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New-York tribune. [volume] (New York [N.Y.]) 1866-1924, January 28, 1910, Image 12

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83030214/1910-01-28/ed-1/seq-12/

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IS
SOUTHERN IKON
& STEEL COMPANY
First and Refunding
Mortgage
4-5% Bonds
Present •srninEs more than sufficient fa
pay ■•-■.«■ chars**.
After March Ist. when new iv'r*. rod
snd fence mills will be completed, the
earnings are conservatively estimated at
three times: the interest charts.
TVe recommend their purchase at the
present price, at which they yl*ld the
investor 84'; if held till maturity.
E. Bunge & Co.
JO Brnsd St.. . Nw York City.
Telephone 4735-4730 Rector.
CONVERTIBLE BONDS
first 3.000 copies of our recently
!sra«d WALL CARD OF CONVERTI
BLE BONDS have been exhausted by
requests from Banks and Investors. A.
new supply trill be received and dis
tributed within a few days.
This Card lists all issue*, showing
price ats4 time of conversion, rule for
flouring price at which It is profitable
to convert, etc. Sent free to Banks,
Brokers and Investors.
SWARTWdUT & APPENZELLAR
Members New York Stock Exchange.
44 Pine Street, New York.
Fortnightly letter by an authority,
analyzing industrial axd financial condi
tions, sent on request.
It Is our custom to furnish for the assur
anc» of our customers a quarterly statement
FTs-ora to by certified public accountants.
Warren W. Erwin & Co.
Members Ccnsolid*ted Stock Exchange ot N.Y.
Investment Bankers
54-56 Broad Street, New York.
Interest allowed on deposits, subject to
check. Commission orders executed for
reeh. or on ample margin. New accounts
solicited.
Wm- A.Read & Co.
Bankers
25 Nassau St, N. Y.
EOSTON CHICAGO BALTIMORE
UNION TYPEWRITER
Bought — Sold — Quoted.
Hallowell & Henry
Tel. Broad 4936. .*2 Beaver Rt.
FISK&ROBINSON
GOVERNMENT BONDS
INVESTMENT SECURITIES
New York Boston Chicago
DIVIDEND NOTICES.
THE BALTIMORE & OHIO RAILROAD
COMPANY.
OFFICE) OF THE! SECRETARY,
Baltimore, aid.. January 13, 1910.
- Th« Board of Directors this day declared from
tJ)e net earnings of the Company for the six
months tnded December 31, 1909. a dividend ot
Two (2) P«r Cent, on the Preferred Stock cf tha
Company, 10 be paid March 1. 1010. to the stock
holders of record at the close of bu6inesa on
February 1. 1310.
The Board also declared from the surplus earn
tngs of the Company a dividend of Three «3) Per
Ont. on the Common Stock of the Company,
payable March 1. 1910. to the stockholders of
r<"^ord at the close of business on February 1,
m*.
The transfer books will not cloFe.
- C. W. WOOLFORD. Secretary.
PRESSED STEEL CAR COMPANY".
Km York. N. V., January 26th, 1910.
PREFERRED DIVIDEND NO. 44.
A quarterly dividend of ONE AND THREE
QUARTERS PER CENT (l 4«) will be paid
m the erred etock of this company Feb
ruary 23rd, 1910, to stockholders of rec
ord at the elope of business February 2d.
1910. Cheques will be mailed from the of-
Ccc of th* company. The transfer books
win close at 3 P. M., February I'd, 1910. and
reopen at 10 A. M.. February 23d. 1&10.
F. P VAN HORN. Treasurer.
Chicago. Milwaukee & St. Paul Railway
Company.
♦2 Broadway. New Yo:k. January 27. 191
Notice is hereby given that there has been
««"-)are<J a. di^dend of three dollars and fifty
-c«T!ts j*r phare on th« Preferred stock, and a
eivldecd of three dollars and fifty cents per
f-.hare on the Common stock of the Company, to
Motithoiders of record, at 3 o'clock, on the 10th
cay of February next, payable March Ist. at
th* office of the Company, in the City of Xew
Tork.
ROSWELL MILLER, Chairman of the Board.
MEETINGS.
Office of the Maryland Coal Company.
No 1 Broadway, Ntw York. January &ta, l«l0.
The annual meeting cf the Maryland Coal
Company for the election of a President and ten
Directors, and for such other business as may
rattle before the rr^eting. ■Rill be held at the
. office of the Company. No. 1 Broadway. New
York, on Tuesday, February Ist, 1916. at Eleven
A. M.
Transfer books will clow on January C th, at
three P. M., and reopen on the morning of
February 2nd, ISIO.
H. B. NBDHAM, Secretary.
THE ANNUAL MEETING OF THE STOCK
holdere of the S. M. Robins Company will be
fc^M at No. 64 Broad Street, Borough of Manhat
tan, on the frond Tuesday In February next, at
Bear o'clock P. M.. for the election of Trustees
end for such other business as may properly
come before the meeUasT-
I>ate<J. January 19th. 1910.
; RALPH If. ROBINS, Secretary.
ANNUAL MEETING OF THE AMERICAN IN-
FtJtute. Thur*<!ay. Feb. 3. 1910. at IS West
Mtfc FT.. S P. M. R. A. DAYTON*. Pec'y.
MONEY AND EXCHANGE.
MONET MARKET. — Money on call
pruned at 3 per cent: highest, I per cent;
lowest, l s i per cent; closing, 2<§2%i per cent;
ruling rate. 23i2 3 i per cent; last loan, 2*4 per
• *n; Time money was dull. Rates, [email protected]
p*^r rent fT sixty day.=, and 4 per cent for
ninety and one hundred days; [email protected]*i per
r^nt for four and five months; 4' 4 per
r*>nt for six months. Mercantile paper was
Übued with tome freedom, meeting with a
moderately good demand. RateF, 4 1 .-So per
eat for sfxty to ninety days* Indorsements,
1*405 per rent for four to Fix months'
choice single names, and ." ! : per cent for
others.
FOREIGN* EXCHANGE.-The foreign ex
change market opened easier, with cables
quoted at 4.&e€5g4.5670. demand sterling at
4.^Vi^-Se3O and sixty day bills at 4.&3?i$
t.S4. Short francs were quoted at 5 ITU less
f-«4ss.]Tit' less 1-1*;, and short reichs-rfiarkß
at &il-15§'-01-16 plus 1-32. The market was
a shade, firmer in the afternoon. Cables
were quoted at 4.*S6o*j4 demand ster
ling at 4.5630f4.5625 and sixty day bills at
4 M**&4.B4. Short francs were quoted at
6.17^ less 1-16 and short relchsmarks at
X 1-16<555 1-16 plus 1-32.
Bankers* posted rates follow:
Sixty days. Demand.
Sterling • 4.64 >4 4>7 ! 4
tif.Tm&uy. rfichbniarka J>4"« f«'-S
rarii?. francs _ 5.16 1 , 5.18%
Belgium, francs 5.19 8 » 6.1714
Switzerland, francs 5.19H 5.164
Holland, guilders 89 T » 40*
DOMESTIC EXCHANGE.— Boston, par;
Chicago. 25c discount; San Francisco, sight
7V\ telegraph ISUc premium; New Orleans,
commercial par, bank 51 premium; Charles
ion, buying par. selling l-10c premium; St.
■Jvouis. 5c discount bid, 5c premium asked;
Minneapolis, GOc premium; Savannah, buy
ing 3-l^c discount, selling par.
BANK CLEARINGS. — New York, ex
change*, 9ULJS74JM3, balances J15.205.C25; Bal
timore, exchanges $5,136,579, balances J595.
•O4; Philadelphia, exchanges $27,465,682, bal
ances 11,722,258; Boston, exchanges $34,14*,.
m, balances $1,979,343.
. SILVER MARKET.-Commerdal bar sil
ver Z2\ic Mexican silver dollars, 41c. Bar
irllver in London closed at 24"id. unchanged
GOLD PREMIUM.-! n Madrid. 7, Lisbon,
20.75.
MEXICAN EXCHANGE.-Mexican ex
change on New York is quoted at 2«i' .
GOVERNMENT REVENUE. - Receipts
from customs yesterday were $850 802. in
¥!%<£ r % v «-ue $7«,423, and rniEcellaneous
m.ffio, a total of 51,01,150, against total ex
penditures on ordinary account of 52.259.151
Kor the month to date ordinary receipts
have be*n $33,571,127 and ordinary expendi
tures $<3.451,1 K. the excess of expenditures
amounting to $3,320,028. For the fiscal year
to dnte ordinary receipts have been $366,450.
250 against 5225.720.€14 in the tame time in
IS«9, and ordinary expenditures 1394 290 I£s
« ainst J257.252.51 in iS». the- excess of ex
penditures this year amounting to $''7 £31*
f3?.compared with an excess last year of
J7J.572.337. Including Panama Canal account
and public debt, the excess of ail expendi
tures over - receipts fcinceJ amounts to
$4?.20.£31 against an excess in the corre
sponding period a year ago of $101 6C?
SUB-TREASURY.-The Sub-Treasury w'a.
debtor 10 the Clearing House $711, 456.
CHICAGO INDUSTRIALS.
' „ . Chicago. January 27.
