The Washington times., 1906-12-02
FINANCIAL GOSSIP

Pennsylvania has proved very disap-
pointing TO several traders, who boped II
would do something in the way OF a rise.
Its apparent readiness to down is dis
concerning, 70 say the least
The United States Subtreasurv has
transferred 100000 to San Francisco
for the New York banks. Money ought
TO be coming East instead of going
West. This makes $i.OOO,O0O in two weeks
on account Of insurance settlements.
The time for the deposit Of Waba~h
debentures under the plan for their ex-
change which expired Friday. will be
extended The plan calls for the deposit
Cf at least % per cent OF the debenture
B $. and SO far only a little more than
90 per cent have been deposited. It Is
understood that practically all the de-
benture AS have been deposited.
II was stated positively that the di-
Tectors Of the Great Northern Railway
Company will announce before January
] details of the isue of $4,000. 600 addi-
uonal stock, to which shareholders VIII
be given the privilege of subscribing NJ
par. The scheme has been outlined here
IOfOrc.
In list of fourteen iron. steel. and
coal stocks, which have been dealt in
on the stock exchange continuously dur
ing the past five years. but two are sell
Ing lower now than in 1901. Colorado
Fuel and Iron common and preferred
Doth or which paid dividends fiVe years
ago and which do not pay any now have
ialien 81 20 40 points in the intervening
time
The Bureau OF Labor staticians has
compiled figures regarding the organ
lied labor movement. From them il
appears that there are now upward of
$4,000 vase workers in the world who
are 3cuNe members OF unions. More
than 100000 reside in the United States
The action OF the directors of the Fed
cral Mining and Smelling Company in in
crcasing the dividend on the common
stock reflects the pronounced activity
~ the mining industry and higher
prices FOR she metal produced by the
corporation. The regulas' dividend of
ll2 FER cent and an extra dividend OF
3l2 per cent on the common stock com
Tares with lla per cent and 2la per cent
extra in each 0i the three preceding
quarters. In brief, the total disburse-
mcuts to common shareholders in the
current year viii aggregate Il per cent
The Republic Iron and Steel Company 5
earnings are increasing rapidly. and il
IS figured that la the month just closed
they viii exceed those of October
which was q record month. one inter
est of the Republic goes so far as to
say that earnings IN Morch of next
year VIII not fan far short of 500. 900.
The returns for last October showed net
earnings from operations of between
Sito.No and 500 0)0. In other words the
Republic Is now earning. at the rate
OF between s. o00.u uGl and Sc, 100000 a year
Canada's largest bank. the Bank OF
Montreal falls snort Of the National
city Bank, New Yorks largest insti-
tuition. in respect to total assets, by some
siXty-fve millions of dollars And be-
sides. nearly everybody knows that the
business OF the National City is con-
tained under one root while the busi-
ness OF the Bank of Montreal consists Of
the aggregate of some $50 branch offices
in Canada. together with that of branch
offices in New York city. Chicago Mex
SEQ City and Newfoundland.
The untitled business on the hooks of
81 lTnfTAl Gfafqg