New-York tribune., 1907-12-14
TOPICS OF TIE STREET

check foreign speculation in our stocks 7-h 70
d'n market was inactive and featureess thro'on IN
oUt the day Money WAS easy in spite 80 so.-l-
ment requirements, ana d n:.nber of shor- US %'e-
bills were offered. Strong efforts ara baing me
10 avoid shipments of gold from the British mae mae
10 Argentine until next month. when grain ea- ai
begin to arrive. a'soes
: BANKS LOSE CASH.-The reported r,ova,,.
OF currency this week indicate loss in cash Is
by the banks OF $73269o. The loss the irtsrsa a
was more than offset ny gold imports and tb ''OF
loss was due 10 pa. ments subscrptions S@I
Panama bonds. The banks received from r. io'
terror SiD09.6tp and interior so 30 ~ ~
| Including transfers through the Sub-Tre,s11'7'4
S.156,G[o follows: To New Orleans S,es 90 q
Chicago $-.6Ni0oo 10 Cincinnati s5i0te: to 81 T 70
! S1of@" 10 San Francisco. $I112,GFN 10 raras'
$4,000; TO Philadelphia. $250ob". and 10 WaShjreF
500 The loss the interior was 81 pos s,.
| ceipts of new gold we're Sl0s2o.6a. namely =,
ported gold bars. $5.114C.o imported foreig1 l Ha'
A,flS@O imported United States ccir. s. q; 9.a- -
New York assay office checks $l.3ls 60a an, or
/ Francisco mint checks. S20ae. Ordinary l{-.todA odA
| mcuts by the Sub-Trsasury were SIS so saa D.,
mcnts by banks TO the SUb-Treasury fer r7s+r9
! internal revenue > per cent redemption furdS e.
s'l'"" The loss on Sub-Treasury operations pro-sr
! was $5}51.4o0. The total loss tu the iprsrfds'
s62o8S 500 and on sEo-Treasury operations prans-
$535L4c0-was $I1.5el. .211 Deducting the new gdTd
Sl0,S20teo, the net loss $.39s0o.
| DIVIDENDS Observation-Disclosures have -
declared as follows Pacific Coast Company rae1TI7~
quarterly Ia per cent on the first preferred n,
per cent on the second preferred and *. nor o..
! on the common, payable February l. Ridga g
rue Passenger Railway. Of Philadelphia reel1isr
| quarterly per cent pavaoIa January 4 e,as. 80
| Gas Company regular serni-annuai > per cent ON
the preferred, payable December 81 Bigeov a.
pet Company regular seni-aurUaI l.. per cent and
an extra per cent. payable January / Coal ara
Iron National Bank regular quarterly p per cent
payable January , Cumberland T-Iephona -
Telegraph regular quarterlv = per cent payable
January l. Central Coal and Coke regular Guar
teriy a cent the preferred and Z, par ca1-
on the common, pa vabe January l.. Netrono1itar
Trust Company regular quarterly pr cent nav
'lc-rr- Tp.f-
4-lSht Company per cent payable January =
AMERICAN sUGAF; REFINING 1sr.a
accounts of American Sugar Refining common socx
said TO have been closed out in the marker ~
Gently but the identity of the sellers has rot he's,
revealed In addition to this LIQUIDATION the beIqs
prevails in lower Wall Street that the stock is being
subjected 70 manipulation BY a well known Wal
Street operator. who is said 10 have been heavy
loser in the stock some of his previous nanipu
lations- The theory is maintained that now he is
taking advantage of the circumstances Of Mr. Have.
meyers death and the necessity Of liquidation from
other sources get back some OF the money whlc1
on previous occasions he lost in operations in tHs
stock.
COPPER TRADE CONUrTIONs-UaIker,s COD
Copper is dull. at slightly lower prices. LAX,
IS now 1872 to 1874 cents. and moderate sales OF
electrolytic being made at 1872 cents a pound
The buying demand is limited that II has verv
little significance. The tight money market is an
inSurmountable barrier 20 business progress ana
the manufacturers are therefore getting very few
orders Their disposition stock u, win metal
at this level of prices is curbed ny inability 70 boz
row money on it The surplus Of copper is small
and quite well distributed The largest produce-s
have some copper hand, portion Of which
has been shipped abroad and is being carried
there Later it will te sold and deliveries made
from 1t in Great Britain and Europe Several ~
the smaller producers have sold their entire prod
uct up TO the end Of this month. IL is 4 period
o- "aIlihS' "nieh may terminate ainl"s- any tire.
