New-York tribune., 1907-11-22
TOPICS OF THE STREET

FOREIGN TRADING--Foreign houses sold ssra
shares on balance in the local market r.
heaviest sales were in United States Steel J-ntoo
Pacific and the Erie shares. In London -
prices were firm, but in the greater part of the day
the market was inactive and heavy. Foreign bond,
were weak, sales being helped by a big failurs
in Hamburg. Call money in good demand a.
per cent and open market discounts were frma-
at per cent The Bank OF England. though making
the poorest showing for this season OF the wear ~
seven years. made no change in its minimum raf.
of discount. The bank did a small business :,
loans and discounts and received considersb1a
amount of gold from Germany Withdrawals fo-
New York account were light
IRON ORE PRICES-WhiIe no definite agra
ment as to iron prices for next year has bas,
reached. the matter has been discussed informally
and there are prospects Of reduction ranging from,
25 TO 80 cents ton next year This would msEs
the Mesaba Bessemer ores 81 20 a ton, Old Rang.
ores a 20 ton, Mesaba non-Bessemer 50 30 a ton
and Old Range 50 20 a ton at lower lake ports \
rumor has been current that efforts will be msds
TO drop the guarantee for standard Bessemer from
Sc. 20 per cent to as low 50 per cent.
CANADIAN PACIFIC To REACH SEATTLE
The report from Tacoma, Wash, yesterday that ths
Canadian Pacific is preparing to build into Tacoma
and Seattle has been rumOred Tor some time. The
road has been surveyed and the money has been
raised in London 10 build il. and the Canadian Pa
cihc has taken interest in the stocks and bonds
of the road and has aE-aed 10 take the road over
at percentage of its earnings. The plan Is az
present for the road TO go into Seattle over ths
Pacific Coast terminal in which the Canadian
Pacific people own a large interest
DIVIDENDS Observation-Disclosures have besn
declared follows Boston q Revere Beach
Railroad regular seTni-annual per cent, payable
January 1; Lawrence Manufacturing Company reg
ular seni-annuaI 4 per cent, payable December 2:
Pacific Mills regular semi annual per cent, pay
able December .. Rubber Goods Manufacturing
Company regular quarterly ia per cent the pre-
ferred. payable December 10
SUGAR PRICES LOWER.-SaIes Of 1900 bags
of centrifugal sugar have been made at so ss
degrees test from the store. and the market is now
quoted that basis. with muSCOvadO. SO test az
800. and mOlasses sugar, 50 test, at 2-S5 These
quotations are 10 points lower than the last pre-
ceding sales. 1t is expected lower quotations will
be made for the refined product
REGULAR NATIONAL LEAD DIVIDEND-Ths
directors OF the National Lead Company have de-
clared the regular quarterly dividends OF IL per
cent on the common stock and "a per cent on the
preferred. The president Of the COMPANY saw q
that the dividend not only has been earned, but
that It has the money in the bank 70 pay it.
AMERICAN LOCOMOTIVE.-An additional $500 :
900 preferred stock Of the American LOCOMOTIVES
Company has been admitted 10 quotation in the
unlisted department Of the Stock Exchange. This
poses and was sold time ago IN the regular
course Of business 70 investors The preferred
stock now outstanding amounts TO S25,000000. the
total authorized issue
BANKS LOSE TO TB-TREASURT.-The banks
lost on Wednesday to the SUb-Treasury S452000.
making loss since Friday Of $6527, ,00O- Last week
the loss was S5,s17OO0 The Sub-TreasUry had a
credit at the Clearing House yesterday for S421-
I5O.
NEW STOCK EXCHANGE MEMBER-Ansoa
". Hard. jr., has been elected a member Of the
Stock Exchange. Seats on the exchange are now
quoted at S51,500-