New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-13
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
Is 600 shares in the local market selling on balance
In London consols were strong while foreign honds
were dull without feature. In the general mar
ket Anaconda was an active bull feature Senti-
rnent was more cheerful in London over the money
market situation and predictions freely made
that discount rates would soon work to an easier
basis.
MARKET GOSSIP-The movement in Denver
common appears TO have originated in London 4
substantial majority % the stock is held there and in
Amsterdam There is not great deal of il over here
but there is real effort being made to broaden the
market for It, in which the Gould brokers TO be
taking part. There is strong bull point Alton,
current in conservative quarters, which have been
well informed in times PAST when any market
tivity was due in those issues. All the talk on the
Pacific Coast seems to Indicate that the buying Is
for some one OF the larger Western railroad inter
ests not the Union Pacific and that the property
will ultimately be taken over on a guarantee
largely for the sake Of IT'S coal properties. Wolf
Brothers who bought 5000 North American were
rather noteworthy sellers of stock elsewhere These
included some of the active ndusrials and Southern
Pacific in very fair quantity. Halle & StieglitZ
whose business is typical of active class of com
mission house trading, prominent buyers Of
Amalgamated Copper, Denver and Colorado Fuel
On the last named stock there is a good deal of
buIsh talk from quarters where its market move
ments have hitherto been pretty well foreseen. In
spite of the scattering liquidation in American
Sugar it is thought that some one is holding the
bag for the stock. The real developments are ex-
pected at the directors meeting in February. Ed
ward Sweet & Co. were among tqne most important
buyers of Anlalganated Copper and were also
prominent in Cast Iron Pipe and Union Pacific
They were very active on the bull side throughout
December and credited with executing innu-
entail orders, especially in copper Shearson Ham
mill & Co. were considerable sellers OF PennsvI-
vania. They have an important Pittsburg following
and checked the advance in that stock quite ma
terially. Clark Dodge & Co. were among the most
prominent buyers of ST Paul TN the advance OF
that stock after midday. They usually followed
railroad stocks and particularly the Great North
ern-Northern Pacific group.
GRAIN EXPORTS OF THE WEE:--'.Brad-
streets" reports the exports of grain for the week
with comparisons. figures in bushels. as follows:
Wheat, flour Included. 476s 772 against 3S3a7H last
week '00.950 in this week last year 27 2l5 i'm 1901
and iSS62i In 1903: from July l. 7S7SS793 compared
with 36S76,224 last year 92.29 32i i'll 1901 and 1872
S2S0 in 1903; corn. 5342.569 contrasted with 6233
last week, 29S2.0l4 a year ago. 97T759 in 1894 and
2594,6I2 iii 1898; from July /. 4S550S $751; against q
6S90o in 1905. 3d. S04 in 1904 and 159l+13O in 1903
MERCANTILE PAPER.-A banker who is il,
close touch with the mercantile community SAYS
that borrowers on mercantile paper are now OBJ
tanning all the accommodation they require at 5Is
per cent. which until recently was the extreme
minimum figure. Many borrowers arc holding OF
for accommodation at so. and even ) per cent
The great majority of business houses with which
this gentleman comes in contact report that they
made a good deal of money last YEAR and that
the outlook is for continued exceptional prosperity
STEEL ORDERS Observation-Disclosures for
steel rails and structural material aggregate 100000