OCR Interpretation


New-York tribune. [volume] (New York [N.Y.]) 1866-1924, November 26, 1910, Image 14

Image and text provided by Library of Congress, Washington, DC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83030214/1910-11-26/ed-1/seq-14/

What is OCR?


Thumbnail for 14

14
FOR SALE
HANOVER NATIONAL BANK
PEOPLES BANK
FOURTH NATIONAL BANK
BANKERS TRUST CO.
CLINTON (.11-BEKT,
c '-' WAIX ST. ______
1852 191°
Jas. B. Colgate & Co.
86 Wall St., New York
DIVIDEND NOTICES.
it.i, CEXTRAI. B.ULWIV COMPA.VY. t
Coupons due December 1. I" 10 - J^i b« T^ld
Uortsas* IK* bend* of thl« oo™^' J, l^^
m and after that date at tbeoSl « <> V.'w .*££_
:.V n ti:« Trust Co.^ni^j "^-^^ Jur^.-
MONEY AND EXCHANGE.
V.. NTV M-\r.KKT.-Mcj>ey on call opened
■ 3■■ «€-■ cent Time money was easier,
45i4t ' t>er cent for all periods from six aa., s
J^tlf Months. Mercantile paper was
bo^St moderately here and e^ewhere
»-♦-«. BUGS per cent for sixty ua-s in
dorled Wllf livable and choice four to
vix months* elngle names; €S*^a for others.
FOREIGN EXCHANGE.-The foreign ex
change market opened strong at an ad
- v ei : e Q^,ted at 5.20 less 3^.f g
1-22 and short reichsmarks at &4 10-16®
SI 15-16 plus l-€ 4. After advancing to 4.&r£
for demand sterling, the market receded
from 10 to IS points in the afternoon.
<'al>les were quoted at 4.5G60ff4.866a k demand
Fterlinsr at 4.hei»44.5615 and sixty-day bills
at [email protected] Short francs held around
£, 20 less .-it, and short reichsmarks 34 15-16.
Bankers' posted rates follow:
Sixty days.-I>emsina.
Eterltog 4.53 ta
BtSstem. franca 5.22S T«2
• mar* i 1i 1 - 1 :* riSs!
. francs ""^ 11-?1 1 -? i.t"
Ho:!a.nJ. gullfiers S3:» i 0 +
DOMESTIC EXCHANGE.-Boston. par;
Chicago. 6c discount; San Francisco, sight
j-er, telegraph Sc premium; New Orleans,
commercial iV>g'7sc discount, bank $1 prem
ium: Charleston, buying par, selling 00
i-remium; St. Louis. 6c premium bid. l*c
premium asked; Savannah, buying 3-16 c dis
count, selling; par.
BANK CLEARIXGS.-Nevr Tork. ex
rhanges $3&5.73Ct.7"H balances $14,4^.. Bal
t'mt.fe. exchangea 56.05L595. balances *E?CI
■4.. Philadelphia, exchanges 527.i-»S.4^o. bal- :
ar.ces ■.•-,-- Boston, exchanges $27,29*,- 1
Tii, balances 51.4i3.312; Chicago, «xcluirises j
S;«\]«.o97. balances J2.255.119. j
SILVER MARKET.— Commercial *ar Fil
v,r. sßfcc; Mexican silver dollars. 46c; liar
tilver closed in London at iS 6-16 d. a de
cline of -sd.
GOLD PREHIUII.— In Madrid. 6.»; Lis
bon, S.
MEXICAN EXCHANGE. -Mexican ex
change on New York is quoted at 2JHfc.
FOREIGN FINANCIAL.
London. Nov. £L--Consols early to-day
- ere % higher at 79 1-16 for money and
ZSX for account, but reacted later, closing
unchanged at » 15-16 for money and ec
t<>'3nt Anaconda was unchanped at «••>.
Canadian Paciric »* higher at HBifc. Grand
Trunk was 2-5 2. . .
Money and discount rates were somewhat
easier to-day.
•;•;.. stock market was more cheerful. Re
r.-::;iK news from Mexico and Brazil
caused an improvement in most or the o©
l^artments. _ . .
American securities opened steady, but
trading was light and price changes were
confined to small fractions. The Wall
ft reel opening was colorless, and the mar
ket \\ as dull and featureless until tiie cloa
"^all money in London. im*i per cent ;
orea market discount rate for short bills,
4- 4 per cent; loner bills, i%tMV> P«r cent;
Berlin discount rate. 4-">8 per cent; Pans
discount rate, 2% per cent; Paris exchange
en I^ndon. 25 francs SI centime: Berlin
exchange on London, 2." marks 4S*4 pten
nigs Bar gold, 77s Sd. and American eagles
Paris. Nov. 2T..— Three per cent rentes
closed 7 1 * centimes lower at 97fr. £5c Pnoes
generally held Brm on the Bourse.
Teri^n Nov. 25 Prices opened firm on the.
Boerae to-day. Later the market reacted.
and closed weak.
TOREIGN BANK RETURNS.
lx>:idon, Nov. 25.— The -weekly return of
the Bank of Kngland shows the following
chances: Total reserve Increased £59.,035.
circulation decreased £2:0.0:*, bullion in
rreased ■ 7.015, other securities increased
£177 t CI other deposits increased £1,566.096,
IfUhUc deposits increased £1.1i5.055; govern
m«rt ritiea unchanged.
The iiroj'ortion of the banks reserve to
liabilities is now KLSO per cent, against
E2.W i>«r cent last week, and compares
with a . line from E6.9Q per cent to 00.^
rwr cent in this week last year. The rate
„f discount is unchanged, at 5 per cent.
The checks cleared through th*> London
lanks for the week agsregate £241,510,003.
compared with E221.5M.000 In this week last
year.
Paris. \*ov. s.— The weekly return of the
Bank of France shows the CollowinK
<\ aiip^.s- Soxes In circulation decreased
01 *•".■*»* franca, treasury deposits Increased
?,,ir.:..(t(V» francs, general deposits increased
74 650 008 francs, gold in hand increased 1,
«CS COO francs silver In hand increased 1,-
K.'V<i»i frai >. bills discounted Increased
21 r.:;/*"iO francs, advances decreased 2,625,<XK>
Ciancs.
Berlin. Nov. 15.— The weekly retwra of
Vn" Imperial Bank of Germany Fhows the
follotring changes: Cash on band Increased
6S^SG.OO9 arks, loans decreased 19.332,000
marks discounts decreased -• W9.«« marks.
treasury bills decreased 19.T82,<»8 marks
n«:J'-s in circulation decreased 77.«4*.«00
m.-rk--- deposits increased 6.5.057.000 marks,
pri'.d on hand increased 47.0 4 - 1 marks.
CONDITION OF T?w\DE.
Bradstreefc sayp:
Demand for holiday ?oods is becoming
more prominent and developments in this
rt-^i-ci iirv responsible for whatever ex
imnston iias occurred in trade this mum.
Ni'Ve]ti*-s. jewelry and such articles as are
appropriate to the season are In good re
<iutst. and the consent-us of reports indi
cates that trade is in excess of last year's.
Hut. on the other hand, trade in general
bas become more irregular. Thus reorder
ing from jobbers tends to wane as the sea
i-f.n I>>: inventorying approaches, and con-
Bervatisni sriD acts as a check rein on pur
(Uhin; for spring account. Moreover, re
tai: tr;)<i.- reports seem to have lost some
of the relative activity di.-played last week.
For instance, the South as a whole reports
a certain degree of betterment, due prob
jihly t<« the Kood movement of cotton at
Juk!i prices, while warm weather hampers
distribution of seasonable merchandise in
the Southwest: but in the Northwest trade
i> qt:*te active, save in North Dakota.
wrbere the cro:is were short. In the < "«-n
tr.-il West trade shows a flight increase,
hut in tli«- East the turnover is disappoint
1;,.". Consenatisia in ordering for future
delivery Is risible in mo^t sections, and re
tail trade In the far Northwest Is hardly
til> to «*;:<■' tati<tns. On the Pacific Coast,
i.owover. trade is £ood.
Dun's Review says:
Bu>£&c£S moves alon^ lines of safety, tho
ab££nce <<f circulation making the EitU
ij'.Kjn ai)i»<>ar duller than it actually is. The
volume of transa-ctions. altJioj^n by no
lr;*-ans a.^ large as it might be it expanded
to r nl l >;>erii limits, is nevertheless *u:ii
rfently liiv^e to kee;> the- great body of
vorkxnen occupied, so that the average
„: prosixalty i^ fair. That the ma! of the
}.(-<. jilf- «-:ilI haw spending powvr \t evj
cier;<<'J l»y the hojteful a:iticii»ationr eon
ceriiins ihe holiday trade now opening.
There l£ still, as (or some time past, a
•wide difference of conditions in the va
rious h«-«t>o!it and the various trades, some
lteiri^r more active than others, and this
makes the situation :ipjif-:ir somewhat
mix.-f!. The iron ar.<3 Eteel traie Still lacks
the ."-timulus of larse railroad buying and
continues very quiet, whiie the railroads.
although reportins; a fair degree of grosa
*-mri:;^^, th.ir sain for the first two weeks
cf rc«.v< ir.ber hems: 1.3 per cent, are still
vai'tnc for a definite declaration of bov
*nirner.:al policy as to rates The distri
bution of dry goods is Eteady, . dally in
Western anO Southern centres. Copper
production is increasJng. but so ]- «-,; per
coiisujnpticn. The open weather is favor
aM»- for building operations in some of the
Bcctions. The wheat and cotton markets
lisve tn^n unsettled by the uncertain state
of the Arjri-ntirife wheat crop and cur own
prtx-rnr.H-nt ginninx port. Bank ctearlnss
th>s wrek show of 6.1 per cent over
lf«^< £iid 13.7 over YJf-fi .-,.. New York.
s.nd decreases of 10.3 from ir«i9 and 4.3 from
130S in New York. The financial markets
arc very ouk-t and under • ervativc In
flueTices. Forciirn commerce at X<-w York
<i!«»ina the la'.est week _■■■■■..'..; 552.415.
'■ A' a^ fomi»ar«! with J?/V.C,<T,2 in 1909 -iTi'l
%29,015.C7E in IWjS. Exports were £'..47.' PB7
jrreat^i than the . art*, whereas, in the
tv.o previous years tliere was a large ex
cees of import?.
