New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-20
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses dealt IN
1900 shares In the local market practically all
purchases. In London the general market was
heavy, the copper shares. with the exception OF
Rio Tfntos supplying the few firm features. Money
was In fair demand in the British capital Accord
ing 20 cable dispatches there IS n good deal OF
grumhllnE in London financial and trade circles
over the refusal OF the Bank OF England to reduce
its minimum rate OF discount In the face of strong
reserve.
PIG IRON CERTIFICATEs-Plg iron certia-
Gates at the New York Produce Exchange were
generally lower There was sale OF $50 tons OF
April at SCI 90 Prices for standard foundry follow:
Cash and February. 81 . bid: March 81 5O6Sa.
April 81 coo 81 co; May. So 5Ca32i 40 June so 7o
81; July, &o 70 asked; October s1gQS2O
INTERBOROUGH NOTES SOLD-WIuiam A
Read 4 Co and Lee. HiggInson Co. announce
that they have sold the entire issue OF so 600 900
Interborough Rapid Transit Company three-vear
per cent gold notes recently taken by them
FOR CONSOLIDATING TWO BANKS.-speciaI
meetings OF the stockholders OF the New York Ma
uonal Exchange Bank and the Irving National
Bank We're held yesterday. at which tho proposition
70 consolidate the institutions was ratified The
Irving National Bank Is TO 40 out OF existence and
It's business VIII become part Of that Of the Irving
National Exchange Bank which IS the name OF
the new consolidation The stockholders Of tho
irving National Exchange Bank also voted 10 in
crease the capital stock from 100000 70 100000
and authorized the issue Of 1000 additional shares
par value $loo each. at $50 a share
CANADIAN RAILROAD ACTIVITY According
10 a report by Consul r. y. GunsauIus OF Rirnou-
ski British North America had only hfty-dve miles
OF railroad I'm 1880 and in not less than % Oa
miles. with construction proceeding ut so rapid a
rate "a 10 warrant the belief that Canada is soon
70 be covered by complete network OF railroads
in all It's parts Last year fully 100000 was ex-
pended IN new roads. IN adding to old ones or
appropriated for roads 10 be built. Practically
every line in the country is adding to It's mileage
and 70 its general equipment. particularly rolling
stock
DIVIDENDS DECLARED.-The directors OF the
American Sugar Refining Company have declared
the regular quarterly dividends of ia per cent on
tho preferred and lal per the common. both
payable April > The usual quarterly dividend OF
! per cent has been declared by the Consolidated
Gas Company, payable on March 10.
EXCHANGE MEMBERS WANT HOLIDAY
Petitions were circulated the Produce Exchange
asking the board OF managers to make Saturday.
the day following Washington's Birthday a holt
day The stock Exchange governing committee
will this afternoon act on the petition presented
by the members asking for the closing of the Ex-
change Saturday
SIOSS-SHEFFIELD steel. & IRON COM
PANh.-!n changing the common dividend from
semi-8nnual 70 quarterly periods the SIoss-Shef-
field steel & Iron Company has issued the follow
Ing statement:
Common stockholders Of the Sloss-Sheffeld Stee!
n IRON Company at the close OF business ON
ftbruary ", 1870 at y. m, will receive. in add-
ton the quarterly dividend OF n, prr cent ~
amount eOII{,.oIspt -.
two months at the same rate. making tbe NET
amount to be paid on March $20S3 per share.