New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-03-16
TOPICS OF THE STREET.

FOREIGN TRADING.-Forelgn houses bought
80 900 shares in the local market, making total
purchases In the last two days more than 100 coo
shares In London the general market was firm
except IN the case OF the Rio Tinto issues which
weak. Money IN strong demand and it
thought that the bank rate would be raised
10 per cent II there should DO a demand from
this side for gold. Paris exchange on London was
strong. advancing TO a new high record but there
was no Indication OF n movement OF gold from thu
French capital to London.
MARKET GOSSIP.-It ia rule that is seldom
broken the Stock Exchange for the market to
rally sharply after a panieky day TO an extent
equal TO about one-half Of The decline and then
rally came expected. ana room traders were Of
the opinion that the second phase Of a post-panic
market would develop according to precedent
Houses that do investment business were good
buyers yesterday, Spencer TraSk & Co. for in
stance taking 25O0O shares. largely IN fractional
amounts on investment orders. The largest vol
OF business. however. provided by So
called bear houses. who were the CHIEF factors n
the advance. Heavy covering operations unaccOul-
panied by active outside demand leave a mar
ket technically weak. and the fact that the public
is not buying to any extent. while much OF tho
short interest has been eliminated. paves the way
for renewed operations By the bears. @ 2. Barney
& Co. and other so-called Frick houses bought
Union Pacific. and T. \. Mcintyre & Co. bought
SOO00 shares. mostly IN odd lots. for investment
cities. ]. r, Williston & Co. who covered in
Thursdays break put out large amounts OF Read
Ing, Union Pacific and Amalgamated. Hartman
houses were not conspicuous in the market. and
Mr. Hartman denied that he had sold any stock
or that his wings had been clipped reports 70
the contrary notwithstanding. 1t was reported that
losses had been tremendous among many rich men
who bought stocks last summer. and that one
SOutherner who has made his home in New York
for many years and whose family Is prominently
1aufYd nH vrfVV, R,aFV
PEELED TO throw over a line Of SO000 shares ul
high priced. Thomas T. Ryan bought between
SSO0OOOO and $4Oo00OO OF stocks in Thursdays mar
ket. and William Rockefeller also was a heavy
buyer.
GRAIN EXPORTS FOR THE WEEK.-''Brad-
streets reports the exports OF grain for the week.
with comparisons figures in bushels. as follows:
Wheat flour included 2OSOOs4. against 221 BOB last
week. 20l02S7 In this week year. S95.742 in 1895
and 2906.25O in 1892: fer the fiscal year to date
lzGOVAS65. compared with 99.l52S92 in 195O6 45599
III in l9Oio5 and ISIS SSS In 1901 o. corn sos 25
contrased with s6Sl.572 last week. 2S2 IN this
week year ago and S.Sn41I In 1905; for the fiscal
year TO date. 4S13.t against s9O5e4i5 in 1866
and 5l9U.9lS in 190i-O6
CORN PRODUCTS REFINING-The 5frertora
OF tho Corn Products Refining Company will meet
meat tuesday to take action the quarterly pre-
lerred dividend. II Is understood that at that tirna
cue BOARD will order disbursement OF per cent
80 the shareholders. per cent representing +ha
uenGs accrued during the year. The preferred
S4 SsA' quarterly has been paid since the CON-