The Birmingham age-herald., 1907-10-20

1ne country is not going to ruin, but the turn of the tide in the stock market is being delayed by the exposures of fraud and grating in such high places that those who are familiar with the actual facts are sick at heart. Wash ington will be the center of excitement for the next few days.
 The total number of shares of special stock sold today on the New York Stock Exchange was 462,619, against 1,o33,2O2 the same day last year.
 The total par value of bonds sold to- day was $1,542,O00, against s1,544,0O0 the same day last year.
 American Smelling and Refining stock had a swing the past week of l7ia polntS and closed today with net loss of 12 points. Federal Mining and Smelling pre- ferred shows a net loss of 10; Amalga- mated Copper, SIS; American Snuff, 14; New York Air Brake 1O1s; Third Avenue, 12; Lackawanna, 314; Detroit United, 241a, and others from to points. The shrinkage of quoted values in the stock market of Wall street amounts to at least $500 O00.0oO for the week. The Cobalt Central insiders point with pride to the record of their stock on the curb this week. The strength of this is sue is said to be due to the fact that the new concentrating plant is ready for operation.
 The new zinc oxide plant to be erected in Canon City, Colo. by the Tri-Bullion Smelling and Development company, will. it is claimed. have a working area of 50 per cent in excess of any other fur mace used
 The weakness of Union Pacific was a source of some concern to the Hartman following, many of whom, it was report ed, had bought the stock above 130 on the rise of several weeks ago. Southern Pacific was fairly well taken around 70, at which price 1t was described as begged" by insiders.
 The curb market was still closely watched for signs as to the extent of the liquidation In the so-called Heinze and Morse specialties. United Copper and Consolidated Steamship issues were again under pressure, reaching the lowest level of the week. Guggenheim exploration was supported but quotations were far apart. Standard Oil was quoted a little higher, but American Tobacco common again sold at 200, yesterdays bottom price. Mercantile National bank stock was of fered at 1s0 without sales. during most of the morning.
 After consideration with his friends in Washington and the west, Comptroller
 Ridgely has decided he does not care to leave the treasury department in Wash ington for the present and has, therefore, declined the offer of the presidency of the Mercantile National bank of New York.
 Today's foreign stock market showed improvement although Berlin was weak ! and dull. Paris was firm, and London was strong, but narrow. Americans in London made general rallies. The bank statement was fully as fa- vorable as expected, or predicted by the most optimistic Surplus reserves were more than doubled, the increase in this item amounting to se,57,2o0. The cash items disclosed a net gain of $6,443 100. Loans decreased $6,555, GOO, while deposits made only nominal contraction of s336, 400.
 Bar silver in London was unchanged at 27 11-16d per ounce. Today's New York price was unchanged at 60c. Mexican dollars were unchanged at 47is to 521sc.