IMPORTS OF DRY(rOODS.
iivAtovxr- :'jßti marketings <-,f • . Rood* ! . 1 *-■ r
«.7«><-k, v.'i'.h comparisons, were as follows:
l»t* ark. ■':•■- wk. I-ifit yr.
Total Jrooorw... %J<HiX.VSA $2,959,135 $3.04ii.4.>l
■Mai ZUkrkeUzgß 8,077,504 XU12.C77 I.V^M~
LIGHT TRADINITsMS, WITH SMALL PRICE CHANGES
NEW YORK STOCK EXCHANGE SALES—FRIDAY, NOVEMBER 25, 1910.
100-g American Beet Sugar P r.. 93\ 83 8 i M\ »«4 »2 94 100 — Marine pr —•••••..... 17 " 25 % 29 27 80
400.- $ American Can 10% 10*4 l(Hj JOJ4 10% J»% .s>Zu M s"t P A 134 134H
i«0 +U American Can pr 81 81% sK 81% Sl_, 81% 1.000 +% M.. St. P. &|.Bt M J"k 1$ 149 147 150
COOj + U Amer. Car & Fdry 55 55 64% WU B4vb 310 43% M St^R & B St M. pr. 149 1« "^ 34% 34^ 34^4
60 — Amer. Car & Fdry. pr....115 U5 115 115 11M. 115 600 — Mo.. Kan. & Texas 34% SJ> Wfc »M^ 69
10 Amer. Hide & Leather...., 4% 4% *% *H *% .*% w>l% Mteiouri^Parffln P"" a6l 51 61 51%
100-1% Amer. Hide & ]>ath. pr.. 23^ ij^ 23H 23fe ff* 34 |SS| -% S OU " SSJ.V,?* iS 112 112 112 111 11$
2«i _^ At2h[son UOOKJI P 103% 103-8 103^1103^ 103% 103% 1001— % Pacific Tel. & Tel 45 45 to « 4^4 «
§»! ~ ttchteSS m I" '■ 1015 101% 10!-; 101% 101% 101% 4.550 + % Pennsylvania Railroad .... 130% 180% 130% 130% 106 lO^S '
»8 ■>!„ Baltimore & * Ohio 107% 107% 107%j107% 107 107% 100 -People's Gas & Coke 106^ !l-«H 106^ 106% 106 10&*
imlk :i^thl?rem Steel °" | 32% 32% 32 I 32% 32 | 32% 22 -— Railway Steel Spring pr..| 96% 96% 96% &•■,«* igu,
MO *i? BetheheS Steel pr Bffl 62% 62%1 6274 62 I 62% 31,000 Reading J 153 -1539. 152% laS* I^ pS*
MO 4S ! Brooklyn Rar^tl Transit.. 77% 77% 77%! 77% 77% 77? 100 Reading let pr j6B 88 ;83 88 8^ 88%
j+ i! Can^dalan Paciflo 19«J 196% 196%i196% 196% 19G% 100-1% Reading 2d pr 94% 94% M% 94% mg j
3M 1 ii CeniraJ Leather 34% 34% 34% 34% 34 34% 3,500-% Rock Island 33% 33% 83 «W 83%
Jiz Cenlral Leather pr : 106 106 106 IOC 105% 106*1 gfe Rock Island pr ii::l : . : : 67% 67% gJ g67 St
,i_ Che-apeake & Ohio 84% S5 84% 8-1% 84% 84% EOO-% St. L. &S.F.2d pr 42 42 41% 41% 41% «%
im rhfca^Gt Western 23 23 23 23 '■ 23 23% 20) -2% St. Louis Southwestern... 25 125 | 24% 24^ 24% 182* '
2?v, 7T Oh Mil & St. Paul 124% 124% 123% 124% 124% 124% 50 Sears-Roebuck 183 IS3 183 183 ; 181% 182%
700 i* ShioaVo & Northwestern.. 146% 146% 146 146% 146 146% 14 - Sloss-Sheff. Steel & Iron pr 114% 114% 114% 114% 100 H4
SStSt Colorado Fuel & Iron , 34% 34% 34 : 34% 34% 34^ 1.6-30 - - Southern Paciflo U7# 118% 117% 11.% lgg lg/J
«a J! Coo-ado & Southern 159 j59 55% 59 59 CO 300 Southern Railway !27 27 127 27 27% 27% '
Consolidated Gas 135 135 i134^,135 134% 135 100 — Southern Railway pr |63163 |63 63 63 63%
i irorn Products Isll 1 16VJ aatatat at 100;- Texas Co a3B 138 138 lvl v i L
SS IT 'Denver & Rio Grande....! 32^^ S2V 32^' 32% 32% 33\ 9 «d- V* (Tennessee Copper 137 87% 37 S< ! 36£ 37
2a"l 2 DlgtiUlnM Securities 33^i 33% 83^6 33>> 4 33^; 33u, 900 + g JTol.. St. Louis & West...! 25^ 25' i. 25% 2dM,; Mvi 2.^4
.H-JJ Sncnl'Eiesttie Co l»llS9% 158^1159% 138 "5 21.800 T Union »Si#l S3 S3 S3 S3 !of b » 5
MS 1^ Con i SM. S B% s^- - 50 United Dry Goods !H»Vi :l«'iW 4 ■l^J*' l^ |^
rim 1* rreat Northern pr 124% 134? 13* 124 124 124% 100 *ViU.S. C. Iron Pipe & Fo.. 17% 17« 17% 17$ 17 18
Urt Northern ore ctfs i 59% 59%! 594! 59W. 59% 60 53.400-% United States Steel !SO i 80% 79% 79% 78% 80
Tn^ " Havana Electric Rv. pr... 93% u3\ 93% 93% 93% 94% 747 - - United States Steel pr 118% 118% 118% 118% 118% 118%
K$ roueh-Metro! .*..... ; 20% 20% 20% 20^ 20% 20% 2.400 — Utah Copper 49% 49% 49% 49% 49% 49Tfi
,22 Is! Tnterboroush-Metro. Pr .. Si 56% 55% 55% 55% ii 50-3; + % Vlrginia-Caro. Chem | 63 I 63% I 63 ] 63 • 62% 63
U % InterSSffl Harvester M 112? m 112 113 113 1113% 100- % ;Yir*inla-Caro. Chem. pr... 122% 122%!122% ,122% 21 122%
m —•■ In emational Harvester pr 121% : 121% 121% 121% 121% 121% 50 — - Wells Far Express 100 160 100 . 160 152 162
l«~\7v international Paper .14% 14% 14 14% 14% 14% 500+% Western Maryland } 46%, 47 46% 46% 46% 46%
• % nternitional Paper pr.... 57% 87%j 57% 57» 4 : 57 57% 100- % Western Maryland pr 74 74 74 74 73 74%
ittSl I nemat steam lmmV-..' 44** 44^! 44% 44% 44% 44% 100-% Western Union Telegraph. 72% 72% 72% 72% 72% 72%*
Wgj-T^t ' interilatl Strain Pimm pr. SSHI SSV, 1 sr,u, 85% 1 85V*.! 86 I -i.l"' -M, AVestinghouse Mfg. ....... !73 173 173 ' .3 1 72r^l 73
rr . i «ip« for the day. 178.036 shares, compared with 770.95S shares for the corresponding day in 1909.
Total sales, January 1 to November 25. Inclusive. 151.793.501 s hares, compared with 195,442,009 shares for the same period in 1909.
FINANCIAL MWS
Banks Show Substantial Gain in
Cash Holdings.
Total transactions in yesterday's stock
market amounted to 175.03S shares, of
which the larger part was supplied by
Union Pacific. Reading and United
States Steel, in which, as well as else
where in the list, price movements were
unimportant, with small net gains in the
larger number of Issues at the close.
There was no public interest in the deal
ings, and as a rule the operations repre
sented nothing beyond efforts to scalp
profits on both sides of the speculative
account, the only evidence of good buy
ing being presented in the operations in
the Harrimah issues. Reading. Steel and
American Smelting, the latter, though
showing little price improvement, being
taken on a modest scale by people who
believe that the company's new financ
ing will add materially to the future in
trinsic worth of the stock, which closed
yesterday at 80%. » is a noteworthy
fact that this financing cost the Ameri
can Smelters' Securities Company less
than $150,000. and that by the sale of
the bonds the company will be relieved
for five years of $400,000 a year in in
stalments which it has been paying on
account of the purchase of the stock
of the Baltimore Refining Company.
Furthermore, through the- ultimate con
version of the bonds into American
Smelting stock and through the working
of the sinking fund, the Smelting Com
pany will have $27,000,000 in cash,
which, with quick assets of $23,000,000
on hand, will equal the full face value
of the preferred stock. The American
Smelting, through its conservative pol
icy in the matter of dividends, has ac
cumulated a surplus of more than Sl",
000,000, which does not include the $17.
751,000 par value of the common stock
of the American Securities Company
which is carried on the books at ?1.
There was less manipulation in the
day's market than recorded in recent
days, and a total lack of last hour ac
tivity which marked the dealings earlier
in the week and in the preceding week,
transactions from 2 o'clock to the close
aggregating 21,000 shares that changed
hands within small fractional price
limits. Call money was easier. The
Bank of England, though showing In its
return a high percentage of reserve to
liability for this period of the year, made
no change in its minimum rate of dis
count, which ha? been at 5 per cent for
several weeks. The interior movement
of money has turned in favor of New
York, receipts of currency here in the
current week showing the first substan
tial excess over shipments since the last
week in August. Based on the known
flow of currency to and from out-of
town points. Including 5500.000 gold
withdrawn for Canada and $2,295,000
national bank notes sent to Washington
for redemption, the local banks gained
$2,301,000. while receipts of new gold
brought the gain to $3,802,000. from
which the deduction of the loss on Sub-
Treasury operations left a net gain of
$2.544,000. These figures do not take
Into account over the counter transac
tions, which, it may be recalled, were
surprisingly heavy last week, and which,
with the unknown change in the loan
account, make predictions of to-day's
Clearing House statement useless.
From the course of money rates in the
week, however, it doubtless will be as
sumed by the larger number of observers
that a further expansion will be shown
in the reserve above gal requirements.
