New-York tribune., 1906-12-07
WALL STREET AND EXCHANGES.


FOREIGN TRADING-Foreign houses dealt in
10000 shares in the local market. all purchases In
London the general market was steady. with espe-
cial strength in the American department The
Bank Of England made no change In it's minimum
rate Of discount, although the return made rela-
a trihe hrmer- There were no changes Of impOr-
tance on the Continental bourses and particular
activity In money.
DIVIDENDS observation-disclosures OF the Elec-
trio Boat Company have declared the regular quar-
terly dividend Of per cent the preferred stock
and Ter cent the common stock for the year
ending December 81. Directors Of the Ingersoll-
Rand Company have declared semi annual divi-
dend on the preferred stock. payable January I.
The American Snuff Company has declared the
regular quarterly dividends OF IA per on the
preferrsd and 21z on the common, payable on jan
uary 2. The Hooking Valley Railroad has declared
the regular semi-annuaI dividends OF per cent on
the preferred stock and IL the common. payable
January a. The Celluloid Company has declared
regular quarterly dividend Of IA per and an
extra dividend Of per cent payable December 81.
The Chicago, Indianapolis & Louisville has declared
the regular senI-annual dividend Of 2 per cent on
the preferred stock and IA per cent on the COM
The Interborough-Metropolta Company has de-
claFed the regular quarterly dividend OF Ia per
cent on the cumulative preferred stock Directors
of the Denver & Rio Grande have declared the
regular sem-annual dividend Of 2I5 per cent on the
preferred stock. The American Car and Foundry
Company has declared the regular quarterly divi-
dend of ia per cent on the preferred stock and
one-half Of per cent the common.
NICKEL PIAATE.-So far only SIS 900 first mort
gage per cent gold sinking fund bonds Of the
New York Chicago & St. Louis have been offered
for redemption under the sinking fund provision
for the year 1905 These bonds were purchased for
the sinking fund at 1O2 and interest Under the
mortgage a sinking fund OF 100000 year Is pro-
vided when net earnings are $4,000 or more to be
used for the purchase OF bonds at or below 1O2 and
interest. If no bonds are offered at these prices
the sinking fund for the years Iapses leaving 800
co more for dividends. This amounts to about I
per cent on the second preferred stock The fact
that the offerings small leaving so far $4,000
to net earnings. Is Of interest. because there is
some talk OF increasing the dividend on the second
preferred from per cent. which was paid last
March. TO per cent
NEW ORLEANS MONEY sITUATToN-Tha
money market at New Orleans continues firm, vri4b
an active demand. and banks are still restricting
themselves to meeting legitimate business rsnrIfrs
ments- Call loans still quoted at 7 per cent
The weekly bank statement shows some recession
on this item. and deposits are also somewhat
smaller: Foreign bills OF exchange have been IN
brisk offering all through the week rsAectfne +ba
continued activity IN the spot cotton r,arla+ NJ
mestic exchange has been very heavy and Drsc.,
caly unstable during the latter half of last week
closing with commercial bills quoted norninaly az
81 Is discount and bank at 81 discount
PIG IRON CERTIFICATES iron rsrtieca+..
az the New York Produce Exchange 1rAra So
but without important changes in prices -rbsra
were no sales Prices for regular follow: Cash ana
December S2OqS22 Quotations for new standard
SIS 5oaS24 so; March. s2Sas24 2S
AMERICAN COTTON OIL DIRECTORS RE
ELECTED-At the annual meeting OF the stool,
holders OF the American Cotton OIL Company baI1
at az 1uttennurg' N J.. yesterday, Bradish Johnson
william Barbour and J. B. McMahon whose terms
OF office as directors expire were reelected rba
meeting was purely of a routine nature
PRESIDENT OF NIPISSING MAKES STATE
MENT.-E P. Earle. president OF the Nipissfno-
Mines Company. said yesterday: '.Any stater,..s
that our ores cannot be treated is faIss E
carload that is shipped from the mines IS practi
cally sold before IT leaves Cobalt We are now
sinking five shafts depth Of from 100 70 200 Feet
on the more important VEINS
NEW UNITED STATES RUBBER DTRECTOpa
AT meeting OF the directors Of the United Sta+as
Rubber Company yesterday Homer q SAWYER rsD
eral manager Of the company. elected a direc
tor. John ]. Watson tr. treasurer OF the cor,raD-
was elected member OF the executive cor,r,itt
CHICAGO CURRENCY MOvEMENT-In NJ
Tember Chicago banks shipped s1s5sl OOo % +La
country. Receipts were about sOO0OO ana Oa4
oss S'0"2oo For eleven months Chicago banks
show net loss Of s7O5Z7.s4o on the movement
CAR AND FOUNDRY EARNINGS Tg. -.
earnings OF the American Car and Foundry Com
'any for the quarter ended October 81 vsrs q -
SS This compares with a657.O5S in the prece5fns,
~ aIu SL,+So.4So IN the quarter ended April So
COTTON EXCHANGE To CTIOsE-T7,. n1.~. -
'ers or the Cotton Exchange have voted p, cIos.
ne exchange on Monday. December q ,ns -
Monday. December 81 N On /
oIoCA E~ACHANGE SEATS LOwER-A SEA.
m the New York Stock Exchange was .oIa -.
IA lay @ for 'S26OO The last preceding sale was =,
NEW sEABoARD NATIONAL, DrREcvvo,
,onh r, Archoold has been elected a director -.
80 100 national Bank to MI the vacancy
hoST
MONEY FOR NEW ORLEANS Local h,.,-
ass ooo through the sub-Treasury YESTERDAY,
oor -Ir fEE EXCHANGE HOLIDAYS -. /
SoIee Exehanse will vote Tuesday on tbs
question OF closing the excbsnq. On ,,S gu Sne
emoer q. and Monday. Deceuher 81