New-York tribune., 1906-11-21
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses bought
$4,000 shares balance in the local market There
was an active London demand for Mexican Central
issues. In the London market prices as q rule
were frnL with further strength in the copper is
sues. Discount rates were fractionaly higher in
the British capital but at Continental points rates
We're unchanged.
BIG FOUR STOCK ISSUE.-In pursuance to
authority granted by the stockholders at spe-
cial meeting October 81 last the board Of direct
ors of the Cleveland, Cincinnati Chicago & St Louis
Railway Company, at a meeting held yesterday
voted TO issue S0000.00O new common stock. to be
offered for subscription to stockholders OF record
as of December L. at $50 share. For the purposes
OF this subscription transfer books will CLOSE De-
cember Is and reopen January q The privilege Of
subscription expires January 81 next Payments
may be made on and after February Ii. but must
be completed by February 27. The stock will
carry all dividends accruing after March 1 next
PEOPLES CASA Chicago report says that
there will be new issue of Peoples Gas stock
after the first of the new year. The consumption
of gas in Chicago has grown rapidly and the COM
pany's facilities have become inadequate. The IS
cent rate for gas has been thoroughly tested since
II went into effect last February and the earn
ings are said to be ample TO take Of more
securities without disturbing the per cent rate
paid the stock.
DEMAND FOR SCOTCH 1RON.-The Scottish
iron market is booming on inquiries from the
United States The regular steamship lines have
advanced freight rates and the Scottish houses are
charterng special steamships. Fifty thousand tons
of iron have already been shipped.
GENERAL NEUTRALITY-SUSPICIOUS. OF the
General Electric Company have authorized the in
crease in stock of from $50 100000 TO sS000000
Gently proposed by the directors. The total amount
shares be issued at is about 81. 1.oOo.-
0o0 The stock of the company was strong in yes
terdays market the quotation making the rights
on the stock worth S13 90
NILES -BEMENT-P POND STOCK INCREASE
stockholders of the Nies-Bement- Pond Company
have voted to increase the common stock s350000o.
The proceeds from the sale of the stock VIII be
used to reimburse the treasury for money appropr-
ated for outside investments and for general i'm
provements and additions to the plants.
ATLANTIC COAST LINE DIVIDEND UN-
Observation-Disclosures OF the Atlantic Coast Line
have declared the regular semi-annual dividend Of
per cent the common stock At the annual
meeting of the company yesterday Warren Deano.
jr.. elected a director to fill vacancy. Off,
reelected.
PIG IRON CERTIFTCATES.-Pig iron oertif-
Gates at the New York Produce Exchange were
steady for regular and slightly easier for standard
foundry There sales Prices for reg
ular follow; Cash. November and December, As9
s1s go Quotations for standard foundry follow:
January, so 70 asked; February 81 70 bid March.
S229S23
ASSOCIATED MERCHANTS EXTRA COMMON
DIVIDEND.-The Associated Merchants Company
has declared the usual quarterly dividend of IA
per cent and the customary extra dividend OF II Of
l per cent Its common stock. payable Decem-
Der !.
NEW DIRECTOR OF PRODUCE EXCHANGE
BANK.-At a meeting of board of directors of
the New York Produce Exchange Bank, held yes
terday. John A Hance q member Of the Stock
Exchange firm OF Jesup & Lamont, unani-
mousy elected director.
NEW YORK DOCK COMPANY-At the annual
stockholders meeting Of the New York Dock Com
pany Andrew W. Smith elected director in
place OF George W. Young, whose term had ex-
pired. Other directors were reelected.
APPLICATION TO LIST.-Applcation has been
made to the New York Stock Exchange to list
S9 coo third mortgage extended per cent bonds
of 1888 of the Missouri Pacific Railway Company.
GENERAL CHEMICAL DIVIDEND.-The direo-
tors Of the General Chemical Company have de-
cared the regular quarterly dividend Of Ia per
cent on the preferred stock payable on January 2,
1917