The decline in money rates has been
fully justified by the large Increase
shown in bank reserves last week and
by the absence of an active demand for
accommodation, either for speculative or
mercantile borrowers. Commercial paper
rates are now quoted at 5 to 5% per
cent, against ~< l /j to 0 per cent of a week
ago. and a freer offering of bills is
looked for. The collateral loan market is
lifeless. Bear operators in stocks are in
clined to attach much importance to
lower rates for money as an indication of
dulness in general trade.
CHICAGO STOCKS.
/Tarnished by Curtis &- .Sang.-r. No. 40 Wall
etret-t.j
Shares Open. High. I>iw. Close.
100 Am Con i"'; 10' i 10% 10%
120 do pref Mtq * »* SOV4 BOH
13 Booth Fisheries.... 34 M 34 34
••7 Com Edison IK% 115% 115»4 11.-.* i
.V) Chicago Subway.. 4 ■■» 4 \ 47i4 7 i 4%
«41 Pneumatic T001... 41 '•; 41% 41 '.i 41 '«
«SCLi*e I'.vs No I--- tri »2 i*, «2
545 do No 2 26 -<;H i" ! . _";
M do No S.. 11 1! 11 II
l»t Diamond Match... BOH !•"'•_• !«>'•-■ f/i'4
'.-, Illinois Brick <■:> ta% 00 t»%
22-McCnim-HowelL.. 84 «*.4 84 <M
100 Met Elevated 20 SO an :.'»
-T, Peoples Gas ioi;>i ic<'. ; 4 in.; 1 , 1"m-.' 4
!K4 Swift & Co 103% 104 l«3»/4 1"" *
' 429 So Bide Elevated.. .4 «'<; <v M
S?.» Sears .182 IR2 Ifl2 11--'l 1 --'
ir> !ia nrpf H' 7 - 1!'' : ll!» 8 i lli^i
C 47 rnit<-1 Bixloard.. 8% * ! <; C.V, SV4
130U.S8tee! • '•'■>' ~'-' 7 70 Ti 7!>!i
BOND?. '
<L|.OOI»Co:il fcMisr.n r»5...101'.; lOl 'i |O] ' . 1' !3 i
fl.«Kf» <")ii<- .- i: Ist r.s. . I'o^i... I'cj'.. ;i.-." 1»2'4
l«iO0Clik- Ry>- I*l fk«. !»°.i '.'-'i !■>•; it*'*
6.000 do*4* .-■.:•■ Q.*: W>U (■<■>; >..,-, fuM
l.<«»i.\M Klt-talfcd 4*. . 92 fc2 h'l $2
1.000 Marrla «V»« 81 6l &; 01
NEW-YORK DAILY TRIBUNE. SATURDAY, NOVEMBER 26, 1910-
BOND MARKET SALES.
f.ooojap 4Hs 94% 10000 L, s & M So
2000 do Inc 04% 4a ....BIOF. »3%
10000 Rep of Cuba 1000 do 1931 M
0s 100 20oOLe.h Val N V
1000 N V Cent 4E.104 T6 Gtd 4%s Rep.lo3
70000 N V C 4^e 2000 Louis & Nash
1957 .new. 106 Unified 45.. 99
2000 do 1917 107 6000 Met St R Kef
1000 Adams Ex 4s »0 4s StpU 45tt
£000 Allls-Chal 5s 7"'i 1300 Minn & St L
SOOO do 77 1 i Ist 75.... ,129
2000 Am Spts 65.. 97 ■* 1000 Mo X & Tex
20OU Am Tel & T Ist 4s 97H
Co 4s .... 90% 2000 do 2d 84^3
IfV,V) do !K>is £000 Mft Blrm 65.105H
14000 do Convt ( 10UO Nash C& St
43 JOS% L Ist 7s 100%
20000 do 103; i 2000 Nas lee X X
9008 do 10T.% 4s 78
1000 Ani Tob 65..100U 5000 do TT
21000 do 106% 2000 Nat Rys of M
14000 do 4b 80% 4 1 .is »49t
LVOO Armour 4Vis. 91% 2000 do 94 I.*1 .*
0000 do «l*i 1000 N V Cent Li 8
1000 A Top & S F Col S^s.... 80%
Adj 45. ... OflH 1000 X VG& BL.
4000 do 90% H& P 55..101 a i
StHK) do Scpd... UOVs 16000 do 4s 6*V»
1000 do 90% &000 N V N H &
8000 do Gen 4s. !>N : S; II Deb 65... 134
I<**l do 9S 1 * 20000 do Convt
1000 do Convt 3 l is 100%
f.9 108% 1000 N V Susq. &
14000 do Convt W Term 110
4s 10C,% 6000 do 110%
r.OOO do l!»iO 103 I 2000 X V Tel 4 .is. 98 %
1000 do T d & i 6000 do 9(S^i
L 4s 92 ' 2T.000 do 95%
1000 At Cast L, ! 4000 Norf & "West
& N 45... 92% Con 4s PS%
10000 do »2^t ! r.OO do 88
6000 Bait & Ohio 121000 do Convt 48.100H
Gold 45... »3 ! SOIXJ do 100^«
2000 do PL, E & 150(10 do 100*
WVa 45.. M.XI 6000 do Poo C &
!■»*> do 91% C4s 88%
1000 Beth Steel r.s i 1000 N Pac Gen 3s 71
sIOF. 86V* I 8000 do 7Oi
4000 do ..BIOF. 85 I 7C>OO do Prior 4s. «>}»
201 HX) Bk R Tr 4s. 83 3000 Ore? Shore L.
6000 Ca! Gas & E Ist 6s 114%
Cb 92H 2000 do Ist Con
1000 do „..s6F. 92 I 6s 112
10000 Can So Ist ( 7000 do 111%
Ext fie ... 103 22000 do Gtd Ref
1000 Cent of Ga 4s 92Vt
Con is 107 ' 2000 Pac T & TCs 97 1-*1 -*
15000 do Ist Inc. 00 2TKKX) Perm 3%s 1915 96Tk
2000 do Stpd... 90 | l'<" 00 do 4s 1948.-103%
4000 do 21 Inc. 88% 1000 do 103%
IGOO do Stpd.... Ssy, 5000 Pit C C & St
40fV> do 3d Inc.. BT. L4s G 9R%
lim.i Cent L ss.c.. c. W»% 40000 Read Gen 45.. 9SV4
8000 do 99H . 1000 do Re? 98
6000 Cent P Qtd I 2000 St J & G I Ist 89
3^*3 80% j 10000 St L & S F R
6000 Ches ft Ohio R Gen 55... 80 X 4
Convt 4%s 94 7 4! 3000 do Ref 45... 81%
7000 do 85 t 8000 St L Swn Ist
19600 do 94%. 4s SIOF. 90^4.
2000 do Gen ' 10000 San Aft A P
4%s 101% 4s 86*4.
2000 Cft Alt 3%9 69 : 1000 Scab A Line
2000 C n & Q Gen Adj 5s 77
4s 97 V 21000 do 7fi%
3f*wv> do Joint 4s 86* 15000 do 76^
1000 do 95%; 2<ViO do 7»> 7 /i
20000 do 1)3% 6000 do 77
WX>OCMiI &St P I 10<X> do Ref 55... 99T4
Gen 4s A.. 98%! 4000 do Gold 4s
10000 C R I & P Stpd 85
Tint 4s PS%t 2000 Pac Ist Ref
1000 do 89 4s 94 1 *
6<>OoO do R R 43. 74, 2000 do 94 l A
1000 CCC& Xt L. 3000 do 94
St L. Dlv 4s 02 ! 2000 do Convt 4s 97%
1000 Col ft So Ref ! 0000 So Ry Ist 55..10K%
& Ext 4%s 97\i 3Vof«> do Gen 45.. 76H.
4000 Corn Prod Gs ' 2000 T C C 1 & R
1934 94% Birm Dlv 45.104%
3000 Den & Rio G I 3000 do 105
Con 4s 94 I 3000 Tex ft Ok Ist
1000 do Ref 5b.. 91 5s 105%
10000 Dist Sec Cor 6000 T ft P Ist .VI IO Ms
{is 77 COCO Third Aye Con
enoo do 7614 4s Stpd .... 60°*
31*100 do 7CMH 13000 Und Elec Lon
12000 do 76%! Inc 37%
14000 Dv Pont 4%s 84 I 1000 Un Bft P ss. 92
6000 Erie Gen 4s. 74% 4000 Union Pac Ist
2000 do Convt 4s .. ..SIOF.IOOT4
4s A 75% I 2000 do Convt 45.105%
2000 Fr* Elk ft Mo 10000 do 105%
Val r,s 127 ! 1000 U S Rub 0b... 102*
10000 Gen El Deb ! 31000 V S Steel S
Os 1-"1% F 5s 103%
,W) do 1f.0H'37000 do 103%
SOO do ..s2OF.ir.OH lor/j bash Ist 100
lonoo do 151% 1000 do P.*f &
12000 do 152 ' Ext 4s RT>^i
6000 Ind Nat Gas lio<v> do 65%
ns 90 I 16000 W Pitts Term
POOOInt-Met 4%s 80% Ist Ctfs 4ftH
f>o<»<» do J*o%' 9000 do 48%
pooon do 80% I 2000 T\>st Md 45.. BfUi
890000 Int R T os.ltia^ 2'«>oY\>sth s Fsj. 92%
3fi(V) do 105% 7000 do 92*»
BOOM do 10?. '4; 1000 West Sh 45...100!4
10000 do fl« 100% ' 11000 "W N V & P
f,ooo Irq Wks & D Ist 5s 110
Ag 4%5... 96% 10000 West IT Convt
1000 Int St Pump j 4s A 101 "4
5s 91 V4 ' 2000 do Co! Tr 58.100
SOOO do 91 % ! 10000 do Fnd & R
4000 Kan CSo 3s. 73 Vi ' E 94%
1000 Kings Co El ' 17000 do 95
4s Stpd S4 i 5000 Is Cent Gen
25000 L 8 A M So 4s 93
4s IN2S. .. . B3%(lA00O do 92%
120 flo ...FIOF. 93% i 15000 dn 92
Total sales of bonds, 51, 055,000.
MISCELLANEOUS SECURITIES.
(Furnished hy Frederic H. Hatch & Co.. New
York and Hoston.)
STOCKS.
Dividend. . Bid. Asked.
