New-York tribune., 1906-12-06
WALL STREET AND EXCHANGES,

WALL STREET AND EXCHANGES.
FOREIGN TRADING.-Foreign houses dealt IN
% 900 shares in the local market. all purchases IN
London the general market was STEADY Wlthout IN
portant movement Money was somewhat easier
but anxiety was expressed over the monetary
situation in New York. u IS expected that tho
Bank of England will make strong showing TO-
dav but II is not believed that there viii De any
change in the minimum rate OF discount
DIVIDENDS DECLARED--The directors OF the
Wheeling & Lake Erie have declared a dividend OF
per cent on the preferred stock for the ha year.
placing the issue on per cent basis directors
OF the Mackay companies have declared the regular
quarterly dividend Of per cent on the pre1eFEeo
stock and I per cent the common payable on
January 2 The regular quarterly dividend OF IL
nar cent On the stock of the New York. Lacka~
wanna &. Western has been declared. payable on
January 2. The regular semi annual dividend OF 4
per cent on the capital stock OF the Rensselaer, &
Saratoga Railroad will be paid On January 2 Ihe
Mohawk Mining Company has declared semi
annual dividend Of per cent, an increase OF per
cent over the last preceding payment Directors
Of the Atchison. Topeka & Santa Fe have declared
the regular se-annual dividend OF "a per cent on
the preferred stock and the regular serni-annual
dividend Of 21z per cent on the common Directors
of the American Tobacco Company have declared
the regular quarterly dividend Of IL per cent On
the preferred stock. payable January g. The
New York Central has advanced its dividend rate
10 a per cent basis, The Standard Screw and
Nut Company has declared a regular dividend.
seui-annuaI. OF s per cent on the preferred stock
and 213 per cent the common Directors Of the
Interborough Rapid Transit Company have de-
cIared regular quarterly dividend Of pa per cent
Directors OF the Maryland Coal Company have de-
cIared IN addition 10 the regular semi annual PA
per cent the preferred stock, an extra dividend
Of IL per cent, payable on December 81 The Chi
cago & Northwestern directors have declared the
regular serni-annuaI dividend Of 81 per cent Ths
New York & Harlem Railroad Company has de-
clared the regular seuli-annual dividend, payable
on January 2 10 stockholders OF record December
clared its quarterly dividend payable on January
10 stockholders Of record December %.
FAILURES IN NOVEMBER.-CommerciaI fail
ures in the United States in the month OF Noveu-
Der were SS5 in number and S1.9s07s2 II amount OF
liza bilities according 10 statistics Compiled by
'Duns Review from reports by branch Offices oS
R C. Dun Co. In the corresponding month last
year there were 81 defaults with total indebted
ness OF IS $50 79s but single suspension Of an IN
surance company supplied more than the increase
in total liabilities over last years figures. that
mere comparison Of aggregate loss for the month
would be Indicative OF the actual condition OF
business. In manufacturing occupations there
were 212 failures, involving s. 29 1872 against 1s7
last year when total Hat Utilities SASH AS Trad
ing losses numbered 647. against 5s1 in 1905. while
liabilities were 81 $50 415. compared with $42551
year ago. In the third class Of insurance. broker
age and similar concerns not properly included in
the two great commercial divisions. there were
twenJy-sx failures. with Indebtedness of 81 429e
175, whereas in November 1860 the twentynine fall
in this class supplied liabilities only S29S
Five banks and other hducarv institutions suspend
with lie bilites OF S592 against four failures
IN this class last year, when the amount involved
was only S111,2oO.
NEW COBALT MINE UNDERwRITING-
Thomas Nevins & Sons announce that they are re-
ceiving underwriting subscriptions the stock OF
the Cobalt Central Mines Company. which has ac-
quired control of number of valuable mines COM
prising approximately 2O5 acres, located in Coleman
Township. in the heart Of the richest cobalt dis
trtct. Among the mines acquired are the Big
Pete mine. the title of which is by Crown grant
and tvo-thirds Of the Powell claim adjoining COM
prisinE thirty-three acres. bounded by the Nipis-
sing on the Forth and the Bailey mine the south:
Lot IS b as Yet unnamed, which consists OF about
thrty-fve acres, surrounded by the Nipissing. Big
Pete Silver Leaf and Foster mines. adjacent to the
University. Lawson and Jacobs and several other
valuable claims rich in silver cobalt bloom. gaIena
and copper ores. as we'll as material values in gold
THE COST or LIVING-Dun's Index Number
OF commodity prices propOrtioned 70 Consunption
was Sl0Sl72 on December L against S1CS 6SS in the
preceding month and S05Sl2 year ago The rise
IN prices in November lifted the cost Of conmodi-
ties 20 the highest position since February 1SS4
but the other hand, The present level OF quota
tious is low compared with almost anv date over
twenty-five years ago. Practically all the rise in
The last month was provided by dairy and garden
products. sharp advances occurring in several artt-
cles of large consumption, such as eggs. butter
milk and hay The rise in hay is a natural result
of the short crop this year while the other prod
ucts merely responded 10 the seasonabIe decline in
output. In clothing and metals there was also
some advance. but the changes We're less cOnsplcr-
GUS In these Two departments the consumer has
not felt the rise in the las; month because II was
confined almost entirely 20 the raw raterals
COFFEE MARKET CONDITIONS Wealness IN
the coffee market may he attributed 20 liquidation
uN speculative interests. 70 doubt and rnisappr
hension as 70 the general question OF the enforce
meht or The surtax In the minor coffee states ~
brazil and 70 the introduction OF the conversto,
question into Brazilian politics The liberal re-
celpts or 4St" coffee also may be said 70 have a
Gearing on the declining prices. but conpetenr
Judges OF the situation place bulk Of the blame
On 'hs lnopportune arrival OF the conversion
Schehe' coming the heels OF the valoriza4io,
seIeihe' which already Is but half digested
O<A-><ADiAN PACIFIC-The Canadian Pac,g,
1'Si"ay al the present time has an order IN tba
ouIse OF delivery for rolling stock 70 the arnolr-
= = ~'V'0o'o' 4he company's orders for new rollins
800 1oA mean an Increase OF about SO per cent in ~
OF the road and will enable IL 70 Increase
sS 10 a material extent The COMPANY