New-York tribune., 1907-12-21
TOPICS OF THE STREET

Is 600 shares in the local market selling 1ah y
In London consos were steady but the nin.
department turned weak after midday. The n.@
ing of the De Beers dividend was the feasura =
the London dispatches. and it was consder.a
reflection of bad times in the mining world as,,
was the first instance in the history OF the ,..s
in it's present form that dividends had been y,
pended Money in fair supply abroad 49,
London open market discount rates were on r
also Paris rates Paris exchange London -
weak and the same situation prevailed in BERN
The London market will be closed from Tue,s.
night next week until Friday morning. and 80
consequence the opening after the holiday viii ~
concident with the beginning OF the fortnRhflv
settlement. Money is therefore likely to be ~
active demand over the end of the year.
BANKS GAIN CASH--The reported move.ue,t,
of currency this week indicate gain in cash hesS
by the banks of s1,97o.4oo. all from gold irnocr,
which amounted 10 s5.7o2 100 The banks received
from the interior s3 736s00 and sent to the ntercr
IS 453 600 of which s3.45S,000 was transfsrr.a
through the Sub-Treasury, as follows: To New
Orleans. s3S3.000; to Chicago Sl.e4ZOo0; to St
Iouis s457 600: 10 San Francisco. s74S.00o: to Der
yer s1s5 600 and TO Philadelphia. $4,000. Th.
loss to the interior S4717,1oo Receipts Of new
gold were 81. 46s.3o0. namely, imported bars and
foreign, coin 4.609. 200; imported United States
coin 81 O93 500; on New York assay Office checks
81 757 100; on Seattle assay office checks. $500
ordinary disbursements by the Sub-Treasury ware
s25 9IS 200. Payments bv banks TO the Sub-Treas-
,,rv for customs internal revenue. per re-
demption fund, etc, were $2os9|ooo- Ihe loss on
Sub-Treasury operations proper was *''ssoo The
total loss to the interior tsfIlIl0ol and on Sub
Treasury operations proper (s77sSoo) was $685.
400 Deducting this from the gain by new gold Of
e. 4ss 200 the net gain is s1,910.4oo The net loss
- tb itorior is the smallest since October - ana
is little more than has been reported for the
responding week in q normal year
DIVIDENDS DECLARED.-DIvidendsh have been
declared as follows: Mutual Alliance Trust Com
80, raqrIar semi annual per cent, rayahs
January 2: National Fireproo1ng Company, per
cont payable January 10: West Side Bank, resu-
lar semi-annua1 per cent, payable January .;
NattonaI Butchers and Drovers' Bank. regular
eeni-ann,,al 3 per cent. payable January 2; Peo-
MOS Bank regular semi-annual per cent, pay.
able January 2; Washington water POWER Com
,,v reeuIar quarterly ia per cent payable Jaau-
ary 2: Mobile & Ohio. regular seml-annual 2lz per
cent payable December %; Havana Electric Rail-
vav regular quarterly IA per cent, payable Janu-
or,. x. G. White Company, regular quarterly
II. per cent on the preferred, payaole January z,
National Surety Company, regular quarterly . PEI
cent payable January 1; Long Island Loan and
Tr,1st company quarterly per cent, payable Janu
ary .: Securities Company, seIni-annuai "a per
cent payabIe January Is: De Long Hook and Eys
Company regular quarterly 2ls per cent, payable
Iarrarv .. German Exchange Bank, semi-annual
10 per cent payable January :; Gornam Aanu-
featuring Company. regular quarterly IA per cent
on the common and ia per cent on the preferred.
nsysb1a January 2; Bank of Commerce, regular
quarterly per cent. payable January p New York
Mortgage and Security Company quarterly "a pr
cent pavabla January 4: Mortgage Bond Company
of New York quarterly L per cent, payable De-
cember 81: Bronx Savings Bank. regular seminar
nuaI interest at rate of per cent a year
ADVANCE IN COPPER.-The Metal Exchange
eIertrovtic up 14c in the bid and Hc in the asked
at 1SdISsc: casting 4c in the bid and 1sc IN the
asked at 127.d121sc- The leading copper producefs
report business almost a standstiH with few in-
ouiries for the metal the part of the consumers
1t is said that the lake companies. nearly all Of
which are operating full. accommodating stocks
very rapidly as market can be found Tor all the
conner produced. Sales OF electrolytc were mads
on a basis of 13 cents a pound yesterday Tnere
an inquiry in the market for 100000 pounds
copper for shipment 70 China
on the deferred stock of the De Beers Consoh
dated Mines. Limited. the big South African dia-
mond syndicate. was passed yesterday. o"ins "
the unfavorabe outlook in the trade. the restr1c-
rion of purchases in America since the financial
disturbances and the dumping of large quantities
of stones on the market in recent months. tns
company deemed it necessary 10 strengthen It's re-
serves in order maintain prices The usual div-
dend Of 70 per cent on the preferred shares was
declared
GRAIN EXPORTS FOR THE wEEK--"Brad-
streets" reports the export of grain for the week
with comparisons. figures in bushels as follows
Wheat. flour included. 4.s61.122. against 61sssis
last week ? 2O3 S2i in this week last year and e.
S32.s32 in 1901 For the fiscal year to date l0'.,
721 755 compared with 91.173+e4 In 1eoS-o7 and
13sssS.76O in 1so1-'o2- Corn 1.os1.'9 contTss'ed
with 475s24 last week and 1.325.ss4 in 19os Fiscal
year TO date. 23.161.952. against 2217o4Sl in
19Os-'O7-
SEIGNTORAGE ON SILVER COINAGE-h
round figures the general stock Of money in the
United States is at the present time S314ooeooee
of which amount basis for $500 600 is silver
ON the silver purchased since 1873 the Segnlorase
on the coinage amounts to Si39 900 Within the
last year and half the seigniorags on the silver
purchased for subsidiary coinage amounts 70 over
Sl2 O1O. .00O. and that amount by a colncdence
the amount Of the Treasury's present working BAL
auce. The seigniorags silver is the dinerence
between the cost Of the bullion and the value Oh
the coin into which the silver is converted
GOLD INPORTS-HeideIbach ICkelhsiuer
Co have engaged an additional 100000 gold lor
import making S16.375. 900 by this firm and tota
Cf s101. $50. .0O0 the movement Gold anounlins
to S5O7. 900 withdrawn yesterday from tHo
Bank of England for shipment to the United states
while the metal TO the amount ot S2.150ouu arf'su
at this port by the steamship Mauretania
APPLICATION TO LIST--AppIcatiOn has oeeh
made to the Stock Exchange to list Sl.2lf"O ada
tionaI capital stock of the Western Union Tee
graph Company and sS.500.Ooo additional first mort
gage 4 per cent bonds of the Minneapolis, 81 fau1
and Sault Ste. Marie Railway Company
ADVANCE IN STOCK EXCHANGE SEATS
Charles Wood, formerly active In the outside MAJ
ket has bought a the New York stock ~
change for $500 The last preceding sale vas ~
$4,000.
SUB-TREASURY TRANSFERS--iThe local SUB
Treasury transferred yesterday for banks s2leo" "
San Francisco and $4,000 TO Chicago
RAILROAD EARNINGS LOWER--Railroaa
earnings. received for the second week IN Dcoe'n
Der. show for nineteen companies in the Unl'eu
States total loss gross of s56.sss and for fo0f
companies a gain Of S12.67T-