American Brass Q-J 5 120 123
American Chirl« Mo&Ex 13 224 230
American Chicle pf Q-J 0 102 105
Am Dl?: Tel of X J Q-J 4 49 M
Am Coal Products Q J « 04 97
American Press Q-J&Kx « OH 103
American Thread \<f 3&J 5 4*4 fi V4
Am Tyr-- Found deb M&N1926 6 100 —
Am Type Found new M&N1939 6 09 100
Am Type Founders J&J 4 40 43
Am Type Found t.f Jfi.J 7 Sl7Vi 101
Babcock & Wilcox. . .-. . q j 7 Hi 100
Barney & Smith pf — !><> 100
Borden'B Cond Milk F&AEx — 12H 12.">
Bord( Cond Milk pf. ..Q-M 0 105 108
Bush Terminal com — N"i '.).*.
Central Kli* works — 2 S
Central Firewoikß pf - — In ■[•>
Conn Ky & Q-F 4 74 77
Celluloid Qj&Ei- 12S 133
E I dv Pde Nemours... » 14.'. 150
E I <3u P.l X.-::i ;if. .. . Q-J 5 82 5.%
Empire Steel & Iron — 12 10
Empire Steel & iron }>f . . — 55 <;."•
Hall Signal common.... — 20 40
Herrlnx Hall Marvin — 35 40
International Nickel — 14. 118
International Nickel pf.".. Q-F »5 90 93
International Sliver — CO —
International Silver pf... Q-J 4 107 112
Kitbv Lumber — 10 13
Kirby Lumber pf — — — 3.1 iT,
Kings Co El & . P Q-M 8 122 125
Ni.t Cash Register pi ■.! A. .1 7 12:! 127
Kites .''.-r..;: p I& J 7 l-;> —
Nile* Bement P pr Q-M (i us 103
Otis Klevaton Q-F >'. 47 82
. it: Elevator i>f Q-J (I 04 '.17
Old Dominion S B .TA.-.I 0 103 115
pacific Cat :A EJ — <:» 72
I'ac Gas &El if Q-J rt 87 Ml
I'o;k> ManufacturinK — — B8 '■'.>
Pope ate i> — — — "'■>
Producers' Oil Q-M' « 144 147
Pratt & Whitney pf Q-F (i 100 in.'.
Hoy a I [hiking I'owder. . .Q-M<tF.x S 192 11.7
noyalP.akPowd.-rpf ... Q-M (i 100 Mm
Safety cHi L :i Xi 8 137H 13«4
Sen-ben Chiclet — 138 142
Standard Coupler — 33 --
Standard Milling Co — IS 20
Standard Milling Co pfb. A&O 3 47 52
Texas & Pacific Coal Scrip 6 SB 105
Trenton Potteries — ■ — 4 7
Trenton Potteries ;■' .. . ■ — — Tit) fin
Trenton Pot fndx ctfs ...JS-J i 60 70
Trow Directory ■ — 35 .'l.')
Union Carbide — 101 ldl
"Union Ferry Q-J 2 27 30
Union Typewriter — 47 Til
Union Typewriter Ist pf.. A\(> 8 104 los
Union Typewriter* 2d pf--A&O 7 1"4 108
UniU-d Hank Note Q-J 4 4* 53
United I ink Note pf Q-J •; SO 63
O 6 Finishing com s-j 7 nr» 100
1' s Finishing t.f Q .1 7 100 111
U s Finishing Ist j ..-.ir.il '.» B l<«i 108
D S Finishing cons J.«4J 1920 5 id 100
D S Motor • ■ in — — 47 50
V S Motor pf - — To 74
Virginian Railway .. —_ 20 30
\v<«t Pacific - 24 M
West 1 Power/.:;: — 41 43
cat Power pt ■' «— *3 M
INACTIVE STOCKS.
The following were the last actual Rales
and the closing quotations for stocks in
which there were no transactions yesterday
on the New York Stock Exchange:
Last --Closing-— >
Bale. Bid. Asked.
AlHs-Chalmer Co Mi 8% 10
do preferred 82 88 3*
Am Agr diem 45 44 Vi 43
do preferred 102 90 101%
Air. Brake Shoe & Fdy 89H 89 90
do preferred 12»% 128 —
American Coal 120*5 60 130
Am Cotton Oil. »4* &4 0*»
do preferred 101 100 101
Am Express 28S 230 250
Am Ice Securities : 10 18H 10
Am Linseed 12 l 4 12& 18
Am Locomotive pref 106& lOC^i 107
Am Smelt pref B 87 — Si *4
Am Snuff pref 101*4 100 I<>2
Am Bteel Fdry 47% 47 48
Am Tel & Cab 84 81 ST,
Am Tobacco pref 05 93 J»5 V 4
Am "Woollen 85% 83 30V4
Anaconda 41% 41«( i 41%
Ann Arbor 83 25 80
do preferred 70 65 70
All Coast Line 11«H 11SV4 119
Bait & Ohio pref »l 8S 91
Batopllas Mining- 2V4 2Vi 2%
Brook Union Gas 138 134 138
Brunswick 10 014 U
Buff R & P 105 102 107
do preferred 127 125 140
Butrerick Co Bi>'£ 2&' iSO
Can Southern Cf'Vi 62 7i»/4
Central of X J - 838 275 285
■Cent & South Am Tel 115 118 120
Chic & Alton SJ. 30 40
S do preferred 64 T » — 60
Chic Gt West pref 4-7& 4<5 a i 474
Chic I & L pref — **> 80
Chic M & St V pref 147 147 150
Chic * Northwest pref 207 100 2<>s
C St P M & 0 148 140 100
do preferred ltJT> l«0 170
Chic Union Tract 3 3 3Va
do preferred 6"» 7 8
CCC& St L, B7H 67 00
do preferred 99& »8% 10.">
Cleve & Pitts - 102H —
Col Fuel & Ir pref 107 HOVi 115
Col &So Ist pref 7<Ui 74 77
do 2d preferred 74 72 77
Col & Hock Coal & Ir 4V4 4^2 ">
Corn Products Ref pref. 80 78 794
Del & Hud 170 lfi» 170
Del Lack & West 520 020 573
Deny &R G pref 73H 73 "4 74
» M ft Ft D 4% 44 a * IOH
Detroit & Mack..". 80 80 85
Detroit United P.R 37 f>4 1 -i 61
D S S & At 12 111 13
do preferred 23 22^4 2:i'M
Erie Ist pref 4*:^i 47% 49
do 2d preferred 37 7 StUs :t7 %
Evans & T H 6f> 5.8 . 62
do preferred 82% 7O S."
I Fed M& S 2<>'.4, Ifi 20
do preferred 56 40 54
Federal Sugar 38 30 40
do preferred J»."i 90 —
Gen Chem Co 95 l>s 100
do preferrpd 10CM4 100 li'3'i
Granby Mining 40 30 60
Havana Klec Ry »3 98 —
Hock Valley . . 139 125 133
Homestake Ss'-4 84H 87%
Illinois Cent 134 134*4 134%
Ingersoll-Rand Co 103 93 —
do preferred 84H 100
lowa Central pref 35*4 35 38
Katis City & South S3 Vi 33% 33
do preferred 66% «3 64
Kan City Ft S & M pref 75 75 77% i
. K*ok & D M G'£ 5 8
do preferred 41 35 4.">
Knick Ice of C pref 71 60 72
J>iok Steel 40 40 4,".
Lacledo Gas pref 95 Sf> 102
Lake ESrte & W 17% IS L><>
do preferred 40 39Mi 43
I>ake Shone 320 82.% —
Lonif Island 64^ 63 07
Mackay Cop Vt2H . 90 MVi
do preferred ".'. 74 75
Manhattan Beach 3 2'-i 3
Manhattan El 14! Mi 140* i 141 1
Marine 5 4 '» ."> l
Mich Ontrnl — — 180
M & St L pref 63% 4« 51
M St. P S S M leased Lines. 88% SS?i >-:>
Morris & Kssex ■. IR.X 178 ISI
Nash & Chat 140 133 145
Nat Rlpcult pref 124 120^ 124
Nat Enamel & Stpd 1* li 18
do preferred S4 88 87
National L*-ad 58 T 4 sri^ go
do preff d liii; 10." '-4 107
Kew Cent Coal 52 v * 30 fi.i
N V Air nrake 7* 1 - 74^ 77
N V Chi & St L 07 •':<> C.S
N V c ,<■ St L. Ist pref l>V5- 1014 no
do 2d preferred HO ss 05
N V T»ock 29 — 33
do preferred "0 - 70
X V I^ai-k & W — 120 126
N V N H & II 132% 152*4 i;.3Mi
Norf & West pref 89 S3 !'.".
North American 64 fif! «7
Ontario Silver 214 2 24
Pacific Coast 105 102 110
flo Ist pref 105 HO 110
do 2d pref 10.1 MO 1 Id
Pac Tel ft Tel pref US 00 99
Peoria & East 20 17 22
Philadelphia Co 1C Sf* 92
P C (' ft St L tM 04 93^
do j.: -ferred 11.1 110 11.-v. :
Plttsbursr Coal 2'"»' i 20 i'OV4
do iiroffrted 71 70 71
Pitts FW & Chic 17.! l i 164%
Pressed Steel car 34 34 "4 ! j |
do preferred ' W% 95 '.17
I Pullman Pal Car 105 105 Ifi3*t I
1 Quicksilver ;! ! 2 24 4
do preferred r> 4«i \% !
Ry Stf-el Spring Xi 34' 3 35
Itep Iron & Steel a»H 34 33
do preferred 117 •»" '.IS
Rome, Wat & Ok.-] 121H 11!> _
St J A G 1 is IK V.I
do Ist pref 45 47 Xi ,
do 2 ( ] prof :!(» .•>« 42U,
st LAS F Ist iiref 03 i'hlVs «•»
El L & S F C «% C 111 ctf»...l2T. 10i» 150
'" pr»f ii«% .— HO
do new 55 SO .\s
St L fir Southwest pref 114 C..'t ii"i
Bears Roebuck i.ref 121 120 120%
S'.oaa Sheff Steel & iron 52 51% 52Vs i
South Port., Rico i-'uprar (10 *!>
do preferred Mil ill n;;
South. It R M <- O ctfs ftfl*4 7" Kit
Texas .v Pactflc 2>< 27 •>•<
do Land Tr 92 88 •! ■
Third Ay.» 12% 12 lii«
Toledo Rvs & I.ißht 7»h '7*4 "1
Twin Cl;.. Pap Tr 11l 110 IK"-.
