New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-03-06
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses dealt in
% 90 shares in the local market. selling 5000 In
London the general market was heavy Russian
bonds were weak. and all issues in which Paris Is
interested including Rio Tinto. sold of substan-
TALLY. The London market felt the influence Of
the weakness IN the American market. and. ac-
cordins 10 cable dispatches. considerable appre-
hension was felt abroad over the position Of our
market There appears to be no chance Of re-
duction in the bank rate this week.
MARKET GOSSIP-Morgan brokers were re-
ported buyers OF the Hill stocks Charles G Gates
& Co were heavy sellers OF the general list es-
peciaIIy Of Southern Pacific A. o. Brown & Co.
who bought 3 600 shares. and c. I. Hudson & Co.
who were also large buyers. were responsible for
the marked strength in Reading shown in the last
hour. Pennsylvania in particular benefited by SYM
pathy First National Bank interests were cred
tied with support in this group. Western houses
sold throughout the day. on the decline H. Con-
tent and ". b Oliver were active buyers OF Atch-
inson Efforts break the Canadian Pacific
pool were not effective. The report that Union Pa
cihc interests We're selling the Hi stocks was de-
MED II Is generally believed that Atchinsons divi-
dend on the common stock viii not be increased
MINING COMPANY CHANGES CONTROL
The CioIdheId Daisy Mining Company has been
turned over 20 the new interests that recently
president and has been succeeded by William Bay
". Of Los Angeles ". z. Mitchell has been elect
ed vice-president. and William NJ Hoagland. OF
the Nevada Copper Company. has been made sec
F Is Trustin g. r. Woodin A J Seligman and
Frank Horton compose the board OF directors
The Goldheld Daisy has capital OF N.51ooo. in
shares % 81 par. There Sc5500 shares in tire
treasury besides cash enough to pa for all opera
lions OF the company until the mine Is 81 producer
HAVANA TOBACCO'S DEFICIT.-At the annual
meeting Of the stockholders of the Havana Tobacco
Company held in Jersey City yesterday. the
firing board OF directors reelected. The
mort for the year ended December 81 last follows;
~ gDOI,Ifro~
1906 and after deducting charges and expenses OF
the management S12ss94 interest paid on per cent
gold bonds. S3750CO leaving the company To secure
from other sources in order 70 meet its fixed
charges S2i6.OO6 There has been no change during
the year the capital stock and bonds OF the
pany
MECHANICS AND TRADERS BANK.-At
meeting of the Mechanics and Traders Bank it
was voted after changing the par value OF the
shares from So 10 500 a share. 20 increase the
capital stock from 100000 100000 1t also was
voted 10 increase the number Of directors from 10
to IS James n Brown and Joseph Michaels were
elected directors TO I'LL vacancies
NO LEHIGH VALLEY NOTE,S.-E. B Thomas.
president OF the Lehigh Valley Railroad Company.
saws that the company does not intend 70 issue
notes or securities of any KIND. as the resources
are SUFFICIENT TO take of the necessities OF the
company for an indefinite period
THE IRON MARKET.-While large sales OF
iron for FUTURE delivery are reported. producers
About 5000 tons OF foundry iron calling for de
livery in the second quarter OF the year
been sold in the local market at S2i Sales OF
spot iron have been made at SIS ton. Consumers
do not appear willing TO buy Tor delivery I'm the
last half of the year.
BIG RAILROAD Observation-Disclosures report
ing earnings for the last week in February shows as
a rule large gains over the week year ago
Canadian Pacific shows an increase of $1,000 Den
yer & Rio Grande an increase of ST. 800. Missouri
Pacific and increase Of S6s 6S5. Texas & Pacific an
increase Of SS4sO7 Buffalo. Rochester & Pittsburg
an increase of $l4.4l3 and Western Maryland an
crease of $l52S1.
PIG IRON CERTIFICATES.-PiG iron certificates
at the New York Produce Exchange dull and
unchanged. There were no sales. Prices for stand
ard foundry follow Cash. March and April % 90
bid: May so bid: June. 22OO asked; July. q -
asked: October. 21 80 asked.
PRODUCE EXCHANGE AND STOCK TRADING
Members of the Produce Exchange will meet to-
morrow at o'clock TO consider the plan to trade
in mining and other shares II is expected that at
this meeting rules and regulations governing such
operations will be adopted.
COFFEE EXCHANGE NEUTRALITY-SUSPICIOUS. OF
the Coffee Exchange have petitioned the board OF
managers TO close the exchange Good Friday
March o. and ON Saturday. March 80,
CHICAGO, ROCK ISLAND & PACIFIC DIVT-
DEND.-The directors Of the Chicago. Rock Island
& Pacific Railway have declared dividend OF 1tS
per cent the capital stock. payable April l.
GRANNY MINING DIVIDEND.-The directors OF
the CRANKY Consolidated Mining COMPANY have de-
clared a regular quarterly dividend Of . per cen,
and extra dividend OF per cent. payable March
80.