New-York tribune., 1907-11-28
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses were not
active in the local market. buying about 1Oe@1
shares. A better feeling was reported in London
where prices for securities were strong. consols
advancing 4. Especial strength was shown BY the
copper shares under the lead of Rio Tinto- Dis
counts were lower, closing at 8 per cent ths
announcement that gold its way to England
from India, Australia and Egypt. American trads
oiuS were oered IN some duantlty ana Ihsre were
rJmors OF gold import cancellations Both Paris
believed the Bank Of England viii make strong
weekly return to-day.
GREAT NORTHERN PAPER DIVIDEND De
FERRED-Dirsctors of the Great Northern Pape-
Company have deferred action on the dividend
The company has been paying 11@ per cent quar-
terry. Garrett Schenck president OF the com
pany states that the net earnings for the ousT
ter ended October I applicable to dividends were
than twice the amount required for that pur-
pose. The action taken because the original
estimate OF the cost of construction Of q nev
paper plant East AIllinockett. Me. had been
largely exceeded and that this large excess cost
improvements could be met only by borrow
ing additional funds employing the earnings Of
the company In view Of present financial cOndi-
tions 1t was deemed advisable to pursue the latter
DIVIDENDS Observation-Disclosures have been
declared follows: Childs Company regular quar-
preferred. payable December 10. the dividend on
the common being an advance OF Z Of per cent;
Nashua Manufacturing Company per cent. pay
able December .; Associated Merchants Company
regular quarterly ia per and extra = OF
lantic Coast Line Company OF Connecticut regular
quarterly 2l5 per cent payable December 10. and
Safety Car Heating and Lighting Company regular
quarterly per cent and an extra per cent.
payable December %.
INCREASE IN CHICAGO GREAT WESTERN
STOCKHOLDERS-That there has been consider
able distribution OF odd lots OF the shares OF the
Chicago Great Western Railway Company in the
last couple OF months is indicated by the fact that
since September last the number Of holders OF
stock has been increased by 739. or from 1893
holders in September TO s64s holders to-day
RETIREMENT OF COLUMBIA GAS AND
ELECTRIC PREFERRED STOCK.-A special
meeting OF the stockholders OF the Columbia Gas
and Electric Company will be held at the com
panys office. No. s. Wall street, AT II O'Clock. On
December Z, for the purpose OF considering and
acting a resolution reduce the authorized
capital OF the company from 100000 TO &00ooooo
such reduction TO be effected by the retirement OF
the $1,0000OO preferred stock OF the company now
held in the treasury.
TIME MONEY CONDITIONS.-Tims money Il
a trife more active Small amounts were put OUT
yesterday for sixty and ninety days. a basis or
l. per cent. This money came from some Western
banks and lent by TWO national banks here
There was also little offered from private
paper reported. the market for which Is nOminally
per cent Tor the best names.
STOCK EXCHANGE RULING.-The Stock Tx
change announces that quotation has been dis
twenty-year Der cent convertible bonds II also
announces that S1.5o0.0O additional capital stock
Of tie Utah Copper Company has been admitted tn
quotation in the unlisted department
CONSOLIDATED MEMBER Settles.
Edwin Sherwin. whose suspension was recently an
nOunced the Consolidated Stock Exchange, be
of his temporary inability to secure funds
with which to meet his Clearing House balances.
has made complete settlement with his creditors
NEW STOCK EXCHANGE MEMBER--L Wistar
Kendall, who bought seat on the New York Stock
Exchange a few days ago. was formally elected .
member yesterday.
NEW COTTON EXCHANGE NIEMBER--E T.
Hutton. of h T. Hutton & Co. has been elected
a member Of the New York Cotton Exchange