New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-06
TOPICS OF THE STREET.

$1,000 shares in the local market chiefly IN the
Hartman stocks. In London the general market
steady and the copper shares were strong
The money market was quiet with an easier tons
open market discount rates declining fractionally
Paris exchange on London was strong.
MARKET GOSSIP.-Floor traders say that Ana
conda rallies better than AmaIgamated. There
has been some foreign buying OF the copper
shares Influenced by the strength in Rio Tintos
IN London. where copper trade conditions appear
10 make more bulls on the copper stocks than
they do here II is understood that heavy short
line OF United States Steel covered on Mon
day below ~ There IS a good inquiry IN London
for calls the stock c. B Mcdonald and A A
Housman were active buyers Of ST. Paul in yes
terdAy's market Standard OIL houses appear to
believe that with the adjournment OF Congress-
the general list OF prices will improve.
ACTIVITY IN COBALT CONTRADICTORY
Central was the feature OF the curb dealings yes
terday the stock advancing from Il to S. closing
&c bid and IS asked The activity in the shares
accompanied by large buying orders from
local and Canadian sources. based on the
nouncement OF sensational strikes at the mines OF
the company and the official report that the
drst carload OF ore. recently sent TO Waverly
". j.. showed results running 1900 OF
silver TO the ton This is considered an excep-
tionaly good showing, and It IS likely 20 create
further activity in tho stock
MOVEMENT OF MONEY.-InternationaI bank
ing houses yesterday We're advised OF any I'm
ports OF gold from London in addition TO the
1000 900 to 81 700 variously reported as having
been secured for New York. This gold although
IL viii arrive too late to figure IN next Saturdays
bank statement, will be timely the banks
IS usual about this time continue 10 lose on Sub
Treasury operations. They lost on Monday Ss07-
90 and since Friday lost S. SOC 90, conpared with
a loss IN the same time week ago OF s. O29 90
The Sub-Treasury a debtor at the Clearing
House yesterday for .s9S The banks in this
week last gained 1901 500 net from the interior
UNITED STATES RUBBER-There will be a
meeting Of the executive COMMITTEES OF the United
States Rubber Company tomorrow when the
question OF hqudating the Rubber Goods Manu-
featuring Company again will be taken up. 1t Is
thought that some plan Will be announced before
the close Of the current month.
DIVIDENDS BEGIN ON MKINIEY-DAR-
RAGH-Dividends have been begun on Mckinley
Darragh-savage stock at the rate OF "a per cent a
year. The dividend will be paid per cent a
month. beginning March / Books close for the
dividend on February q. and will remain closed
three days. The company has been developing its
property with shafts and cuts without regard
10 earnings. The development has been paid for
out Of ore taken from the routine workings and
the surplus on which dividends begun has been
accumulated without doing any stOping
REPUBLIC IRON AND STEEL-The directors
OF the Republic Iron and Steel Company have de-
clared the regular quarterly dividend Of Is per cent
on the preferred stock and per cent on back div-
dends. orders the books OF the company rep
resent about six months steady business.
PRODUCE EXCHANGE VOTE ON SECURITY
TRADING-The vote OF the members on the Ques-
ton OF trading In securities on tho Produce Ex-
change has been officially announced as follows:
In favor. LIS; against. los: indefinite Is: total
L6lO.
ODD LOTS TO BE PRINTED ON EXCHANGE
TAPE.-The COMMITTEES CT arranSements OF the
Stock Exchange has ordered that odd lots be print
ed on the tape. beginning once. Printing of odd
lots was suspended more than year ago. owing
10 the heavy dealings on the exchange, and the
action of the COMMITTEES in having them printed
don los Ind .afzG holt.
period OF dulncss in speculation has begun
PIG IRON CERTIFICATES-Pig iron certificates
at the New York Produce Exchange were duh and
unchanged. There were no sales. Prices for
standard foundry follow: February. So 50 bid;
March. S220S2a; April 81 5oa$22 90; May S2lQs2a:
June. July and October, So asked
QUINCY DIVIDEND INCREASED Directors
Of the Quincy Mining Company have declared a
quarterly dividend of 81 80 a share, compared with
81 80 at the last preceding dividend period.
UTAH COPPER STOCK INCREASE-Ths
directors OF the Utah Copper Company have au-
thorzed an issue of $1,000 additional shares. with
rights TO the stockholders TO subscribe at sos a
share. Application has been made TO list the stock
of the company the Stock Exchange
FEDERAL SUGAR-The stock of the Federal
Sugar Company was dealt in the Stock Elk
change for the first time yesterday
FAILURES IN Observation-Disclosures failures
in the United States dur lg the month of January
according 10 statistics compiled by r. G.. Dun &
Co, numbered 1855 and involved $lS 62SI26 of de-
fauItcd AaD'Iues In The eorr spending month last
year there were l,u2 failures AMI the Indebtedness
was Su.952 100. There also Sine increase over
the failures two years ago. but much Improvement
is shown in comparison with 1901 and the whole
the tnsolvencIes last month were about normal for
a time of the year when settlements usually
eliminate weak concerns Manufacturing failures
were 265 against 800 last year. with liabilities OF
S6O64564 compared with S. i25 03S. This class sup
piled the increase in amount of Indebtedness over
last years figures. Trading failures numbered
1868, with liabilities of S67995l7 against $50 failures
last year, when the amount involved 1855 SS4.
There 80 other commercial failures against 80
last year. and the amount involved $40. O45,
against $3.50 0SS. Noteworthy Improvement appears
in the amount Of defauted Indebtedness in this
ton, which embraces brokerage. real estate insur-
and similar occupations. Banking failures
three in number and $l1S.OOO IN amount,
against failures last year S4I094 Consider
Ing the pace at which business was progressing
during 1906 and the extremely high money market
that often nterfered with a prompt increase in
available capital II would not have occasioned sur
prise II much larger increase had appeared in
-foFa last mon