New-York tribune., 1907-11-08
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses ua-.
tive sellers in the local market on arbttrage a.
count, putting out upward OF g., 900 shares ~
sales included the Hill shares. United States sts
Canadian Pacific. Union Pacific. Reading 49,
Pennsylvania. In addition To the arbitrage sallfl
there was liquidation by houses with foreign co-s
nections. especially for German account In To-
don the general market depressed as a rss,,.
of the advance in the Bank Of England's dfscor-s
rate and a similar movement by the Rant :,
France. ConsOls declined to s1Iz Call r1o,.
In strong demand at 5l4 per cent and tS-s.
months bills discounted at 67s per cent -
highest rate in many years. Continental bor-..
closed weak. Paris exchange on London "a,
strong.
CONSOLIDATED EXCHANGE NEWS
dore Schmidt, a real estate operator OF No ,ss
Broadway. and s. Emanuel. have been admitted -
membership in the Consolidated Stock Exchsnv.
Thomas H Ripley has formed partnership uisL
Abram p. Cooper, formerly manager of the Nsa-
ark branch office Of Malcolm & Coombe for ~.
transaction of commission business in stocks ana
bonds. with offices In Newark Adams C. Sumner
has been elected to a vacancy in the board ~ zoT
ernors in the Consolidated Stock Exchange
AMERICAN TOBACCO.-Although the America,
Tobacco company's common dividend rate for -
current quarter is only 21z per cent and 2l5 na-
cent extra. compared with pa per cent and =.
per cent extra for the corresponding quarter ast
year, the company will pay Its common stockhod-
ers this year total of 25 per against 22L pa-
cent paid IN 1906 This higher total rate is drs
TO the increased extra dividends paid the last Nv,
previous quarters. AS the American Tobacco Com
pany has s40. 242O 900 common stock outstanding
dividend rate Of 25 per cent means s10.O6O60 paid
steel. RAIL ORDERS.-A Pittsburz dispstcs
SAYS 1t Is understood that the delay IN placing 81
steel rail orders for 1908 is to be ended within thirty
days. BY that time. according to reports. there
will be upward OF 100000 tons OF new rail orders
placed. possibly more. predictions being close
to 100000 tons. This vast tonnage. amount
ing to least $50 700. should do much place
the trade in its norma position
ADMITTED TO LISI-At a special meeting q,
the governing committee of the Stock ExchanZs
Yesterday there was admitted to the list ssOeSa0sS
T--sNo EN1Fau 81 81
cent sinking fund bonds. due 1893
STOCK EXCHANGE SEATS DOWN.-Ths Stock
Exchange membership of the late ]. " Quigley
who died last summer. has been sold TO Anson W.
Hard. IT.. for $4,000 This price compares with
est since 1904 when seat brought $4,000 Tn.
highest price paid was s95,00O-
PACIFIC COAST EARNINGS.-Earnings OF ths
Pacific Coast Company show improvement. accord
ing the reports received yesterday. and interests
identified with the property look for better results
in the current year than in the fiscal year ended
June 50 The report for that year does not Include
far earnings the stock are concerned. the
large profits from land sales. which amounted TO
sum materially in excess Of dividends on the
mon The common is on n 5 per cent annual basis.
and closed yesterday at 64s4-
A. c. JAMES ON UNITED STATES TRUST
COMPANY BOARD--Arthur Curtiss James has
been elected director OF the United States Trust
Company to succeed his father. the late D. Willis
James. John S. Kennedy has been elected
Der OF the executive committee
NEW STOCK EXCHANGE MEMBER-Fred
erck d. Holder, senior member of the firm OF c.
Schumacher & Co. elected a member OF the
New York Stock Exchange yesterday
DIVIDENDS DECLARED.-The directors Of tn.
Teziutlan Copper Mining Company have declared
the regular quarterly dividend Of IL per and
an extra dividend OF one-haIf OF per cent payabls
November IL