The Wall Street Journal du lieu suivant : New York, New York • Page 7

STATEN ISLAND FERRY. RESULTS UNDER THE OPERATION OF THE CITY OP NEW YORK. Servle Maintained Highty Efficient New terminal ing Built Five New Boat in ServieeWM E-' tablitk Additional Line Traffic Focilitie iVV Enlarged More Than Three Hundred Per Ct Yry Pcfcit Experiments in municlpai operation of public Utilities are always Interesting wherever conducted, but they become more interesting when carried on where we can observe them closely. When, owing to the totally Inadequate service rendered by the old ferry company, the proposition was advanced by the residents and property owners of Staten Island that the city purchase and operate the ferry service, pro-testa varied and vociferous were raised against the plan. 1 The idea was called socialistic and Inadvisable in the ex- municipal 1 trem.

It was poraiea oui oy xne oojecvon uii and operation, wherever tried, bad I 'failed of the object sought to be gained. It had tir-various citios with disappointing results. It 1 treme. It was pointed out by the objectors tnat bad 11- 1 generally been tried was said that the service, if it should become municipal, would bo governed by politicians and consequently incompetent and costly. The prediction was made that large deficit would have to be met out of the city treasury each year.

Notwithstanding the reasonable nature of these protests, the city's duty the' residents of Staten Island was clear. They were eititsns of the city at large, paying their proportionate shares of the taxes. As cititens they were entitled to adequate means of communication with other portions of the city. Bridges and tunnels between the two sections were out of the question. The only other -method of communication was by means of ferries.

If private corporations refused to provide an adequate ferry service, It was incumbent upon the city to do so. After taking nil these things into consideration, the city decided to pro- Vide a ferry service that would meet the requirements of the people of Staten Island. In 1904 the company operating the Staten Island ferry had five old ferry boats, an inadequate terminal at South I it. Ct rAwu. mmm1iUa haI M.

IwJl Piped Jt rfoi nk extensions or improve- mm us iu properly, in wvwwr wio viv iwiovu wiv minals and ferry boats from the company for a period of one yoar. In October, city authorities purchased 1 a- I .1. li mA 4UA 520,000, by this action entering the field of municipal ope- The property which the city acquired from the ferry company was totally inadequate for the uses for which it was required. The terminals were too small and the boats were of an almost obsolete type. At the outset, the city was obliged to replace the property in its entirety.

Architects were retained to prepare plans for new terminals and they are now being built. Five new steel ferry boats were built and placed in service, at total cost of The present and prospective improvements to -the plant an dservice will require an expenditure of approximately 14,000,000. The service maintainor by the olJ company consisted of 48 boat each twenty-four hours. Trips were made half-hourly on an average and the seating capacity of the boats was 1,300 passengers per hour. When the city placed its new boats in service, it inaugurated a twenty-minute schedule, running Bixty-one boats every twenty-four hours, having a seating capacity of 4,600 passengers per hour.

The service of the old company was unreliable. Under city management, the boats develop a speed of sixteen miles per hour, saving eight minutes on each trip, with a variance of not more than one minute from schedule per trip. Under the new management, the daily receipts have increased about 17 per showing that the. traffic increased in proportion to the increase, in service: The maximum travel was 83,000 passengers per day and the total in 1 arly 10,000,000 per year. When tho municipal ownership and operation plan was first broached, great stress was laid upon the probability of political domination of the ferry service and its 'consequent demoralization.

By appointing a practical traffic man as superintendent, Dock Commissioner Bensei i obviated any such difficulty. On the contrary, the personnel is maintained at a remarkably high point. The service has never suspended in bad weather, as some lines with shorter hauls -have done and the United States steamboat inspectors have complimented the ferry officials on the high standard of drill and disciplines maintained. The rrrwn on the munieinal ferrv boats hold the record for i fire and safety drills, doing the work quicker than on the 'i boata of anv other ferrv line in the harbor. The city expected to meet a deficit $350,000 per year in the operation of this ferry.

