The Washington times., 1906-09-27
FINANCIAL GOSSIP

II is generally believed that an IN
crease in the Anaconda dividend VIII
forecast an Increase in the Amalgamat-
ed dividend. II is claimed by some
that the Anaconda is earning at the
rate OF nearly S1.000.0oo per month.
Directors OF the Manila Electric Rail-
road and Lighting Corporation have de-
cIared the regular semi-annual dividend
of / per cent on the capital stock of
the company.
II is reported at Berlin that if the
Bank OF England should make another
advance in its minimum rate Of dis
count. the Imperial Bank OF Germany
viii raise the official rate from 10
6 FER cent
The equity of the Northern Pacific in
tho &. H. & Q. rs stated 70 be worth
fully s5O000.O00, and II disposed Of il is
hard 10 see how il can yield the North
ern Pacific less than that sum-
y big copper company consolidation Is
under consideration - the properties
controlled by the GuEgenheims, includ-
ing the Utah Copper Company, Nevada
Consolidated Company, and tire Cum
i@rlanI ely Company, the mining de-
pa-tment of the American Smelling and
Refining Company
According 10 an officer Of the Corn
Products Refining Company back diyi-
dends on the preferred stock will
amount 10 % per cent January l. The
earnings a. the company thus far this
year have been at the rate Of l4 TO 10
Per cent ON the preferred stock.
Application will soon be made to list
the CRANKY Consolidated Copper Com
pany upon the New York Stock Ex-
change. The par value OF the shares
will soon DE changed from $40 to 800,
and the certificates of stock to meet the
demands of the exchange are being pre-
pared. This will be the hrst copper stock.
outside OF ANA algamated and Anaconda,
10 be listed on the New York Stock
Exchange.
a special meeting of the st0Ckhold-
ers OF the Norfolk and Southern Railway
Company viii be held at Norfolk, Va.
October l6 10 vote upon an increase of
the capital stock of the company from
100000 TO 100000 and to provide for
additional increases of capital from time
10 time as may be required for the
general purposes of the company.
The orders for 1850 freight cars given
by the New York Central Tor delivery IN
1907 haN been awarded.
The stock exchange has listed an addi-
tiDnai s. 402 700 of the common stock of
the Cleveland, Cincinnati. Chicago and
St Louis Railroad. This makes the
total amount listed SforO0OUJO-
The p.eeting of the directors Of the
United Copper Company. which was
scheduled for Tuesday, has been post
pOEed until Friday. Action on the divl-
dends viii then he taken.
Traffic on the Pennsylvania has be-
come so heavy that on several occasions
shipments are said 20 have been de-
clined because of a lack Of cars for their
traT sportation.
The director Of the mint purchased
100000 ounces of silver Wednesday for
delivery al the Denver mint. The price
paid was 6S.76 cents per fine ounce,
slight advance over the price last week.
The New York Tribune saws it is
rumored In wall Street that the stock
formerly held by the Pennsylvania
Railroad Company IN Norfolk and
Western which was sold 10 Kuhn, Loeb
a. Co. will eventually pass into the
hands of r. H Rogers and his asSO-
Ciates in the interest of the Deepwater
and TideWater railroad, which Is being
constructed through the NIrginias.