American Can.... 11 ! Quaker Cam pref.. 105
do preferred . . . . 75 Street's Stable Car 30 T 4
Chicago Subway.. 4J44 J 4 Kwift &Co 104
Commonw Edison. 117H * Boxboard pref.. n«
do nehts . ... IfclCbJ & Oak Park pf 7*4
Ctiic Teiephcr.e — 120 Metropolitan pref.. 54
Chi Title & Trußt.l4B% ''hi Ryg s«-r 2 30
Diamond Match. . . V>H Sears-Roebuck ....WIVI
li' Biscuit 112 do plef 190%
National Carbon-. 108 People's Gai no
<Ju*J:er Oata rcts.lCO
STOCK PRICES AGAIN AT LOWER LEVELS
NEW YORK STOCK EXCHANGE THURSDAY, JANUARY 27, 1910.
fni'JrlihiU ~ I Actual Sales. I Closing. I Bh'rsjNet j ~ "- j Actual Sales. I Closing
■Old. tch»l ; 1 Op.| Hl.|Low)Finl|Bid.|Ask sold, ichge! J■ ■ Lppj Hl.lLowlFinljßld.lAsk
- snn!~iv i AJ'lf-Chajmerß Company.... 12J^ 12% 12 |12 I SSJ 1»4 2,200;- % Louisville & Nashville.. v ... 145% 14574 143% 145V4 144% l«^
tvw>\ $ Allis-Chalmers Company pr 461*. 47 <5vJ 45V4 42 | 45% 300 Mackay Companies.... 88U BS^ S8 88 88 91J>
bm' ""?* ■A^ 1^ ama l ed C0pper....... m S3Vi So 4 S2H ] 82>*! S2V 4 ™2 - % Mackay Companies pr 77$ 77^ 77 77% 77% IT»
9&wra? , American Agr. Chemical.... 44M> 44H 43 43 ! 43*4 44% 100 Manhattan Beach 3 3 3 3 3 6
2.800 - "* American Beet Sugar 37% 37% 35 36% 36% 37 150 +14 Manhattan Elevated 137 137 137 137 136J4 13.
, -'- '"T Arr '^lcan Beet Sugar pr.... 90 90 90 90 90 94 100 - : Marino 6% 6% 6% 6% 6% 65i
♦•350 -% American Can 11% 1114 io% v iotj, n 600-1 Marine pr 20% 20% 20 20 20 22%
■■gl ».. American Can pr 76 |76 74 75 75 75\i 1.550-1% M.. St. P. &S.S. M |IK% 138? 134% 134% 134% 136
i'Snft~"s American Car & Foundry.. 64% 64' a 63 63"i 64^4 64?* 200-I*4 M., St. P. &S.S. M. pr.... 151% 153% 152 152 152% 104
H2?"-?* American Cotton Oil 62 62 60 61V4 60% (2 5.800-1% m 0m 0 Kansas & Texas.. 1&& 43% 41% 42 M 2M 2 i?*
}-%£'i~ I* American Hide & Lea, pr... 39V* 39% 38% 39 39 39% 300 —Vi Mo.. Karras & Texas pr... 72 j72 7l» 4 71% 71 .2
lfl^~^ American Ice Securities.... 22% 22% |uZ 21% 21% 21% 2.400 -ij Missouri Pacific 69V.! 69% 67% 69 68% 65%
m -:j American Linseed 15 15 " 14% 14% 14% 15' 200 -hi National Biscuit 109% 110 ' 109%!ll0 105 112*4
•DO -3 , American Linseed pr 40 40 35%1 39' I 39% 40% 200—% National Enam. & Stp 23%* 23% 1 23% 23% 23 24
4.600:— American Locomotive 52% 52% 50%! 51% 51 51*4 2,160—1 National Lead 84% SiM 82 i 53% IS3 53%
100 +% American Locomotive pr... 112% 112% 112% 112% 112 112% 300—2 National of Mexico pr 61 61 61 61 61 62U
100 .♦ % American Malt 6 6 66 5% 6 j 9501— : National of Mexico 2d pr... 27% 27% 27 27 27 27i 4
WW +14 American Malt pr 35 36 35 35«4 35 - 38 1,975-5 -New York Air Brake I 82% 82% 76 78 77% .8
29,400— American Smelting 93% &4 SO% 92 92 92U 13.058 — % New York Central. .119 119 V* 117*4 118% 118% 118 787 8
4"0 American Smelting pr 109 109 108% i 108% 108% 109*4 1.100 +1 New York. Chi. & St. Louis 60% 61 160 61 I 60% 62
400— % American Smelting pr 8.... 89V4 89% 88% 88-*! BS% 89 33 New York Dock pr, slO ! 82% 82% 82% j 82 1 *! 82 84
500—% American Steel Foundry.... 61 61 60% 61 I 60% 61 300 +% N. V., N. H. &H. subs..... 145% 146 145% 148 !
1.900—1% American Sugar 121 122 120« 121 121' 121% 100 N. V.. N. H. & H. 156% 166% 156% 1£6% 155% 187%
100—1% American Sugar pr 120% 120i,s 120% 120% 120 122 1,900— *4 New York, Ont. & Western 44% 44% 44% 44% 44% 44%
2.250— 14 American Tel. & Tel 137*4 137*4 136 ' 136 186% 136% 1.910 Norfolk & Western 1 96% 93% 96 96% 96 96%
300— American Tobacco pr I 92% 92% 92 *! 02 1 l! 924 92%* 1.500—1% North American !79 i 79 76% 77% 77% [ 78
1,000 41% American Woolen- ! 35U 36 34* a 36' 135 136 7.800 +V, Northern Pacific 135% 136% 134 136% 13G 136%
200 +% American Woolen pr 101 101 101 " 101 100% 101*4 140 — Pacific Coast 110 110 110 110 108 1114
15,720-2% Anaconda I 52% 52% 50*4 50% I 50% ! 51*4, "400 Pacific Mail | 33% 33% 32% 33% 83% 33%
13.600—1% Atchison |117 117 115% ; 115% 115% 116 200—% Pacific Tel. & Tel 35% I 35 %| 35 35 35 ! 35%
500j— Atchison pr :.. 1103% 103% 10341103% 1C3 1 -! 103% 73.310 +I*4 Pennsylvania Railroad 133% 134% 181% 134 134 134*4
1,000—% Atlantic Coast Line 1127 128 126% 128' 12S' 125% 2,700 —7b7 b People's Gas & C0ke...:.... 1110% 110%110g% 109% 100% 110
3.100—% Baltimore & Ohio 115% 115% 114% 115*4 115V4 115% 1.500!— P., C.'.'C. & St. L 98% 95% 97 I 97% 97% 98
100 Bethlehem Steel 31 31 31 31 30 131 " 2,900 — Pittsburg Coal 21% 21% 20%! 21% 21%; 21%
6,560—1 Brooklyn Rapid Transit.... 73% 1 73% 71 72 71% 73 800 —2% Pittsburg Coal pr 71% 71% 68 j69 68 7«>
100+4 Buffalo, Roch. & Pitts 105 1105 105 105 95 1»7 1.650 — H Pressed Steel Car 43% 43% 42 I 42Ts 42% 43
300—1 Butterick Company 32% 32% 32 32 32 i 33 200—1% Pullman Palace Car 192 192 192 192-192 103%
475—1 Canadian Pacific 178% 179"4 178% 179*4 17SV- 179 I 100 [ Quicksilver 3| 3 313 2 ! ,3%
4,900—1% Central Leather 41% 41*4 38% 39W 39%! 39% 300 —14 ; Quicksilver pr 3% 3% 3% 3% 3 3%
700 Central Leather pr 107 107- 106 106 " 1 106% 107 1,100—4% : Railway Steel Spring 45% | 45% 4014140% 42% 43
14,050'— % Chesapeake & Ohio 84% 84% 81% 83 W 83% 83% 130.450-2 Reading 157% 157% 154 155% 155% 155" 8
440!— 1% Chicago & Alton 60% 60% 58% .58-* 56% 60 3'X) — 1% Reading 2d pr 103 103 [101%! 101 100 1103
1.600 + % Chicago Gt. West, new 32*4 32% 30*4 81% 30% | 31 2.910—% Republic Iron & Steel j 37% 38 i 36% 37% 37% 38
18.200— % Chicago. Mil. & St. Paul.... 147% 147% 145% 147% 1471-4 147% 220 Republic Iron & Steel pr....|101 11011 101 101 101 100% 101*-;
400:— Chicago. Mil. & St. Paul pr : 166% 166% 165% 166% 165%1165% 1,400p-l% Rock Island 42% 42% | 40*4 41% 41% 41%
1,400!— 1% Chicago & Northwestern... 159 159 157 157 157 158 700 Rock Island pr 82 82% 182 82 82 82%
2.835 Chicago & Northwestern rts 14%; 14% 14 114 — - 2.200-1% St. Louis &S.F.2d pr 53% 53% 61% 52 51% 01%
1.2001+% C. 0., C. & St. L 78V4 ma 71 78 77 178 100 —Vi St. Louis Southwestern 28% 28% 28% 28% 28% 28%
14,834—3*4 Colorado Fuel & Iron 41% 41% 36 38 37T6 38% 200!—% St. Louis Southwestern pr.. 73 73 72% 72% 72% 73
200 Colorado Fuel & Iron pr.... 113 113 113 113 112 1,200—2 Sloss-Sheff. Steel & 1r0n.... 75% 78% 76 ! 76% 76 77
1,000—1*4 Colorado & Southern 56*4 67*4 56%! 56 787 8 56% 57 51,300—1% Southern Pacific 125% 129% 126% 127% 127% 12776
20 Colorado & Southern Ist pr 81% 81% 81%! 81% 81 81% 4.100 I —%. Southern Railway 30 |30 j 28% 29% 29% 29%
100! +% Colorado & Southern 2d pr. 80% 80V» 80% 80% 80 SI 2,200 + % Southern Railway pr 67% 67% 66% 67% 67 6S
1.180 +*4 Columbus & Hock. C. & 1.. 14 |14 12% 13%! 13 ! 13% 1.600.!— Tennessee Copper..... 36»,(, 36% 34% 34% 33% 30%
17.9751-2% Consolidated Gas 145% 146% 141 142% 142% 143 1.200!— Texas & Pacific 31% 31% 31 31 31% 31%,
1,400—% Corn Products Refining..... 19% 19% 119 19 19 19% 1.200— 7& Third Avenue Railroad...... 15% 10% 15 ( 15% laVs 16
75 -LI Corn Products Refining pr. 82% 83 82% 83 82 84 800 - % Twin City Rapid Transit... 113 1112% 111% 111% 112 113
600—01 Comstock Tunnel 32 .32 .32 .32 900-% Union Bag & Paper 10% 10% 9% 9*4 9 10
500—2% Delaware & Hudson 173 173 171%! 172 172% 173 100 Union Bag & Paper pr...... 70 i7O (0 1.0 \.O iS
2.1001-1% Denver & Rio Grande 42% 42% 41 ! 41% 41% | 41% 148.830-3 UniDn Pacific : IS<% 187% 184 184% ISo
700!- % Denver & Rio Grande pr... SO%, 80% ! 79% 79% 79% 80 2.000 -% Union Pacific pr. 99% 99% 98% 99 — ■ —
31 — — Detroit United Railways.... 63 63 63 ;63 63 |67 1.205 + % United Dry Goods pr 111% 112 11l 112 111*4112
1.300— Distilling Securities 32% 32% 317*,] 81% 31%! 32 200 United Ry. Investment 37 37 36 {36; 35 3.