The service is more extensive than when that estimate was made, and notwithstand- L. ing that fact tho estimated deficit for this year is $250,000. 4 pf 'oune, the line is not operated on the same basis as it I 'would be under private management. Instead of trying to pay dividends the management is furnishing an adequate service. This is in accordance with the idea with which the line was acquired.

The city's obligation is plain. It is in duty bound to furnish a proper service for the residents of Staten Island, whether it pays or not, and it is doing so. Later a service will be established from South Ferry to Stapleton. This will be an additional expense without bringing much additional revenue, but it is required) and will be established. The following figures will partially show the nature of the service rendered by the private corporation, and that rendered by the city: MUNICIPAL OWNERSHIP terminals 6 modern speedy ferry boats 20-minate service Seat, capacity 4,500 per hr.

01 boats each 24 hours POTATO OWNERSHIP Inadequate terminals 5 old worn out boaU 80-minute service Seat, capacity 1,300 per hr. 48 boats each 24 hours Gross receipts for 1906 gross receipts "for 1905, $492,341.21. Increase 17. The cost of operation is heavy; the city must stand a loss each year; but the end aimed at it is being attained. The result will be the great growth of Staten Island's population, the improvement of its property, and the city's finances will eventually benefit by the increased taxes from improved proper.

BELL TELEPHONE OF PHILADELPHIA. "Philadelphia The bulletin of the secretary's office of the Philadelphia Stock Exchange shows that there have been listed during the past week 291 additional shares of the capital stock of the Bell Telephone Co. of Philadelphia, making the total amount listed $22,869,900. 1 INCREASE REFUSED. Lowell The textile council has refused to accept the increase in wages granted by the mills in this city, because of the fact that the mill operators refused to rec-, pgnise the textile council when making the concession.

SOLE LEATHER ADVANCED. Boston Wm. F. Mosser A Co, the largest tanners of SXie jeaiaer uuuuue vi me ugiiaa duties reamer nave announced an advance of 2c. per pound in the price of union-taaned sole leather, making quotations 38c.

for first grade, 86 for second, and 34 for third. i Claarrtlaa, Impart' Ti BENSON AND HEDGES IS OU IhI Srr4, Umh InMoit 4S5.Klftk An, Nmt Terk. 1W II. Jum IU MratNal. MGaesl Isprt4 Ooars lor $7 ssrtM $sm 3S Extra ftSMC 97 Utl nnt with Donor's card.

Bxpress paid to anv addreu. Majesty's MJxtur. 1.100 per lb. HAH Mixtur. 12.00.

HAH "8rmII." 12.60. Thm "ft. A clbrad lsr humidors In all r'r irooda. Cieirtti hitmlders. JKacUan Sriar elpea aad Maok- truuM.oeituMi THE WALL STREET JOURNAL, TUESDAY MORNING, DECEMBER 18, 100G.

TOLEDO RAILWAY LIGHT. Railway A Light's report for November and eleven months compares as follows: 1906 1905 4904 1903 Nov. groas. $172,728 $164,418 $146,789 $140,718 Exp taxes 94,521 86,889 7,037 7610 Nov. $7807 $78,029 $69,722 Charges 42,845 42,625 41,626 40,811 Nov.

surp. $3504 $28,096 $24,697 11 mo gross $1,860,762 $1,737,711 $1,88604 $10999 Exp 4 977,200 888,296 845,372 781,189 li nos net $888,552 $849,415 $741,532 $728,110 Charges 466,807 467346 458,181 448,907 mos sur $416,745 $381,569 $288,361 $279,203 J. J. HILL AND FIRST NATIONAL OF CHICAGO. Chicago James J.

Hill will go on the directory of the First National Bank of this city at the annual meeting in January. Mr. Hill has become a large stockholder in the First National. Uport the death of Otto Young the board then requested J. B.

