New-York tribune., 1907-12-12
TOPICS OF THE STREET

$1,000 shares in the local market ssIs@ rt ueait IA
mating In London consols were lower and .a
general market was weak. Losses in tba - las
can department parity amounted to I t
The cOntango on American stocks at the - - =
over was 5$4 to ga per cent, against 7 per sg
two weeks ago Banks charged 61a per cent ~ -
Stock Exchange loans. the as at tn Iof
settlement Only a light speculative account E as
shown. The stiff rate charged by the Joint s.ass
banks for Stock Exchange loans was consi5arsseed eed
indication that the Bank of EngIand's discor1n+ an
would not be reduced to-day. Business lo7 :.
Continental bOurses was limited to small eg-rua ua
with prices generally heavy. The continua59 @ss @
MUM on currency IN the local market ana ~
higher rates for call loans at this centre ara - -
liked abro--1-
DIVIDENDS Observation-Disclosures have -
declared as follows Rensselaer, & Saratoga rss
lar serni-annUal per cent, payable Januarv =
Montezuma Mining and Smelling Company racr,aN =
semi-annuaI per cent, payable January 10. Ns-
York Honduras Rosario Mining Company re~rI,
monthly I per cent. payable December 21; TT5i-as
Traction and Electric regular quarterly ~ - -
cenr navable January 2; Union Ferrv C,ospe - per
regular quarterly y of per cent. payable IanTsy
.: American Iron and Steel regular Quarterly n.
per cent. payable January l; Standard Screw Corr
pany regular seni-annual per cent on the pra
ferred and per cent on Il7 common payable Jan.
uary I; Railway Equipment Corporation regrI3-
monthly 11z per cent and an extra per cent usV
able December 16; Costa RIca EsperanZa Mnin,
Company quarterly 212 per cent payable Janus-S
Is: Boston TowbOat Company regular quarterly
per cent payable January l. <toIian Company regu.
lar quarterly ia per the preferred pavsh1,
December 81; Philadelphia Baltimore & Washing
ton regular seui-annual Fer cent and Chicago 3
Alton regular serni-annuai per cent on the prs
ferred payable January Is; United Shoe MACHINERY
regular quarterly IL cent on the preferred and
per cent on the common, Payable January
Cincinnati, New Orleans & Texas Pacific semi.
annual 2Iz per cent payable December 23. against
IL per cent six months and 2s per cent at this
time last year.
KING EDWARD MINING CO3IPANY-Thers
has been a reorganization OF the management Of
the King Edward Mining Company 0y the election
of new officers and directors Samuel Newhcusa
has been succeeded as president BY Willard p
Ward, A NJ wickwire succeeds y. A Egbert as
vice-president and secretary. and John Josten,
treasurer of Nipissing. has been elected 70 sim
liar posftion with the King Edward succeeding
T NJ I. Raborg, OF c. D. Barney & Co The three
new officers mentioned above, together with J. Il
Susnann an official OF several Lewtsohn proper
ties constitute the board Of directors Retir-
ing directors are Samuel NewhOuse. y. 4 Egbert
T NJ T. Raborg and R L Mof1tt- There is a
single vacancy existing IN the directorate, which
will be filed shortly.
DEBENTURE INTEREST DEFERRED-ohcisl
announcement has been given TO the New York
Stock Exchange of the withdrawal of the date for
the closing of the transfer books OF the Chicago
Great Western Railway Company for the payment
Of the regular semi-annual interest on the dsbeut
ure stock. The original announcement OF Il.
dates was made only few days ago II is as
suned the action indicates that the interest," vii
not be paid January Is. the usual time
BALTIMORE & OHIO.-Oscar G. Murray, preS-
dent OF the Baltimore & Ohio Railroad. has re-
turned from inspection trip over the entire
system All terminals and branch lines Of the con-
pany were carefully gone over by Mr.. Murray. ami
he expressed himself especially pleased with tas
excellent physical condition in which he found the
property The tonnage originating and being
moved over the Baltimore & Ohio lines is large.
and with the recent completion OF several i'm
pcrtant terminal improvements the road is in posi-
tion to handle greater volume OF traffic than ar
any time in its history.
