New-York tribune., 1907-11-12
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses sold ,r,
ward OF 10000 shares in the local market. selling
representing in great part operations 20 even up
before the beginning OF the new London account.
In London stocks in general showed much bet
ter tone than reported at the close of the last
week, final prices being hrm with Berlin buyer
OF Canadian Pacific and Baltimore & Ohio Dis
counts after reactirg to 6ss per cent closed at 6
Further engagements OF gold were made lot Amer
lean account, and New York secured most OF ths
gold offered In the open market II generally is
believed the gold import movement is about at an
end an indication OF which IS found in decline
in the price Of bar gold in Europe, lower exchange
rates at Paris and Berlin on London and cancella-
tions at this point Of several engagements
AMERICAN STEEL FOUNDRIES.-Swartout a
ApperzelIar who led the campaign for dividends
in the interests OF the minority stockholders OF the
American Steel Foundries. state IN connection with
the announcement that the company purposes n
paw a cash and script dividend TO the preferred
stockholders who exchange their present stock.
which is cumulative 20 dividends, for stock
which eliminates the cumulative feature but
tafns preference as to assets and the per cent
dividend that they heartily approve the plan and
recommend its acceptance by the stockholders
rrhev exDress the opinion that in the announcement
which has now been made the position which they
took before the stockholders at the annual meet
ing on October was justified, and all that they
contended for at that time has now been granted
AMERICAN CAR AND FOUNDRY.-In October
the American Car and Foundry Company built
107sO cars and repaired 62S cars. II shipped mora
than II 900 new cars. II was the company's banner
month for car building. and II is probable that the
earnings also viii be found 70 be the largest for
ter ended October 81 the company built and shipped
more cars than for any preceding quarter. and IL IS
probable that the earnings will show an Increase
over those for the quarter ended July 81 in which
the earnings reached their highest point up 70 that
time.
4 VALUABLE BOOK OF REFERENCE.-Ths
1907 edition the Trust Companies OF the United
States" published by the United States Mortgage
and Trust Company. OF No 80 Cedar street. mas
been issued II s replete with statistical cornps-
tiors of statements OF condition OF trust companies
OF the United States Of June %, 1904 II also
contains list OF the officers and directors OF the
various institutions
TRI-BULLION PROGRESS.-The Tri-Bulllon
Smelling and Development Company has issued
circular its stockholders, giving facts and hg-
ures concerning its plant at Kelly, n NJ, and tts
new oxide smelter 20 be erected at Canon City. Col
The COMPANY states in regard 10 the earnings %
the zinc oxide srnelter that with tne nrst secuon
alone working only nifty tons OF Kelly ores OF zinc
and lead the plant will return at present prices net
profits OF S4S000O a year; Two sections SsSe,o9e
and the complete plant s1.s6o,o0e
ODD LOT BUYING on THE CONSOLIDATED.
As an indication OF the sentiment arncns invest
ors OF moderate means, brokers on the toor OF the
Consolidated Exchange reported yesterday large
accumulation Sunday OF buying orders IN small
lots. Prices current the "Litrre Board ruled
fractionaly higher than on the New York STOCK
Exchange
DIVIDENDS DECLARED.-Divtdends have been
declared as follows: Columbus Street Railway
regular quarterly a per cent the common pay
able December 2; Mauomet mills, regular Guartert
. per cent. payable November 10 Whitman Mills.
per cent quarterly. payable November To- Hicneiieu
and Ontario Navigation Company, regular guar
terIy Ii per cent, payable December L
NORTHERN SECURITIES.-At the annual
meeting Of the Northern Securities Company, N
Hoboken y j.. yesterday. Edwin ThO-ue was elect
OF n Willis James. Other members Of 1as board
We're reelected