Forgan to Invite Hill to become a director. Mr. Forgan did while in New York last week and Mr. Hill accepted. The directorate consists of twenty-one members, among them George F.

Baker, S. W. Allerton, Chas. Geering, Nelson Mbrris and E. T.

Jeffery. NORTHWESTERN MILLING REQUIREMENTS. Northwestern authorities on wheat consumption for flour mills place the grand total of all kinds consumed from the crop of 1905-1906 at practically 200,000,000 bushels. This includes seed wheat for spring requirements as well as Minneapolis and Duluth mill consumption and shipments to outside mills. ATLANTA POST OFFICE BIDS.

Atlanta Bids have been asked for the construction of the post office building in this city. The sum of has been appropriated, but it is expected that $250,000 iwiU be added to this amount. Work will begin ai suutt as contracts are awarded. BURLINGTON. Chicago Burlington is about to begin work on an extension from Herrln, I1L, to some point on the Ohio river near Metropolis, 111., 40 miles, and also on a 20-mlle branch from Warland, Wyo, southward, tapping another rich coal section in the Big Horn valley.

INVESTIGATING FUEL FAMINE. Minneapolis Commissioners Lang and Harlan Monday began an investigation of the car shortage and fuel famine in North Dakota. The principal reason for the fuel famine is snow blockades on branch lines and insufficient motive power to handle the immense business. CENTRAL OF GEORGIA. Atlanta Work has been begun upon the new freight and construction yards here for the Central of Georgia Railroad to cost $500,000.

The yards will cover 400 acres. CHICAGO A MILWAUKEE ELECTRIC. The Chicago A Milwaukee Electric Co. reports earnings for November and Eleven Months as follows: 1906 1905 1904 Nov. gross $77,404 $54,400 $45,326 Expenses 39,904 24,480 17,961 Nov.

net $37,500 $29,920 $27,365 Eleven mos. $799,862 $528,289 $125,229 Expenses 333,296 220,351 161,517 Eleven mos. $466,556 $307,938 $263,712 CANADIAN PACIFIC. Montreal Canadian Pacific earnings for the week ending Dec. 14 were $1,206,000, decrease $55,000.

WEEKLY RAILROAD EARNINGS. Railroads report weekly gross earnings as Texas Central: 1906 1905 Inc Dsc 1st week 26,606 24,898 2,207 July 1-Dec. 7.. 512,098 439,183 72,914 Twin City Rupid Transit: 1st week 105,364 95,923 Jan. 1-Dec.

7.. 5,213,152 4,893,844 819,808 Wabash: 2nd week 479367 481,766 1,899 July 1-Dec. 14. 12,972,870 11,551,162 1,421,708 FOREIGN GOVERNMENT BONDS. Foreign government and municipal bonds, reported by Zimmermann A Forshay, 9-11 Wall street, New York, December 17, 1906: BID ASKXD German Consols Stts 97ft 97 German Consols 3s 86 86 Bavarian Government 4s lOltt 101 Hessian Government 3s 96 96 Saxony Government 85 86 Hamburg Government 3s 84 84 City of Cologne 4s 101 101 City of Munich 4s 101 101 Citjf of Augsburg 4s 100 101 City of Frankfurton-Main 3s 96 96 City of Vienna 4s 98 98 Mexican Government gold 5s 100 101 Russian Government 4s 77 78 French Rente 8s 95 96 British Consols 2s 86 86 FOREIGN CLOSING QUOTATIONS.

London Dec. 17 Dec. 15 up opf Consols (money) 86 88 Consols (account) 86 86 Japanese 4 89 89 Russian 4 77 77 Rio Tinto 85 80 PARIS French rentes 95.15 96.10 35 Russian 63.36 63.35 BERLIN' German 3 86.90 87.00 .10 WHEN ROOSEVELT HELPED PACK ORE. "It was from the Krao mine at Ainsworth, B. that I shipped the first silver-lead ore ever exported into the United States from British Columbia.

