New-York tribune., 1906-11-06
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreisn houses bought
2oO0o shares in the local market. In London con-
soils were quiet, while Russian bonds and copper
stocks were strong. The possibility of per cent
bank rate is still factor the London exchange
but the passing of the Paris settlement with no
unfavorable development. suggests the probability
that assistance will be given London by Paris
Local foreign houses expect to a moderately
active london market over the election. and. OF
course, Wednesdays London quotations will be OF
particular interest this market. particularly IN
the event OF the success of Mr.. Hearst.
MARKET GOSSIP-It IS doubted II the Old
waldorf-Astoria contingent. which is n good deal
scattered nowadays. is particularly bullish. The
leadership of Jacob Field IS missed and that oper
stor is longer active greatly interested in the
market. 1t is not impossible that the uptown trad
ers. waiting for the dawn of the London market
after the election. would put out stock the
other side If the market there should be strong.
Some of them say that there will be no money to
bull stocks with for a month more. Rumors OF
rights and special distributions on Northern Pacific
make up in magnitude what they lack I'm authority.
NEW WYOMING ROAD.-The Saratoga & En-
campment Railway expects to proceed once with
the building aud full equipment OF its line from
Walcott through Saratoga. Wyoming. 10 the Grand
Encampment mining district IN Wyoming Con-
have been let for the building and
ties being delivered where they will be
accessible as the grading progresses. traffic
rangement has been entered into with the Union
Pacific and it is expected that inside Of thirty
days all equipment will be on the ground. This
road Is now backed blythe Pennsylvania Wyoming
Copper Company people. and will he used by them
IN placing their ore on the market. The road will
receive the benefit Of larger shipments from
the Portland Copper Mining Company's mines.
which are located the town OF Grand En-
campment.
LONDON MARKET TO-DAY.-Thers is not at
all likely to be any London curb market Election
Day. even ate in the evening, London time. 1T
would still be impossible to forecast the results.
There will however. be a fairly active market and
good possibility of trading in London up to midday.
our time, at least. Foreign houses of course. will
be up all night and it will be possible to get some
sort OF market early as a m. after the re-
suits of the election known.
PIG IRON CERTIFICATEs-Pig iron certih-
Gates at the New York Produce Exchange opened
quiet and about unchanged. There were sales.
First prices for regular follow: Cash and Novem-
ber SIS 30 bid: December. Ss 50 bid Quotations for
new standard foundry opened follows: January.
SO 256s25: February and March. S22G2S. On the
second call business inactive Prices ended
the same they opened.
To INCREASE STOCK-At the stockholders
special meeting OF the Du Pont De Nemours Pow
der Company. held in Hoboken. the proposition to
increase the common stock from s25Ooo000 to
fered at par Stockholders will be allowed to sub
scribe to the stock pro rata
CHICAGO MONEY MOVEMENT.-Chicago banks
October shipped $50 26S. 800 to the country the
the best OF $1,000 900 for August and s9oo0Ooo
for September Local banks for ten months OF the
year have, shipped sl42OOOOO0 and received sSSOcOo
a loss Of sS4.0OOOOo.
BOND PURCHASES NEXT TREASURY RE-
IIEF-There is good reason for the BELIEF enter
tained by the best informed hnanciers that the
next of treasury relief. II needed. viii not
be further increase IN United States deposits but
the calling for payment of part Of tho per cent
bonds due July I. 1907.
CANADIAN PACIFICS BIG EARNINGS.-Gross
earnings OF the Canadian Pacific for the fourth
week in October were S2.4530Oo. increase OF
S52s.ooO compared with the week year
For the month the increase amounted to 81 .215-
900. making from July gain OF sS.207,70S.
SALE OF PRODUCE EXCHANGE SEAT.-A
New York Produce Exchange membership sold yes
terday at $275. advance OF about sSS tire
price paid at the last auction sale.
GOVERNMENT BUYS SILVEFS-The Treasury
purchased yesterday 100000 ounces OF silver at 74s
cents ounce.