500—% Duluth, S. S. & At. Pr 27 27 26% 26% 26% 26% 1.300—% United Ry. Investment pr. 59:4 toO 58% oS% .08 j 58%
2.650'— 1 Erie 29*4 29% 28% i 25% 28% 28% 300-I*4 U. B. Cast Iron P. &F. pr.! 79 79 77% 78% 7S SO
1.9001-1 Erie Ist pr 47% 47% 46 1 46741 46% 46% 200-1- U. S. Realty & Imp | T6% «6% 76 •« W '•
100—1 Erie 'd pr 85%! 35% 35% ! 35* A 35% ' 36% 900—2 United States Rubber 44 44 ! 42% 43 43 !44
200- % Federal M. &S. Pr 85 185 54% 847*. 53%! 90 614—1 United States Rubber Ist pr 111% 111% 111 ; 111 110% 111%
200 - 8 General Chemical Co. pr... 105 105 103% 103% 103%j105 300—1% United States Rubber 2d pr.l 7fM7fs ,8 1,8 77% ™%*
1.070— General Electric Co 153 1153 160% 151% 150% 152 286.800-1% United States Steel Lf»u!W,S % L2&U2S US*
10*180 <. — | Great Northern pr 1134% 134% 13.3% 134% 134%" 134% 1.750 *4 United States Steel pr 122% 123 122 122% 122% 123
4,800-% Great Northern Ore ctfa.... 73% 73% 71 ! 72% 72 72% 7.600-1% Utah C0pper............ 54 o4 .51% 52* o2 52\»
50 _— Homestake 85% 1 So%l 85% 85% 84% 90 2,850—% Va,-Carolina Chemical 52 ;52 50 01% 61% 517 8
300- % Illinois Central 143% 143% 142% 142% 142% 143 45 Virginia Iron. C. & C 60 60 60 fo
10600— aw Inter -Metropolitan 22 |22 I 21% 21% 21*4 "1% 100 Vulcan Detinmng 20 20 20 20 1
lm-1% Iniln-Metropolitan pr 1 56% 56% 1 54% 54$ 54% 5$ 2.400-1 Wabash 21% 21% 20% 20% 20%j 20%
•400 — International Harvester 119% 121% 1197i!121% 120% 121% 7.600-1% Wabash pr 45% 48% 4b% At\' s 4^l 4.U,
200 +% International Har\-ester pr 124% 124% 124%1124% 124% 134% 100-3 Wells-Fargo Express........ 1.7 177 177.1.7 US ISo
JOO-% International Paper 13% 13%: 13%, 13*4 13 14 34 — - Wells-Fargo Express rts... 150 iloO 150 lag -- —
100 _ International Paper pr 55 55 65 55 155 i 56 1,600 +% Western Maryland ...( 48% 48% 4.% 48 2 48% 49
200—1% i International Steam Pump. 49 49 48 148 45% 49 450) ! Western Union Telegraph... A* M* ,0 .0% ,0 ■ TO4
4501- Int. Steam Pump pr 87% 87% 86% i 86%! 86% j 87 5.300-4 Westinghouse Mfg... .1 .1 68 69 69 ,0
5 l- % lowa Central 22 24 j22i24! 23 124 100 - % ; Wheeling &L. E. .lst pr.... 11 11 11 11 , 10% 11%
1600'— Kansas City Southern 38% 35% 37%; 38 37% 138 300 % I Wisconsin Central 47 47 46% 46% 47 48%
S.Ofiol 4 i' Laclede , Gas. 105*4 105% 103% 105% 105% 105% | I ; II I II I
Total sales for the day, 1,121,624 shares, compared with 654,276 shares for the corresponding day in 1909.
Total sales, January 1 to January 27, inclusive. 22,332,714 shares, compared with 16.236.036 shares for the same period in 1909.
FINANCIAL MARKET
HEAVY STOCK SALES.
Prices Break from 2 to 4- Points,
RaUjfing at the Close.
Stock "market prices failed to maintain
the improvement recorded in Wednes
day's operations, and. in the early deal
ings, losses of from one to four points
were reported among the active issues,
selling pressure being most pronounced
In United States Steel axid Union Pacific,
which found poor support, though sub
stantial houses had buying orders for
the two issues on a scale down. While
various reasons based on outside con
siderations were advanced for the gen
eral weakness, conditions in the Street,
rather than extraneous factors, were re
sponsible for the downward movement,
which left last quotations well under the
closing figures of the preceding day.
The chief influence in Wednesday's ad
vance waa the activity on the part of
the shorts and buying by people who
considered the market at or near the
bottom, the stocks supplying the general
demand coming from interests who were
the leading buyers on the recent slumps.
The market opened yesterday without
the support of a material short account,
and with no indication of speculative
buying by the public or aggressive
operations for higher prices in any sec
tion of the list, this situation naturally
attracting a resumption of professional
selling and some belated liquidation by
commission houses.
In the last hour the general market
advanced under the Influence of a hasty
retreat by the short Interest, and at
the close the leading stocks were well
above the low levels of the morning,
though at subtantial net losses. The
change in the course of prices -was
helped by the announcement of the
declaration r<t the regular St. Paul divi
dend, and by the belief that the larger
Interests had taken substantial blocks of
stocks on the early break; but at the
rlose the trading element, as a rule, was
bearish and freely predicted further
liquidation before the development of a
sustained advance. There is such a
thing as overstaying a bear market, and
Qm fart that since the first of the year
liquid tion has been extensive ought to
suggest caution on the part of opera
tors who believe stocks a good sale at
prevailing quotations. At a matter of
fact, stocks are beginning to look cheap
at current figures for investors, and the
weight of investment buying ought soon
to be heavy enough to encourage specu
lative operations for higher prices. It
is an interesting fact that in the last
twenty -seven days stocks have lost most
of the improvement recorded in 1009. and
that in many cases prices are no higher
now than they were at the close of 1906.
The chk-f net losses were reported in
Anaconda, Atchison, Colorado Fuel and
Iron, Consolidated Gas, Reading, South
ern Pacific, Union Pacific and United
States Steel. The Hill shares and Perm-
Bjivania were among the few Issues th;tt
clos<-d at net advances.
The Bank of England made no change
In its minimum rate of discount yester
day, and showed a high proportion of
reserve to liability in its weekly return,
its percentage of 51.85 comparing with
an eight year average for this period of
49.21. It is customary for the British
institution to present large reserves at
this time of the year, just as it Is for
our own banks, but there appears little
likelihood of a further reduction In the
discount rate in the immediate future,
especially as after the new Parliament
meets heavy new flotations are expected
to come upon the London market. Ease
in money at this centre is due to the re
turn of currency from the Interior and
to the liquidation that has been undor
way In stocks, but unless there should
be a radical adverse change in business
conditions in this country loan rates
fchould grow firmer in the early spring
and exhibit moderate strr-ngth through
out the larger part of the rest of the
: .-.ir. The vatst destruction of property
hi France from thft heavy floods in that
country and the consequent injury to
NEW-YORK DAILY TRIBUNE. FRIDAY, JANUARY 28, 1910,
the purchasing power of the French
nation may become something of a
factor in the international financial mar
kets, and result in a flow of gold to
Paris. In the local foreign exchange
market francs are firmer, and bankers
apparently are preparing for a possible
heavy transfer of French capital from
this country, though in the best in
formed houses no apprehension is felt
over the French situation so far as
finances are concerned. The Bank of
France holds more gold than any bank
in the world, and the country at large is
remarkably strong in cash resources.