This was in 1886, and consisted of six tons. We packed this ore about two and one-half miles down the hill oyer a rough trail on our backs. It was loaded on a large sailboat which was towed 150 miles to Bonner's Ferry by the old tug "In 1888 we had for a visitor in that country no less a person than Theodore Roosevelt, Mr. Roosevelt came down the river and lake In a canoe, on a hunting and fishing trip. He had for a companion and guide a man named Staffer, who now lives somewhere in Spokane.

Although he was then only years of age, we prospectors and miners never enjoyed a visit from anyone more than we did that of Mr. Roosevelt. Whenever be had anything to say we listened attentively. On the invitation of Dr. W.

A. Hendryx, who was then operating the Blue Bell mine, be decided to go out to Bonner's Ferry on the little At that time I was making a shipment of ten tons of Gallagher ore. All old timers remember the high bow of this old craft, and as she had to land at the beach, there being, no the gang. plank' was at an angle of about 45 degrees. Mr.

Roosevelt turned loose with the rest of as and helped pack the heavy sacks np the steep bank and stow them Away on the vessel." A. D. in Denver Mining Record. NOT TO RETIRE AT PRESENT. The Nipissing slump has fixed it so that a lot of people who were going to get rich in a hurry out of the mining business will still have to werk for a living for a while.

-Toronto St; PRESIDENT'S CANAL MESSAGE GREAT WORK THE ISTHMUS CERTAIN TO RE-; DOUND TO THE CREDIT OF AMERICA. No Doubt About the Sueeen of the Panama Canal Wisdom of the Management Shown in th -Foundation PlaneSolving the Sanitation Problem Now Urn Are at Work Preeident Rooeeveli.to the Slanderer The traet Plan. WashingtonPresident Roosevelt has sent to congress a special message relating to the Panama Canal. This In large part is an account of recent trip to the canal tone. A summary of the more Important parts of the message follow: Ths wisdom of the eanal management has been shown in nothing more clearly than in the way in which the foundations of the work have been laid.

The first great problem to be solved, upon the solution of which the success of the rest of the work depended, was the problem of sanitation. The results have been astounding. After two years of our occupation the conditions as regards sickness and the death rate compare favorable with reasonably healthy localities in the United States. Just at present the health'showlng on the Isthmus is remarkably good so much better than in most sections of the United States that I do not believe that it can possibly continue at quite its present average. In Panama and Colon the death rate has also been greatly reduced, this being directly due to the vigorous work of the special brigade of employes who have been Inspecting houses.

The new water reservoir back of Mount Hope has been practically completed. I visited this reservoir. It is a lake over a mile long and half a mile broad. It now carrier some 500,000,000 gallons of first class water. The President says he rode through the streets of Colon, seeing them at the height of the rainy reason, after two days of almost unexampled downpour, when they were at their very worst.

Taken as a whole they were undoubtedly very bad; as bad as Pennsylvania avenue before Grant's administration. Nevertheless it is now posiiblo to walk through three-fourths of the town even during the period of tremendous rain, without wetting one's feet. The conditions of the Colon streets are one hundred per cent better than they were a year ago. It is curious to note the fact that many of the most severe critics of the commission criticise them for precisely opposite reasons, some complaining bitterly that the work is not in a more advanced condition while the others complain that it has been rushed with such haste that there has been insufficient preparation for the hygiene and comfort of the employes. As a matter of fact neither criticism is just.

There seemed to me too many saloons in the zone; but the new high license law which goes into effect on January 1 next will probably close four-fifths of them. Nearly 6,000 of the white employes had come from the United Stat? No man (an see these young, vigorous men energetically doing their duty without a thrill of pride in them as Americana. They represent on the aver-a high class. The wages paid to them will seem high to 'congress, but owing to the peculiar surroundings, the cost of living, and the distance from home, the wages A re really not so high as they should be. The President speaks in commendation of the food supplies.

