New-York tribune., 1907-08-07
TOPICS OF THE STREET.

u-OpEIC.N TRADING-FOTeign houses bought
.+ocke in the local market in the early dealngs
b.. e1,bsenuentlv turned sellers. Operations proba-
bIv- amounted five thousand shares bought on
balance In London the general market was IN
Ivora weak on selling orders from New York In
t,aris Drices were down Discounts were strong
and the money market in general was higher. The
financial position abroad Is causing considerable
uneasiness the foreign capitals. ana the renewed
demand in the American market 1or gold is not
liked
Ep1C.t1 SELLING sTOCKS?-A Pittsburg re-
mort saws that much Of the selling OF stocks in
the New York market recently mas oeen for ths
accoI,n1 Of II C. Frfck- IL is recalled that Mr.
I7ricl ra-urned from Europe suddenly. and since
his return the stock market has been subjected 70
a great deal Of lquidatIon- eSpeclany ~ IN tne Sc
terested. A large line of AmaIgamated Copper 10
known to have been closed out yesterday, and Il Is
credited 10 the PittSburg hnancler Ihere vas
ooo5 selling of steel common yesterday and Read
ine was under considerable pressure Both ot
tbeee securities have always been held in large
ts oiIso h. n q. Prick There is excellent rea-
SON for believing that Mr. Frick $ holdings ot
stocks have greatly reduced since MS return.
according 10 Smoky City gossip
~TPISsINCf DIVIDENDS--The weakness OF the
,rrL of the Nipissing Mines Company is attributed
n, variety Of causes, CHIEF among which
r,roors that the dividend VIII De passed or eut.
- or,,r4 20 these assertions. which have eranatef
entirely from unofficial sources President Ellis P.
tLa conci11sfon is based that Nipissings dividend
will be reduced is beyond me- The dividend will
NOT he pavabIe until October. and the directors
have Or considered 4
even informally Personally. can see no reason
vhv the per cent dividend should not be man-
tanned Both physically ana nnanciailS ENlpissiHS
IL in the best shape since IT'S inceptloh Inc state
r,ent submitted on July - shovel cash amounting
IN ssg5 22s ore in transit and at the sneers SSss,
and ore sacked at the mine and ready for ship
90. anu AZ ofo since then regular and arge ship
rnents have been made. and the last item is now
well over s1Go@o
AMALGAMATED COPPER.-B. F Thayer. a.
sistant 10 m n Rogers. has completed his SEMI
annual examination Of the AmalgaHared properties
anl has gone to Utah. He says that the mines
constantly showing up better and tnat the IN
,r,.oroente of tbe last twelve months greater
than in any period Of the mines history and tina:
eveIoprnents have been generally SATISFACTORY.
-Tt,a yVashOe su1eIter IS treating record quantity
81 ore but this does not signify an increased coz
PEI production. greater quantres OF 10" sras
ore than formerly are being trea,eo e.eiy WEE yWns-
Mr. Thayer says that 1871 Will not snow any h
crease in copper output over last year Il u e4las
it. Neither will the United StateS as WnoA
show any increase He states thaI 'ie l's- s-Liols
question confronting the mining companies OF Bu'ts
Is that OF fuel and it seems as II shortage OF ful
the coming winter cannot be avoided
COLD FOR HOLIAAND.-The second ensagsmsut
of paId for Holland account this season was made
YESTERDAY by HeideIbach. Ickelhein1er & Co. that
firm taking S50no0G in gold coin The price %
griI1ers in the exchange market made me engage
r7Ant possible. but arrangements for the shipment
! were made several days ago when exchange wa
ruling = higher than yesterdays quotation The
ed,-a1os IN r1l4ers in the last week Is equivalent
/ 10 an advance OF about .1s5 points IN sterling
| WATERBURY, COMPANY-s HALF YEAR.-Ths
| Waterbury Company reports for The SIX months
ended June 90 last follows: Gross earnings.
a 9os s04 cost Of raw material operating expenses.
I taxes etc 81 0S436S. manufacturing proht- S--5-
s3S: general expenses and depreciation SI9'e59'
net earnings S123.9o1. The foregoing net earnings
we're distributed as follows Written OF for de-
probation S30o dividends paid S9S,2fN' carried
/ 10 surplus account. S3o.361, total Sl23sol
! FRAZIr.S COFFEE LOAN-The rumored fall
,,ra OF European bankers take TIE loan " SIS
oao 900 on account Of the coffee holdings cf Brazil
ian states refer. if true. 70 negotiations which
T =
R0thschiIds wer- said be Interested with view
TO coffee purchases and putting the entire issue *
/ coffee loans in position 70 remove any DOUBT as
/ 10 the future policy Should tAe rlEaor prove %
! be we'll founded it is known that the position oc
the Br1ziIiau treasury is such as 70 enable % 90
its own financing without the aid " foreign PACK
/ ers.
( MONEY MARKET CONDITIONS High rates
for time money have. IL is understood. attracted
considerable foreign capital 10 the ear-l. '+-l -
market. but foreign offerings are nov eSpe-Ne'4 -
| bring about a material change in quotations for
funds High money IS expected in the greater parr
OF the balance OF the year. unless business reacts
10 material extent Interior centres reDcrr sCir
demand for money and tie largest business n rer-
| camille paper that has been done tr weeks East
| ern paper IS in large volume Local banks have
| gained on their operations with the Suo-TreaSlry
| so far in the current week Sl-55S'fs
| NEW YORK CITY BONDS-ZImre-ran < Fer
sIay. who inviting subscriptions 20 the t9rtA-
| coming issue ~ SlS 0a0HO CITY Cf New York per
| c-nt tax exempt gold bonds due 1857, and &.'pe'9
due 1917 state that subscriptions are being rece'e
! from quite number OF people. but only FOR sTlaI
| amounts Injuries and correspondence from Other
parties are numerous There IS general tentiecy
to delay purchase until the day Cf sale August -
| DIyTDrNDs Observation-Disclosures have been
| declared as follows Mines Company OF America
regular monthly per cent. payable on August -
siIyersrlftls' Company. regular quarterly IN Per
| cerr Dsz-tnIa on August Is. Mexico Consolidated
! Mining and Smelling regular quarterly ~ cen-S.
uavable on August - Virginia Iron. Coal ard COKE
| . per cent in stock at par and Iuca q b-i-A
| River s-1ri-an1,.aI S-a PEI cent payable on Sep
tenIter 81
/ BATOPILAS PROGRESS-Al@Nander K Scs2-
| herd IT. assistant generaI manager or the 6a-
topt las Mining Company telegraphs that TIE yea
for the week ended August was 2ot'" ounces o.
silver. principally from the San Antonio foot wa1l
vein on the MoreOseIeveI OF the San Miguel mine.
| WORKINGS in the CamuChin vein are reported as
| very prOmislnE