\'n Has ,<• Paper S'-s 7 ■)
do preferred .17 -? i ."irt c'f
''nii.n Pacific pref <.»3 93 <i^i/ :
T":ili.-.l Cifar Mf:? pref 10O'/& OS m. : .
United Dry c.(..->.l« pref 105 102 lO3W '
United rty Investment I'M 2«! ••;)>;
do preferred 57 55*5 s*.
T' S fist I- Pip,. & wary pref 58 M " r , (>
I* s Express S*><4 05 ' iih
'" H Resltv A Imn O:iS (17*4 70
U S Reduc &■ Ref .Vi Mi 7w.
do preferred l!i s i 15 17',
US Rubber 35% 35 .•»,;
do Ist pref lift 110 m
do 2.1 pi-f 72 ' i 72 75
VHrxi-illa RR SO 8S _1
Wabaah 17 > 4 17 17.V
do preferred 30?; m:*; 37s
Westlnhnus* Mfg; Ist pref .. lit 120H 122
Wheel A L X... it»; .-,'.. ","",i^
do Ipt pref I4»j 13 i n ~
do 2d i>rr.f ' ' -i x 71; 'v!
Wta Central 00 ,v.» i;->
PHILADELPHIA STOCKS.
(Furnished by Charles D. Parney & Co.. No 28
Broad street. New York, and' No. 122 South
4th str.-e:, Philadelphia.)
... Bid. Asked. I 81d..-\sk,.,i
Am Cement. 23 H 24 jl^hlKh Nay.. i«.». „7.
Am Ry Co.. 42-4 43 1..h Vni R R!M", 1,41*
Camb Steel. 4:i?i 44 I Phila Co 45' 4 j (! '
CTrofX J73 73>.4 do |.r,-f 41H 4..
F.I Stor Hat. 4K4 4u'i P«-nn R II Co ti-'.A m .
El Co of A. 11»; 11% ! perm pf.HIB IGSU
I-alrm't Tr.. 0 7 I Phila Klec Co 15*1 i r .T?
Gen Asphalt 32% S3 I I'hiin Rap Tr IS\ ]*■£
do pref... 7SH 7l» 1 Smokeless P. 15 r ,u
I'•.of NA 2O »14jl?n Tmrtlrn.. 49% 44 '
Lake S Corp 27 27H|lTn Gas 'lmp.. M ,w.M'
do pref... r.o\ 57 IWeiabaeh Co. 40 n
BONDS.
A It Con% .".k !»3 04 ' Phila EIM 4s Vii 7 i:
El & P«o 4» M m%\ do Cs . 101U ii,|i
M J Cod Ob. lot 108*1 PW2» cv Si.. »4U *«* |
out Bibb BEoxmrnsß.
principal featurS** T To™ 2n o ™2? a the lower
priced stocks , f,,.' 11 . Nome was shown.
fey Cmtral advaSXd iiE£?4c The silver
•har«e were easier k»i^ active Greene-
Cananea was a^ b M gSStrlal lUt
was comparatively n .B Houston Oil
shares were strong th« Inmmon moving up
% while the j>r?ftV™i ad™ m°e<i I P°^ t8 -
American Writing Paper nref erred was a
shade easier. Stand OI? and American
Tobacco were eteady Bonds ;we» Quiet.
'NDUBTRIAL.
1.900 Am Sm 8 rts. W iT **% *„ *
30 Am Tobacco.. 420 420 420 «20
100 Am Wr P pr. 29* 29% 20*
100 Houston 0i1..." nit «2 BVi **
420 do p£ »48 *>* iS«t
TOO Int Rub T ct». »J 20* 28* g»*
900 1 January 0i1... so g* 2S 29
100+Juiy 0n....;:: Ho M 60 £?
100 Mays 0H... 70 70 69 71 «
100 Mich P Urn, co UK 1% 11* -£8
3Stanfl.nl OU.v.euS 6U« «WJ4 C I?&
200 Un Cigar Mfg. 62 62 6 1 * i? 7
2.BWUBU&H. " 2JL 2*4 2* 2£
200 do pf g£ 54 »» 8 *
RAILROAD.
20 Am U & T pf..103H 103% 103*4 103*
300 Hud & Man ... 21 21 21 21
200 Lehlgh Va1.... 94*4 61% 94% W *
MINING.
Arteona Can... 4 A 4* 4«V «ft
100 Brit Col cop... ev4 ♦114 Mi g«
POO tCal & Mont... 08 98 99 W> .
4.000 Chlno Cop ....24% 2614 24% 24 **
8.000 tfobalt Cent... 8& 9 8H 8V»
800 Con Ariz Sra.. 'Ai HI It* 'J»
1.000 D-D Cop a. pfl. 1% lX 1* 1*»
20,000 tEly Central... 0 9 8 •"■
I.6oo+Ely Con. 89 40 89 40
270 Florence 1% 1% 1« ltt
OOOGtroux Mining. 7H 7H 7% 7%
8.550 tOreen-water ... 4H 4"-* 4 4
1.000 Greene Can ... 7H 7% "A £*
700tHarcuvar Cop. 10 10 10 1°
0.700 Insp Copper.... 9 T » 10% !>T4 I 0 '*
2.500 fJumbo Exten.. 22 2-4 22 24
Kerr Lake 7 A "'•4 7% "4
BO La Rose Con... 4% 4% 4% 4*
800 Little Miami .. 2% 2*i til 2%
700tLIttl» Nlpte... 21 21 tbrtk 20
140 Mason Valley.. 10% 10H •*>* g&
800 Miami Copper.. 20 20V* 3Mi 20H
300 Mines of A. new 4% 4% 4*4 *•»
4.000 tMclCinley-D..l 31 184 181 1* 3 ,,
aooK'ov-u M & 3.. ijV Il*I 1 * 'iV JJ»
200 Ohio Copper.... 1% 1% 1% 1%
1.100 Pbc Smelters... A -ft X ,V?
700 Precious Metals 1% ll»l l » 1 Jj»
8.000 tRa-wh Coal'n.. 8 BV4 8 , °{*
2.000 Rawhide Queen Bli 5V4 fil 4 £?
1.500 Ray Central.... 2H 2Hi 2A 2A
4.000 Kay Consol 21% 21% 21 «* 2JH
10.000 tßay Con rts.. 44 47 43 45
900 Red War M!n.. 1% 2 1^ * ,
1.&00 Bo Utah m& S. 1% ijV lH 1 «!
700 Stewart % H Jj ,-2
25 Sup & Pitta.... 144 14H 14)» 14 «
8.500 tTramps Con... 2>-4 2-4 214 »
»fioTuolumne Cop.. 5H 6V46 V 4 W4 6 J?
800 Union Mines... % « {» o >
I.34o Yukon G M.... B** SH 5 ! .4 8%
BONOS.
«26.0C0 Am 9m 66« w 1..102 103 100 JW*
10.000 Meson Val R5..110 110 110 110
23.000 West Pac 6«... 83% 93% 63% 83»
•Odd lots. tSeIU c*ntß per »bar«. JCroMwl
CONSOLIDATED EXCHANGE.
Small lots of a number of stocks which
were not quoted on the New York Stock
Exchange changed hands on the Consoli
dated Exchange In a session which for
limited trading has not been equaled lor
nearly three months. Odd lots sola Oi.
American Cotton Oil at 64%. Anaconda at
42, and Chicago Great Western preferred at
47%. while 110 shares of Wabash preferred
sold at 36% to 37. Eighty shares of Missou
ri Pacific were traded in at 51 a 8a 8 and W%
against a solitary price of 51 on the other
board. Transactions In all stocks aggre
gated 28,010 shares, with thirty-nine dif
ferent Issues represented on the list. This
is the smallest total since Friday. Sep
tember 2, when the sales were 26.5"0 shares.
In Its general character the market showed
practically no change from the conditions
existing prior to the Thanksgiving holiday.
Detailed operations follow:
STOCKS.
Sales. • Open. High. Low. Last.
830 Amal Copper... 69"» To 1 6:» 5 a &->\.
10 Am Beet Sugar 88 88 8S 38
130 Am Can 10% 10% 10% 10*
•M do pref 81 «1 81 61
10 Am Cotton Oil. tMH 0454 64% 04%
(tO Am Locomotive 4O*i 41 40 1 * 40 141 4
2.030 Am Smelting:... 80 l ,i 81 Bl> 60%
10 Am Sugar 118 118 118 118
10 Anaconda Cop.. 42 42 42 42
270 At Top & S Fe.lO3 i 104 103% 103%
24OBklyn Rap Tr.. 77H 77* i 77^ Tt%
SOChea & 0hi0... 84*4 64% 84 l i 84%
10 Ihi Gt West pr 47% 47% 47"-» 47H
480 Ch Mil & St P. 124 124 Vi, 123's OH
SO Col Fuel & Iron 84 Vi 34 34* 84H
30 Erie 80 30 29% 29 *
60 Gen Electric... 159 15& 4 109% 159!»
('■<) (it Northern pf.l24 1-*1 -* 124% 124 124
110 Inter-Met 20 20% 20'^ 20 *»
40 do pref 36 56 S 6".* i 55%
10 I>ouiß & Nash. .145 "-i 145 ] i 140"--* 145 1-*1 -*
80 Mo Kan & Tex. 34 «4 34 V4 34 34
80 Mo Pacific 51% Bl Vi 51% £>l^i
180 N V Central... ll3% 114 113% 113*4
20 Norf & Western 09 M 98 09 ,
300 Nor Pacific 117 117-4 110% IIS*
240 Pacific/. Ma 11.... 80% 3IH 30'^ 31"-4
6SO Pennsylvania ..V\o^> 130% IROH 130 Mi
6.700 Reading 132T4 153% 152% lri3^
330 Rock Island 83% 33 33, tOOk
630 Southern Pac. .117' i 118& 11J 1 * 117 li
60 Southern R/...27 27 27 27
10 do pref «3*4 63ii 63>4 63^f
Hi 'Mm Copper... 3««i W% 8»% »JS
> 3.840 Union Pacific. .177 17*% 177 l l.S«»
11,180 V • Steel 79 T -i SO'i 79^a 79 •»
10 Va-Car Chem.. «2% «2% 62»i 625*
UOWal.ash pref... 37 37 3»% 37
20 Wtiushouse El 72% 72Mi 32* 72V4
28,010 Total sales.