and which Will he followed by an advancing mar
ket for the metal The announcements Of a further
G9F'aiinent ~ the AnlaiSamated companies in
Montana IS likely to misIead one. As matter
=" fdCt, the Boston and Montana company Will
produce almost as much COpn-r monthly hereafter
a al Of the companies in district did 1r!rfn-
tt" months ot October and November. Until fhe
first Of this month there was no cUrtsjI-ent in tI
production cf refined copper. Frov now on how
ever. the output Of the reinertes Will be much
smaller because Of the curtaiIment which begaa
az the mines and smelling plants in Septenbe~
and October. There is reason for the belief that
more copper was sold during October and Novera-
Der tlan was produced
GRAIN EXPORTS FOR THE wFEK-"Brs5
streets reports the exports of grain for IN.
week, with comparisons. figures in bushels as fo
lows Wheat Hour included. . - 57a against srqe
~ last week, As 90 year and sra >Is = "a.
LGT the hsci'l year 10 date 1 Sfa SIS compared with
St,s"e611 in TS6-T and I25 e.S in r.arl, t,,r,
so "a contraste'i with 11S726 last week and sl
- IN I.', fiscal year 70 GATE, 22ImI.s srstasr
2eS+4,1I1 III 12-5-OT.
SLOSS-SHEFFIELD DIVIDEND -, 5-....
OF tne Sioss-Shefied Steel and Iron t-1,Da-v nav.
otcaied the r suiar quarterly dividend Of IS. Der
cent on tle preferred stock payable Ja7-srv > and
quarterly dividends 81 the same aTr1,JrT TO- +5s
remaining three-qUarters of the cor7nq-v- 4srsI
year Net earnings applicable for 5f~i4s~+g 90
the year ended Nover7t,e- aa r-,f- t>-o,-e--,- - -
estimated We're 81. - an increase % s51 81
equal per cent on rF1 nrefa-rat 80 s-,..s - :.
P-I cent on the common STOCK
COTTON EXCHANGE SEATS ror-zp-
Hubbard has bought two New Yo-.z ,,o,-o, ~
change memberships for c0f.-l eao5 r,- +~te~s[-.
a Liverpool The last previous price paid for a
membership IN the Exchange was s., l.1 o. -
the seats was owned by the estate ~ \
- ~. I5 ana tne otner was that Of L. T. Huobel
BOSTON COSsOLIDATED.-S Stockholders If III.
Boston Consolidated copper Company took less
Sf7n 40 per cent of th- new issue OF t.52l9o of
o''l4S convertible into stock e The sntf-a tss,
, t el.ugt "IItten oy New York. Boston and I0n-
don parties at %. and 80 per cent OF the anloua.
mas already been paid in
SCB-TREASCRY TRANSFERS S,b-Trsas-
ury transferred for local banks Yesterday Sa.0H
To- san Francisco. Se5,r9 to New Orleans Soss 70
Si55Gao '0A4 "
GOLD fMPoF<TS--The agency OF the Sank =
Nova Scotia has engaged &oa.010 gold N London
Ior Shipment by the Mauretania to-day This
ma kes 100000 taken by this bank and total Of
lo5250.0tG the movement
DIVIDEND PASSED--Tha directors OF the B1rr.
Elecfrlc ana Power Company have passed the dIvi-
dehd on the common stock The last quarterly
FdE:heHt was II per cent the s2.sl0n.l capital
stock outstanding.
PULLMAN'S TREASURER RETIREs-Gsorge
P Brown, who for the last thfrty-sfx years has
been connected with the Pullman COMPANY has
Tetired as treasurer and from active business He
has been succeeded by K. DemrnIsr
EXPORTS OF DOMESTIC PRoDUCTs-Ths
chief of the bureau OF statistics. Department Of
commerce and Labor. reports the volume OF prin-
cipal domestic exports for November and for tbs
eleven months ended November 50 follows:
MONTH OF NOVEMBER.
Yn4
Rreadstqrs -.----.saa 1865 sl5.494l:l sLS74e35
latte nogs etc., 1.o+S 2Go 2655.254 3l0t*e
Meat and dairy prod II sIa 4S5 I521asi
Mineral oils --.----.-- 1.794 S31 e'I39 SS4 a779sl