New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-28
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses dealt IN
ooeo shares in the local market. buying 800" In
London The general market vas strong, with espe-
rial strength in the copper shares The Hquiuatioh
49,, Paris in the mining department evidently has
r,,u its course Money was in fair demand Tor SET
tleneit purposes but there was no change IN rates
and no expectation Of q reduction in the bank rate
to-day. =
A meeting OF the members Of the New York Cotton
Exchange was held yesterday 10 consider an
amendment to Section % Of the bylaws eliminating
the grade Of strict low middling stained sub
stitute amendment was proposed by {. T. Rch'
who moved that the original amendment be re-
earred back 10 the board Of managers, with the
request that # bring down resolution eliminating
IN addition 10 the grade OF strict low middling
stained the grades Of low midding unged and
good ordinary white cotton MI Ken s resoIduoh
was carried by a large majority
AMERICAN BRASS COMPANY.-The capital
stock OF the American Brass Company has been
increased from Sl2 590,0O TO si5@Q.eg0 The ne"
stock viii participate IN the dividends of the COM
nan, r.svafe August J. 1901. There have been
siderable additions made to the various manufact-
,lring plants including those of competitors as
well as subsidiaries OF the American Brass Com
rany IN most Of the shops the men are working
relays.
KEW CANADIAN BOND ISSCES-N. ". Har-
ris 4 Co have purchased s1s5o,0o0 per cent bonds
Of the Dominion Power and TRANSMISSION com
panv Limited, of Hamilton, Ontario. This company
and controls the entire etSCtl4S hSH7 49,.
aud street and interurban railway business OF
TEsnj+or Ont and vicinity, the population served
being approximately $4,000. The water power
r1ant Of the company, located at St GATHERINGS IS
one Of the largest and most Nainapie ny
environments in America
UNITED STATES STEEL.-The employees OF TIE
United States steel Corporation II Is ailhoue'u'
have subscribed TO 5000 shares OF the preleri7u
stock Of the company ct lVZ a snare ms = ~
s ,r,,r, amount Of stock offered by the corpora
,to, for s,bscrption this year under the proht
sharing plan. More stock could have beeh solo
than offered as the offer was heaVhy o'e'suo-
scrbed ,,,- 80 .ho
44aII ei9ral Company have rejected the plans sub
,,fttea bv the directors, which Involved an
a.. a. cs,itaI Of the company from S2sVJ1VD 10
SO 90 eee and the merger OF the Oh coiIpdnS -
~, holding concern. The directors VIII submit
-. -,a, for fhe reorganization Of the company
LONDON PREDICTS BIG ADNANCb IN 'of
PFR-A London dispatch says 'he'S - e'O
su,tority for the statement that the pIlcS VI w
~ metal will advance sharply in the coming
- rrt, hears have been caught heavily short
- forv- delivery copper. and predictions are tia'
before AprI the price viii be raised at least ~
s-r-yv roNeOLIDATI-D EXCHANGE MEM
pEpsT r Wadsv.orth Of W. b. Wads-
worth Of No Wall street; A. i. McArdIe' VINO
has neen manager Of the Boston avenue branch Of
the TWenty-third Ward Bank. and Schuyler Blank
lev OF webb & Co, No. "a Broadway have been
admitted 20 rnembersh!p in th@ Cohsoiioa'el SDoS"
ana Petroleum Exchange.
r,Tr. IRON CERTIFICATES.-Pig iron certificates
.. t5,e Kew York Produce Exchange were dull. but
steady There were no sales. Prices for standard
foundry follow: Cash and February SCI bid March.
ss,@122. anru s2l 25nS22; Me- SO 50s2l June July
ard October. 81 70 asked
ETNA NATIONAL BANK CAPITAL IN
CREATED The stockholders or the lEtna Ma
ilonai Bank have ratified the proposed increase IN
capital frora $4,000 10000, thus giving the in
.fft,.o., combined capital and surplus OF 10000.
MOVEMENT or AG0NEE.-The local banks have
,o,f sree Friday sTssog against a loss IN the
Time the preceding week Of s2,S9o0o. The Sub
Treasury was debtor at the Clearing House this
morning for sssllis.
THE COPPER MkRKET-Apr Lake copper
fes Just sold at ssls cents pound. and there are
Inquiries in the market from domestic consumers