WINING.
1.000 Atlanta 13 1131 13 .13 .13
UKlPelmont 4.40 4.40 4.40 4.40
500 Comb Fraction .02 .02 .©2 .<>
300Coneol Va 90 .90 .«0 .90
2.200 Jumbo Ext 22% .22% .22 .22
1.000 Kewaras 08 ■"'*■ .08 .08
600 Midway 19 -19 •!'•> - 19
200 Montana 1-02 1.02 1.02 1.02
gOOOphir I.™ l- tN » ! ■♦"> 1 "°
400 Yellow Jacket. .30 .30 .30 .30
6,500 Total sales.
COLLATERAL TRUST NOTES.
(FurnlPhcd by Swartwout & Appenzellar, No. 40
Pine street.)
Approx.
Name. Maturity. Bid. Ask. yield.
Am Cigar 4 P c. Mch 55. 1911.. 99% 100 4 "0
do 4 p c. Mi-h 15. 1012 99% 98% 5.10
Halt & Ohio 4p c, Mch 10, 1911 99% 10»» 4.0*
do 41;4 1 ; ]i c. June. 1913 90 * S>:» 4.88
B^th Steel Corp « p c. Nov. 1914 P«Va 97 0.7.'.
Chic ft Alt 5 p c. Mch 15. 1918. 98% 9!» 5.30
Tin H & D 4 p c. July. 1913... 97U '.I 7** »I.JO
C.C C & Sttlj •". Pc, Juno. 19U.inrt 1Ot>»-4 4.4)0
r> & h «>npts 414 1 pc. July. 1922.100% lOIH 4.4."»
Krlf C p C. April S. 1911 l'D'4 I""* 1 ! 5.70
Gen Rubber 4% pc. July. 1915. 94 91 ' a «.oo
Hudson Cos fi i> c. Oct 13. 1911. 98% B©% 8.90
do 6 p c Fob. 1913 98 91» &50
[nterbor nT H•„ c. May. i!»1i . .liiO 101 3.00
Kcßy & Lt ••• pc. Sept 1912.. 98* 99% >'<»>
do r>'p ■■. May 15. 1913 03% 96V* «.si>
I/n.k StPol 5 pC. Mch. 1915 91 92«4 7.10
Minn & St I. .-» p c. Feb. 1'.M1... K>% !>'.>** 7.30
Mo Kan & Tex 5p c. A us. 1911. W\ 99% 5.53
X V Central Unes, eqpts, 5 p c,
Nov. 1910 '22 4 s »tt('i p c basis
do 4',j p ■■, Jan. 191 1-25 4%<§4% p c basis
NVXH X- Hp ■• p c, 1911--l?..imt'i I'IIH
St L& S 4% PC. Feb. 1!>12... '.*'% 97 7 » K. 1."»
do 5 n .-. Mch. 1813 !•;■>'•.; l»7 «■■-.">«>
Southern l!v 5 p c. F?b. 1913... 98% '.'•.» 5.4(»
Tidewater *'. i- c June. 1013 I<>l 101 v 5.«
West T.I & T.I 5 p c, Feb. 1912. '.''.''2 Hlt» s.ih>
Whouse E & M 6 p C Aug. 13.10014 100% 5.83
RAILROAD EQUIPMENT BONDS AND
CAR TRUSTS.
Maturing 1910-27.
(Furnlshbd by Swartwout .*i Appenaellar, No. 40
Pine rtrtet. p
Same. Maturity. Interest yield.
Atlantic Coast Line 4 p c. l«10-"17 . . . 5 4l4 l -
Huff ltoch & flits 4 4 l i p.. 1919 "27 . t^i I :l »
Cent of '-a 4/2-". pc. l'JlO-'l" s's 4!,.
Cent of x J 4 p c, 1910 17 414 1 . 3 -1 ' v
ChfS & Ohio 4 p C. l»10 17 5 4/2
• hie & Alt 4 41;4 1 ; 5 p >•, IHIU 15> T.s 4*4 *
< hi.- .* Bast 111 4%-Ti pc, IDIO-M7 ... 5U 4N
Chic H I & Pac 4'j I! p c. 1910 • 11» .".■« 4-.
Cm Han A I» 4'i-5 p c, 1910-*2O 5' 3 47»4 7 »
Del .* Hudson AM p c. 1922 4' 2 4%
Qrie 44 2 .'■ p >■. 1910 '17 .">'.: 44 J t
Hocking Valley 4-4^ p c. 1910-'lfl 3 I 1I 1 -
Hudson & Man 5 p c, 1910 '18 •> 5
Kan C Ft S & Mem *% p c, 1910-M5.. :.'-* 4 ■"■»
Kan City So 4'i: p c. 1'.»1O- '15 5% 4**
I>e;-l!Tb V:\l 4 44 1 * pc. l»10-'18 4' 2 4' 4
Xflssourl Pacific 5; p c, I''io--17 -".'a 4•>
Mobile & «Mi!.. 4 1! d ■. l'.»10 - lii .".'« A\
X V lent Lines 5 p tr, I!'U> '-'2 1% i\
Norfolk .<• Western 4p ,■ '1C... 4"'i 4"<i
Pennsylvania "\i--l p c. 1910-*l7 IH 43i4 3 i
st L&s F 4 t' 2 "p c. mil 1 '17 .V; »-%
do uar A c & F 5 „ ,-. 1910 M 7.. 55 s * 44 3t3 t
Seaboard Air Line 4 ; -5 p .-. 1>»li» '17. . ."'■• 44 T *
Southern lty :'•'•.■ 4 4'- i> <•. 1910- '21... :>\ 4 7 ' s
Virsinian Ry ."• nc. 1010-' m r.^i 5
Wabash 41:-.4 1 :-." > P. I, 1910-*2 l r.'j 4"i
Wheel & L E 412-54 1 2-5 p c, 197rV-'22 <> 5
BALTIMORE STOCKS.
(Furnished by Van Schaick £ Co.. No. 7 Wall
rtreet.)
md.Aßked.l BU'Aiked
United Ry.. Hi 15 | Cotton I) in , Ss A ""HV'
do Inccmes 6.V,4 in j N'orf R& L Lori lsti
GII&S VII .. ; do ♦'•.-. V.i- jn
do Incomes .1 H | char cit .-, 10" __•
do IMS 43 4JH Char CEI 5.s '•! n^
Seaboard Co 21 ■ 23 c,.,,. Trust.. .lie. 20.1
do Ist Pf. i 3 7.'. Union Trust -"
1.. 2.1 pf.. 41 i 4.< Third Nat lTi3 J^
Beab AL 4a v.-.v s<i ; K1( , .v I', , us n
do -yr 5s 1.'.1^ 100 Maryland Tr— -'„
Cotton Duck 4>~ (i I Nor Cent Xv l-j i-,;
PUBLIC UTILITY SECURITIES
(Furnished by Wmiai.« M,-,;.,,,,,,,,, & „„,,..„.,„
N<> to Wall street.) ' '
Am U R ht A Traction I.'.';,' As .. k | :.' L
do preferred ij;* -; '•;
Am Gas i Electric... «7 ",.,
do preferred ... St« Hi
do Ist 55.... •*" '- ■
Cities Service r; •"• Sa SSi
■I" preferred - > SJJ
K^ri^^i;^';;;;-;......^ v * "<*
d,i bonds ... i" i"
Lincoln pa, a . El«trtc" '. i!". '. '. '. '. '. ' ' ' a B
1 "''•"■' G , tts & Kiev trio .;; 70 71
<!• i)f»f«rr o a '„.'..'. M W
TOPICS OF THE STREET.
FOREIGN TRADING.— Foreign houses
dealt In upward of 7,000 shares in the local
■took market, sales and purchases being
about evenly divided.
BANKS GAIS' CASH.— total move
ments of currency this week indicate a
gain In cash held by the banks of $2,844,000.
th« greater part of which was from the in
terior. The banks received from the in
terior $7,955,000 and shipped to the Interior
15.664,000. Including $500,000 gold coin with
drawn for Canada, and 12,295 national
bank notes sent to Washington for re
demption. Thg gain from the Interior was
$2,301,000. Receipts of new gold wore $1.
601,000; namely, on New York Assay Office
checks, $742,C00; on San Francisco Mint
checks, 1598,000, and In Seattle Assay Office
checks, $161,000. Ordinary disbursements by
the Sub-Treasury were $23,159,000. Pay
ments by th© banks to th*» Sub-Treasury
for customs. Internal revenue, 5 per cent
redemption funds, etc., amounted to $24,
117,000, showing a loss on Sub-Treasury op
erations proper of $958,000. The total gain
from the Interior and by new gold was ?3,
802,000. Deducting therefrom the loss
through Sub-Treasury operations proper,
the net gain to the banks on these counts
was $2,844,000.
GRAIN EXPORTS FOR THE WEEK.—
Brad-«treet'B reports the exports of grain
for the week, with comparisons, figures in
bushels, ns follows: Wheat, flour Includ
ed. 4,014,610, against 3.723,493 last week and
4.847,438 in this week last year; fiscal year.
46.129,939, contrasted with 68,782,144 in 1909.
Corn. 501.813, compared with 393.783 last
week and 254,551 in this week in 1909; fiscal
year, 7.931.659, against 3,689.306 in this time a
year ago.
CANADIAN CAR AND FOUNDRY,
LIMITED.— The Canadian Car and Foun
dry Company, Limited, has issued its first
report covering the eleven months ended
September SO, 1910. Profit for the eleven
months, after deducting bond interest,
amounted to $832,530; preferred dividends,
$330,833, and profit and loss surplus. $511,696.
The general balance sheet as of September
SO. 1910, shows total assets of $14,733,121.
DIVIDENDS DECLARED. — Dividends
have been declared as follows: Borden 3
Condensed Milk Company, regular quarter
ly IVi per cent on the preferred. payable-
December 15. The lnsersoU-Rana Com
pany, regular semi-annual 3 per cent on
the preferred, payable January 1. The Un
derwood Typewriter Company, regular
quarterly l* 4 per cent on tho preferred,
payable January 2. The United Bank Note
Company, regular quarterly 1% per cent on
the preferred, payable December 31.