PITTSBCRG IRON SITUATION.-Rogers Brown
s Co. have received the following from Pittsburg:
The pig iron market remains about the as
last week with additional furnaces blowing out
some to make much needed repairs and others to
avoid piling iron. orders for small lots for in
mediate shipment coming in in fair volume
with quite a good sized order placed tor delivery
during the first quarter of 1858 On the further
clearing up of the financial situation II is reason
able to expect much more activity along this ine.
KANSAS CITY MEXICO & ORIENT.-Itt IS stated
that the federal government Of Mexico viii Join the
Kansas City. Mexico & Orient in converting Topo-
lobampo into a first class pert IT is estimated
IN making the improvements planned, Of which
the Kansas City Mexico & Orient. under the terms
ton agrees to expend sIO00O.0 900 gold The in
prover1enrs the government will make will be 20
the harbor and those OF the railroad In establishing
terminals.
FORCE INCREASED AT BUTTE COPPER
MINE.-Advices from Butte. Mont. say that ths
management OF the Butte New York Corpe.
Company has taken advantage Of the laying on Of
men at the Amalgamated cOupany's mines 70 IN
crease the force at work Oh the Colonel sellers
shaft Of the former company The new 2oO-gaAon
Iu-,p has been Installed 10 lift the water from tbs
7O0-foUt station soon as water IS struck
SECURITIES LISTED.-The following securities
have been added to the stock Exchange list: Bui-
falo and Susquehanna Iron Company. Sl,5~o"
tyyeutv-ive-year per cent debenture coupon oonas
of 1925: N.OO0OO additional common stock cf ne
Hackensack Water Company. making total hstea
s. coo: Assoc additional first refundng nlolt
gage convertible per cent bonds OF ~ or US
Brooklyn Rapid Transit Company. making toIAi
listed So. 600
UNITED STATES DEPOSITS AT THE MAN-
aIUM.-The United States deposits IN the nationaA
banks OF the country. according 20 yesterdays
Treasury statement. amount to S240 I73-15s which IS
the largest amount ever held by the dspositaFies
The actual cash working balance Of the TreaSn1
is S7,S25.454
RIO TINTO OF MEXICO.-A number of proni-
nent New York capitalists have become interestsa
in the Rio Tinto properties in Mexico ana WI
organize company to handle their OUTPUT
Before deciding on this experts were sent 10 eA-
anime the mines. Among those who examined tnsll
was George A Treadwell. well known minhs
man. Mr. Treadwen yesterday telegTap1ed TO MAI
tin J. Condor, president OF the American Snun
Company and of those interested IN the prop
erty. that he had no hesitation in advising us pui
chase.
TREASURER RESIGNs-Herman Aueroach has
resigned treasurer and director Of the Hanson
Consolidated Silver Mines Company, Limited o.
Port Arthur. Canada MIR. AuerbaCh has sold MS u
terest in the company to other directors.
COLONIAL SILVER--CharIes b Flynn. OF tne
La Rose Mining Company has been succeeded Is
president of the Colonial Mining Company Lin,te-.
which operates the property of the Co Nal Siiver
Company in Cobalt by A j. Baldwin. Mr. Flynn
has resigned from the directorateS of both the ops
atng and holding companies
THOMPSON-STARRETT DIVIDEND PASSEN.
The directors OF the Thompson -Starrett COMPANY
have passed the dividend on the common stOS So
The rate hitherto has been per cent duartsrs
This action was taken q measure or conss'"
tIsm, in view CT financial conditions
CURRENCY TRANSFERS--The Suo-TresS
transferred yesterday for local banks sziLVoo' >,
which s120.0o0 went to New Orleans. SlVS'VV' ~
Louis and $4,000 to Chicago