New-York tribune., 1907-11-13
TOPICS OF THE STREET

FOREIGN TRADING-Foreien bor..
2OO0O shares in the local market. selling on b,a
In London cOnsols were higher and the eeca
market firm The lending or contars, se1ern
the foTtnightly settlement was stir ar sa - n
TO IA per cent. the Bank Of England chargtn~ oent
cent, which was materially higher than tT. per
ago. and reflected the extent OF the nnonsv s,n ssn
gency. Sentiment abroad. however ycas ch..n- -.n-
owing TO the belief that the American der1a-sf fII
gold was about at end and that f1rths tos
quirements would be financed by Paris rsths- a.. s-
by London Paris and Berlin exchange on Io1s-a
was lower for the second time this week 4'-'u'a
A MARKET OPINION.-Thomas elbzo, -
November bulletin TO customers. saws 'TT, !. ns
opinion that the bottom of the stock nasrt.t my
been reached, and that any declines now. s,,sss
specific or general. will be eliminating ssrt-r
On every furry such occaSioned bv th. -
ing of the Bank of England's rate good h,-s
will appear II IS certain that money eas. -.s
occur at the expense OF many lines OF general M
ness, but this has already been more tha, a.
counted in stock prices and the high rate OF -
on stocks must certainly reconcile itself N
terest rates and idle funds This means an "a
vance IN stock prices wherever the rate OF in,o-
IS stable. The readjustment OF prices has b.sr s
thorough and comprehensive that II is hard to ,so
and choose. Personally. like Union Pacific so1tsA
ern Pacific. AtchisOn, Chesapeake & Ohm R,.s
more & Ohio. Louisville & Nashville, and ch5c..
and Northwestern in the common stocks Al. -
the preferred shares the question is wholly ar. :.
income returns In the industrials Steel cor,rno-
looks as good now as 1t looked bad few mou-s.
ago. will reterate the opinion that the pu<chas..
Of good stocks at this level has nothing 70 f.s-
and that the opportunity offered Is that OF decas.
j sacrisn
selling securities into a bag.
CONSOLIDATED EXCHANGE NEws-s-,.-,,
members of the Consolidated Stock Exchange hav,
constituted themselves committee TO raise r,,d
for the benefit of the widow and four children n,
William H. H. Culbert, recently elected member
of the exchange, who was over and killed or
Saturday last in Greenviile N J. Already cousis
erably more than $4,000 has been raised. IN.
chairman OF the COMMITTEES Is Joseph Dicksr,o,
J. z. Berry and D. Eustis Bigelow have been al
nitted as partners into the Consolidated Exchsux.
firm of Curtis & SederQuist- The present firm nan.
will be retained.
declared as follows: National Biscuit Company
regular quarterly q per cent the preferred pay
able November So American Thread regular semi
annual Z per cent on the preferred payable Jaa-
ary L Kings County Electric Light and Power
Company regular quarterly per cent. payass
November 80. Railway Equipment Corporation
cent. payable November Is. American Sugar Re-
fning regular quarterly IA per cent on couarno,
and preferred. payable January 2
NO SIGNIFICANCE IN CREDIT LYoNNArs
CHANGE.-With regard 20 dispatch from Part,
on the retirement OF Administrator Mazarat 81
the Credit Lyonnais. It is stated at the odscss
OF that institution in this city that especial sig
nifcance attaches 70 the incident NJ Mazarst IA
eighty years old and is in III health and Il Is sosv
on this account that ne has retired favor OF Emil.
Bethenod. who has been chosen as administrator.
No change IN policy whate yer Is involved
SUB-TREASURY TRANSFERS.-Sincs Satu--
day the Sub-Treasury has sent TO the interior fo-
local banks SO. zoe. 600 Transfers yesterday vs-.
81 100000, Of which 100000 went TO Chicago $780,
900 St Louis and the rest to San Francisco.
New Orleans, Denver and Philadelphia
BRANCH OFFICE OPENED-shoemaker. Bates
& Co, Of No 81 Wall street. have opened branch
Office in the Home Life Insurance Building. Chi
cago. under the management OF Alauson FoIlans-
bee, who viii make a speciality OF investment ss-
curities.
PACIFIC COAST STEAMSHIP COMPANY
ELECTION--The directors OF the Pacific Coast
Steamship Company have elected W C Earring
ton to succeed ". E Pearce vice-prssidant
President Ford has been reelected and mads gen
eTal manager.
STRICKEN FROM THE LIST.-The general
mortgage hfty-year per cent bonds. due 194O Of
the Manhattan Beach Hotel and Land Company
have been stricken from the list of the Stock Ex-
change
DEPOSITARY FOR BANKRUPTCY FUNDS
The New York Trust Company has been dssig-
mated by the United States District Court in thi,
district a depOsitary OF funds in bankruptcy.
ROCK ISLAND CONPANY.-Directors OF n.
Rock Island Company yesterday reelected IN.
present finance committee and officers No Other
business transacted