COTTON EXCHANGE SEAT SOLD.—
1 The Cotton Exchange seat of Emllio Porrl
j has been sold to S. B. Chapln for $15,400,
1 an Increase of $300 over the last preceding
sale.
EXPORTS OF COPPEK. — Exports of
copper for the week ended November 24
amounted to 4.575 tons, making from No
vember 1 a total of 22.370 tons, compared
■ with 19,€91 tons In the same time last year.
APPLICATION TO LIST. — Application
has been made to the Stock Exchange to
list $750,000 additional Coal River Railway
first mortgage 4 per cent bonds, due 1955.
BOSTON CURB STOCKS.
(.Furnished by J- Thomas Reinhardt, ?Jo. 38
Broad street. New Tork, ani No. 54 Devon
shire street, Boston.)
Shares. Open. High. I^w. Close.
TO Ahrr.eek .191 l&l 191 191
3.0"0 Amal Xcv Mines.. 7 » 7 9
15OAm Mln & Dev... 114.l 1 4. II 1 * lri II 1 *
770 Arizona Cananea.. 4's 4A 4*-i 4A
700 Arizona Mines .... flfW ♦>*» «A l »
2.225 Bay State Gas ... 83 33 32 82
163 Bohemia 4"% 4"4 4»i 4**
150 Boston Ely 1& 1-?t 1A IA
200 Cactus Copper ... 2ft 2« 2>\ 2»
675 Calaveraa Z% 3rt 3?i 3&
1,500 Calumet . . SO SO SO 3'->
20,600 Champion 5»4 8% 3 4
315 Chief Consol l^V It* 1A IH
6,383 Chlno 24 25% 24^ 24
200 Cobalt Central ... 8 8 8 8
75 Cortez Mines 2V* 2t42 t 4 2«S 2^l
60 Crown Reserve 2 r -fi 2»f £ii
180 Corbin Copper 66 lt»l t» 5^ 6 1 * 6H
2.690 Davis-Daly IA Hi I^a l\
105 Dominion Syml... I<> 1(>V» 10 10 V*
100 Ely Witch 12 12 12 12
1.020 First Nat Copp3r.. 2 2 2 2
206 Goldfleld Con 8 Si"r 8 Stir
2.735 Inspiration 979 7 10\* i* r i 10 1 *
100 Laramle H P & P 90 90 80 DO
75 La Rose 4 & i 4% 4H 4%
25 Live Oak 24^i 24M» MM 24 a
4.100 Mackinaw 27 33 27 83
800 Mass Coal ' 8 8 * 8
175 Mexican Metals . . 3jV S-h 3 8 A
50 McKinley-Dar .... 1H 1*» 194 1%
200 Mollie Gibson 30 30 20 29
200 do pref m ltt IA fill
800 Majestic 81 31 4- 4S
1.100 Nat Mm Explor.. 4 4 4 4
20 New Baltic 7 7 7 7
160 Nevada Douglas.. 2A 2 s * 2% 2*4
1.085 Ohio Copper II s * Hi IS IH
45 Oneco 2^a 2Vi 21?2 1 ? 2&
400 Raven Mining .... M i"'> 60 60
8.450 Rawhide Mining.. 10 10 8 10
805 Rhode Island Coal 9 » PH 9
135 South Lake ' 7 7*4 7 7
115 Vulture 87$ » * T i S?'»
4 Yukon 3% 3H 3*4 S?»
GUARANTEED STOCKS.
fPiirr.iyhf-l by Efflngham Lawrence & Co.. No.
11l Broadway.)
Rld.A*k*d. I Bid. Asked.
Alb & Sus. . .2-5 295 Manhattan .. .141 143
Alb & Vt .. .. R5 75 ! Massaw Vy. ..12S 140
Allegh & W. 135 145 MH & S H..120 123
Am T&C. .79 83 f Mobile &Bpf 63 78
At &C A L..175 183 MAO stk t cfs 78 85
Auk & Pa v. 105 110 Mor C & Bak. 55 —
A G & M M. 65 75 do pref 160 —
Beech Creek. 93 P« Morris & Ex.178 182
Bost & Alb. .223 225 do extr OS 104
Bost & L0w. 215 220 'yash & Dec. lßl 190
Bost & Pr0v.282 205 [Nash & L0w. 215 — !
B & 7th Ay.120 135 I New i jO N..205 22")
Rklyn City. 14.1 155 iNTJHcaaSOt 315
C&- B C 0.. .135 140 NYB&M B pf.105 115
Canada 50... 62 70 xV L & W. . 121 125
Cata Ist pi.. 112 120 NT Mut Tel.lX> —
do 2d pf...H2 120 Ninth Are 140 190
Cay & 5ue.. 216 223 North Car 150 160
C CroFStown. — 75 North )N II). 135 143
Chat & G...102 108 North IN .It.. 88 95 i
C&V. I T cfs .V> c,» North Penn.,l94 200 !
do ctfs rd.llo 11<*> Northw Te1... 108 11<>
C S & C.pf-125 — Norf & W pf.266 215 1
Clrfleld « M.I SO — Old Colony... 190 2^>
Clev .<- Pitts. lo7 170 Osweso & 5..212 220 '
do spl bet. 97 101 p ac &AtT. .66 7S
I Ccl & N....200 210 P3t & H R...155 —
Cone & M...160 170 Pat & Ram. l3s —
Cons & P...170 — Pemip Valley. 129 144
C & P R pf.132 142 jvo &B Vy 175 190
Conn River. .2«2 280 p n a r, & N. 200 —
CKy & 1.. .73 7R p B & L E.. «1 7«>
do prof 7S 82 do pref 120 140
I Dayton &M. 58 - pFt\V & C.167 170
D & HI Crk.l>y> lf>r» do special.. l.'S 170
Del II & S.. 1H OS V McX & V.120 125
Kast Peni»...l2S 138 !p r,-,\r ,-,\ & Worc.2tW 270
! Klghth Ave.-.2G0 — I l; .s & Sara. lSO 20i>
Elmlra & W.IOO 110 k& c, Vy....US —
I no pref... 142 r >2 I Rome * C... 19 —
Erie & Ka!..200 230 (k \V & OsT--119 122 Vi
Kri.^ & Tltts.l3s 145 Rut & W5.V.133 145
Fltrhb's: pf..l2fi 132 para & 5ch...1C0 —
FW & J pf.130 135 Second Aye.. 7 20
42d SUtGSF.SX 270 Sharon Ry 110 125
Franklin T. . 3.* 45 flxth Aye 105 130
<; UK &B C 0.23.1 260 So & At Tel.. S7 97
G .v ?tk T.;.102 110 S.uthw of G. 105 110
Or Riv Vy.'.lW 125 St I- B I*tpf.l2»> 130
Hart ft C W 40 46 do 2.1 pref.. 50 53
Hereford . . . 89 92 St J&So B. . 85 —
111 C L L... 94 »7 do pref 100 113
111 & Miss T <"><> 72 Tft G R A5.16H 17«
IntProcean T. SI l'> 2 Tun of St L..115 123
Jack I. ft S. S.{ SS !?"ii St 200 250
.Toilet &- Ch. .182 170 I'NJ RR ft C.24> 243
X \ft G R.I3S 150 L'pi>er Cr..s.. .123 —
KCSL&Mptcs 7.'. 78 [V ft B Rlv..lt*»7 170
KCSL&C pf.130 14<» rC*STI..I« I.V)
L S ft M 50.300 323 IV Cft B 73 74
Lft M H Of. 100 170 iVy of N V...117 123
I.SXR&CII2 12« Vt & Mass...l.V) 170
M Coal Rpf.lOt 1(«> Warren 170 172
Man ft Law.2l3 22.". !
TRUST AND SURETY COMPANIES.
(Reported by Clinton Gilbert. No. 2 Wail street.
nid.Askd.! Bid. Asked.
Alliance Ry. 115 12» !L T I & T.. BO 2tiO
Am Surety.. 214 21* I Lincoln 130 14 ■>
As tor .".. 320 :': '- 7'7 ' |I.IL* T. . . 3US 315
Bankers' ... 'ii". **•• [Madison 200 SOS
Ed v M G-. '-'"«> -' " (Manhattan .. :!7" 409
Broadway .. 145 14* IBlrrramtic .. 7tH) 740
Brooklyn *'-'* 425 Metropolitan. 51(» .".2 >
Carnerte ... H«> 115 Mt «5 c Bond.. 1131*113
Cus C.i of A 125 133 I Mutual . l.» —
Central 1015 W3O Mut Alliance. ;■:-. 131
City Invest, IVJ CS Nassau . . 17.-, is.-,
d,» pref... 103 l" s *•<•! Surety. 189 165
Citizens' ... 125 135 X V I, I ' c T. 112 > 1139
Columbia .- 2M> 2sr> xYM mS. lilH 21t>
1 Tom - wraith. '^ lll4) N * v Trust... 133 <■:.>>
Oommrrrlal. 120 130 People's ... :; -o —
Empire Tr. .»W 310 '.' ■ c.> Mtg». 110 ISO
Kqultable .- -»•<-' 472% Quwns Co.. 113 —
V L A T...H"-5 !lV "' Realty Asso. . i^i> 12.:
Flatbush ... »0 210 r Savoy < M i,»»
Franklin ... — — ° {Standard . .. 4«>o 41»»
Fulton ..... "*"' „ -, Ti;> ,; *Tr .-..„-, —
Fidelity .... 2i:t' 2 21.'., l „, x Y . l;7>, 145
Gutiranty Tr &0 ° *V 0 i Tr Co >f Am 3211 .;;:.>
Gun.dlan .- — Iso Inion 1275 IS •<>
Hamilton .. 270 **• '" States lH'^i noo
Home Trust 11«» 113 :U S Cas.. ■„.^ _
llu-l Realty. i'" — If S M .v t . ;::. —
Hudson Tr. . !<•• 1 ... r TG v i — IC-
li.t Bkg Cor m 100 r»\"a»nit:Kton.v-373 ' — V"
Ki;i>;^ Co. ■ ••<»;.> — I Westchestei l.'O MS
Knlekerbock -;'•'= 3lC»4J\v. .v »t & M HT. 17i»
Law Mt|je.. -'•• -•" IWlndsor .... 120 :; •
•New.