The married men est at home. Most of the unmarried men oat at the government canteens or hotels where the meal costs thirty cents to each employe. ThU thirty cent meat struck me ss being as good a meal as we get in the Unitod States at the ordinary hotel in which a fifty cent meal is provided. I was struck by tho superior comfort and respectability of the lives of the married men. One of the greatest needs at present is to provide amusments both for the white and the black.

The main work is now being done in the Culebra cut. It was striking and impressive to see the huge steam shovels in full play. There were somo twenty-five st work during the time I was on the Isthmus, nnd their tremendous power and efficiency were most impressive. Jn August 242,000 cubic yards were taken out; in September 291,000 cubic yards, and in October 325,000 cubic yards At present 25,000 men are engaged on the task. After a while the number will be doubled.

Tho conditions are so new and so trying, and the work so vast, that it would be absolutely out of the question that mistakes should not be made. Doubtless here and there some minor rascality will be uncovered; but as to this, I have to any that after the most painstaking inquiry I have been unable to find a single reputable person who had so much as heard of any serious accusations affecting the honesty of the commission of any responsible officer under them. The President speaks of the immense amount of reckless slander that has been published. Where the slanderers are of foreign origin, he says. I have no concern with them.

Where they are Americans, I feel for them the heartiest contempt and indignation. After a most careful consideration we have decided to let out most of the work by contract, if we can come to satisfactory terms with the contractors. The President says the contract plan of the Secretary of War has been adopted after careful study by the chief engineer, Secretary Taft, some of the ablest lawyers in the country and Mr. Root. The President's conclusion is that it combines the maximum of advantage with the minimum of disadvantage.

The President believes a seven-headed commission to be a clumsy executive instrument and that there should be but one commissioner, with such heads of departments and other officers under him as may be found! necessary. Tho President is gratified that representatives of ths commercial clubs of Boston, Chicago, Cincinnati, and St Louis are soon to visit the Isthmus for the purpose of examination. Of the success of the enterprise, says the President, I am as well convinced as one can be of any enterprise that is human. They are doing somethinr which will redound immeasurably to the credit of America, which will benefit all the world, and which will last for ages to come. PUBLIC LAND LAWS.

Washington The president sent a message to the senate and house of representatives to-day on public land laws, which says in part: I am gravely concerned at the extremely unsatisfactory condition of the public land laws and at the prevalence of fraud under their present provisions. For much of this fraud the present laws are chiefly responsible. There is but one way by which the fraudulent acquisition of these lands can be definitely stopped, and therefore I have directed the secretary of the interior to allow no patent to be issued to public land under any law until by an examination on the ground actual compliance with that law has been found to exist For this purpose an Increase of special agents in the general land office is urgently required. Further the secretary of the interior should be enabled to. employ enough mining experts to examine the validity of all mineral land claims and to undertake the supervision and control of the use of the mineral fuels still belonging to tho United States.

The law should. give individuals and corporations, under proper government regulation and control, the right to work bodies of coal land large enough for profitable development My own belief is that there should be provision for leasing coal, oil and gas rights under proper restrictions. If the additional force of special agents and mining experts I recommead is provided and well used, the result will be not only to stop the land frauds, but to prevent delays in patenting valid land claims and to conserve the indispensable fuel resources of the nation. SUPREME COURT RECESS." 7 Washington The Supreme Court has announced a two weeks' mess' from next Monday. NAVY PERSONNEL, WashingtonThe President Monday sent a message to Congress on the personnel of the navy, which said in Parts In ray Jast three annual messages I have invited ths attention of tho Congress to ths urgent necessity of Such legislation as will cause officers of the line of ths navy to reach the grados of captain and rear admiral at less advanced ages and will give them more experience and training In the Important duties of those grades.

