New-York tribune., 1906-12-22
TOPICS OF THE STREET.

TOPICS OF THE STREET.
FOREIGN TRADING-Foreign houses dealt IN
10, 900 shares in the local market. most OF which
were sales. In London the general market was
quiet at unimportant price changes Money was
in good demand in the British capital, but there
was no change IN discount rates. Il Is understood
that Iaris will send s5OOo.OOO gold to London
DIVIDENDS DECLARED.-The Audit Company
OF New York has declared the regular annual divi-
dend the common and preferred stocks. payable
on December 81 The Bank Of America has de-
clared the regular seni-annual dividend OF L per
cent. payable January 2 The Little SchUylkin
Navigation Railroad mas declared a dividend OF
per cent, payable on January Is The John 2.
Stetson Company has declared the regular semi
annual dividend OF per cent the preferred
stock the regular senni-annuaI dividend Of 10 per
cent on the common and per cent extra the
common. payable January Is. The Hanover
National Bank has declared the regular quarterly
dividend of per cent. payable January 2 The
Oregon Railroad & Navigation Company has de-
clared a regular semi-annuaI dividend Of per
cent the preferred stock, payable on January
The Southern Pacific Company has declared the
regular serni-annual dividend OF ga per cent on
the preferred stock payable January Il The
Mount Vernon Trust Company has declared a
dividend Of per cent, payable January L The
Mercantile National Bank has declared semi
annual dividend OF per cent, increase OF per
cent. The Fourth National Bank has declared the
regular semi-annual dividend Of S5 per cent. pay
able January 2 The Chatham National Bank
has declared the regular quarterly dividend OF
per cent. payable on January 2 The Citizens Cen
trail National Bank has declared the regular semi
annual dividend OF per cent, payable January
2. The National Park Bank has declared the reg
ular quarterly dividend OF per cent payable on
January 2 The Mechanics and Traders Bank has
declared the regular quarterly dividend Of 2I5 per
cent. payable january 2 The Importers and
Traders National Bank has declared the regular
serni-a annual dividend OF 10 per cent, payable on
January 2
CANADIAN PACIFIC-Canadian Pacific shares
crossed Northern Pacific yesterday. and insiders
predicted better price than Great Northern The
short interest is estimated at 20 900 shares and one
prominent operator in the stock IS lending Is 900
shares. 1t looks If the obstinate short interest
might get into serious trouble. Canadian Pa
cihc has been bought its merits by powerful
local and London interests. and in the course Of
tho buying spectators have sold IT short on the
theory that the larger buyers were merely in the
stock for turn and would sell out at small profits
The Canadian Pacific company owns more and bet
ter land than the Great Northern ore land pos
sessions. while its earnings from regular traffic are
increasing at rapid rate. owing TO the growth in
population in Canada and the accompanying ex-
pansion in Industrial activity throughout the
Dominion
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. 3,2Bs24 compared with
4SSSs57 last week, 4.4z34S3 in this last year.
n J.,
4O2. against g. z32O1 IN 1906 s3S21s7 in 1904
and 1 S9976O in 1901 Corn. LS25Se4 contrasted with
$751; IA last week. 9O6S6 65S in 1900 and 1S62S9S In
1904 from July 1. O. 216S.4 against S2 553 in 1896
and 13917,9 ,992 in 1904
COPPER TRADE CONDITIONs-WaIker's cop
per letter says: Copper is steadily working
higher. Lake and electroIytic now held at 2SLo
to $3.50 a pound Some producers are asking 24c
for lake. While the market is comparatively quiet
there is a steady demand from both foreign and |
&c., F{~,,
them to make contracts for deliveries as far ahead
March and April OF next year. So far as can be |
learned. there is falling Off IN consumption |
which. notwithstanding the abnormal level OF
prices, still exceeds production
UNITED BOXBOARD AND PAPER COMPANY |
President Barber Of the United Boxboard and |
Paper Company has addressed circular to stock |
holders, stating the steps taken to readtust the /
financial affairs Of tie company, having in view |
the retirement OF the general mortgage 5s. the
ercise OF the right 20 repurchase the of the
American Strawboard Company. and placing in the |
treasury new general mortgage bonds sufficient 10
finance ths company's needs. have been carried |
out far possible. The old general mortgage |
bonds were retired and new general mortgage
bonds amounting to S2.750O0O were authorized Of |
which S792,cOO was applied to retiring the previous
bonds One million dollars OF these bonds has been
apart to retire underlying Hens and s57 500 re
main unsold To repurchase American Strawboard |
stock. a750OoO collateral trust bonds were author
zed, OF which $SO2.4 400 have been issued secured
by 429sO shares of this stock The floating debt OF
$S50.OC0 remains outstanding
HEAVY EUROPEAN DEMAND FOR COPPER
Mail advices from Henry r. Merton & Co I'm
tied. OF London, Birmingham Manchester and |
Glasgow. under date OF December s. saw Of conner.
"All the leading producers are now sold out urtu
the end Of March. the Calumet and HecIa com
pany even until May. The smelter OF the Arizona |
Copper Company which has been partially de- /
stroyed by floods. will probably intensity tba s,a
city OF copper already existing in the I-n,ra5 Il
states european demand for refined brands esne
claIIy from Germany. has been on a cons5arabI. |
scale. much larger than for many weeks pas+ ana
a hutnoer OF orders remain untitled ovrire 20 IT,
oimculty OF nnding ready sellers The A,,aI
gainated company has made very large s5Ies tor |
-AaIch ana april shipments at relatively Low, nr,css
III t9 carry part OF the week their offers r,eer,s
win such response from the trade that thev hava
compelled practically close their books TO-
Nareh and advance their price for ArriI Daa1e |
nave done a good business for earlier r,ontbs a.
much higher values"
BANKS GAIN CASH-The reported v,ova,,s,.
OF currency this week indicate a gain in cash ba1t
oS 'he banks OF S.GS66OO. The banks received |
rom the Interior S76l 200 and sent 70 the intert
sSSdlOo. OF which there was transferred thro,,~b
the the sub-Treasury N.16OOc0 10 San Francisco a11 /
'<"oVtO 10 New Orleans. National bank notes sent
20 Washington for redemption amounted 20 q S1q
wv t'eceipts OF new gold were Sl2aS2OO The tota1
sa'h Oy new gold and on Sub-Treasury operations
was %'So'"" from which there was deducted tha
lbove - S''teH