New-York tribune., 1908-07-21
TOPICS OF THE STREET.

FOREIGN TRADING-ForeiSn houses deaf, -
10000 shares In the local market. selling slightly
on balance. There heavy realizing in Iondo.
IN American issues. and some of that stock natu.
rally came here. The general London market vaa
inactive and irregular, but closed strong on .hs
curb Call money at the British capital was .a,v
while discounts were trife frmer. II was re.
ported the Rothschilds would float "a. 600 loan
for Brazil OF the E5o0.00o South African zoIA
offered In the open market the Continent secured
E400 900.
GOLD EXPORT SITUATION.-Rezardin ths
probability of further gold exports In the near
future, representative Of interna tona bankin.
house. which has been recently an extremely heavv
seller of foreign exchange incidental to Operation.
In Union Pacific. Delaware & Hudson and oth.p
bonds sold abroad, said yesterday that the zoId
If any, that may be exported IN the futura
will go out upon a strictly exchange basis Ths
inference to be made that purchases OF on,
investment securities abroad were progressing Upon
such scale that. together with the impend,ne
imperative necessities of Europe for our breadst1s
part Of shipments of gold from this country viii
represent loans to Europe
BANKS GAINING CASH AGAIN.-Now that tba
local banks have returned the United States xoy.
ernnlent deposits under the latest CALL effective On
Wednesday OF last week. the local banks have ~.
gun again to gain as a result of Sub-Treasrv
operations Unless something present unsor..
seen and improbable develops they VIII conf,ru.
to gain On Saturday the gain was 81 sir 600 ma
since Friday they have gained 50 79e 0oo compared
with a gain In the time a week apo ~ 3,
$4,000 In addition the Sub Treasury MA, i, a.s.
o5S. 80 '-"
AMERICA SELLING SILVER FREELY ~.
silver market circular Of Mocatta & Goldsn,id !,
London. dated July 10 just received bv mail ,,vs
In part: The buying has continued TO be cb,.6v
covering by bears whose commitments have BEEN
considerably reduced In consequence OF this and
of the fact that America appears to be serlrs
more freely. the market has a sagging tendency.
and lower prices are looked for unless there .
renewed buying for the Indian bazaars"
STOCK EXCHANGE NOTICES-The stock, ~
the Union Bag and Paper Company have beeu
taken from the unlisted department Of the New
York Stock Exchange and placed the reruas
list The Pfttsburg. Fort Wayne & Chicago Rail.
way Company has applied to the New York Stock
Exchange to list SsN.soo additional guarantees
special stock
COPPER TRADE CONDIT4oNS.-ssIes Of .I.e.
trolytfc copper were made yesterday on a basis
of 1875 cents pound. for delivery over the nexs
thirty days. One of the largest selling agencies
has declined TO consider bids for eectroIvtfc COP.
for delivery in the last quarter of the current
year under 13 cents pound The opinion seems
to prevail in copper producing circles that the
last quarter of this year will mark decided I'M
provement IN copper and IT Is because Of this 'has
they holding of for better prices for delivery
within that period.
BALTIMORE & OHIO BOND OFFERING.-X
offering OF bonds is that OF 81 53 Raltirnory
& Ohio Railroad Company. Southwestern Division,
hrst mortgage S+7 per cent gold bonds. due july =
1925. and secured by first lien a1 miles Il
main line from Belpre. Ohio. TO East 81 Lou.a
ILL.,. and by a first lien valuable equipment
CURB'S RED BOOK.-"The Red Book IL the
title of valuable pamphlet issued by ]. Thomas
Reinhardt. of No. 3s Broad street New York
gives complete price ranges of all New York ana
Boston stock exchange and curb stocks for 1876
'07 and up to July I. 1908 Copies will be males
free to any investor upon request
H B. CLAFLIN REGULAR DIvIDENDS--Es
rectors of the H B. Claf1in Company have deciared
the regular quarterly dividends of IA per cent ~
the first preferred and III per cent on the secons
preferred stock. payable August
GOLD SHIPMENTS To CANADA-Ths Mef-
chants National Bank. Of New York. wthdre~
yesterday 100000 gold from the Sub-Treasury nS
shipment TO Canada
REGULAR PULLMAN DIVIDEND.-The n
rectors of the Pullman Company have declared .1.
regular quarterly dividend Of s. a share Dss-
August IS.
COBALT MINE DIVIDENDS.-Cobalt mines "S
this month pay the sum OF S5.S46 In DIVIDENDS