New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-04-27
TOPICS OF THE STREET.

FOREIGN TRADINGS.-Foreign houses dealt a,
15OoO shares in the local market. mostly sale,
The selling again was chiefly in Union Pacific ana
United States Steel. There was some foreign b4y
ing IN Missouri. Kansas & Texas preferred On
the London curb there little business in Amer
lean shares. The feature OF the general IOndo,
market was It's dulness and its failure 10 resuond
to the reduction IN the bank rate. Money was.
hrmer on the Stock Exchange settlement require
ments and the usual demands at the end OF the,
month Discounts advanced fractional1v On ~.
further decline in Paris exchange on London.
MARKET GOSSIP.-Charles G. Gates q n, a.
that they feel the market IS It's way 10 hfgha.
level There are many people IN the Street NH,
have the same feeling but they are not rnskrr
any extensive commitments the long side DE-
spite their bulishness There appears 70 Ia a ro,z
deal OF stock for sale on all advances. and ~,
failure OF the efforts to carry Union PscIAc -
materially higher level on the old storv - =.
hartman holding company has Convinced r,,,1-
observers that the market Will require sonlstht,~
more than rumors TO get II out OF the present IN,
Az present II Is a traders market. a sals an
rallies and a good purchase on soft suots
prominent house. speaking OF thu crop reports said
yesterday that while there doubtless hsa ba.,
considerable damage done by bugs and unssason.
abls weather to growing grain there was as W.
but slight foundation for alarm as far "a thu mar
ket for securities was concerned. even should the
loss far prove large as the most exsxzar.
aleu- SUITES PiaCs IT, Wneu one remembers th4
large surplus OF wheat OF last years crop avail
able and tlIs higher prices that would undoubtssIv
be obtained for 1t II present reports prove tina
In the last week 10000 shares OF Union Pacific
have been dealt in between 40 and la but tbs
reason OF the operations Is practically unknown,
while the same thing may be said OF Readnx
which. with Union Pacific has led the weeks
movements up and down. A Upper & Co ara
said to have done the heaviest buying OF JTnioB
Pacific in the first hour. Wormser was active on
the same side openly and through brokers. Flower
& Co were supplying the stock the advance and
there was other profit taking OF q similar chaz-
actsr- s. N Warren & Co. who were conspicuouS
sellers OF stocks early in the week. were buyers
OF Union Pacific and Reading Waterman An
thOny Co also had fairly large buying orders
in both stocks. and helped 20 give considerable
strength 20 Union Pacific London reports good
New York inquiry for options. but Unexpectedly
for the end of September rather than FOR earlier
dates Arbitrage houses are inclined 20 think from
this that the interests who have been buying are
looking for quiet summer
GOLD EXPORT ACKNOWLEDGING eond5-
TORS in London are reaching stage 80 that.
il is believed there VIII De no difficulty IN supplying
the Paris demand for a settlement. though dis
counts yesterday were reported a little harder on
the prospect Reference TO this matter naturally
brings UP the question 70 the possibility OF gold
exports from New York within The next month or
two II likewise recalls the consideration which
the leading financial centres OF the world had for
each other during the recent period % money strin
gency Last December Paris came to London's as
sstance quite readily when The money market at
the latter place was very tight and New 4orS
during the early months % the present year re-
Trained from taking gold from London even
though exchange rates for weeks ruled under tins
gold import level The need for such consideration
now however. seems - have passed, and the
money markets Of the world are approaching a
more normal state. II Is. therefore held oy locai
bankers that no extraordinary measures will be
taken TO prevent gold exports frCm New NorS
should exchange rates rise to level that would
: permit OF such operation, neither would Paris be
likely TO hesitate about taking any o. the precious
metal from this centre that could ~ obtained X
money rates here to continue az the present
low level for the next two months. II is regarded
as quite probabls that sold shipments will be mads
TO Paris. It IS pointed cut however, that II snch
do take place II Will be merely because OF money
being so cheap here that the local market can az
ford to lose the gold
TO FACILITATE DELIVERY OF low PRICED
MINING sTOCKS-The brokers the curb have
formulated the following regulations 10 faeihta's
the speedy delivery OF stocks OF mining companies
which have transfer offices AZ very distant points
and whose securities are selling at low prices;
ION and after May 10 all mining stocks selling a.
50 a share and above must BE- delivered IN 1Oo-shars
certificates multipIes thereof. unless otherwise
specified at the time OF sale and 50 compared Al
stocks selling price under 81 may be delivered
in certificates OF loco shares each unless otherwise
specified at the time Of sale and 50 compared TINS
rule does not apply TO companies having TRANSFER
Offices in New York Boston Philadelphia ana
Pittsburg in which event certificates must oe O.
100 shares each or muItiples thereof"
MR. GOULD OPTIMISTIC.-Geor J. Gould. BE-
fore departure for Europe, gave Interview m
OF AT
made by the federal government TO exercise con-
troll over the operations Of railroads. but depored
the misguided and intudicous legislation by various
states. He said; II personally don't feel that req
eral legislation has been harmful As an investor
7 glad 10 see a reasonable supervision kept over
the roads. I would not even oppose judicious
government supervision over issues Of railroad So
curities. The doing away of rebates was certainN
n first rate achievement. The cutting Off OF passes
also good move. The federal legislation =
in the hands of experienced men who are VorAns
on broad lines I'm effort 20 better the condiuV'
OF affairs and we feel that President Roosevelt .
thoroughly sincere and honest in his purposes.
HISTORY OF CONSOLIDATED EXCHANGE NJ
VIEWED-S- A. Nelson. author OF The A. 3. =
of Wall Street and The A b. G. OF Stock Spe'u
lation." has written and published The Hs'o's
Of the Consolidated Stock Exchange OF New 1ofA
II describes the career methods. mechanism spu
machinery OF n Wall Street institution ths'
more than thirty years old Some of the mo0
notable features contained in the book are the us
tory Of the exchange. the Clearing House. 'n'
Gratuity Fund. days work OF commission broAs'
membership. work Of traders. principles Of the 81
change mining and grain departments. etc n.
book Is leather bound and contains Is pages. :
has special timeliness IN view OF the Construe -
Of The new building for the exchange nov rap4t
going on.
BANKS LOSE MONEY.-The reported moVelhs-
of currency this week indicates that the -.
banks haVe lost 81 80 500 They received from ~
interior s. IS5 600 and sent t. the interior Sa0
Receipts Of new gold were N.175S0o. The losS
Sub Treasury operations was sss5.sO0 The sp'iy
outflow of CURRENCY IN rba interim continued, a.