New-York tribune., 1906-12-29
TOPICS OF THE STREET.


FOREIGN TRADING.-Foreign houses dealt IN
10000 shares IN the local market, sales predomi-
mating. In London the general market was quiet.
with consols unchanged and sentiment cheerful in
the mining department. Money was IN good de-
mand and cable dispatches Indicated firm rates and
activity in the market until well into next week.
There were changes OF importance in CONT
mental financial markets
DIVIDENDS DECLARED.-The FAN River tex
tile corporations have declared their regular divi-
dends The Globe Wernicke Company has declared
the regular quarterly dividend OF ia per cent on
the preferred stock payable January Is. The Rich
ard Borden Manufacturing Company. OF Fail River,
has declared dividend Of 25 per cent an Increase
OF onehalf OF per cent the October rate. The
Philadelphia Company has declared the regular
quarterly dividend Of HI per cent the common
stock. payable February L Streets Western Stable
Car Company has declared the regular quarterly
dividend Of so cents on the common stock, payable
January 25. The Wells-Fargo Company has de-
clared the regular semi annual dividend OF 5 per
cent. payable January is. The Vulcan DEFINING
Company has declared its regular quarterly divi-
dend of IL per cent the preferred stock payable
January 19.
COPPER TRADE CONDITIONS. - Walkers
copper letter says:
Copper prices continue TO advance. Lake Is SELL
ing at &c and electrolytic at $50 TO 2Sssc per
sold theiE & entire RFodTcton for February several
sales Of April Copper could be made were it not for
the unwiliingness OF producing interests to sell
is most de3ided scarcity OF spot copper and the
demand for It is large and urgent 1t Is because Of
try to piece out their requirements by the pur-
prices are advancing so easily and rapidly Con-
ditons in the foreign metal market a reflection
Sra6e IS pasG 81 S SDR FS
abnormal price level ConStidsTa6le t sTedtsent G was
by the Rio Tinto company about ten days ago. It
ropean consumers on the anxious seat, and since
copper TOR April delivery. With the market abso-
conslderabiy ahead Of production Il does not seem
possible that anything can happen 70 start a de-
GHh m to ne eome 5s Thee rS VIII Be- l3 G6 m masrs m
crease IN product99 during the frse five months
tanned therefore: the prospect Is good d., that the
a pound throughout the year 1907.
BALTIMORE q OHIO LOCOMOTIVES AND
COKE.-Instructions that have Just been issued by
]. E. AruhIfeld. general superintendent OF motive
power of the Baltimore & Ohio Railroad, 10 all
ter mechanics, road foremen of engines. assistant
road foremen and engineers and fremen in the
Pttsburg district Of the road governing the OF
coke in locomotives m that territory OF general
interest IN showing the extent OF the economic use
of coke In firing locomotives. The charter OF the
Pittsburg Junction Railroad requires that coke be
used as fuel IN all locomotives this line, and it
is believed that. by closely following the nstruc-
tions issued to them. the engineers and hremen
will not only be able TO handle their trains with
greater economy than heretofore. but will obtain
the highest degree of efficiency In the use or steam
IN their engines.
GRAIN EXPORTS FOR THE wEEK.-"Brad-
streets reports the exports of grain for the week
with comparisons, figures in bushels, as follows:
Wheat -four included, 24e4SS2. against S2OS.s24 last
week S4s24s IN this week last year. Ss114O in 1904
and 543 in 1901: for the fiscal year to date.
6SS4 compared with g. O279 IN 1906 a. 6SS27 in
1904 and 1461s13OS in 1901; corn. 1e0os contrasted
with 1854 last week. 46o7Ss5 in this week year
ago and 5s2 S2 in 1904; for the fiscal year date
1904.
BANKS GAIN MONBY.-Owing TO small ship
ments Of currency 70 out Of town points and large
receipts from nearby towns and moderate receipts
from the South, the local banks gained SS0S4o In
cash in the current week This does not include \
local movements ana Il may be that the gain on
Interior operations has been onset by Withdrawals
for home account incident to the expenditures OF
the holiday season. The banks shipped 70 the In
terror s46l71OO and received from the interior
g. $500 There was loss on Sub-Treasury opera
tons proper OF S1.a9.2o.
OFFER FOR INvESTORS-Tailer & Co. offer
10 investors S2J00OO Texas Pacific Railway Com
panys equipment trust per cent gold certificates
series G. These certificates are dated December 15
1906 and mature on the date in 1916 with In
terest payable quarterly. and s25O0O mature an
nuaIly on each interest date. They will be issued
in denominations Of $1,000 each and are guaranteed
as to both principal and interest by the Texas & |
Pacific Railway Company. The bankers offer them |
at price to yield 5S per cent on the investment
UNLISTED SECURITIES ON THE PRODUCE
committee appointed by the |
board of managers Of the Produce Exchange to |
consider the question OF dealing IN unlisted securi-
lies has reported favorably and petition is being
argely signed on the floor OF the exchange asking
the managers TO take up the subject speedily |
IS possible
vANDAILA DIVIDEND INCREASED The
Vandalla Railroad COMPANY has declared a divI- |
aend OF per cent. payable in two instaluents of
~ per cent each The distribution of the first in
stalment will be made on February s This divi-
dend Is an Increase Of per cent a year
PIG IRON CERTIFICATES Pig iron certificates 1
at the New York Produce Exchange were dull and |
There were no sales. Prices for regu-
lar follow; Cash and December. so 50 bid Quota |
IONS IONS LOT new standard foundry follow: January. |
" 'o9S54 %; February and March. SO 5O6S24 so
DIRECTOR OF THE MINT BUYS SILVER
The Director of the Mint yesterday purchased |
o'VV ounces OF silver for the Mint at Philadelphia
] he price 70 La ranta an o,,oo