New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-17
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses dealt in
Nv a few thousand shares in the local market
--ostIv purchases. In London consols were steady
- the general market showed a firm tone, with
..neth IN the copper shares There were no
,ssnges Of importance in the foreign money mar
kets
.hst the Standard on interests are taking con-
.-1,s+fve position in Union Pacific, In view Of the
.,,r,rtion of the Hartman investigation on Feb
--srv 25 There is more or less nervousness in
..,..TiatIve circles Union Pacific because of
iris fact. In the copper shares No rs Broadway
tes been heavy buyer in the last few days The
5,-ance in Canadian Pacific yesterday was due to
,,,,ine by the interests who have been active on
.ha bull side OF the stock for year or more and
.bo repeatedly have caused large amount OF
damage among operators who persist in selling the
stock in the hope OF being able injure the Jeer-
son NJ Levy following. The latter. however have
made large profits in the stock and are not in
rostion TO be damaged by the shorts who suffered
severely yesterday, and likely 10 get further
punishment
PACIFIC COAST.-There rumors yesterday
In we'll informed quarters that tho dividend on the
Pacific Coast common stock would be increased at
the next dividend period. Earnings of the company
are increasing and the company's ownership of
coal lands which It IS mining at an advance in
the selling price OF coal OF 80 ton. and its
ownership OF large tracts of timber land from
which lumber is fetching the best prices on
ord promise 10 make the returns for the fiscal
rear the best record.
MANHATTAN ELETATED.-In the twelve
months Of 1906 the Manhattan Elevated furnished
s4ls per cent and the subway $3.50 per cent of the
xross earnings of the Interborough Rapid Transit
Company. OF the total net earnings OF the system
the Manhattan elevated furnished G5.91 per and
the subway 34o9 per cent and OF tho total surplus
after charges the Manhattan elevated furnished
$3.50 per cent and the subway So 20 per cent.
MOVEMENT OF CoTToN.-"The Financial
Chronicle reports the total receipts cotton for
the week ended February 10 COS, las bales against
81, SO bales IN the preceding week making tho
total receipts since September l. 1896 77SS9SS bales
against 59o 2S6 bales for the period OF 90
showing increase since September /, 1906. of
LBS 7o2 bales
BANK CLEARINGS.-The total bank clearlngs
o. the United States for the week ended February
Is zone day estimated) were s2SB5Os3s go. against
e365S ~ 4 IN the preceding week s. lO7 375
the corresponding week of last year.
VANDERBILT ON MONEY!. A. Vanderlip
vioe-president OF the National City Bank. OF this
city, is reported saying IN q Chicago interview:
Money will be firm all tho year; by firm 7 mean
casts the future Business actual and prospectjve
too sgperlattve TO think Of having cheap rates:
market In the last fortnight the inquiry for this
BATOPILAS MINING COMPANY TO APPLY
FOR LISTING-The officers Of the Batopilas Min
ing Company are preparing the necessary facts and
documents for submission 10 the Stock Echanse on
application 10 have the stock listed. Batopras
is Of the oldest silver mining properties in Mex
ico.
ADDITIONAL DIRECTORS OF ELECTRIC
BOAT CoAPANY.-At the annual meeting Of the
stockholders of the Electric Boat Company the old
hoard OF directors reelected and the following
new members were added: s r. Cuggenheirn A
J Henphill. yice-president Of the Guaranty Trust
Company; Henry Morganthau and I NJ. Stetteu-
helm.
PIG IRON CERTIFTCATEs-P iron certln-
Gates at the New York Produce Exchange were
dull and unchanged. There were no sales Prices
Tor standard foundry follow: Cash. 81 bid Febr11-
7r, 81 - bid: March. 81 rs April 81 1892; Nav
50 20 asked. June 81 50 asked July, 81 % asked
october, slsqs2o.
RESIGNS FROM BOX BOARD PRESIDENCY
o. 9 Barber has resigned as president of the
Tinted Box Board and Paper Company No action
ms yet oe'n taken toward an election OF his sue
cessor.
UNITED STATES STEEL.-It is understood that
the . so shares of United States Steel preferred
offered 70 the employees OF the corporation at 102
have been oversGbscribed.
PIG IRON SALES-It Is estimated that the sales
Of pig iron in the local market in the current month
viii exceed those Of January.
CANADIAN PACIFIC-The recent issue Of Can
adian Pacific Railway per cent non-cumulative
preferred stock in London a 1917 will mean that
and not, some Wall Street interests thought. 9Szs
the New York equivalent. The reason the Cana
dian Pacific viii get the full 1919 share is that
the entire proceeds Of the issue viii be kept IN
Louodn ID meet the payment OF bond interest and
dividends. due ~ the Loldon office. The syndicate
which purchased the stock is paying for it in
monthly instruments. which just suits the require