New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-01-30
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses dealt In
10000 share In the local market. buying balance
II London copper shares fairly firm. but the
general heavy. The best feature OF the
settlement the appreciable reduction in the
heavy line of American stocks carried in London
for American account. The contango on American
issues was SIS 20 per cent. The general money
market abroad showed no important change.
KANSAS CITY VIADUCT AND TERMINAL.
COMPANY.-Fisk & Robinson IN their monthly
bulletin say:
The viaduct connecting Kansas City. No. with
Kansas City Kan, is now IN operation the formal
opening ceremonies having taRen place on January
- These cersInones v 4tch We're @tI5nCf f ~ me
Governors or The 'w0 states We're u5ISF
the auspices e the Commercial Club and the Mer-
structure in he future development Of these two
cities is second only TO their connection win the
two rapidly growing ard interdepenGent o. wnS are
Situated ON high bluffs and between them lies the
largely occupied by the network of tracks OF six
utilized by large manufacturing and business
Be handled by teams Witch are subject to the
dangers Of grade crossings and the handicap OF
The yiaduct is Ie miles IN length and provide, a
RGaGteay eve y b Tb U ro - which is to
be used for teams and trolley lines. is paved with
strGction Of the yiaduct the best modern standards
Stands on massive concrete Pedestas which rest
on Creosoted and concrete piles as an extra pre-
The Kaw River is spsnned by bridge consisting
Of TWO sections weighing lsC9 tons which are sup,
cc0nCrete incnes and large Vehicle elevators con-
nef9s the f5a teams TaSd and safe iraHsport
ton TO the yiaduct It is estimated, ,, that team
practically an hour IN time. while the time OF
VIII be reduced at least fifteen minutes. The utll-
fly Importance O. this great structure are fully
son to believe that the estimates Of large earnings
will be realized.
TO OFFER TELEPHONE BONDS.-The syndi-
cate composed OF ]. P. Morgan Co. Kuhn. Loeb
vrhfc last
wrote the 500 10000 per cent convertible bonds
OF the American Telephone and Telegraph Com
pany II Is understood will make a public Offering
OF a part Of this issue within the week ten
days These bonds have been held by the syndicate
since they were brought out. and no attempt has
been made to dispose OF them 20 the public up 70
this time The reduction in the price OF the bonds
from 94Ia 20 Of TO the underwriters. which was re-
Gently granted by the company, however viii en-
able the syndicate to offer them at price which Is
expected TO prove attractive TO investors The
bonds are a part OF authorized issue OF Sl5'.-
600 600 and are convertible into stock after March
/ 1909 at 40. The managers Of the syndicate
recently called on the members TO pay up the
fourth lnstaIncnt OF 10 per cent OF their under
writings so that the syndicate has 10 this time
turned in Sl0000.00O on the issue leaving $4,000
GOO To be paid soma time during the remainder OF
this year 1t is understood that the forthcoming
public Offering will be something less than half OF
the total amount taken by the syndicate.
NO NEW MINING EXCHANGE-The reports
that another mining exchange will be organized
in this city by the brokers who last summer moved
to Jersey City to avoid the payment OF the stock
transfer tax said to be without foundation It
is understood however. that a movement Is on foot
To abandon the Jersey City curb and TO return TO
the New York curb market II IL Is decided BY
the brokers' now doing business In Jersey City to
return to New York trading will be done the same
as before the Jersey City curb was organized II
Is said that there Is really nothing TO keep the
Jersey City market IN existence now that the
Stock Tax law has been interpreted by the New
York State Court OF Appeals. which requires a tax
Of s. on each 500 par value instead OF 81 share
irrespective Of the par value
BANKS AND THE T1EASURY.-NOt including
the 22OO2 debit Of the local SubTreasury at the
Clearing House yesterday morning. including over
100000 paid out pOstOffice warrant. repre-
senting payment TO the Pennsylvania Railroad by
tho government for land purchased from that COM
pany. banks Meaiay lost sis 200. and since last
Friday lost 81 29OO0. the same time a week ago
they gained 81 $4,000.
HANDBOOK OF INVESTMENT BONDs.-Dann
& Robinson. members OF the New York Stock Ex-
change. who make a speciality OF investment Sc
curities. have prepared interesting and useful
handbook OF railroad bonds that are legal invest
ments for New York State savings banks under
the law as revised In Ieo5-Os These bonds are aI.o
suitable investments for executors adrniristra-
tors guardians and those controlling trust funds
PIG IRON CONFERENCE.-The iron osrtIh-
Gates at the New York Produce Exchange were
dull for regular and about steady for standard
foundry. There sales and no quotations
for regular. Prices for standard foundry follow:
Cash and January. s2s bid; February. s22 BID:
March. s22Qs2S; April see s5Gs22 So May. s22 %:
June and July So asked.
NATIONAL RAILROAD OF MEXICO FIRST
PREFERRED DIVIDEND.-The National Rail-
road Company OF Mexico has declared tho usual
semi-annual dividend OF per cent its first pre-
ferred stock. payable on February II to holders Of
record on February 5.
PETITION FOR EXTRA COTTON EXCHANGE
HOLIDAY.-A petition circulated on the New
York Cotton Exchange yesterday requesting a vote
a proposition TO close the exchange on FebrUl-
airy q.
ADMITTED To QUoTATION.-The Stock Ex-
change has admitted TO quotation In the unlisted
department. United States Mortgage and Trust
ornpany certificates Of deposit q The Wabash