New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-19
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses dealt IN
10000 shares in ne local market. most of which
were purchases There soma selling Of Mis-
souri,. Kansas & Texas 'for foreign account In
London the general market steady, copper
stocks being strong features Money in mod
crate demand. but there change IN dis
count rates. The Bank OF England secured all the
gold Offering IN the open market a reduction In
the bank rate "a not expected this week
STEEL PRICES.-That the steel manufacturing
plants do not contemplate any radical changes in
quotations is evident from the fact that finished
steel prices with but one or two exceptions have
varied since the first OF the year. In tho mat
OF these base products. however there has been
Il slight reduction. For example, BesSemer iron is
% cents lower than on January l. and forging bill
let's are about 30 cents a below what they were
early in the year. Bessemer billets unchanged
No foundry iron. Cincinnati, is stiu quoted 500
n ton. Regular quotations for steel rails Sheets
tin plate beams. angles. wire and plates have not
been changed in price since January 1. notwith-
standing a pronounced increase IN specifications
IRON SITUATION.-Rogers, Brown * Co have
received the following from their Cleveland office:
This market is experiencing n natural IulI after
the heavy buying during January. Those foundry
men that wished TO BUY Tor future delivery have
covered, ana tnose that decided 70 postpone pur-
chases will probably wait for while before con
mage on their books for delivery throuehout the
year to be willing to wait for the situation to ad-
market is quiet but firm The foundrymen are try
ing to keep shipments coming on contracts placed
some time ago and occasionally they have to bIv
spot shipment fuel. account of heavier melt or
delayed deliveries.
MINING NOTES-It IS announced that the sub
scriptions already received for the Offering OF
stock of the North Butte Extension Copper Minina,
Company have been so heavy that it will be neces-
sary close the subscription books to-day instead
Of Saturday, first Intended II is stated
that the stock issue has already been three times
oversubHcribed. j. \. McCaskelI. manager Of the
Colonial Silver Mines announced yesterday that
he had just struck in the north tunnel Of the
mines a rch vein Of silver, the presence OF which
was not suspected. This makes two veins which
this tunnel has cut in the last two weeks They
are cut at distance OF $50 feet from the surface
Batoplas Mexico. to the BatopiIas company In
this city, says that the yield for TIE weeks OF Feb
rUary and 16 81 900 ounces. coming urinci-
pally from San Antonio.
PIG IRON CERTIFICATES-P iron certia-
Gates at the New York Produce Exchange we're
unchanged. There We're no sales. Prices for stand
ard foundry follow: Cash sol lid; February sol 80
bid; March. 81 70 bid April S21 75q$22; May S91 80
asked; June, 81 80 asked: July. SCI 80 asked; Octo-
Der, sl9Gs2O
AMERICAN Steel. FOUNDRIFS-It is under-
stood that the business of the American Steel Foun
dries Company has been profitable for more than
year past that the directors have informally dis
cussed the question of paying part or all of back
dividends due on the preferred stock. The amount
overdue is about 16la per cent
PETITION FOR EXTRA HOLIDAY-A petitIon
was circulated on the floor OF the Stock Exchange
yesterday for the closing OF the exchange ON the
Saturday following Washington's Birthday
GENERAL CHEMICAL.-At a meeting OF m.
oensrai Chemical Company The ocass OF chairman