New-York tribune., 1907-11-27
TOPICS OF THE STREET

FOREIGN TRADINe-Foreign hopss.
active factors in the local market dealing Inn not
l5.O00 shares, evenly divided The Lonlon aoout
ment disclosed small bull account in Arsue-
issues and buying for the new account Ne ,iican
The contango on American issues was from 81
"a per cent. The banks charged 6l1 Der 20
Stock Exchange loans. The general Iondon ior
ket quiet, closing steady. Discou1t har-
easier. and short time bills were nTo.'es .a'es
low as 61s per cent. The release OF gold i1te,as AZ
for India had favorable effect upon ths Tsnaed
money market while the disposition OF Psrs. Psaon N
send gold TO the United States also heInaS 20
London position. us
MARKET GOSSIP-Many active buyers v,.
Gently were heavy sellers for short accouut rs ~
active buyers yesterday. exhibiting consldarsS1
uneasinesS over the scarcity OF stocks Offering .s
the appearance in the market OF substantial 80. SIC
port TO issues that were weak features Mo15.F
J. 3. Russell & Co. were noticeably active IA h.
rally. especially in Union Pacific In the afternoo.
f. +. Hutton & Co.. who have been borrower, !.
stock lately. and have done a good deal OF M,
ness for active operators on the bear side an
peared TO be putting out Union Pacific Giietlv -
the general strength, but they also were b1v.~.
particularly in the morning. Foster & I.ounsb.-s
were heavy buyers OF Union Pacific. and c. B. Ma
donald also was among those who took good siz,s
blocks of the stock. Liquidation continued IN M,
souri, Pacific. despite semi-ofclal denials thar a.
dividend would be reduced The fact that n.
market became more active on the advance ua
considered good sign. G. VI. Minzeshener anS
E. Wassermann rallied Reading in the first hour
the former buying altogether about i've thousand
shares. The stock seems Oversold. and Is n a.
mand in the loan crowd under the usual rate. !,
has figured rather largely In the odd lot huyfnx
lately. and has many friends among conservatsvs
commission houses, who base their advice TO Gus,
toners the undoubtedly large earning capacity
and the maintenance or earnings.
CURRENCY TRANsFERS-The transfers os
currency yesterday through the Sub-Treasury az
gregated sO55OOo. follows: Chicago. $4,000; ST
Louis. s25O.0OO; Philadelphia S1SO0O, and Denver
$4,000.
DIVIDENDS Observation-Disclosures have b.,
dclared as follows: Central Leather Company rsz
uar quarterly Ia per cent, payable the pref.rres
stock United States Leather Company regular
1is per cent the preferred The Underwood
Typewriter Company's regular semiannual p.r
cent on it's first and second preferred stocks nav
able January 20.
NOVEMBER RAILROAD EARNINGS Rafir,as,
in the United States reporting yesterday for tss
third week IN November show for five companies
total loss OF S19G.S02 and for companies tn.aI
gain Of s24552. The heaviest loss was made bv
the Texas & Pacific. amounting to ss1,64s.
NEW STOCK EXCHANGE SUPERINTENDENT
John Byrnes, who for many years has been
member OF the Stock Exchanges star OF employees
has been appointed superintendent OF the exchanz.
to succeed the late Charles Deacon
NEW CASHIER FOR PRODUCE EXCHANGE
BANK--John r Wood has been appointed cashier
OF the New York Produce Exchange Bank, IN pIacs
Of William A. Sherman. resigned.
CANADIAN PACIFICS GAIN.-Earnings Of ira
Canadian Pacific Railway for the third week IN
November show a gain Of s225, ,O0o making iron,
July 1 gain Of s2.6j2.T1T-
SECURITIES LISTED-The New York Stock
Exchange has added to the list s3O3442OO pre-
ferred and S30.026 400 common stock trust certa-
asserting to the extension OF the voting truss
of the international Mercantile Marine Company.
CALL FOR COBALT CENTRAL MEETING
The annual meeting OF the stockholders OF the Co
bait Central Mines Company will be held on De-
fer books close November - and reopen Deoen-
Der 81.