New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-09
TOPICS OF THE STREET.

FOREIGN TRADING.-ForeIgn houses dealt In
1900 shares IN the local market. mostly sales In
London cOnsols were steady and the general mar
ket was quiet. without striking change. The Paris
Bourse closed weak. selling being due TO the pro-
posed income tax legislation. Money rates were
unchanged in the foreign capitals. Gold to the
amount OF 100000 win arrive in London from
South Africa Monday. and it is expected that
10000 VIII be withdrawn from the Bank of Eng
land to-day for South American account.
TO RETIRE UNITED COPPER PREFERRED.
Arthur =, Henze has issued circular to the pre-
ferred stockholders OF the United Copper Company,
giving them the privilege OF receiving for each
snare OF their preferred stock and oue-quarter
shares OF United Copper common stock. together
with q bonus OF per cent IN case tho proposal IS
accepted by February IS. The circular says that
the stock Will be delivered May I 1897 and pre-
ferred shareholders requested 10 deposit their
stock with the Empire Trust Company OF New
York under the offer and receive negotiable re-
ceipts therefor. The offer may be accepted within
thirty days from February 5. but must be accepted
prior to February IS in order TO secure the per
cent bonus.
GRAIN EXPORTS FOR THE WEEK-'Brad-
streets reports the exports OF grain Tor the week.
with comparisons figures IN bushels, follows:
Wheat hour included. 9,3lss5o. against 2.lU22l6
last week 3.2f $50 In this weel last year. 9s7715
In 1893 and Soo457 I'm 1902 fiscal year date ll3-
SS3 As. compared with So s6s ass I'm 1866 4Io9glS
IN ls1,6 and 11,4l018S In l90l-'d2 Corn. o4Ul ESQ.
contrasted with 2l5767i last week. $500 600 In this
week year ago and rs 456 N 1906: for the fiscal
year dute $50 Tg7. against 72OSS 1s0j- Uj
and s. .loI In lg0t-'05
DROP IN FOREIGN IRON-Forelgn iron suf-
fered another drop or l shilling a ton yesterday.
decline OF IS. Cd since tho downward move
ment began. Tho decline has been due 10 the
suspension OF buying on this side. Several months
ago. when the demand 1or ircn in this country
was brisk and spot material scarce. there was
considerable buying Of foreign iron IN order TO
relieve the situation. over tho last several weeks
deliveries have been better. and the demand for
foreign iron has fallen off In consequence Most
OF the foreign iron purchased abroad has been
sold at top prices.
sEABOARD AIR LINE BONDS SOLD The
stockholders OF the Seaboard Air Line Railway
took the greater part OF tho $J.30o.O0O per cent
thirty year general mortgage and collateral trust
bonds recently offered TO them at 80 and ac-
crued interest to the extent Of IL per cent OF their
holdings II Is understood that such portion OF the
issue not subscribed for under this offer
will DO taken by leading interests connected with
the property. These bonds part Of an author
lied issue OF $4,000 600. ana the proceeds viii be
used for HquidatIng certain floating Indebtedness
which natures in the near future and for provid-
ing funds for Improvement purposes.
DOUGLAS COPPER REPORT.-The annual re-
port OF the Douglas Copper Company says that the
new line OF the Cananea, Yaqu River & Pacific
Railroad IS now within fifty miles OF the companvs
mines. This railroad Is being constructed by the
Southern Pacific. and will ultimately place the
n&ues within easy reach OF their market TINS rs
ducng the cost OF shipment The report states
that 217.755 tons OF are blocked out in the
Anita mines ana 100000 tons on the TrIco claim
BANKS LOSE CASIL-In tho current week tina
local banks have lost IN cash holdings on the
known movement OF money $t6746O0 They re-
ceived from the interior s. O69SOO and sent TO thu
interior &,562s0O including $25l9OOO national bank
notes sent 10 Washington for redemption The
total loss to the interior S4S36OO ana TO the
Sub-Treasury $SS6hS00. There was a gain on new
gold of Sl63, 800 Receipts from the interior were
smaller than In any preceding week this year
PIG IRON CERTlFICA TESS.-Pig iron certIhrs res
at the New York Produce Exchange yesterday were
dull and featureless Prices were unchanged
There sales. Quotations for standard fnun.
dry follow: February. SO 90 bid; March. Ss2aSss.
April s2Gs22 6o May. s2IQs22: June July ana Octo
bsr. 500 asked
COFFEE EXCHANGE HOIIDAY-The New Eorl. |
Coffee Exchange will be closed on Monday ana
Tuesday. February IL and II The extra holiday
was voted by the members yesterday
TENNESSEE COAL. AND IRON-It IA ast, |
mated that the Tennessee Coal and Iron Company.
Will spend between S30OOO and $1,000 600 this wear
ON extensions
DETROIT UNITED NOTES.-A large proporttor |
or the &ONOO three-year per cent notes recently
sold to bankers by the Detroit United Railway
Company have been placed with investors
BUTTE EXEMPTION COPPER.-The subscr,n- |
tons fo< the Butte Exemption Copper stock have |
been heavy and the books will close at 3 o'cIoo-
so-day.
CALUMET AND ARIZONA DIVIDEND IN |
cfEAsDp-rhs calumst and Arizona Mininx |
A.as-.