The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-11-19

AND NOTES
FOR INVESTORS.

A New YORK STOCK fXcnange seat was
sold for $51,5oO. This compares with the
last preceding sale at $4,000 and a high
record price of $95, 1000.
The American Smelling and Refining
Company gave out the following statement:
In the past we have adhered to a fixed
schedule for pig lead which has only been
changed at rare intervals, and of which the
trade has been duly notified. From this
time on we have decided to fix our prices
according to market conditions.
The Pennsylvania November dividend Of
s11.0 900 will go to 52,622 persons, OF whom
about 24,0O0 are women, and 10000 live In
Europe.
President Baxter of the Central Coal
Company says that, owing to the extensive
improvements under way and general
financial conditions, the directors have de-
cided not to declare the usual dividend at
this time. The dividends have been 4 per
cent. a year for the past three years. The
capital stock amounts TO $1,000, 900, and ID
listed on the Stock Exchange.
Thirty brokerage firms have issued the
following circular on New Haven rights:
I'VE traded prior to November 0 in the
rights of New York, New Haven and
Hartford Railroad, when. as and if issued
in accordance with the plan recommended
by the board of directors and stated in the
annual report of the company for the year,
JUNE 80, 1907, on page s. In view of the
fact that this plan has been abandoned,
and no stock will be issued as outlined,
we agree that all contracts entered into by
us shall be Cancelled. provided that the
majority of the Stock Exchange firms that
have trade In these rights agree to cancel
their transactions. 1t is said 80 per cent.
of the brokers who traded in the rights
have q oraod 10 fha nrnxyicfonc Of the cir-
cular.
If nothing occurs to mar the care
fully laid plans of the sisal hemp pro-
ducers of the state of Yucatan, Mex
leo, the nternationa Harvester COM
pany, known as the agricultural i'm
plement trust, and other large users
of the fibre of the country, in future
will have to pay for their supplies
just whatever prices the plantation
owners nay feel inclined to ask.
A member of the directors commit
tee of the Knickerbocker Trust Com
pany says the chief problem is to find
someone who will take up $12, 900 900
to Sit, 900 900 in time loans, and give
cash to the company. A plan to in
crease the stock by 50, 400, 900, is. be-
ing considered.
The large producers of copper declare
that the money stringency has more to do
with the present stagnation of the market
than anything else.
Directors of the Chicago and Northwest
e-n Railway in New York denied that the
road had the remotest intention of extend
ing tie system to the Pacific coast.
1t is emphatically denied that the Re
public Iron and Steel Company was sold
to the United States Steel Corporation.
The North Butte Mining Company passed
its quarterly dividend. 1t has been pay
ing ut the rate of 8 per cent. a year.
Post & Flagg say: I'VE advise our
clients to watch the bond market, for
when we begin to see the best class of
bonds pick up and permanently improve
we can expect better conditions in stocks
also. but not until them"
Now that the Treasury Department has
formally announced its intention to accept
the 3 per cent. one year certificates of
Indebtedness as collateral against addi-
tional bank note. circulation New York
bankers said today that no syndicate
would be necessary to insure the sale OF
a large block of the 500, 600, 600 offered, and
the opinion expressed that in all prob
ability the entire issue would be taken
unless Secretary Cortelyou decides to
withhold a part of the bonds. He has re-
served that privilege, and IL a less
amount than 800, 600, 900 Is sufficient
to bring about the desired relief
it is the opinion of practically all OBJ
servers that the new plan for relieving
the ~stringency of currency will be sue
cessful and that within a comparatively
short time the scarcity of money that has
been so pronounced for many weeks will
not be a notable factor in the situation.
Few students of affairs can be found who
are willing to make extended predictions
regarding the. trend of business for the
rest of this year. 1t is pretty generally
thought that the policy of retrenchment
which has been in force for some time
will be continued until the turn of the
year; at any rate in some circles it is
still feared that monetary matters and
business in general to a considerable ex-
tent will be greatly disturbed near the
close of the present year and during the
early weeks of the new year. Conse-
quently they are inclined toward an ex-
tremely conservative policy for the inn
mediate ~future.N
Official announcement is made that the
executive committee of the st. Paul road
has decided that the third instalment on
the subscriptions to the preferred and
common stock of that company may be
paid 10 per cent. on December 2, and 10
per cent. on February 3, Instead of 20
per cent on December 2.