*
BOND MARKET SALES.
1000 Japanese 4Us 95? i 2000 L S & MS 4s
5000 do .... 95V* I 1931 94? i
21000 da2d 04% 1000 do 944
1000 Rep of C ss. 1034 2000 Leh & NY
5000 do 44s 974 Ist ss, 95
5000 do 98 2000 L V Term 55. 1154
■■ 2WO U S of Mcx - 1 20000 L & N Unit 4s 99»i
,1s 95?4 3000.' do ...: 994
7000 N V City 44s .1000 do 993*
1957 10S 2000 do At X &
1000 do 1084 C4s 944
12000 do 108 5000 Man Con 4s
51000 do new 108 Stpd 994
27000 do 4s 1959. &941 9000 do 69} 8
145000 do 99H 2000 Marine 44s ••• 6^*
15000 do Rets... 89% 6000 do 6S l 2
11000 ■ do 190S . . 98% 3000 Met St Ry Gen
5000 Alb & S 345. 97 I 5s 7S 1 *
1000 Allis-Chal 5s 82 5 i . 2000 MSP& SS M
13000 do 82%| m Con 45.. 99 :t
140<10 do 82*4 , 11000 M X & T Ist
1000 do 82 i 4s 994
3000 Am Ar C 55.102U 1000 do 2d S6?i
1000 Am Cot Oil I 1000 do S F 445. 90
4V>s- ■ .97 i 3000 Mo Pac 45.... SO*
2000 Am ; H & L 120000 do Convt 5s
6s 101>; j Ist pd 954
10000 Am T & T 1100001 10000 do full pd.. So 1 *
Cvt 4s 102% 1000 Mob & O Gen
5000 do 102 V* 4s 9
15000 do 1024 4000 Mor & Ea Ist
21000 do 102 7s 1114
20000 d, 101-s 1000 N C & St L
52000 do 101%! Ist 7s HO*
3000 do 101-H 55000 Nat Rys of M
33000 do 10174 ,„,„,. i^s 94*4
1000 do Col 4s . 924 124000 do 94 7 %
15000 Am Tob 65..1064 10^2 d > ' ' e2OF ' S*;?
13000 do 4s . "64 : 5000 do 94»4
2000 do . . 76"4 : S OOO d «> 9->
15000 Armour 4U . 924 j ~9™ N^ V Atr B «*-10»%
5000 AT & S F I lf(0 ° N V c en Gen
Adj 4s 94»4 1 __„, 31 * s l! -*
2000 do Stpd . 94v! 300 ° do 91
13000 do Gen 45.100H 3O(jO0 do L S Col
15000 do 100 _ MA __ 3I 2S2 S sv '*
5000 do Cvt 65..115U 5000 N V Dock 4s 94
100000 do US ) 000 N V G& E L,
50000 do 1174 _--. "& p 05..K.2U
2000 do Cvt «*.11«% L252 x .^? ■•-"■ ;; 102
100<J do 116% 52000 NYN H& H
8000 doTSL4s944 _..,. Deb 6a 134
5000 At Ccast 4s. U5% »000 do Cvt 8%*.100%
6000 do 95,4 !s°° do • 10 ° l *
ir>oo<) do L & N I 3000 ? V Tel 44s
, 4S4 S j)2 J i! Rets SRI 4
1000 B& V Gold ! j«™ „*> ,■:■■■■■ 88%
. 4S4 S ... 100 10000 Nor & W Cvt
17500 do ".'..'.'.'.'. 99^ ! rnnn 4s 100%
2000 do Reg 99U "°° o d o 100%
10000 do PLE & * I ,2000 .- ° Plvl 4.. • 02*.
W V 4s 9"i,4 ! 11000 Nor Pac Gen
2SOOO do Pr 345.' 11l ' _^ »■ '-¥,*
3000 do 92% ltjlKH ' 5° < 34
30000 do Swn 34s 904 „}?s rio prior 45. 10r.,
9000 Beth Steel 5s 88% §«*» h« ■•• m 4
7000 do £8 2500 ° do Rep mi
1000 By& 7th \v 88 1000 Or- Sh L 1,,
Ist Con 58.101 1(Wl 7, s ■_ •■■ •_ ■■ '164
1000 Bkln R T 4s. 84 100 ° d " Gtd e^ I
1 VMVfc Art ©^7i ....... "4
[fgo do 83% I'WOPac of Mo Ist. 100%
•MooCan°SoM:::iOl2 Pac T & T Ds. 98,1
l^c cn of BGB Ga Rj Co 44 n S °« bv^fe
5s 108% I ''00 do 100
1000 do Ist Inc. 87% 700 ° 2° -ii -lai* o«r
7000 Can Leath 5s 99% h '™ do 3 H" 1915 96 *
81000 do 994 : 1%*2 22 oi*
lOOOCofNJGen ,o°^! do ;;■•..;• <*,
r H 154U -^W lO «O O*" 3 *
4000 Cen^ P^ac" Gtd ' ™ d oGtdaoid 9flli
SOOOC &"6 Gen 1000 4s ;;;;;•• •?"
3000 So 6s ioii : I014 ! "^ Fe it Slarq Ref - sv
1000 d °^Co & n4 A 597 aOOOßetdWoen^
2000 c & 111 con • 4000 £ ;;;:;;;:: Jg
12000 C & W Ind 8000 RIO Q W Irt.! 93?
1000 C B & Q Gen 1000 St M M & g .
9000 do joint 45." 97 *I m " ef 4s 7 .
15000 do 96% lo ££ d , x' •<; : i Vi 84 "
10000 do 97 lOOOOSt n ' X R e.,.
5000 do 111 ioot- !*™ " Gen ..r B ::8^
fi^in „4S JSXJJ 10000 8t P M A- M
3f105P do ,, B?'p8 ?'p. f "* 20000 c.ah A L T>of
3000 C I & L. Ref -><X>OSeab A L Ref
30000 CM * " it' P 12 8 ' 4 IMM S ° P ' V 'rVTr - *
-,ono do ***••• SS w» 'o ■;•:::: Si)-,
38000 Gen 23000 df ' 4 , lKt R ' f M v
•,000' ,, OAO A JJS^^rt do 48 ..:::::::^
1000 do 100H ,ffi rfo XV "4V ' too -
100. 1 ) do C& M S(XiO do 102*
_OOOC R ef I 4s*. P 9,,i l iOOOOi OOOO & „102? i
Ref 45.... SHJ '.(vxv» Hr» 1O°<"
JSSS ;!' •• 8l0F : I}2l » ..do :::::::: io2>:
S:, H^S ™ 21$ i««»So Ry On 4b. so
~(uv\ d o RR4S SO 2000 T A StLlsf^
''"•O do F9% /- on r. 11411
-?XS "2° • ■Z^ «X>ft do 4Hs 107^
■"SS no :::::::: 7SB loooo ™^*^* 5 ,,,,
1/<"H> do <9H I(VVV) .1. •• ■ • : : : ■™*
2000 d ociTTs.io2HiK :!'; 8Ui:::::SK
600 C M . P & MIM I 2(KX)Und Elcc T.
iFt 125 I 41& a P4'i
2000 C St P M & " j MOM Un Par « 4s'. 101 «i
6000 r r ? A;* ;- ! 4 "2 80 *> cvt 4« . .110%
•xkki rci &ho lit 1 lum do iorw;
1008 do r & Ext j 188000 do l 110
oCS v" 55, »*»«n s nub 8& i<«4
JB «*•«•■.::: S* B3oool7^^ 181 8 F , 0440 44
ilHiillliSSll
I.MMIO do B<lU (ViTH rtn lO4V
3000 D.. & n r, t -„7,^ I 0,!*;I 0 ,!*;
IKiOO Pen * R G ' ft. ««*
Rf r.«... . w.k\ fiooo /«,» •••••'"■ {,„»>
1000 Det Efli»'nsß.loolil 1000 do :.'.:.'.'.'.'. 03U
8000 Sec C Bs. 79M 8000 Wab Ist 65... 1114
POOO Erie Ist Con 1000 do seF.lll 1 *
4s 85H 410«. l do R & Ext
2<mo do 85 4s 73
3CXV> do Gen 45.. 7.V* 1000 do 734
12000 do Cvt 4s 871 1000 do To 1 -;
2000 do Perm Cl 1000 do..- 72
Tr 45.... ISOOO do 72 3 i
2iX>o F W & D C 63000 do ..... 72>4
■ Ist 1134118000 do 724
2000Gr.Bay Deb 1 16000 do ..1 724
B 154|20000 do 72
4000 Hay El Ry 5s 93 ! SOOO Wab Pitts T
66000 Int-Met 4^s. Sl»» Ist Ctfs 4<>
20000 -do 81>i 4000 do 4.V&
1000 do SI 1 10000 do 45^,
S9OOO do SO%! 10000 do 2d 64
74000 do 16000 do 2d Ctfs. <n\
5000 do . ... 80% ! 13000 do «4
40000 d 0...' 804 14000 West Md 45.. 85
2SOOO • do 80% 7000 do Convt 4s
5000 Tnt R T 65.. 103 Ctfs 71
8000 Int & G 3000 Westingh S F
Ctfs 107% 5s 91« i
4000 'do 103 (22000 do 914
1000 Kan C So ss. 102 V, 1000 West Sh 45.. .102
1000 do 1024 1 1000 West Un Fnd •
2000 do 3s 73»s &R E 964
8000 L. S & M S 1000 Wis C Gen 4s 944
Deb 4s !W 2000 do 04%
3000 do 05U, 1000 d 0.... 844
Total sales of bonds, $3,697,500.
