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

FOR F,TC;N TkADING-Foreign houses dealt IN
so 600 shares in local market. all purchases In
London consols were steady and the general mar
ket was firm especially the copper shares Money
was in good demand. but there was no change IN
discount rates IN London or at the Continental
centres The Bank OF England secured consid-
cradle amount OF gold in the open market and
an active inquiry for New York account was re-
ported
COPPER MARKET sTRONG.-walkers Copper
letter says:
Copper strong and gnsha4get IN PTSSsss d Lake
Tar Tn6d Tor 5eveTv as far ahead as June Spot
copper be sold readily at p cents 10 Z5es cents.
sumeTs are demanding prompt deliveries on al
contracts and the product OF the SUITE LAKE F SI
ward by fast freight. some Of II going into cars
there IS not average OF over one or two days
production Of copper at the various smelling plants
copper in this country and no effort is being made
6y ,5 amy q reIfs per pound II Is mpro6ab that
any one could be found who is sufficiently short
copper is ever cornered again II will be when the
selling price IS very much lower taan II Is az Jne
Inent is increasing steadily IN all quarters of tho
trical traction. Waterpowers are being harnessed.
and local manufacturing plants are eonyer{ng
hardly a steam railroad in the country that is not
giving more less attention to the question OF
electrical equipment. One OF the leading copper
that copper will go TO IS cents a pound II s
known that others expect to the metal sell
above so cents The consensus Of opinion however
Is that the average price throughout the present
years may elapse before the price goes back for
any 5ensrh T MEAS 20 bgocon and ms %
ton OF things is likely TO continue for ten years 10
come.
COBALT CENTRAL MINES-The manager OF
the Cobalt Central Mines Company telegrzIphs
Thomas Nevins & Son that he has just shipped
the FIRST carload OF ore from the Big Pete vein to
the Ricketts, & Banks testing plant at WaverIy
y. J. This will be treated by the same process
that the company IS going TO use in its concen-
tratng MILL now being constructed by the Tray
lor Engineering Company. which will be in opera
ton by May l. Shipments Will go forward there
after regularly on the LIST and 10th OF each month
TO Ricketts, & Banks until the concentrating plant
is ready TO handle the at the mines Ricketts,
Banks will act selling agents for the com
pany In this interval, they have the facilities
at their works for crushing and sampling the ore
and therefore have perfect check on the pur-
chasers.
GRAIN EXPORTS FOR THE WEEK.-"Rrad-
streets reports the exports OF grain for the week
with comparisons. figures in bushels. as foIowsi
Wheat -four included 2lO2.216 against sS2S 255 last
week. SCOOPS In this week last year. 95 sos in 1876
and S,7O2S6S In 1902: for the year To date 10
In 1sOiO5 and 1864 1871 in l9Ol-'O2 Corn Ply 81
contrasted with 204SSS last week $3.50 $50 I'm this
week year ago and 5SO25Oa in 1896: for the fiscal
year TO date IS 229 7OS against IS az Ga IN 1a5 %,
and SS.O43.645 in 5000
BANKS LOSE CASH-The known roo,,a,,o,-
Of currency this week indicate a loss in cash held
by the banks OF H.S4OSOO. They received from thu
interior %SsSO and sent to the interior S. sol 7O0
including 100000 transferred to New Orleans
through the Sub-Treasury and 81 $4,000 national
banknotes sent to Washington for REDEMPTION
me gain on new gold was 81 no. 800. and the loss
on Sub-Treasury operations proper $4259 800 The
net gain from the interior was smaller than IN
any preceding week this year. and smaller than IN
any corresponding week In the last four years
THE FINANCIAL DIARY."-A useful financial
reference book, called THE Financial DIARY" has
Just been published by the National Press Inteui-
gence Company. OF this city 1t is designed To h.
a book of reference Tor bankers brokers' investors
students OF financial history and all who are in
terested In the affairs of the financial world
Among other interesting features 1t contains the
time OF meeting OF directors for declaration OF divt-
bends. closing OF books. payment OF dividends and
annual reports OF corporations
STRICKEN FROM THE LIST.-The following
securities have been stricken from the Stock Fyx-
change list: Atchison debenture mortgage 4 per
cent bonds. series u: Des Moines & Minneapolis
Railway first per cent bonds of 1907; Milwaukee,
Lake Shore & Western convertible debent,lra
bonds or 1907; Mexican Central collateral trust ~
per cent bonds OF 1901 and Burlington SOS 900 Dem
yer division per cent bonds OF 1922.
ADMITTED TO OBSERVATION-DISCLOSURES Pacific
Railway subscription receipts for new stock first
instalment paid. have been admitted to quotation
in the unlisted department of the Stock Exchange
transactions VIII be upon the percentage the par
value or the new stock. the buyer on paying for
the receipts deduct 90 per cent to cover the nm
paid instalment
PIG IRON CERTIFICATES Pig iron certih-
Gates at the New York Produce Exchange TODAY
We're duh ana barely steady. There We're no sales