New-York tribune., 1907-11-30
TOPICS OF THE STREET.

FOREIGN TRADINCf.-Foreign houses bous,,
l5co shares in the local market The best de-
mand was for Reading and United States Steel
In London the general market was insctfy.
throughout the day. but generally firm. with a
sharp advance in Russian bonds Paris buy.
ing The advance in these issues Though,
TO foreshadow preparations for a new Russian loan
next year. Money in fair demand at the
British capital and bills easier 81, per
cent. The favorable return reported by the Bank
of England was the most encouraging develop
ment in the financial markets abroad
CANADIAN PACIFIC NEW STOCK.-A special
meeting of the Canadian Pacific stockholders has
been called at Montreal for Monday. December a,
for the purpose OF considering. and If approved
of authorizing the issue of common capital stock
of the company to the amount of S2s.320.oCo being
the balance of such unssued stock heretofore
authorized such issue TO he. made in such amounts
and at such times. according to the requirements
OF the company. as the directors may determine
The s2S.3D,o0 common stock, for the issue Of
which the directors asking authority from
the shareholders. is part of the 100000 new
stock that authorized March. 1906 and
which amount brought the authorized captalizs-
tion up to s150.0o.00a In 1895 sD.Otooo0 was put
out, but this amount included about SCO0Nn
already in the treasury of the company The
last instalment this block OF stock was paid
in January of the present year. 1t is probabls
that when all of the s2S,OsO,G0, any part OF
it IS issued the payments of the instalments VIII
extend over fairly long period II is assumed
that the stock will be issued at par usual
ADVISORY STEEL COSfMITTEE.-The COM
mittee appointed at gathering Of stesz men at
dinner given recently by Judge E. H Gary
chairman of the board of directors of the United
States Steel Corporation. is composed of the fol-
lowing representative steel mem Judge Gary w
f. Corey. president of the United States Steel
Corporation; Powell .Stackhouse. president of the
Cambria Steel Company; z. C. FELTON,, president
of the Pennsylvania Steel Company, and Willis
L. King. vice-president OF the Jones & Laughlin
Steel Company The above committee has power
to add TO the number, and appoint sub-commit-
tees. Through it the trade will cooperate for
the purpose of strengthening the industry, and
settle all disputes and differences arising
result of the separation OF the Republic Iron and
Steel Company and the Tennessee Coal and Iron
Company the following appointments for the South
district of the Republic have heen made:
Dwight s. Guthrie, manager of sales; w II John
ston assistant traffic manager; B. F. Tyler, pur-
chasing agent and manager of commissaries; F. r.
Keiser. general superintendent of furnaces, w
Wuthenow. superintendent of rolling mills; H. s
Geisner superintendent of coal mines, and w J.
Penhalegon, superintendent Of ore mines and
quarres
HEAVY GRAIN EXPORTS Bradstreet's' re-
ports the exports OF grain for the week. with
parsons. figures in bushels. follows: Wheat,
flour included. 5.459 324 against 51OS.1 14S week.
4.2O4 .917 I'm this week year ago and 5.11747S in
1901; the fiscal year to date. s0.4s2Sl9. compared
with 7S.794.693 in 19O607 and 127.OSi 275 in 1901
O2. Corn. 71O1S2 contrasted with $50 62s last week
and 1.040.9TO in 1896; the fiscal year 70 date. 20
477,O73. against 1s.S53.2ss in 19Os-'O7
DIVIDENDS DECLARED Dividends have been
declared follows: Last Mahanoy Railroad COM
pany regular semi-annua 212 J=r cent. PAYABLE
December 49, Boston Betting Compny regular quar-
terly per cent. PAYABLE January I; Canadian Cen
eral Electric regular quarterly pa per cent; ackay
Company regular quarterly dividends OF per
the common aud preferred. payable January .:
Republic Iron and Steel reguar srt--ly ia per
the preferred. PAYABLE DsCe- Der Il: Copper
Range Consolidated Company quartery 81. dc
crease of 80 cents from the last preceding dlvi-
dend-
COPPER TRADE CoNDITIoNs-walker'sc cop
per letter SAYS Copper is higher. Lake is
lac and eleCtrOlytic 1870 lS7sc pound The price
rallied sharply this week as a result OF the renewal
OF the foreign buying demand European adviCss
that The low price has caused copper 10 a
purchased more heavily fos roofing and other SINH
lar uses. from which IL was delayed when IL sod
above 2Oc. China has bought considerable guam
tity of copper for coinage and other purposes Do
mestic consumers still buying fron hand to
mouth. but they prepared to purchase quite
heavily if the price goes back 70 1Slsc There has
bceu iurther Curtailmsnt NJ production in Butte,
Utah and Arizona Senator Clarks mines have
duced about ~ per cent All of the Smeters in
creased buying demand. In view OF the heavy cur
tan ant is likely TO the price of copper back
20 15c, and the market should settle around that
level for some time to come
EXTRA LACKAwANNA DIVIDEND.-The di-
rectors of the Delaware, Lackawanna & Western
Railroad have declared extra dividend OF 10
been paid every December since 1902 Estimates
of the company's earnings for the current year
have been made as high as so per cent on the
capital stock of s26.Oo00Oo. The companys regular
quarterly dividend is 2Ia per cent
BANKS GAIN CASH--On the reported move
ments of currency this week the local banks
gained S3,515.se due entirely to the receipt OF
imported gold They received from the interior
81 4ss.5do and sent to the interior S1Su1.5oo Re-
ceipts of gold 81, 800. The loss to
the Sub-Treasury s6.722,90. The shipments
to the interior and the net loss these ship
ments smaller than in any week since tbs
week ended October Is.
PENNSYLVANIA RAILROADS. BIG DITI-
DEND PAYMENT-The Pennsylvania Railroad
Company will pay to-day by check sl1.Ool65l %
the semi-annual dividend of S1z per cent g..
2S665S shares OF stock held b5 52622 shareholders.
of which nearly 30 per cent women. This Is
the largest dividend paid by the company.
DIVIDEND PASSED--The directors Of the Gold
field Consolidated Mines Company have passed ths
monthly dividend. owing To the financial situa-
tOn and TO labor troubles at the mine
APPLICATION TO LIST-Application has been
made TO the New York Stock Exchange 70 list
$l.5Oo.OOO twenty year per cent debenture bonds
of 1926 of the Buffalo and Susquehanna Iron Com
pany
RAILROAD EARNINGS-Railroad companies
reporting earnings for the third week in Novem-
ber show for nine companies total gain OF S701ss
and for six companies total loss of sl2O.453.
STOCK EXCHANGE SEATS QUOTED
HIGHER.-New York Stock Exchange seats are
quoted at $4,000. The last sale made at