INACTIVE STOCKS.
The following were the last actual sales
and the closing quotations for stocks in
which there were no transactions yesterday
on the New York Stock Exchange:
Last Closing.
sale. Bid. Asked.
Adams-Express . 245 245 295
Am Agr Chem pref;....loS 101 105
Am Car & Fdry pref .117 11674 1174
Am Coal 120 100 150
Am Cotton Oil pref 103 101 107
Am Dist Tel 20 10 25
Am Express 285 280 28S
Am Hide & Leather 67i6 7 i 6*i 7
Am Snuff 2704 250 •
Am Snuff pref 954 05*4 P9 ! i
Am Tel & Cable S3 70 77
Ann Arbor — 15 80
Ann Arbor pref - — — 50
Bait & Ohio pref 94 J*4 94 ' i
Batopilas Mining 3 s i 3 3 4
Bethlehem Steel pref «4 63 H34
Brooklyn Un Gas 153 150 165
Brunswick 15 15 17
Buff Roch & Pitts pref. .133 " 128 138
Buff & Susq pref 62 — 70
Canada Southern '70 fIR 72
Central & So Am Tel... 119 117 119*
Central of New Jersey. .300 20« n<ni
Chic & Alton pref 70 00 tig 1 *
Chic & East 111 pref i. 115 — 11$
Chic Burl & Q 225 200
Chic Gt West pref new. 59»4 57 T 4 M>4
Chic Ind & Lou pref ... — 65 80
Chic & N' western pref. .225 200 ' 210
Chic St P M & 0 150 145 150
Chic St P M & O pref.. IRO 170
Chic Union Trac 44 4 5
Chic Union Trac pref. . . 104 10 12
C C C 4 St L pref..... 103 s * 103 10S>4
Consol Ccal »7 4 I<V> * —
Del Lacka & "W 590 — 610
Dcs M & Ft D pref f» 4 12
Det So Sh & At ...14 s * 14*1' 15 *
Evans & T H .88 56 «2
Evans & T H pref .. 82-4 SO 00
Fed Mm & Sm 82 — 75
Gen Chem Co 94 !>4 88H
Granby Mining: 112 — lift
Havana Elec Ry 93 !>SH 05
Havana Elec Ry pref.. 044 Wi 99 1 *
Hocking Valley 106 104 —
Hockins Valley pref 90 8« J>O
Ingersoll-Rand Co 70 ' !H> —
Ingersoll-Rand Co pref.. 844 95
Inter Power 30 — f,f>
lowa Central pref 47 4.1 4.".
Kanawha & Mich • 88 45 -55
Kan City & So pref ("84 68 6R!4
X City Ft S & M pref. ■ 79*4 77 SO
Keok & Dcs M •» 7^ 10
Xook & Dcs M pref 44 .40 45
Knlck ice of Chic pref. . 7<V 70 . 80
Laclede Gas pref ■ 93 90 05
Lake Erie & West 22 22 25
Lake Erie & West pref. fiOU M*4 «1H
Lake Shore R2O POO 400
Long Island «3 . 62 C 8
Maryland Coal pref $>0 50
Metrop Street Ry 25 24 234
Michigan Central — 14% 150
Minn & St Louis .'. 45 4* 4514
Minn & St Louis pref... 88 75 82
M St P & S S M L. L... 91 s * 91 924
Nash & Chatt 130 130 135
National Biscuit pref . 123 121 124
Nat Enam & Stp pref. . 95 92 07
National Lead pref 107 lostj 110
New Central Coal 52 30 60
N V C & St L. Ist pref.. 109 4 10J inj>
N V C & St L 2d pref. .98 92 fir?
N V Dock 35 81 37
Norfolk A- West pref P0 T i 88 02
Ontario Silver 2*2 * 2% .1
Pacific Coast Ist pref. ..105 100 no
Pacific' Coast 2d pref 110 ins 114
Pacific Tel & Tel pref.. 994 75 OS
Peoria & Eastern. ...... 254 22 28
P C C & St L pref 114 * 1 100 120
Pressed Steel Car pref.. 104 103 104
Ry Steel Sprlnp pref. . ..If.4 T i I'M 1 ! 307
Reading Ist pref 01 fli 03
Rome Wat & Ogd 126 121 —
Rutland R R Co pref... 3fl SO ss
Si I, ft S F Ist pref. . ... 7<>4 T9% 71
St L & VCfr X 1 ctfe. . I<f> 150 ISO
Str.*s? FC&K I Ctfspf. 120 ,— 1 164
BtLASP Cft £ I ctfa new 68 «3 6,'.
Sears- Roebuck P re ' .. Il.'I I .'" 1 ; -- |2JI
So R X M A o etf? B«4 844 90
Texas & Pac Ld Tr 88 85 89
Toledo Ry & Lipht 114 11 18%
Tol St L & West 4« 43 47
Tol St L & Weet pref. . 67 64 f,7
Twin City R Tr pref. ..145 140 im>
United DrvßOods m 11«4 |20U
United Cljrar Mtg pref. .109 109 no
IT s Cast IP4F 27 . 27 29
IT 8 Cast I P Si F pref.. 70"* 75 Si»
TIS Express 13<i ia'» i*»
TT S Reiiuc & Ref. 10 s 514
TT S Radae & R*f pref.. 'JII4 20 «m>.^
Vn-CHr Chem nref 122 112 in
"UV«fhouto-Mf*r Ist pf..ir,l IJfl ]°.',
Wheel & L X r.4 5 T i RU
Wheel & L. E 2d pref..._ 64 «4 74
BOSTON STOCKS.
(Furnished by R. L. Day ft Co.. No. 37 Wall
street.)
Jan.2<3.Jan.27. 1 Jan Jan 27.
Bos & Alb. .230 231 I Boston Cons.. 20 194
Boston El. .132 132 !Cal & Hecla.64o 640
Fitchb'c T>f..129 1294 1 Centennial M 294 "0
NY NH&H.15114 1504 Cop Range M 70 T <i 7t)
Old Colony.*l97 *19« [ Franklin M.. IS*4 is
WE St Ry.*os r- iGranbv M.... 94 •05
do pref...loT 107 ! Mass Cons M 7s i 7
Mass E Cos.»lT4 17 I Mohawk M.. ••'.. an
.do pref... 80 794 |No Butte.... 424 4ti i
Am Pneum.. RU OHceola M. 15." " 154
do nref... 20% 204 1 Old Dora M.. 454 44
Am T * T..137% 1364 I Parrot M.... lO'i 1.4
New En* 134 134 Qulncy M 854 . srt
West Tft T l' ; . 15 Tamarack M H4 tV»
do pref... 904 904 1 Wolverine M.140 140
Un Shoe m. «}Jt «<«4 US Smelter* 47', *7«
do Dr*f...*S»% 294 do Dr«f SO% BO*?
•ArrartUn M. 7% 7 s »'r s Oil .. Bfl a«4
Atlantic M. 9*4 94 Mao Car.,. 75% 784
Shimn'.n M. 15"i 15 do pref.... 04 94
Unit Fruit, 'no 170 Utah 41 304
~»A*ll.e<U
OUTSIDE SECURITIES.
After I generally strong opening, with
the leading copper stocks, showing gains
of M to a full point over the previous
closing, the market for outside securities
developed a reactionary tendency on
heavy liquidation by traders. This re
sulted in the loss of all the early ad
vances, while in many cases P" o .*?
dropped below the previous final. The in
dustrial list, as a rule, was quiet -and
heavy. American Tobacco lost J.P 01 "™-
Standard Oil was up 3 points, while Chi
cago Subway was lower in the offerings.
In the mining issues Boston Consolidated
Copper. Miami. Nevada Consolidated.
Greene-Cananea. Chino and ■ Giroux Con
solidated after early strength ■ developed
weakness. In the lower priced issues
there was a fairly good inquiry for Union
Mines and Consolidated Arizona Smelting
within a fractional range. . Ely^Central
was heavy. The silver issues were quiet
with small fluctuations. Bonds wete
quiet and irregular.
INDUSTRIAL.
Sales. I"' • Open. High. Low. Last.
7S Am Tobacco... 4oo . 400 390 390
MO At G & 1... 10' i 10% 10S JO 1 ,
■250 Stand Milling . 13 1* ]'. ,g..
60 Standard 0i1... 643 C 43 ; 64^1* b4OU
700 U S Lt & Heat 2*» M 2U 2rV
380« do pref....... 88 1 * ■* 8 8
RAILROAD.
100 KCM. & 0. . . 21 7 » 21 % 2t> 21 Ti
200 So Shore Trac. 53 M 52 »
MINING.
