New-York tribune., 1905-11-19


crossed 15o This was the figure fixed by ths poo,
all along, and also at which a suhstxn,i,l
short account was stopped and permitted to cover
CANADIAN PACIFIC.-Earnings OF the Canadian
Pacific for the second week in November showed an
increase of s2S500O0. comparison being mads vitb
the same time year ago. The company Is Ia az
strong position any OF the large railway ss.-
TENS the American continent. It is asserted thar
the land holdings alone viii eventually proaucs
over three times the par value of the stock Az
this time there several conflicting interests
which are striving to large interest IN the
Canadian Pacific. large amount OF stock has
been absorbed IN the Eastern States. about inGa
shares. presumed to be by the Boston and Maine
interests, who desire TO have something to say IN
the Western traffic business. through the Canadian
Pacific. as the Canadian government insists upon
the Grand Trunk withdrawing their traffic arrange
mept from the Boston and Maine At the sams
time the Grand Trunk people Of Canada, who have
considerable political interest in the Dominion ara
urging the government to buy controlling inter
est In the Canadian Pacific, so they indirectly may
have something to say In Canadian Pacific affairs
This idea has large following in Canada. as many
think it proper for the Colonial government 70 ss-
solutely control the Canadian Pacific Railway. Ths
stock is largely distributed The average holding
made up by the company last spring was IN Tia
neighborhood Of about fifty shares each but Berlin
the last six months The lines belonging to ths
Canadian Pacific known as the 500" in the United
States have become very important to the Canadian
Pacific interests. Their increased earnings ara con
tinuing to keep increasing and already haEs IN
creased to the rate OF 40 per cent this year. Last
year they increased some So per cent, making
total increase of 70 per cent in two years
STANDARD ROPE AND TWINH Co.-Ths re-
eeivers of the Standard Rope and Twtns Com
pany having reported that they have paid all tbs
unsecured Indebtedness of the corporation end thss
the indebtedness remaining unpaid consists Of the
first mortgage bonds on which there was ous on
July 1 last s., ,Ss07O0 and the outstanding Second
mortgage bonds, which there was dus On ths
same date S. S05. 9O0 and that proceedings Tor ths
foreclosure of the mortgages are now being takrfs
Chancellor Magic has ordered that the stocksoadan
and creditors Of the company show Gauss ocfoss
the court at Trenton on November % why ths CO.'S
poration should not be dissolved and its charta
declared forfeited and void.
STOCK EXCHANGE Notwithstanding trsns
ferred. Harry B. Hollins Jr, TO Spencer n. Maesns
at w. H. Goadby & Co.'s, "a Broadway. MernbsF-
ships posted for transfer: A Wolff, tr to AauEics
RothschiId; sponsors, Otto Lowengard and Georss
W. Stern. James L Raymond deceased to VIII
lam NJ. Elkins; sponsors George p. Post, tr4 and
Robert D. Wrenn. Dissolution OF copartnership-
November H. 1905, Tracy & Co. New copart-
nerships-Tefft ParmeIee s. Nash. November IL
1895 Nassau street; Erastus T. Tent, Charles
Parmelee, Walter II. Nash, Mark w. Reeves
Tracy & Co.. November Il. 1905. 20 Wall street;
W. W. Tracy. f. d. Ketcham, Frederick W. Parker
and R. D. Covington. Change in frm-A- q. Ed
wards & Sons; Theodore D. Peck admitted.
THE COTTON MoVENENT-Accordingt to ~Ths
Financial Chronicle" the total receipts OF cotton
for the week ended November II. 1905, were Sslzs0
bales against 364 s55 bales last week. 3A,60 the
previous week 292 bales the week before that
The total receipts since September 1 are ssz,ss
bales against 3,S4o,369 for the same period las'
year a decrease Of 457S1 bales. TelegrapAie aa-
vices from the South indicate that. on the vnole,
the weather has continued favorable during tho
week The gathering of the crop has mads very
satisfactory headway, and marketing has eoA-
tinued free although there is disposition in soma
localities to hold cotton for higher prices.
800" PREFERRED STOCK--A plan is on 1901
at present for the Minneapolis. st. Paul and sau4I
Ste Marie to retire its preferred stock Dy paS11s
for the stock in bonds of the Minneapolis and Saui
Ste Marie for 225 per cent guaranteed by the cana
dian Pacific. The statement that there Is po0i
existing in the stock, that a great line mel-
chant in the city of New-York owns 10000 sharss'
is not true He has at times owned 5000 snafeS'
but only owned them for a few days ana sola tHsns
out at a profit. The largest individual holder =
supposed to be a prominent ex-Congressman.
UNITED STATES STEEL CORPORAT1oN.-A
director of the United States Steel CorporaLion
says it has been demonstrated IN many hles ou
ing the last few months that consumption -A7
oyertaken production, and as a result prices A~'S
been advanced several times. Other advances are
inevitable Consumption shows no signs OF letuns
up; in fact everything indicates that 1t Is SIN %
the increase and next year should be oy IaE ~
best in our history. -
MITCHELL MINING DIVIDEND.-Ihe elFlte-N
of per cent declared by the Mitchell Mining - -.
pany distributed in bi-monthIy payments over -
year 1906, means return to stockholders OF ~.
900 out OF the 81, 10000 expended on the pFOP0-S
three years of development work Returns - -
the smelter for October TO be announced Ii 7,
days will, it is said, make an excellent sno"4Ae
was not until the returns were reported 10 s 'Ie
ecutive offices here that the dividend actiOA
taken, -. vs-au
CROP MOVEMENT LOSS sos. .s01. .S00.--1 Inc ~ ~
Street Journars'' records show that the New a.
associated banks have furnished to the interior e.
rectIy and by payments to the sub-Ire@sus so
correspondent banks SOS sOl geo net cash sineo n,
gust In excess OF receipts from the hltefi'.
this amount S54e 900 shipped direct VI 40 ,as
ferred through the Sub-Treasury, and S4'-''~
paid to the Sub-Treasury for correspondent
This record has never been exceeded Ian
APPLICATION TO LIST.-Applieation a-. hA9
made TO list 10000 additional hrst mo, ho0-1apd
per cent bonds OF 1852 of the Western N"-
Railroad Company on the Stock E1chSns E1@ r5urh
NEW CASHIER FOR MUTUAL ban BANlS-.--eer-
N. kirkland assistant cashier OF the Na-s,sr
cia1 Bank of Albany. has been appoih''u
of the Mutual Bank of New York --,.ga Of
BANK C,LEARINGS.-The total bank ciber
the United States for the week ended 80 - The
1s 1906 were ssas i67 ssS against $2slS s'''
preceding week and s22S0.s7Ss0s the