New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-16
TOPICS OF THE STREET.

FOREIGN
1900 shares IN the local market In London the
general market was dull and moderately firm.
Money was in good demand, but there was no
change in money rates. A large amount OF gold
was Withdrawn from the Bank Of England Tor the
account OF South America
MANHATTAN5 GUARANTEE.-Ths detailed
statement OF the marlborough Rapid Transit Com
pany for the quarter ended December 81 gives strk-
ing evidence OF the strength OF the security around
the per cent guaranteed dividend OF the Man
haitian Railway Company. In the quarter referred
20 the Manhattan railway itself earned, in excess
interest and taxes income equal to "a per cent
tho total outstanding stock. whereas the divl-
dend requirements call for only IA per cent. Tho
quarters earnings are at the rate OF 10 per cent
year The combined earnings, after charges OF
the elevated and subway divisions. Tor the quar-
ter amount TO S2221.S1 or moro than double the
amount required for tho quarters proportion Of
the Manhattan guaranteed dividend. The exact
percentage earned by the combined divisions on
Manhattan railway stock IS 40 per cent.
POSITION OF COPPER.-Reports recently cir
cuated to the effect that the large copper pro-
ducers were accommodating stocks in order to main
tain prices high level were followed by a thor
ouEh investigation Of the situation by certain large
consumers in order to ascertain whether or not
they paving prices artifcially created. A rep
resentativs OF one large electric company, who
won't deeply into the matter. says that. he found
practically no stocks on hand. That producers
realize they viii experience difficulty in satisfy
ing legitimate demands Is evident from the manner
IN which they scrUtlnz!ng orders. Speculative
orders running up into the millions OF pounds have
been declined and sales are limited entirely 10 the
actual needs Of consumers.
DIVIDENDS observation-disclosures OF the
Greene Gold Silver Company have declared a dvi-
dend OF per cent the preferred stock. payable
February q. Directors OF the American Express
Company have declared tho regular quarterly dIvi-
dend of So a share, payable April L. Directors OF
the Sloss Sheffield Steel and Iron Company have de-
clared dividend Of Ia per cent. payable March l
The directors have made the dividend payable
quarterly instead OF semI-anuually. Directors OF
the Eastman Kodak Company have declared the
regular quarterly dividends Of II per on the
preferred and p. per cent on the common. payable
April /. Directors OF the North Butte Mining COM
pauy have declared quarterly dividend OF 81 a
share. The Bank OF British North America has in
creased its dividend rate from 10 per cent
GRAIN EXPORTS FOR THE WEEK.-"Brad-
streets reports the exports or grain for the week.
with comparisons. figures in bushels. as follows:
Wheat flour included 2.5OO.13s against. 3,SIs.sSO
las. week. 2991 642 in this week last year, 536 $50
In 1905 and 3l75.4S1 In 1902 for the fiscal year 10
date. 115.SS3,6l4 compared with S9.92112 IN 1905
O6 415S6.45S in 1s04o5 and 15i,5S5.669 IN lsOI-02
Corn 1.99572O. against 2i07. OS9 last week. 4163S53
in this week and 2.SS2. 80 In 1905: for
the fiscal year TO date 37,63i511. contrasted with
76252.64s in 19O5-'06 and SIS. s74 ST. In 10000
MOVEMENT OF MONDY.-RepOrted movements
OF money in the week show a loss in the cash held
by tho banks OF S4770o. They received from the
interior $5219.000 and the interior S532S 700
On Sub-Treasury operations there was a loss OF
SlS52,0o0. but this loss and that the interior
movement were offset by receipts Of new gold 10
extent that left only the small net loss as noted
Observation-Disclosures SAFE COMPANY
REPORT-The Herring TTalI-Marvin Safe Com
panys annual report for the year ended December
81. 1885, shows actual net profits. before charging
of depreciation. of A02G4& y special reserve fund
OF S1L0)O against possible uncoleotab!e accounts
in San Francisco has been appropriated SCI 665 has
been SGT aside for depreciation and the sum OF
$ls.159 was charged TO expense upon maintenance
II being tho policy of the company to keen the
property In first class condition There IA no
mortgage or lien OF any character upon tho com
pary's property.
MISSOURI PACIFIC RUMORs-In tina abs.,cD
OF definite information regarding the coupnnv,.s
affairs that would explain the recent sharn decIirs
In Missouri Pacific stock there has been an abun-
dance of rumors. Il reported yesterday that
most Of the recent selling had been for the ac
count of the Russell Sage estate 1t was saId ON
high authority that there was no foundation IN
fact for this rumor.
PIG. IRON CERTIFICATES iron certi6-
Gates at the New York Produce Exchange were
duh and about steady. There were no sales
Prices for standard foundry follow: Cash sol biA.
February S21 80 bd March, 81 20 bid April 81 751e
S22 May. 81 30 asked; June. 81 50 asked; July.
81 30 asked; October. S1SdS2O
GREENE CONSOLIDATED DIVIDEND The
new directorate OF the Greene Consolidated Conner
Company has declared dividend of 4 per cent o.,
the companys stock. Five dividends of 1 per cant
each were paid last year. The dividend declared
yesterday was designated simply as dividend No 21
HEINZB ON INPERBORO BANK BOARD-Ar
thur p. Heinze has been elected a director OF thA
Interboro Bank in which the Heinzes obtained a
stock interest before the annual meeting in Janu-
airy. Stanley Clifford represented the Heinze in.
terests director at that time.
STANDARD OIL NEUTRALITY-SUSPICIOUS. OIL Al
reotors have declared quarterly dividend OF SIS
a share, which compares with the same amount In