12.000 Bosfon "copper*. 20*4 20^ '7 -0
12.(XX» Boston Copper. 20% l'O 3 » 13»4 -O
10.000 -Bovard Con... ::'» 4'i TO ;:;*L";
700 Braden Copper. 4*» 4H 4 A Jf*
800 Brit Col Cop... 7H 7*i i'» ' l *
2.500 Butte Coalition 27» 27ii 26 26
4.700 Canadian Mines s?i 6 «'♦ » *
1.200 »Carisa 50 60 50 ■»
10.000 Chino Copper.. ISM 13 T i 12 * »JI
20.000 'Cobalt Central 16 10 l i 15 13 a
1.000 Colonial Silver. ?i 9» A A
2.000 'Comb Fraction 33 33 32 32 '
3<JO 'Commercial i.. 51 M 51 , f'l
7.000 Con Ariz Smelt 3 3 2?« iii
12.000 Ely Central.... 1A I*4 l l?r>*P';
16,000 «Ely Con U II '» „'»
500 El Rayo 2f* 2*» 2 e » 2?»
700 'Eureka Con... 27 27 27 2.
450 First Nat'l Cop "• ts'i 5 t»«J«
3,210 Gila Copper.... 0 ?> , *'^J ,»7*
8.000 Girous 10% 1O'» »*♦ 10^
8.800 Goldfleld Con... 7*» "*>'*■ ''* "; ,I ? »
4.000 Gr-Cananea ... 10»i 10** »;• 10
8.70 D »Groenwater .. l«'i 10b 1^ »-*
3,400 "Harcuvar Cop. 60 6f) 50_ t>o
1.000 Inspiration Cop S 7 * OH 8;4 0,.
6.000 Kerr Lake Or 1 * Oft 8'» ;^ 8'»
100 King Edward.. A A A A
S'JO La Rose Con... 44 1 * 4'» 4, 7 « 4 A
1.000 'McKin-Dar ..SO 80 80 80
300 Mason. Valley.. 2 A 2A 2^s --»
0.500 Miami Copper.. 24 ' 3 24 * SBfi 24
100 'Mines Co of A 50 ■• s<» 00 ,,
1.200 New Baltic Cop 134 13' i 13>i 13^
5.C00 Nev Con Cop... 24 24 23* 23 l
300 Nev Smelting.. 7 » II '» H
3,000 Nev-U M & 3. 1A 'A 'A I' 3
■ 1.000 Nipissing Mines 10H lO 10 10
1.200 Ohio Copper.... 4*l 434 3 4A 4 A
2.750 Pacific Smelt. 114 1 l i 'A" I *
500 Precious Metals 1H II 3*3 * ll 141 4 1H
3.000 'Rawhide C'l'n 15 16 15 15
4.000 Ray Central.. . . 3*4 3}l 3"» 3H
4.500 Ray Con 23»» 24 1 * 22? i 23' i
3,000 Silver Leaf 11 11 11 It
100 Stewart 14 II ti ' - »
3.-0 Super & Pitts.. 14 14 14 14
6nO Tenabo M & S. 2'i 2 A 2l2 l 2 A
550 'Tonopah Est.. 75 75 70 7O
1000 Tonopah Mm... 6H 6 s i 6% 6\,
2.700 'Tramps Con.. 74 7'i 7 7's
1.700 Tri-Bullion ... IrV li 1 * 1A tA
750 Tulaxosa 1 l i • 1A II 1 * ' *4
700 Tuolumr.e Cop.. 3>» 3'» 3 -» 3'i
2.000 Union Mines... 22 l * 2'» 2 2
200 'United Rico... 18 18 IS 1«
4.500 WVa Wyo Cop t% 2tV 22 1 * 2A
275 Yukon G M ... 44 343 4 4^4 4»4 4*4
BONDS.
$2,000 Ems C Ry 6s. . SO S9 S3 S3
20.000 Chic G W 45.. 904 PO'^ 90H PO
20.000 Lack Stl deb 5s OS's 95's t»o'a 05>i
10.000 do con mtg r.s 85 l i Ss»i 85 l « 85 1 -*
25.000 "W>st Pac 55... 97 H 87 97 4 97S
•Sells cents per share. fOdd lots.
CONSOLIDATED EXCHANGE.
Heavy, selling was in progress from the
opening of business on the Consolidated
Exchange. Floor traders were bearish and
their selling assisted materially in bringing
about early unsettlement. The lack of
vigor to the rallies prevented the shorts
from becoming nervous, and it was not
until the later afternoon that there was
any decided movement to retire bear con
tracts. Then, for the first time, prices ex
hibited relative firmness compared with
quotations en the New York Stock Ex
change. Business for the day was heavy,
distributed among sixty-three different
issues. United States Steel common was
far ahead. of any other stock in volume, its
total being 74,460 shares. High prices for
most of the leading issues were 14 to % of
a point under the top figures of the other
board. Reading did not sell above 157 H.
against 157*4, but its low was 154 I*.1 *. against
154. Copper's high was 83^, against 83 5,
and its low SO%. against SOY . The range of
Union Pacific was 18714 and IS3^, against
•187% and 183 U. Steel; common did not sell
above 84. against 84 1 -i- ' Detailed operations
follow: " • • .
STOCKS.
Sale?. Open. High. Low. Last.
lOAllis-Chal ..... 12Mi 12*3 12' a 12^
12.170 Amal Copper... S3 ! * S3H SO* 81*
160 Am Beet • Sugar 36H 36*» 36 36H
SO Am Can ll*i 11?» 11 11
450 Am Car & F... 64 ' a M'j 62 7 » 63 ? i
50 Am Cot Oil 62' 4 «2 4 61 61
40 Am H & L. pf . 39 39 M »>
SO Am lea 21* i 22H 21»4 21%
SO Am Linseed ;4 i 14 Vj 14^s 14*2
20 do pref 51 51 51 61
100 Am Loco 52Va 62 l s 52 Vj 62^
10 Am Malt pf 35 l i 35 l 3l 3 35 l 3l 3 3o L a
O.3SOAm Smelting... 93»i 93** 90 4 * 62=»s
130 Am Sugar 121 122 120 1 i 121 *
1,260 Anaconda Cop.. 52*s 52S 50H 51 's
1,200 At. Top & S F.ll6 1 * 116 7 i 115% 110 *«
140 Bait & 04ii0...115*i 115% 115 115 1-*1 -*
CSOBklyn R T 73 l i 73^i 71 > 3 72-»«
110 Cent Leather. . 40*» 40*s 38% 30%
510Ches & 0hi0... &3 1 ! S3>» 81% &3"-4
2OC. GXV new... 32 32 30*« 30**
8,380 C! M& St P...147 1 * 147"* i 145 * 147 4
8.660 Col F& 1 41H 41*» 35 787 8 83*
1.5&0 Consol Gas 144*» 144»s 141 142^
50 Corn Prod 10 1 * 19' al9 19
10 D & R G...... 414 41^ 41^ 41
•SO Dist Securities.. 32 32 * 31"i 32
330 Erie 29 1 * 20 1 * 25?4 29H
100 Gt Nor pf 134 1 * IS! 3*3 * 133 * 134
10 Int Mer M pf.. 20=2 20^ 20' i 20H
7OOlnter-M*t 22 22 1 » 21 ' 4 21^
2tX> do pref 5« 56 54 »* f«5
20 111 Central 143 143 143 143
tin Kan City 5?0...35«i 3S'a 374 38' a
470 Mo, K& T 42% 43 41 *i 42 *
130 Mo Pacific CO l^ • «9»i 67»i «7»4
200 Nat Lead .. fc3H S3 1 * S2 1 * S3
SlO N V Central.. .llO »» 119 1 * 117&* llS l^
60 N Y. O & W... 44'j 44 T i 44 x 3x 3 44 1-.
3t»Nor Pacific la'iS 136 134 135">»
90 Pacific Mail 32 33 T » 324 23*4
4.l?oPenn .188% 134 I ** 1324 134 l «
20 People's Gas. ..109's 108 l*> l « 1094
170 Pitts Coal. ... 21 's 21 '» 20 1 * 21
50 do pref «04 «3' 3 TO' 3 69^
50 Pr Steel Car. . . 43 43 43 43
50 Ry St Spring.. 43 43 40% 41%
82,660 Reading 157 1 i 157*5 I.M 1 * 156^*
10 Rep Steel 37 * 37?* 37?* 37**
310 Rock Island:... 41 7 42 4O l a 41 's
40 SL&S F2d pf. 52 * 52»i 52** 62**
6,860 South Pac 129 V* 129U 126*» 127*»
230 South Ry 30 30 2S 8 * 2*) 1 *
Tern Copper.... oii'^ 34' 3 34 1 i
20 Texas & Pac. 31 1 * 81% 314 314
'44.630 Union Pac 1S7 1 * 1&7 1 * ISS4 ISo
140 U S Rubber. ... 43 a i 43 3*3 * 42 7 i 42 7 »
74.460 U S Steel M S4 Sl»i S'"«
120 do pref 1224 1224 122 122H
110 Utah Copper 54' i 54»i 52 M
210 Va-Car Chem.. 514 514 po«» BOH
120 V.'abash 20 7% 21 20% 20* i
300 do pref 4SU 4>«4 47'» 47»»
203.T00 Total sales
MINING.
800 Atlanta 11 .11 11 n
1.7,"0 Comstock 31 .31 ,30 '30
1.200 Comb Fraction .32 .32 .3*» IS
2<>oCon Va 1.70 1.70 1.67 4 167 4
oDOGoldf Con 7.374 7 3714 7.30 7.30
SOOGoldf Daisy... .OS .US .04 OS
2.100 Jumbo Ext 24 21 .214 .2"'H
200 Mexican 1.70 1.70 1.70' 1 70'
1.4.10 Midway 25 27 25 '•>-
120 Ontario 2.75 2.75 2*75 "'75
Sim") Ophlr 1.05 105 195 IV.
