New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-01-11
TOPICS OF WALL STREET.

ket for foreign account aggregated about 1000
shares, OF which 1900 were sales. mainly OF the
United States Steel issues and Reading. with also
moderate amounts of Atchison, pennsylvania and
Southern Railway. American stocks IN London
generally inclined to sell of. and rule
showed declines OF Il to q per cent Consols were
fteady and the general market was firm. with con-
siderable strength In the copper stocks and soma
rally IN Russian bonds. japanese issues continued
very strong
DUN'S INDEX NUMBER.-Dun's Index Num-
Der Of commodity prices proportioned TO consump-
ton s07 2s4 the first business day OF January
1907 against S10S172 month previous and 500 464
year ago. The decline OF almost 1 per cent dur
Ing December occurred in articles of food and was
a natural result OF the conclusion OF the holiday
demand. together with extremely mild weather.
which increased the supply OF eggs and similar
products. while the unexpectedly favorable show
ing OF the official crop report depressed prices OF
grain and cotton. The cost of clothing metals and
miscellaneous products rose slightly open weather
maintaining activity in the markets for building
materials to an exceptionally advanced date. The
small net gain of about per cent for the year Is
a wholesome reflection Of the unsurpassed rate OF
consumption. while the comparatively small amount
of speculative Imitation makes the outlook bright
for the year
NEW MEMBERS OF EXCHANGEs.-J. P. Up
ham yesterday elected member OF the New
York Stock Exchange Frederick r. Babcock. OF
Chicago. has been elected member OF the New
York Cotton Exchange
3. & o. DIVIDENDS UNCHANGED - The
directors OF the Baltimore & Ohio Railroad Com
pany have declared the usual semi annual dividends
of per the preferred stock and per cent
the common. both payable March L
COBALT CENTRAL MINES SUBSCRIPTIONS.
Thomas Nevins & Son announce that the under
writing OF the Cobalt Central Mines. which closed
yesterday. has been heavily oversuhscrtbed and
that subscriptions 10000 shares have been
received from Cobalt and other Canadian points.
The stock will be placed the curb IN few days.
COPPER PRICES STILL RISING-The United
Metals Selling Company. which early last week
advanced its price for copper to "a cents a pound
and soon afterward announced 10 some prospective
buyers its retirement from the market. has fixed
price OF 24a cents pound. It IS understood.
and has made some sales at that figure. The mar
ket for lake copper is held strong at 25 cents.
Within short time there has been inquiry in
the local market from Austrian manufacturer.
believed to have a government contract, seeking
monthly shipments OF the metal to a period
extending the next eighteen months.
PIG IRON oUOTATIONS-Pis iron certificates
at the New York Produce Exchange were steady
for regular. but slightly easier for standard foun-
dry There were sales. Prices for regular fol-
low: Cash. January. February and March. 81 so
bid. Quotations for standard foundry follow: Cash
so so bid: January. so 50G$2+ So February So 500
s24 %: March. s2 aS23 5o April and May So 509
S23. June s22d22 70
APPLICATION TO LIST.-Ths CRANKY Consor-
dated Mining. Smelling and Power Company. Linn
tied. has applied to the New York Stock Exchange
to list SIS5O0.O0O capital stock
NORTHERN PACIFIC NEW STOCK ON Elk
CHANGE-Ths Stock Exchange has admitted 10
quotation IN the unlisted department Northern Pa
cifc Railway Company subscription receipts for
stock instalment having been paid. The
receipts will be quoted the basis as that
for rights. The time for settlement OF Northern
Pacific rights has been postponed until January IA.
Deliveries may be made either IN rights OF sub
scription certificates
SUNDAY CREEK BONDS OFFERED-F j.
Lisman & Co, of New York, offer investors AT a
price thar will yield per cent the per cent COL
lateral trust sinking fund bonds Of the Sunday
Creek Company, a subsidiary corporation of the
Hooking Valley system Interest is PAYABLE jan
nary and July and the principal Is due In 1874
The bonds are listed on the New York Stock Ex-
change. Holders are protected by ample sinking
fund provisions and equities largely in excess OF
the bonded Indebtedness OF the company. Details
may be obtained application either to the head
office Of the bankers at their branches In Phna-
delphia, Chicago and Hartford