The secretary of the navy several months ago convened a board of six representative Una officers, with ths assistant secretary of the navy as to consider and recommend such changes in existing law relative to commissioned personnel of the line of the navy as would tend to promote efficiency and economy. The bill herewith transmitted to Congress has been formulated by the secretary and is based, except in a few details, upon tho recommendations of the board. I earnestly recommend Ms early consideration. Should it be enacted into law it will cause officers on the seagoing Hit to reach the grade of captain at 48 and rear admiral at 55, and will assure their serving seven years In the grade of captain and sevm years in the grade of rear admiral, thus enabling them to become thoroughly skillful and efficient in these grades. The accompanying bill also establishes the grade, of vice admiral.

If the propored plan of promotion is" carried out, it will, as compared with existing law, make a saving of more than $5,000,000 during the next seven years. RAILROAD RATE LAW. Washington In some quarters here it Is claimed' that a hiatus of twenty-four hours between the repeal of the Elkfns law and a joint resolution putting in effect the new railroad 'rate law, makes the new law Ineffective as to government action against the Standard Gil Co. The joint resolution, at Senator Bailey's suggestion, went over. It is now alleged by some that this suggestion of Mr.

Bailey's caused the condition of affairs upon which immunity is now claimed. OWNERSHIP OF COAL LANDS. Washington Interstate Commerce Commissioner Clark advocated before the public land committee of the house withholding all coal lands from public entry, pending further investigation. He saw no objection to leasing them where their character was not fully determined, but favored their permanent withdrawal where they were found to contain coal. Mr.

Clark has been in charge of this investigation by the commission involving holdings of the Union Pacific Railroad to Colorado and other western states. TO INVESTIGATE HARVESTER CO. Washington The Senate has adopted a resolution directing the Department of Commerce and Labor to investigate the International Harvester Co. TO INCREASE FEDERAL SALARIES. Washington Congressman Jones of Washington has introduced a bill which provides that from and after July 1, 1907, the salary of each and every civil service employo of the government shall be 20 per cent more than the prea-ent salary of such employe.

There is very general sentiment here in favor of some increase in view of increased cost of living. It is probable an increase of 10 per cent will be made by this congress. TO INCREASE SALARIES OF CONGRESSMEN. Washington It is the expectation that the senate will reinsert in the legislative bill the item stricken out by the house on Friday, increasing the salaries of senators and congressmen to 7,500 per year. MOODY ON BENCH.

Washington Justice Moody took the oath and his seat in the supreme court at noon Monday. STANDARD OIL. Washinptori Attorney General Hadlcy, his assistant C. Lake, and Robert A. Anthony of Missouri have left for New York to take testimony in the state of Misnouri case against tho Standard Oil Co.

"Will Missouri attempt to confiscate the oil trust's property in the state if the suit is decided against the company Mr Lake was asked, "Why not? We claim thut this is one of the penalties for violation of the anti-trust law," he answered. CAMPHOR PRODUCTION. Washington Dr. Galloway of the department of agriculture, made a statement before the house committee on agriculture that at present Japan controls the camphor production of the world. Camphor is essential to the' manufacture of smokeless powder, which gives that country a great advantage over any other.

He advocate! greater activity in growing camphor plants in the -south and especially in Florida, so as to make the United States independent of Japan. EXCELSIOR SAVINGS BANK INTEREST. Directors of the Excelsior Savings Bunk have declared 3 interest to depositors, payable Jwi. 1. In declaring this interest the board of directors stated that it was as far as possible their intention to pay 4 on deposits next July.

Hitherto the Excelsior Savings Bank has been paying its interest on deposits monthly, but it is propose in the future when the interest will be on a Vo basis to pay the same quarterly. DRY DOCK SAVINGS BANK INTEREST. The Dry Dock Savings Bank will pay 4 interest to depositors Jan. 1. For the last seven years this bank has been paying 3 interest UNION SQUARE SAVINGS BANK INTEREST.

