New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-12
TOPICS OF THE STREET.

FOREIGN TRADING Foreign houses dealt IN
5000 shares In the local market selling 1000 on
balance In London discounts were fractionalIy
higher. and the price OF bar gold was advanced II
or the gold offered in the London market. the
Bank Of England secured the greater part, the
advance in the price Of the metal checking the
American demand. The Kafir stocks lower
and the general market was weak on selling Incl
dent 10 the beginning OF the sortnghty settlement.
ANACONDA.-The Anaconda Mining Company
and the North Butte and Butte Coalition copper
companies have been considering the ACCESSIBILITY
OF putting their stock the basis Of 500 par value
a share but have thus far taken no action on the
matter II Is the wish Of the New York Stock Ex-
change that any mining stock that may be listed
that exchange should be placed 500 per
share basis. Mining Tler. however. are opposed 20
this in some cases. II would make the apparent
quotations. in the case ~ North Butte and
Anaconda. large to check trading in the
shares. In the OF the Anaconda stock. that
has already been traded in the board, il is not
considered likely that any change in the par value
will he made at this time As 20 the other
pany they waiting for the anal action OF the
board Of governors Of the exchange before coming
to a decision. II Anaconda quoted the
basis OF its par value its present selling price
would be about - the PAR value Of the shares
being SIS Based on the present selling price OF
copper. Anaconda is earning at the rate OF $4,000
ON year. and there is talk of increase in
the dividend. The compa ~ is now paying to stock
holders AT the rate of $4,000 year. jefferson NJ
Levy active in the advance IN Anaconda. both
In the London and local markets. yesterday.
PEOPLES GAS The annual report Of Peoples
Gas states that the company has secured an in
creased supply Of natural gas and substantial bene-
FITS in respect 10 it's future oil supply by guaran-
teeinE the outstanding bonds and stock OF the In
diana Natural Gas and OH Company aggregatlns
6oo0000 The report further 'ateS that in the in
vAstigation nv the Chicago city Council the board
OF directors a matter Of business prudence re-
duced the dividend from per cent 10 > per cent
This latter rate changed 10 per cent al the
last dividend meeting in January. The board states
that under normal conditions il believes the earn
inGs will Justify the continuance of this rate In
the upward of seventy four miles Of extensions
for the system were laid and the numbers Of
meters, stoves and lamps installed was largely in
creased.
BROKERS FAIL TO DELIVER BATOFILAS-
\ Stock Exchange house which It is said has
been endeavorng 10 de3ress the price OF Batopilas
Mining stock the curb defaulted yesterday in de-
liverinG the stock which il had sold 10 interests
connected with the property. The firm apparently
had no actual stock, else expected to secure 1t
before delivery. and in falling to deliver y an
noupced that there were no regular curb rules
1t could not be compelled. as on the Stock Fx-
change, to deliver at any stated time nor would n
AK date for delivery This action naturally ere
ated great deal of adverse comment on the curb
The market for Batopilas was active and strong
buying being based on encouraging news from the
mines
DIVIDENDS DECLARED.-The directors Of the
chicago Great western have declared the regular
semi-annual dividend of 2ia per cent on the pre-
ferred stock, payable April l. Directors of the
American Shelters Securities Company have de-
cared the regular quarterly dividend of ~ per cent
the preferred A stock and the regular quarterly
dividend OF Ia the peferred p both PAYABLE on
March 4. The executive committee OF the United
States Reduction and Refining Company has de-
clared the regular quarterly dividend ~ per cent
on the preferred stock, payable on April / The
Canadian Pacific Railway Company has declared
the regular Semi-a OF9
its preferred stock. and per cent on its common
stock. payable on April l. An extra dividend Of
ehaf of per from the interest on the sales
of land will be also paid on the common stock on
the same date.
FOREIGN CoPPER.-A prominent copper pro-
Queer who has just returned from abroad saws
that consumers in Europe are disturbed over the
copper situation and express the opinion that there