New-York tribune., 1907-11-19
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses bo,zh,
10000 shares on balance in the local market A
more cheerful sentiment reported abroad. a
reflection of which presented in a general ad-
vance in securities prices Consols were higher
than in several weeks. and American Issues showed
advances of from TO points. Call money was in
fair supply, and bills bought freely at S% per
cent Dispatches received by local foreign houses
reported the belief In London that the Bank Of Eng
land would not make further advance in its dis
count rate New York secured the South African
gold that offered in the open market, and made
further Withdrawals from the bank The Cont
mental bourseS showed Improvement. and II wss
suggested though not believed. Paris might be a
large subscriber TO the proposed United States
Treasury per cent certificates OF Indebtedness.
BALTIMORE & OHIO DIRECTORS REFLECT
ED.-At the annual meeting OF the stockholders Of
the Baltimore & Ohio Railroad Company yesterday
1.615135 shares out OF total of 2.127,5 shares
of stock outstanding we're voted in re-slecting the
board of directors. There has been increase OF
about $500 in the total number Of shareholders
since the annual meeting OF 1906. When the books
closed on November for the annual meeting there
total OF 1O26T holders of preferred and com
common stock. showing an increase OF nearly 80
per cent within the year. There has been sub
stantial increase IN this number since the books
reOpensd week ago.
ELECTRICAL. SECURITIES CORPORATION
ELECTION.-AJ the annual meeting OF the stock
holders of the Electrical Securities Corporation
Yesterday the retiring board OF directors was re-
elected with the exception that c. " Masen was
elected 10 fll the vacancy caused by the death Of
E. r. Coffin. and the vacancy by the death OF s NJ
Hamill filed at this time The Office of
vice-presiden5. which left vacant BY The death
OF e r. Coffin, filed some time ago by tbs
election OF c. y. Masen.
NEW HAVEN RIGHTS-Thfrtv brokerage firm,
have issued the following signed circular. we
traded prior TO November 9 in the rights of Nes
York New Haven & Hartford Railroad when as
and II issued in accordance with the plan recon-
mended by the board Of directors and stated IN
the annual report OF the New York New Haven
& Hartford Railroad Company. for the year, Jurs
so. 1907. on page g. In view OF the fact that this
plan mas bean abandoned and no stock VII be IS
sued outlined. we agree that all contracts en-
tered into by us shah be cancelled. provided thar
the majority Of the Stock Exchange firms that
have traded in these rights agree 10 cancel Their
transactions"
NEW CENTRAL COAL CoA1PANY.-Sialooln
Baxter jr-, president of the New Central Coal
Company. OF Maryland. states that. owing 20 ex-
tensive improvements in their mines and general
financial conditions the directors have decided not
10 declare the usual dividend az this time. Ths
dividends have been per cent year for the last
three years The amount OF capital stock is ST.
100000.
AMERICAN SMELLING AND REFENING.-Th.
American Smelling and Refining Company has
made the following announcement: In the past
we have adhered to a fixed schedule for pig lead
which has only been changed az rare intervals.
and OF which the trade has been duly notified
From this time we have decided 10 tx our prices
according TO market conditions
DIVIDENDS Observation-Disclosures have been
declared as follows: Mines Company OF America
regular monthly per cent payable November u;
Waltham Watch Company regular serni-annual
per cent on the preferred and Ia per cent on the
common: Diamond Match Company regular quar-
terly 2ls per cent payable December Is: Catawisss
Railroad regular sen-annual 2ls per cent. paysbl'
November 10.
STANDARD OILA-Proxies for the annual meet
ing OF the Standard OIL Company which viii bs
held on January - are being solicited in ths
names of John D. Rockefeller. Charles " Pratt
+. 2. Barstow and J. A NIoffett
STOCK EXCHANGE SEATS LOWER-A seat
on the New York Stock Exchange was sold yester-
day for SSl5O0. This compares with the last pre-
cedinS sale at $500 and a high record price of
S95.00N The purchaser of the seat Just sold was
w Fl Rogers. OF Griesel & Rogers. and the seller
was the estate of H. 3. PattesOn.
COPPER DIVIDEND PASSED.-The directors ot
the North Butte Company have passed the quar-
terly dividend usually declared at this time Tires
months ago 50 paid