Directors of the Union Square Savings Bank have, declared interest of 4 and 3 to" depositors, payable Jan. 1. Interest of 4 is payable on deposits up to $500, and 3 on amounts in excess of $500. The Union Square Savings Bank has been paying 3 on all deposits for the last eight years. BANKERS' TRUST CO.

DIVIDEND. Directors of the Bankers' Trust Co. have declared a quarterly dividend of 4, payable Jan. 2 to stockholders of reeord Dec. 26.

DIVIDEND UNCHANGED. Directors of the Manning, MaxwQl A Moore Co. have declared the regular quarterly dividend of 1, payable Dec. 31 to stockholders of record that day. DIVIDENDS PAYABLE TO-DAY.

Calumet A Hecla $20. BOOKS OPEN TO-DAY. Westeern Union. BOOKS CLOSE TO-DAY. United Bank Note Corporation pfd.

National Sugar Refining pfd. I DAILY MOVEMENT OF AVERAGES. Following is the daily average price of twenty activt railway stocks and twelve industrials for period It DnnmaiALS to IUilwats Last low point. 12, '06. .9238 Oct 81, 06, 13137 Last high Dec 11, '06.

.95.89 Dec 11, '06, 187.66 11 cn raoH ca'o roa rwnnm. raav. or an. nmt. dai Dec.

94.82 Dec. .45 13537 .74 Frl, Dec 7.. 95.80 Adv. 38 136.65 Adv. 138 Sat, Dec.

8.. 05.19 Dec. .11 13636 Dec. 39 Mon, Dec. 10..

95.58 Adv. 39 13631 Adv. 33 Dec. 11.. 95.89 Adv.

31 13736 Adv. 35 Wed, Dec 12.. 9536 Dee. .63 136.63 Dec. .93 Dec 13..

94.10 Dec. 1.26 134.98 Dec. 1.70 Fri Dec. 14.. 9432 Adv.

.72 186.73 'Adv. 130 Sat, Dec. 15.. 95.46 Adv. 186.78 Adv.

35 Dec. 17.. 94.50 Dec 36 135.36 1.42 'V THE CURB MARKET. -Canadians estimate that Ottawa Valley men alone have (akea $10,000,000 out of the Cobalt camp. M.

J. V' O'Brien, chief owner the O'Brien mine, is credited with the largest individual profit, but the list of men In that district who have made from $25,000 to $300,000 contains two-score names at least There fs.soms talk. of forming a company to furnish -power for the Cobalt mines. The proposition Is to develop 40,000 horse-power on the Q-ilnse river. 18 miles from Cobalt camp, Official government returns for the month of November published by the Minister of Public Works for the Dominion of Canada show that 1,449,680 lbs.

of ore were shipped out of the Cobalt camp during the month of November. The La Rose mine made the biggest shipments, namely, 430,000 the Buffalo mine shipped 240,000 lbs. and the Nipissing shipped 199,720 lbs. The fame of Cobalt has spread abroad and foreigners are beginning to come into the market London and Paris, it is said, are showing especial interest A number of representatives of English, French 'and German mining interests have been In the camp and. some of them are be- Heved to have secured options on properties there.

There are so many new Cobalt mining companies being incorporated that some complaint has arisen over the similarity of names. There are two companies whose namo begins with Abitibi, while the word Cobalt occurs in more than a dozen names as the chief asset with more or less meaningless qualifications. Many of these are merely wild-cat promotions. As an Instance of how mining operations are carried on in some parts of Cobalt camp, it may be stated that the Right of Way Mining Company, whose entire staff consists of seven men and one wheelbarrow, took out one day about four tons of ore, running from 2,000 to 6,000 ounces of silver to the ton, and valued at about $10,000. The company's concession, which, consists of three miles i of the right of way of the T.

A N. O. Railway cost them a cash bonus of $50,500. In addition to this, the government receives a royalty of 25 per cent on the gross value of the ore at the mouth of the mine. This means that the company got $7,500 and the government $2,500 on the day's operations.