100 Tonopah 6.75 ti.7."i 6.75 675
300 Tonopah Ext.. .74 .74 74 '74
500 Tramps 074 .07 074 *074
400 Union Con SO .so 70 '70
300 "West End 24 .24 .••! *"'i
10.220 Total sales.
WHEAT.
Sale?,
bush.
825,000 May opt lon.. $1 10 H $1 114 $1 10H |1 !1 ?i
PUBLIC UTILITY SECURITIES.
(Furnished ;>y Williams. McConneli & Coieman
No. M Wall street.) mani
Am Light & Traction ™i' A*sßd"A *sB d "
do preferred 104 loa
Am Gas & Electric 431: i ■-„
do preferred \ 43 44 *
do first Os ,srt <jo
Denver Gas & Electric 150 ,i»
do general 5s 94 '^S
Empire District Electric. ' !'.! '. 31 ,2
do. preferred 74 S
do bonds ....*. 75 -7
Lincoln Gas & Klectrlc ...[ •>Ji .',.,
Pacific Gas & Electric.. ,v» "
do preferred 57 g,"
PHILADELPHIA STOCKS.
(Furnished by Charles D. Barney & Co. Ha M
Broad street. New York, and No l : -» south
4th street. Philadelphia., bouth
HI. I Asked. I Hid a«u«i
Am Cement. .7 . 2S Leh Val R mil; 101%
Am Ry Co.. 47 474 Phi la Co V)i» '.{ 4
Catnb Steel. ■ 4l».» 49*» do wSflv^S? Si
CTrofN J77 77 >4 Perm It RCo67 4 r'-i
El Mar Bat. 57 468 Perm sUI pf \lU s 115*
El Co of a.. ■ l -\ • 12 ; Phila El Co.. 14 14.;
Gen Asphalt 80% SO% Phlla Rap Tr 25»; 98
do pref... M 81 SmokalMi p. 14 T5
I '1° of Na 23 MVi Union Trac. . BOM 51
Uike S . „ri» 2Pi •_'.', Un Ga- Imp. SK 83«
1.. I. NavJg.,llß. 110 Welsbach .V. 20 3,) *
BONDS.
A R cony Bs 05 0,-»«s Phlla Fl in 7%»1 -a
El ■ Pap 4a 01 . !,2 j dos.T' 1 S iv. ' MS,-
N J con 55..104H 105 Aco^vhj
GOVERNMENT BONDS.
Tha follow ing shows yesterday's closlns
quotations/for govornment bonds, com
pared with Wednesday's:
— Jun. 20. — —Jan. 27
ir s «. r .'. k,a llld - A»k*d. Hid. Aku.-,!
v: If: . ffiS ii
' . 15% 1»% S?
i°mi»in»2 8 . cuup.. l'M6 100 •- g| ,1
Ex6CUtor Chartered 1822 * , Tmt< *
The Farmers' Loan and Trust Company,
Nos. 16, 18, 20 & 22 William Street
Branch Office, 475 Fifth Avenue,
New York.
LONDON, 18 Bishopsgate St. Within- PARIS, 41 Boulevard Haosna^
Travelers' Letters of Credit. Foreign Exchange.
: Administrator Guardian
Thompson, Towle & Co
Members of New York. Boston. Chicago Stock Exchanges
50 Congress Street Springfield 25 Broad Street
Boston Mass New York
We are issuing a special 48-page book covering all dividend paying
stocks in Railroads. Industrials and Mining lm« wiA-h
garding each company; also, a special letter on Massachusetts Electric
(the rir*t of a series, covering New England industrials, street and ««■
railways), either of which will be mailed upon application.
CENTRAL PACIFIC RAILWAY COMPANY
Three & One-Half Per Cent Mortgage Bonds
Notice is hereby given that, pursuant to the
provisions of Article Nine of the mortgage
from this Company to the United States Trust
Company of New York. Trustee, dated August
1, IS9O. this Company has set apart out of tha
net income derived by it from the lines of rail
road therein mortgaged the sum of Twenty
five thousand dollars in trust to be used to re
deem said bonds, and that bonds issued under
said mortgage will be redeemed therewith-
Bids are hereby invited for the surrender of
such bonds at prices to be named by the bia
ders. to the amount of $25,127.77 In the Sink
ing Fund. _
Such bids should be presented to this Com
pany at its office. 120 Broadway, In th* City or
New York, on or before th« Ist day of Febru
ary 1910. at twelve o'clock noon, and. should
be endorsed "Bids for Surrender of Central
Pacific Railway Company Three and One-half
Per Cent. Bonds-" !^«™"/ii£ii
CENTRAL PACIFIC RAILWAY COMPANY.
By R. S. LOVETT. President.
New York. December 31. 1000.
PERSONAL TRUSTS
Executor, Administrator, Guardian,
Committee. Trustee under Will or un
der appointment by Deed, Agent for
the care of Personal Property.
Thi 5 ; class of Trust business solicited.
FULTON TRUST GO.
OF NEW YORK. ?0 NASSAU STREET.
NO other form of Investment gives
so much comfort with so high
a return as our guaranteed mortgages.
PO)ID^Of(T(iA(iE(iIIAI?ANTEE( O
Capital 5 Surplus - - *7,500,000
1 76 B*way. N. Y. 1 75 Rera»en St , BTdyn.
330 Fulton St.. Jamaica.
Irving National
"^^^^^* Exchange Bank
Strictly a Commercial Bank.
Resources Over Thirty-one Millions.
West Broadway and Chambers St.. New York.
FREO'K F. MARQUAND
Member of Consolidated Stock Ex. <f N V
Tel. SC3O Broad. 35-37 Broad St., N. Y.
STOCKS AND BONDS
For Investment or on Margin.
FRACTIONAL LOTS.
BANK'S WEEKLY RETURN.
London. Jan. 27. — The weekly return
of the Bank of England shows" the fol
lowing changes; Total reserve increased
€730.577, circulation decreased £259.250,
bullion increased £440.857. other securities
decreased £331.189. other deposits de
creased £682.200. public deposits increased
£877.523, government securities decreased
£95,345. The proportion of the bank's re
serve to liabilities is now 51. 50 per cent,
against 50.50 per cent last week, and com
pares with an advance from 46 per cent
to 4S per cent in this week last year. The
rate of discount is unchanged at 3H P*r
cent.
" . BALTIMORE STOCKS.
(Furnished by Van Schaick & Co., Nt 7 'Wall
street,
Bid Asked. I Bid. Asked.
United Ry. . IS 1 * 14 Cotton Duck. 6 7U
do incomes 5S>"» 60 do incomes. 22 25
do 4s .-*« SG'i 'XRy&L. 5s 97 <*' 3
GB& SV T I 22 1 * !Lt & Pow pf $2 Si
do incomes — ■ 8 '> do 4"is 92 ot
do lsts 36 42 Ch CRy 5&. . 100 105
Seaboard Co 24 l i 25 l : Ch CEI ss. 90 93
do Ist pf.. 75 SI Cont Trust. ..2ls 222
do 2d pf . . 44 H 45*4 Union Trust.. 70 78
Scab AL, 4s S3 1 * S4 1 *! Third Nat B 115 130
do 10-yr 5s 904 99 7 » Fid & Dep...153«i 154 1 ;
Consol Gas.. — 105 Maryland Tr. — S5
do 6s 100' i 100 Nor Cent Ry. — 12*
BOSTON CURB STOCKS.
(Furnished by J. Thomas Relnhardt. No. 35
Broad street. New Tork. and No. 54 Devon
shire street. Boston.)
High. Low. Last-
Bay State Gas 36 31 3-'
Boston Ely 3 T i 3*i 3 T i
Cactus Development .... 5-fV ."> 5»
Calaveras «A •"■", «'»
Champion 10 S' s 9'
Chief Consolidated 2*4 2 2
China 13' 4 13% 13
Corbin Copper 11 Irt -ft l !
Eclipse Oil 11 11 ti
First National Copper... .%*» ,1 5
Gila Copper <> SH S*i
Indiana 35 2S l a COS
Lake Copper 77 l tf(> «iV- 3
Massachusetts Coal .... l-\ Hi \u,
National Mining Explor. ."\s ,v; Ji7
Nevada Douglas ." 3 3 .•?
North Lake. M 14 . M< 4
Oneco I rt-** 7«»
Haven Mlnins: 62 fin *>
Sonora Mining and Dev. is it, \:,
South Lake 10 v j <» n
Southwest Development. »■ J» -^
Superior and Globe I "« . 1J(, i ".,
Vulture -'. gil S\
"vVlltet Silver Mines. . . d « ' «
Vuma i,% r, i,\
COBALT STOCKS.
(Furnished by Warren. Gzowskt & Co.. No. S3
Broad street.*
*- '' '.'p. Bid. Asked. I F!d. Asked.