NEW YORK CITY BONDS.
(Furnished by W. X. ,-.,,. a Co.. Xo. 43 Cedar
(Accrued Interest to be added.)
•4';. March. 193(V--.:o Il ';|, -^}-
38SSKSS£5wSS lo':'* io^
.i«; May. U'l7 "- ]*•
• is." m«>. «9».: ; '; , i; 1 ;
.4/ November. 1935.... **Jj -;',.
Us, November. 10.15 .. J:^ £«
U*i. wco-'W ■*'.'* s|i,.
t3ii. November. hm"| " l~ *
§J^--&k ::::;: ;;;;::;;;^ £3
I i^r^isK^rco^!^ iaw -
TRUST COMPANY REPORTS.
REPORT OK THE CONDITION OP T3l"
HEW YORK LIP - IIISUiUXSE &NJ
Tf.UST mm*
at tJio close of business on the 10th day of
November. W^ RESOCI:CEg .
Bonds and mortgages ••-•••• *-.'-»-0.324.»a
Stock rind bond investments, viz.:
Public securities, market valao 1..-..,1,.i:r >fso
Other securities, market value tt.to©.«.«U7
Loans , - »».OW>;^ T
Overdrafts, secured •►41<''0.494 1 <''0.49
Real estate •-■■ 2.«C2.tc3. 2$
Due from trust companies, banks
and bunk-™ -?£ 7 ' -*»
Le^af tVn'dVr notes and notes o! •'.'»*»»S,<)'H>.OS>
Xl notes »n«t notes oj
national l.^nks -00.M0.G0
Other aiset-', viz.: -»o « f
Suspense account ...♦*-».• -».3X
Accrued lntere»t en- _
tered •*IG.-& > 4..-
Accnicfl Interest not .
entered 9.0T4.M
t.33a»7U|
Total ,•■ Ms.«WuSiii
LIABILITIES.
Capital stock . ---- --- $I.©<XMXVXO«
Surplus. Including all ir <!ivld»fl
profits ••■ 4.194.u;.<n
Reserved for taxes.. . . -- . -^ v-- ; - 3.053.33
Preferred deposit!".. $2.44...
Deposits not re - «*m-*«
f e rr"<! 3j, Jlo,3«»». .3
Due trout compa
nies, banks and
bankers 05.002.23
Total deposits I' •'' T$
Other liabilities, viz.: .„„,,_„.
Life insurance $352,410.32
Annuities 2.218.314.07
Accrued interest „„,.„.„._
ent-rert $30,442.25
Contingent account 1.12&.24
Accrued Interest
not entered 20.. 4305
General account
Interest . c.C.933.70
- S.MMS3L3r
Total ' *'' '•'■"'*'»
SMELTERS BOND ISSUE
Guggenheim Company's Cash As&&
Will Equal $50,000,000.
A special meeting of the stockholders of,
the American Smelting and Refining Com
j.any has been called for January 3, to'
ratify the plan of Issuing 515,Q00,00»3 5 par!
cent convertible bond:* of th» Amertcaa
Smelters Securities Company, which »i!L.
be convertible Into common stock or. th» ;
American Smelting and Keflnlng Compasy;
whenever the bonds sell at pax or above. ;
In a statement to the stockholders explala-|
Ing conditions making necessary the ra!> ;
Ing of additional capital and the relation*
between the two companies Daniel •;.».
genheim, president of both company
says:
The American Smelting ar.d_ Kefiataf
Company is the owner oi %11,161,^m par
value out of a total of $3y,liGo,oO'J par vain
of the common block of the Amelias
Smelters Securities Company. It is •_;»
guarantor of the fSJ.'j'JtJ.U'^) of series a
preferred stock of tnat company, It is »
large creditor of the Securities Company.
The prosperity of the two companies \a,
therefore, interdependent. The funding at
the indebtedness of the Securities ton
iany is, therefore, of importance la both.
At the tim<» of the organization of tfi&
Securities Company, in IScjo, your directors
foresaw that the enlarged production of
ores would require a vast expenditure of
capital in order to smelt ana refine scci
increased product. The Securities Com
pany was successfully organized without
the expenditure of any capital on the part
of the American Smelting and P-erinina;
Company, and notwithstanding the en
larged, operations of the Securities Com
pany there has been no necessity of pay
ment, even of a single dollar, by your
company in the discharge of its obligation
as guarantor of the Series B prefers!
stock of the Securities Company. Ti»
wisdom of this policy Is shown by tt»
fact that while the product of your com
pany at the time of the organization at
the Securities Company, had reached a,
tctai of approximately $80,000,000 per an
num, the annual value of products of both,
companies to-day aggregates $190,000.00).
The time has now arrived for this con>
pany to prepare for a further increase and
development of its business. Plan 3 hay»
accordingly been devised, particularly la
respect of the receipt of ores and furnaca
material from abroad.
To prepare adequately for the future of
this company and to fund the- deb" of ii»
Securities Company It Is deemed advlsabl*
that the Securities Company shall issue and
your company acquire H5.0w).000 of ■? par
cent fifteen-year gold debenture- bonds of
the Securities Company: that the- latter
company shall thereby repay the advance
made to It and discharge its fioa - in
debtedness; that the bonds so acquired 6/
this company be made convertible Into to*
common stock of this company on the cm*
ditions already set forth, and that the pr«»
ferred and common stockholders of tow
company te afforded the opportunity S»
subscribe pro rata. for the bonds of l_a
Securities Company thus convertible. •
Through the expected ultimate conver
sion of the bonds Into common stock ana
the operation of the sinking fund the Smelt
ing Company should, as a result of this
transaction, receive approximately $15.w.0.'»
additional cash capital, which, with taj
present cash capital, will make a total or
approximately $27,060,000 cash. The oresaiui
i metals in process of smelting and refining
| now hpld by the company, together wltll
the present Investments and the necessary
stocks. fuel. etc.. aggregate at least
$23,000,000. It can. therefore, he confidently
expected that the rash assets of the com
pany will equal $50,000,000 and that the pre
ferred stock of the company will have It*
■ entire face value offset by cash and quick
I assets. The common stock will v->v -> rei're
) sented by the property account of v»v»iO.ow,
to which should he added the value of th»
■ $17,751,000 par value of the common stock or
! the Securities Company. Such bonds as re
i main in the treasury of the company ■■
■ retired by the sinking fund will receive in
terest at the rate of ... rent per annul*
It Is believed by the directors at your
company thai the holders of the preferred
an.l common stock of this company nU
profit greatly by carrying out thi.* piaz.
The increase" of business m ■) the inereasis?
value of the sto^k held by it in the Securi
ties Company should assure not only tc»
payment of the 7 per cent dividends en t»
pref< -i-^l stock, but should enhance tf.»
dividend earning power of the comnca
i stock Further advantaifea are secured •
both classes of stockholders by exerclst-5
the prlrile«e wMcl is to be offered to tnea
of subscribing pro rata to the entire "■
of $15,000,000 cf bonds of the- Securities toS
pany. convertible into the common stock or
this company, a riehr which it is believaa
will prove of considerable value.
BOSTON STOCKS.
(Furnished by R. L. Day & Co.. So. 37 **
street.)
.V0v.23.N0v.25. >-ov^.Nc"-»
Bos & Alb.- 222 222 1 * United Fruit. 193 I*>
Boston Elera29% 128 ' Ca! & Hecla.s>v> •S;J
rJß*rsT.l«« 157 ' ii Centennial Ml. I'^
FltchbK pf !'> un^|Oßpnuff»aK7] ;,
\T.XH* 11. !» I.A\t I rranklta M.. 11 "
Old Colony.. IST IST I C.ranby M. -- +* *}-
\V BSt '•:■ '••"■'-■ I" 11 * Mass Cons M ;; ' * .4
do vnt MM ' I>4 Miilws M • JJ«
Haas El <-os v.-\ 19% No Butte.... 35. »*
do pref... M "•" ! Osceola M I. '-• - *%J
Am rnpiim.. 4", 4%; Old Dots M. . 414 «"■
do pref... UVj U t-i Parrot M B ■
Ken Ens T 1"T ; 137 V Tamarack V.J9 <%
West T « Til 17«i:Wo'verin*. M.l£ 'g
.-,, r, r .f :• > 9»'i I' S Smelters 3« ■■?„
Vn Shoe -M- M M I do pref..,. 4*»<, *JJ>
•5« 4 29 . M .-« c,a«. . o<> •••
Amman M. * * '■* do. pref. .. . OT
Atlnnti- M.. .7 „ rtak 23^ -»
Shannon 31. K*i '-*'
•K\ dividend.
BANK STOCKS.
ported by Clinton Gilbert Na - Wan <«^*
Anurioa .. . ■"■'• «» Irv'nc XE- * 3
Am F*<-h. .. •-■.•..» — I •' f^^T-wn — *__
Andubcn N. 11"» I^> IJI-rty 3->
.Ktna Xa?.. 1". IM> tiwoln **
notch* !>.- l» J« [Xwwniß. •■ «» l^
I.rvant Ik.. 1". JOI .Win I -..lita n. S« -
Coal A I X-. VC. I---* !M«>rchir-.tV... IT9 *J
• ;;.. v ... itV» 175 i Merchant*' E 1|» 12
«-h:, ,- .:. *=« & Mount Mnrrls JjO 5
Chatham ... :"" SW Mutual -* 1.
rbeiniral ... «» '•■' iX:»s»nu -« _
C« Cenl X. l.^> IS3 Nat BfKTJf - »*
iltv .... 3-0 «3 X.w NVth 1 d -K> S
< ,-t I;:.--: Hj S Kg£K 2 IS
Fa»l Uiv.T. 113 13 ] , ui!c *v :C3
!... • . . : j,^
Flrat Nat... Ms» — IjT O1 * 11 * 9 T. k > i\«
Fourth ,^C.:l9a l»- jIV-luce Ex.. It- __
SSKS ■ - S S ■ »
German E.. 4« g» k, xVar>L i ! i- =
KTW.r.^-i- - -
•New stock.
GOVERNMENT BONDS. . f
Sml with Wednesday a -Vox , -3^
,-. S. .... M» .-I"!,* if if
■aassafl liH>U .. 1 l*> 3 . ,v *■
ranama 2^ res.. _ Itttt • •
Panama 2*. re*. iw». -•*""»

xml | txt