New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-01-15
TOPICS Of THE STREET.

FOREIGN TRADING.-TransaC tions in this mar
iet for foreign 1900 shares of which
1000 were sales. American stocks in London
showed fair gains in the trading for the new ac-
count. which began at noon. yesterday being the
first day of the settlement. Advances OF u to 3
per cent We're general. Rio Tnto the strongest
of the copper stocks and the mining department
was steady. Foreign bonds strong and con-
soils a shade hrmer The stock market showed a
cheerful tone and an advancing tendency through
out the day. The bulk OF the American account
was carried over between and 10 per cent but the
contango subsequently dropped to per cent. The
banks demanded per cent for Stock Exchange
loans at one time. The rate eased off later Money
freely offered at the close. with discounts
steady and generally tranquil outlook. CONT
mental bourses closed quiet. but firm.
ANOTHER GREAT NORTHERN POSTPONE
MENT-The time for ascertainng the stockhOId-
of the Great Northern Railway Company
titled to subscribe the s6oOOOoO issue OF capital
stock proposed IN the company's circular of De
cenber H. 1906. and the time for filing subscrip-
tons to such issue. have been further extended 10
the close of business January %. The time for
filing assignments of rights has been further eN-
tended 10 the close OF business January - The
date for making payment of the first instalment
on subscriptions has been again postponed to
January ..
ADMITTED To QUOTATION.-The instalment
certificates for Chicago. Milwaukee St Paul pre-
ferred stock 10 per cent paid and instalment GER
tfcates for common stock, 10 per cent paid. have
been admitted to quotation in the unlisted depart
ment of the New York Stock Exchange
PIG IRON QUOTATIONS-Pig iron certificates
at the New York Produ>e Exchange were steady
and unchanged. There sales Prices for
regular follow: Cash. January and February,
s2I so; March 81 50aS22 so; April May and June.
s22 90 Quotations for STANDARD foundry follow;
Cash January and February, SIS Gs24 so: March,
so 75ms94: April, $22 75Qs2S May and June SIS
asked
COTTON EXCHANGE SEATS DECLINING
The Cotton Exchange membership of Frank b.
Simpson was sold auction on the floor OF the
Exchange Yesterday Reinhsrd Siedenberg for
sl2To0 The last preceding sale of "a seat two or
three weeks ago at $l4.a0 The high record
price was S93,5OO. which membership was
transferred in December. 1868.
INTERNATIONAL SILVER COMPANYS NEW
OFFICERS George II. Wilcox has been elected
president OF the International Silver Company to
All the vacancy caused by the death OF Samuel
Dodd George c. Edwards has been chosen vice
president to filI the vacancy caused by Mr.. VII
cox's promotion; Charles a. Hamilton has been adj
vanced from third second Weep president, ard
q II Tbbitts has been elected third vice-president
COPPER PRICES AGAIN ADNANCED.-Copper
has been advanced one-quarter OF cent in the bid
price, from 2iia to 2iS. for lake. eectrolyte Zi%V
2n3; castings 2iG24..
REDUCTION OF STOCK PROPOSED-The d.
rectors OF the American Writing Paper Company
have voted to recommend stockholders that at
the annual meeting TO be held February IL the
total authorized capital stock of the company.
fixed at SOS 100000 be reduced to s220co,0o0 by
ducing the common stock (of which S1.000,Ooo has
never been issued) S5oo.op and retiring and
cancelling 50 100000 of the issued common stock.
which is now owned by the company and held In
it's treasury.