| OCR Text |
Show MEXICO TO LIMIT siiejpoiTS Government Will Purchase Half of Output at Existing Ex-isting Valuation. Press reports that the. Mexican government govern-ment is to limit the exportation of silver from across the border tend to create ihc offhand impression that a serious em-bago em-bago is to bo laid upon the silver production pro-duction of big American mining companies compa-nies like the United Stales Smelting. This is not the case, says the Boston .News Bureau. Tho government order arises from tho fact that a shortago of silver coins exists, hoarding having taken place for the pttr-poso pttr-poso of remeltlng tho silver and selling it. The silver in the popular Mexican coins is worth more as bullion than as legal tender. Consequently tho government intends, at least for the month of November, and probably for several months thereafter, though no time limit is set, to take itself DO per cent of tho silver output of the mines Cor its own coinage purposes. The price it will pay will presumably be on a parity with New York, or slightly under, un-der, but there will be no confiscation. The same situation arose early this year, and for several months the government govern-ment look over a specified portion of the silver output (which all goes regularly to the mints to bo mintod and separated from tho gold contentj, which it minted into its own coins. .Silver had then risen, and In the new coins a reduced percentage percent-age of silver was used. The fresh advance ad-vance in silver has necessitated the adoption adop-tion of tile same tactics. United States Smelting will not suffer from the latest decree, for. regardless of who takes its output, it will receive the going market prices. There will be no need to retard production, which is now at record high figures. New York Stock List. Sales. iHlffh.'Loiv. Close. mer Sect Sugar : -1 91' t 91 91 V, Amer Can : 10BI (I8H 6t 5Ha imtr Car ,t Ft f.71344 130 I32M; Amer Hide & Lthr pfdi ",2;iL''.' 1M 12t,'i Amer Ioeomotlve 149 93 89 91. Amer Smlt & iRef 65 OS's 67?; 08 Amer Sugar Kef ' 13U37 133 130i Amer Sumatra Tob .. 6i 87 S5 87 Amer Tel Tel I 17ilU 0'J 100 Amer Zlae. L & S... 7 17.j 17 17 Anaeomia Copper I 320' 63 63 Gl Atchison 63 80 SS-i 88 Atl Cult W I S S..I OliiUa'i'lSO 11631b Baldwin Locomotive. . 723 11U 1 99310'U Baltimore & Ohio ! IS SM4I SS 39 Bethlehem Steel B . . IHH 90 I 02 Butte .t Superior Cop 12 21",' 21";- 21", Calif Petroleum S3 48T, 48 435i Canadian Pacific TI147'-. U6'4 14T"j Central Leather ; 214; 96 92 95 Chesapeake Ohio..., 171 0H 57"sl 57 Chi. Mill St Paul..1 56! 42 I 42 I 42 Chi & Northwestern..! 16' 92., 9I1-' 92 Chicago. tt, I i Pac 39l 29 ' 27 A 274 Chino Copper 13 40' 39 I 89 Colo Fuel i Iron 0 42 j 41' 41 Corn Products 2661 83 79U 82 Crucible steel 3741187 1751S0 Cuba Cane Sugar . ... 1561 45, i 44 44 D'A O.JH 36J 10 i 13; 16 nist Seeur Corp 671 78 73 74 Erie I 10 13 US I 15 (teneral Blectrlc I ll!l69 166;iG7 tJeneral Motors I 24;812 I298 ,309 Croat Northern pfil .. 24I 8S S4 I 84 do Ore Clfs 26 39 38 I SO Illinois 'Central 1 3; 91 91 91 Inspiration Copper ..' 4,".' 56 55 ' 56 Int Mer .Mar pfd f MI1MH 10-K1104M International Nirkel .. 68! 23 23 25 International Paper ..I 181 1 88- 63 08 Kennecott Copper 45! 8l4t 30; 30s; Louisville Nashville1 7llCH 113, 113 Mexican Petroleum ..; 8771198 1189 1194 Miami Copper 8! 25 20 I 23 Miilvale Steel ! 169! 61l 501; I 51 Missouri Pacific ! 77' 28' 271-, I 27 Montana Power 4' 61! el . I 61 National I-a.l 24 81 j 79 80 Nevada Copper 1 )0j 10 10! 16 New York Central .. 2 7S73 '73 N V. N H llartrord1 30 33',' SI'-.1 32 Norfolk A Western... ' ' I 99 Northern Pacific 83! 85; 84 84 Ohio Cities ' 101' .VH; ( 48' 49 Ontario Silver 201 10' 10 ! 10 P trifle Tel ! Tel I 2 36 I 36 I 88 Pan-Am. Petroleum .1 852 106'; 101 '168 Pennsylvania I 481 42' 42' j1 42 Pittsburg a w v 1 1 ' 30 Pittsburg Coil I 04 61V 01! 61 Bay Con Copper 6' 22 ! 21! 21 Heading 6; 81l 78' 70 Itep Iron Steel ' S9H IOI : 99 '102 Boval Hutch N V ' 39R:iOI!lOO '101 Shatlliek Aril Copper) 9! 18 ! 12' 12 Sinclair Oil A 11,-fin . . 1.77.", 49i40 1 47 Southern Pacific 723 100 ' 00l 97 Southern Hallway ...i 45' 21 , 24 ' 24 Studebaker Corp j 880 1 13 109', '112 Texas Co I S4 296 284 '289 Tobacco Products 87 83 81 83 Cnlon Pnrlfle U2,12Si;'1231122 l ulled cigar Stores .. 530' 8SS,I S3 ' 86 I.- H Ind Alcohol ! 132 IHO'i'100 in2 0 S Smelting 231 75l 78 73 0 s ste,'i 1 i.4is'i04 iot!nay. do pfd ' 7lll4'113 113 t'lah Copper 42 78l 77 77'i Western Ctiion ' 9' 88 . 88 I 88 Westlnglioue BlM .. 74l3lo3 54 WllljsOverlanil . . ..' 140' 30".! 30 I .10 New York Money. N KW YOHK. Not. 19. Bar .ilrer. $1.27. Hcziuri dolhirs.1.01!0. Mercantile paper B. Sterling-Demand. J4.U3; cables. Si. 04. France lie, Hind. 9.72c: cables. 9.70e. Cuilders Demand. 37c; cables. 37 7-16c. Lire Demand. 12.52c; cables. 12.40c. Marks- Demand. 1.23c; cables. 2.17c. Time loans Unchanged, strung. Call money -Mas;, lligli, 12: low, 10; ruling rate. 12; closing bid, 10; offered tit 11; last loan, 19. Metaifl. NEW YOltK. Nov. 10. Copper, dull. Electrolytic spot ami last quarter. I0'.20c. Iron, steady aiol unchanged. Antimony. 19.26. Lead, easy; spot. 16.(10 hid. 88.75 asked; Dei camber, fn.io bid, .o.so naked. Zinc, easy: Mast St. Liuis delivery spot. $7.75 bid. S7.9U asked. At London spot (electrolytic! 111; tin, 282 12s 8di lead, 34 llle; zinc, 40 13s; others unchanged. |