The ore was taken out of a continuation of the Timmins vein, close to the track. At this rate the company would only take abdtit eeven days to earn the cash bonus. Saturday was the last day for tenders to the government for Che purchase of the bed of Cobalt lake. It is understood a syndicate, including Ottawa, Toronto, North' Bay, Cobalt and Montreal investors put in a tender. Tho syndicate will appoint three trustees to negotiate with the government The known mineralized area continues to widen.

Prospectors who have come in from the Lady Evelyn Lake district report the discovery of veins almost exactly similar to the rich Cobalt veins. Larder Lake, too, is beginning to attract considerable attention, on account of the many gold bearing veins lately opened up there. The gold is free and the country rock diorite and slate. A number of claims have lately changed hands at from $5,000 to $30,000 each. The lake is nbout forty miles north ot Cobalt only fifteen miles from the government railway, and there will probably be a rush for the new gold fields in the spring.

The curb market is not only a riot of noise; it is also a riot of color. The sombre greys and blacks in vogue on the Stock Exchange are discarded for garments of brighter color. Waistcoats of loud enough pattern to almost overtop the shouts of the traders are in evidence, bun noisiest of all are the hats, hite, green and even red hats are beginning to be worn by the brokers. Even oil rainy days the garb of the curb is picturesque. On such occasions they look much like a gang of able seamen off a whaler." Gran't Hugh Brown, of the United Cobalt Exploration Company, according to advices from Toronto, has taken up the option held on tho Cobalt mines known as the J.

B. 3 (Princess mines) the Eplitt, the Wallace, the Brown, and tho Silver Hill Co. mines. A provincial charter has been grunted to him under the name of the United Mini- of Cobult, which will be the holding company. Algernon Del Mar, a noted mining engineer, has arrived in Cobalt, and has begun active operations on these properties, three of which aro said to promise early shipments.

C. J. McCuaig, who had in charge a party of Canadian and American capitalists, recently inspecting Nipissing properties, is quoted by a Canadian paper as saying: "Vein 49, known as the Bonanza vein, contains from 2 to 4 feet of solid ore which will run from 2,000 to 11,000 ounces to the ton: which means in round figures ore valued at $1,400 to $7,000 a ton. This vein is 400 feet long. Up to the present the work on the Nipissing has been in the nature of open cut mining.

New shafts have been started nt various points to develop the property in the ordinary way." THE GLIDDEN TOUR. Sherman, Tex. The Gliddjn automobile party, driving on the Rock Island Railroud tracks, arrived here Sunday night from Little Rock, having motored on the rails from Chicago via El Paso 3,318 mike. Traffic on the lints east and west was considerably lighter than north and south, but notwithstanding this there are not sufficient cars and power to handle business offered. Passenger and ceight locomotives are kept in continued service, with change of crews, hauling merchandise.

The party continues its drive to-day to points in Texas and to Mexico City on the International A Great Northern and National lines of Mexico. PENNSYLVANIA RAILROAD The Standard Railroad of America FOUR TRACKS BOCK BALLAST "PENNSYLVANIA SPECIAL" 18 hours between New. York and Chicago "THE PENNSYLVANIA LIMITED" 8 hoars between New York and Chicago "CHICAGO LIMITED" 14 hoars between New York and Chicago ST. LOUIS LIMITED tT boors and SO minutes between New York and St Lonla for foil Information consult STUDDS. P.

868 fifth Avenue. New York, J. WOOD. GEO. W.

BOYD, Pass. Irafflo Manager. Gen. Paa Ax eat Every Train a Two-Hour Train rromT a.m. to bp- m.

TO PHILADELPHIA VIA- 1 Hew Jersey Central Train Every Hour SMS SfM Horn bm W. aM St. 1 nlaatw tolan Uw bm rsiwwKstsjP ST. r.u.rsT iattB.ni nit Uiniau 7.