The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-11-25
FINANCIAL GOSSIP

Thirty-three of the leading banks Of
Mexico have "a capitalization of Sl3S POO
coo. and their shares are on the average
worth more than double their par value.
with the payment next month or a
quarterly dividend of $3.50 a share, the
seventy eighth disbursement since or
ganization, the Quincy Mining Company
viii have paid total of $l6.47oO0O in
dividends.
Reported private advices to Wall
Street state that the central West is
now shipping funds TO New York. II is
noted that the exchange Of the central
West cities is more in favor OF New
York.
The Union Pacific report IS looked for
at most any time now. and il is ex-
pected to be a document Of the greatest
Importance 10 the bulls. who are ex-
ceedingly ANXIOUS for its appearance.
Certain differences are said TO have
s~iseu in The board OF the Missouri.
Kansas and Texas railway which may
possibly culmiEate in a change in the
management OF the company. The diff
fcuity is reported to be concerned with
questions of operation.
IL is reported that there is d pretty
large private borrowing demand now.
Some Of the houses referring to 1t say
they have lent stocks privately This
demand is. of course. concealed to a
large extent. IL comes mainly from
professional operators.
The cash holdings of the United states
Steel Corporation are now larger than
they have been at any time since the
organization of the company, standing
between $4,000. 600 and 100000, 600 The
cash of the corporation is larger than
the recent statements indicate as a
comparatively small amount of the 1905
appropriations for new construction has
been actually spent
The attempt 20 advance Shelters does
not seem to meet with much sympathy
or support on the part of the Guggen-
helm interests. This has oecasioned
some surprise, as the latter were report
ed. a few days ago, as being willing 10
afford support In this direction. Selling
orders were in the hands of specialists
and they were executed on all attempts
20 advance prices.
The bear crowd is said To be working
on Union Pacific. with no opposition
worthy Of name. They recognize this
as the key To the whole market and
are depressing il easily. The interests
In il that are usually bullish are leav-
ing il absolutely without any support
ing orders whatever and IL looks as
though they are encouraging "a short in
Jerest In II. When they are ready TO
turn il up they can do so without the
slightest trouble. as the bears are enor-
mously short. and many of them are
pretty weak.
The Nebraska Bankers Association
has rejected the plan OF currency re-
form proposed by the commission of
the Americas Bankers Association
After a lively debate the convention on
Thursday night adopted "A resolution
opposing the issue in time of financ al
peace like the present Of any bank note
currency EXCEPT that now authorized.
Another resolution adopted favored leg
islation by Congress authorizing the is
sue of an emergency circulation to be
taxed so heavily that il would not be
issued except IN time OF great CONNER
Cial striugencY and would be speedily
retired when the emergency passed
Not in years has Standard Oil had
such an excited market as during the
past week. Although the total of sales
was not great it was exceptionally large
FOR this stock. and represented a larger
volume OF business than has been trans
acted In the past year 1t sold down 10
800. which is the lowest price on the
4 few IL IL
ex-dividend SO and with this added on
al the present low a is ten points below
that Of week ago. Al 500 the stock
shows a shFinkage Of S195. 600. 600 from
and a shrinkage of S335. 900 in the
value of the stock from the highest
price il ever sold at. which occurred in
1902 The selling was scattered and
Ieame from frightened holders of mall
mounts,