The Birmingham age-herald., 1908-01-26
STOCKS ARE FIRM
 WITH AN ADVANCE Sentiment Is More BulIish Than
 on Friday SHELTERS CHANGE HANDS Guggenheims Are Said To Have Lost Control of American Smelling and Refining co.-Extra Dividend
 On Northern Pacific.
SHELTERS CHANGE HANDS
BY THOMAS c. sHoTwELL.

0I TIOMA0 Os 0f7O w ELEs
 New York, January 25.-(Special.)- It can be stated here on good auth ori- ty that the Guggenheims have lost con- trol of the American Smelling and Re- lining company, and that the Northern Pacific company will declare an extra cash dividend of 10 per cent.
 These statements are made without any qualification whatever. Exact date when official confirmation will be pub lished cannot be said. There may be some news within few days in re- gard to smelters. The Standard Oil in- terests are in absolute control and they may leave the Guggenheims in the management. A merger of Amalga- mated and Shelters with the United q Metals Selling company is talked about but does not seem to be reasonable. The cash dividend on Northern Pacific may be declared the first week of Feb ruary, but some of the directorskthink 1t would be wiser to delay action until later in the year. It might be paid before next January, otherwise the new stock would share it. Under the terms of the new stock issue, provision
 
 old stock.
 Out of appropriations made for ad- ditions and betterments from time to time in the past 10 years, the Northern Pacific has accumulated an unexpended balance of above ISIS, 100000. This is in spot cash and has been transferred to the capital account. The extra dividend has nothing to do with the profits coming to the Northern Pacific out of Burlington.
 Shelters and Northern Pacific were the leaders in the stock mark ct here today transactions in other shares be- ing unimportant. The resignation of James Stillman from the Hartman boards had no effect on the market The announcement from Washington that the department of justice woul1 publish before Monday it's plan of campaign against Hartman explained the retirement of Stillman
 Cotton was slightly higher and wheat was lower. On the corb there was. strength and activity led by the Goldfield shares.
 The total number of shares of stocks sold today amounted to 2Ss,4 400, against 34S.000 the same day year ago. The total value of bonds sold today was $1,792,O00 against s1 ,OS6,OO0 the same day year ago.
 A report from Omaha says that wages of shop men on the Union Pa cific have been cut 25 per cent
 Frank A. Vanderlip, vice president of the National City bank has sue ceeded James Stillman, president of tbo bau nd committeeman of the Union Pacific and Southern Pacific railways. Today Mr. Vanderlip said that the change had no significance whatever. T have moved into MT. Stillman's place to hold it during his short absence in Europe" said Vanderlip. It was considered nee essary to complete the. executive conl- mittees. Stillman is to remain in Eu- rope six months According to the present plan he and MT. Vanderlip will be alternates on the Hartman boards Thomas A. Nevins, who has just re- turned from the Cobalt mining camp, said today that the speculative element had been eliminated to such an extent that it was no longer difficult to get an abundance of capital for all legiti- mate mines in that region.
 London sent over strong cables, said to be due to the reduction of half per
 
 discount rate.
 American specialties were firm at fractional advances with Atchison and Union Pacific in the lead The steels were heavy.N Consols were traded in on a rising scale Exchange was stiff fer The bank statement, which ap- peared after the close. was good N enough, showing $14,5O0, 900 more added to the surplus and $23,6c0,000 to the cash total.
 Deposits increased $36,s75.soo. Loans increased SS,892 000. Bank clearings for the week were approximately same week in 1907. Outside of New York shrinkages were more moderate thar at the city itself. Business fail ures numbered 40S, against Al last week and 252 last year.
 Bar silver in London today was quoted 1-16d higher, at 255sd per ounce. Today's New York price was 1sc higher at 55hc. Mexican dollars were un- changed at 44@52c.
 Bonds.
 U. $. refunding 2s, registered. .1O4 U. s. refundinS 2s, coupon ..... l04 U. s. 3s registered .1OOAi U. S. 3s, coupon ................. 1O1 U. S. new As, registered. ....... .11SN U. S. new As, coupon 12O1a Louis. tS Nash. unified 4s. ....... 9Sh Southern Railway 5s ............ S6
 Money on Call.
 New York, January 25-Money on call, nominal; time loans easy; 60 days, per cent and 90 days Az per cent; six months, Az per cent
 Prime mercantile paper, 51a@6H per