Amalßamat.. 1 * T'« Km !.ak-- MO «)ot> •
Bailey 9 l a o*4 l La Rot..- 4«.. -m*
Heaver Cons 32 32** I Little Nlpiss. 27^i -S
"tit six .; a (McKinlev ... 7!> SO
RufTalo IS 250 i Nancy Helen. 13'; *.Vi
< liamb-Ferl. ;i« 3»»*i I Niplssing ... It'. 1 , '.i>>,
'" of Cobalt. 47 131 3 4H [Nova Scotia.. SO* .i:.' 3
'nhalt Cent. 15'? lrt l 2!Ophir 7tf —
Cobalt I^ake It.** 17 lOtlsse .. 12 12>i
('onlagas ...;>^ SBS (Peterson L. .. 22 i 2.T*
Crown Rcs..3of, SM (Rochester ... ITS 17H
roster I'rt 2?> (Silver Leaf..: 10*4 11
• ••lff,, r ,I 15 157 i Silver 8ar.... II IS»,
««t North in 0 10 I Silver Queen." 10 2«>
Oreen Meeh. ft\j 10H|TemUkamlng. 54H W
tin lv.ll Hay . HO iTrethewey ..130 140»i
J Rljck 12 l 3l 3 14 Wans 14 I J
COLLATERAL TRUST NOTES.
Maturing MM 12.
IFurnlshed by Swartwout & Appenteltar. No. 40
I'm.- it.)
v Approx.
N«ni«. Maturity. Bid. Asked, yteld.
Am Cigar 4r o. Mch 15. 1011. ••'- , p<»i MX%
+4V c. Mch 15. 1012 W\\ 07^ MO
At coast Upp. Mch. 1010.. 100 I00?i 3.P0
1" It Steel .« pc. Nov. I°»4-- |H Ml 6«»
„," ?V• 111 1 c » Jul >'- l'-'i - M•% 07 Vi 455
I. 1 '„' bt . v ?. p c - June. VJII.IOOH 101 4.20
i* U T>T lp , 4 '» P c Jul >« »022.W1V \. .\ 4.15
I"". Rub 4V, PC. J,,jy, 1015.. .... -„ , 9.30
Hudson Co« 6p c. Oct 15. 1011 904 lOon 4.7.%
X^ T J\ T^ PC « Ma > - " ""MOBS' 104U 390
X,,''K „'' J 1 &L.« pc. Sept. 10r.'. Ort 97H «-2«>
Lnrfc B « P i C i May l - 1013 M PT 5.5rt
Lack JO »5 yr\ 5 ■■ c. Men 1010 09 N K»<i , , „.
!*?«»•"> 5,0 0. Mch. 1010.. Dft'i iWU .«.»
Loul^ T« v* 5 ° c « F(?b . HMO.. DOTi 100U 4.40
™ ' C»HIS( - Feb. 1010. tt ,
nY i^ Wv? * % Nov -;' ft -'l«-4.4o^O4.in«- s basis
"»SHtHJpc, 1010-1 2.1 00 101 s i
THIRD AVENUE
Railroad Company
REORGANIZATION
TO HOLDERS OF CERTIFICATES 0#
DEPOSIT ISSUED BY THE CEN
TRAL TRUST COMPWY OF MEW
YORK AS DEPOSITARY U!fDEa
THE BO.VDHOLDERS* AGREE.
MEXT, DATED NOVEMBER «,
1907. FOR FOUR PER CE.TT.
FIRSTCOXSOLIDATEDMORT6AGI
HUNDRED YEAR GOLD BONDS
OF THE THIRD AVE.VUE RAIL.
ROAD COMPANY.
NOTICE IS HEREBY GIVEN* to tie DR.
POSITING BONDHOLDERS ._. HOLD.
ERS OF CERTIFICATES OP DE
POSIT ISSUED by the CENTRAL
TRUST COMPANY OF NEW TOWK
AS DEPOSITARY, coder th^ Boaaaltet*
Agreement, dated !fi>Milwr *, 1907. b«*»t
holders of the aboT« nseatloned Ttm ttt Cnt.
First Consolidated Mortgage Haadr*i lit >loM
Bonds of Th'» Third AVenue Railroad Co*
P*dt. as parties of the first part, tad Jtata
N. Wallace and others. Committee, v SMks
of the second part, that pursuant ta tat tern
■nd provisions of said Bondholders' Apwsest.
the nnders!gn»<l Committee has prepaid iM
adopted a Plan and Agreement of Eeorpaia-
Mon. dated December 2. 1909. and tea Mart
a copy thereof with the Central Trust Caasaat '
of. New York as Depositary.
As provided in said Bcndho'detV ipwont
»t November 9, 1907, to which ttiKtan 1
hereby made, holders of certificate* at *aaatt
of the Central Trust Company as Deject*:?
mar assent to said Plan and Agreeant 4
Reorganisation cither by filing with said D*
positary their written assent thereto. fftdfttsS
the date and number of .the certificates held tr
them, or by failing, within thirty dajs afhr
the completion of the publication of tils srtk*
to file with the Depositary written aottc* 4
dissent from said Plan and Agreement. speeUr
!Dg the date and number of the certificates i»y
by them. Such dissent must be filed 03 "«
prior to February 28. 1910. with the Dejetittrj
at its office. No. 54 Wail Street. New Tort City.
Said Plan and Agreement of BcorgaalJUkat
will become effective and blsding open all Or
tificate Holders and will be finally and coadt
sively deemed to have been assented to by all
Certificate Holders unless within thirty tor*
after January 29. 1910. the latter bei=s ti*
date of the completion of the publication aftwt
satd. one-third In amount of the Certileas>
Holders shall file with the Depositary wdtMß
notice of their dissent from said Plan and Astee
ment of Reorganization, the notice of <£ss«t
filed by each Certificate Holder specifying ts»
date and number of the Certificates held by slsv
Printed copies of said Plan and AgTL«a*at d
Reorganization may be obtained by Certiataai
Holders on application to tie Depositary it :•
otic*. No. 54 Wall Street, New Tor*.
Dated New York. January 13. 1910. •• >
JAMES N. WALLACE.
ADRIAN ISELIN.
EDMUND D. RANDOLPH,
MORTIMER L. «CHIF»\
JAMES TIMPSON,
HARRY BRONXER.
Bondholders' CommlrtMi
THIRD AVENTE
Railroad Company
REORGANIZATION
Notice to Non-Depositln?
Bondholders
TO HOLDERS OF THE FOI'R PEM
CENT. FIRST CONSOLIDATED
MORTGAGE HU.VDRKD YEAR
GOLD BOXDS OF THE THIRD
AVENUE RAILROAD COMPANY
ISSCKD UNDER ITS .MOUTGAGB
DATED MAY IV 1000.
NOTICE IS HEREBY GIVEN to tie 6jU»»
of the «boTe-aent!oae>l Four Per Cect. *"*
Consolidated Mortgage Haadred Tear CjU * *
of The Third Arena? Railroad Coo?«ay \S***
under Its mortfag* dated May 13. 190* &*
pursuant to a Bondholders' Ajreeaent. 4»t*?«
November 6. 1907. entered Into betwe*a ceraJ*
tellers of »«ld beads, as parties 01 til* 2^
part, and James N. Wallas an.! otters. Csa
nlttee. as parties of the MMd part, to ••*■
Bondholders' Agreement reference '» o*J*. ■•
all its terms and previsions, a Plan and ■»■*•
ment of Reorganization, dated Dec»xl*r i
1909. has been July prepared and adopt*« **
a copy there* : duly lodged wita t!» CM***
Trust Company of N>w York as IVpwls* l ?'
Printed copies of such R^odhoiJers* ASt&V*
and of *a:J Plan and Asreemeat of Reor^sU*'
tion may be obtained at the office of **1* ■*
positary. No. 54 Wall Street. New V-ri. !
Holders of saM Four Per Cent. Flnt O»-
Ida fed Mortcase Bua.Jr«l Year Go!* ■•'
of Th* Third Aveaue Railroad CotapaW ■ '
have not jet .Vtv»'te.l their N>b<J» "•**_*?
aforesaid Bondholders' Agreement •■' No»»«^*
C 1907. ar» hereby notiaeJ lhal £*T. ■»!
without penalty, beoam* parses to »•*• *•*
B.>n-lbo!.Vr-»- Asreement of No»en:ber *>:'**i*J
an.l entitled to avail at tb« 6*** l *
«ald i'!an and Atreemen! of I>.>rs-»n!sat;ea. *f v
depositing; their boa.!* with tbe coupon *'*
try I. 1903. and all subsequent wupi>«* •*••
panylns the same, with the Central Trust Ceo"
pany of New York, as Depositary as «*« ** 1 ! >
on or before February IS. HMO. ami *«* * (
posit shall be deemed equivalent to the t&i* "
written assent to »*ld Flan aoJ A »" J^^
Reoixaniiat!>o BonJs »o deposited *^?^|
after be held by the Depositary tot ******_
the Committee, subject to t&e terma ** !l^ #>
Alstons of saM Bondaolder** Agrewteat *' |
member «. 1007. and said Plan •** Ai« it-^J
of Reorsaaixatios. at fully to all , tatt "?*U
purposes as if heretofore deposited.
Dated New York. January 13.- 1010.
JA:iES >. \* VI 1 M '" i|
ADRIAN ISELiV. , }
EUML'.VD D. RA>OOtPB» -J
>ioui i>ii v L. <ic ui :•'■••
JAMKS TIMPSO.V.
HARRY BUOVXEH. {
Nor A \V 5p c. May. 1910. . . •««*>'» *•£,* \i*>
Perm nlt ftp c. Men 13. 10W. l«> * l*>
StL&SFSp«. Jen. Ml » & < i«
do 4*a Pc. Feb. 19V- £*_ ,&>: »*♦>
Southern V.y 5P c. FMvtVxb.-«»T. Kg * i»
TUWater 6» c. June. 1013. -.WIH *f *A *

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