New-York tribune., 1908-08-13
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses sold 5000
shares on balance in the local market, and doubt
less would have SOLD more if it had not been for
the weak opening here. In London the general
market was firm and quiet Money rates at the
British capital unchanged and discounts were
frrner at 7-16 per cent. The treasury bills were
allotted average of about 3-l6, the market
taking the bulk of the issue continental discounts
were unchanged.
CITY BOND OFFERING.-J. & W Selgman &
Co.. Of New York. offering at 101 and accrued
interest S., 900 City of New York per cent
ffty-year gold bonds that they recently purchased
from the city. They due May l. 1857, with
interest payable on May l and November l. The
registered and coupon bonds interchangeable IN
amounts of $1,000 and the total amount of per
cent bonds of this character that the city has out
standing is only S152S4,460. The Controller of the
citv in letter to the bapkers. states that with
the exception of s12,500,000 corporate stock pro-
vided for the current years expenses OF the CITY,
he does not intend to issue any more corporate
stock during the current calendar year, and that
amount will not be issued before November l.
STOCK EXCHANGE LISTINGS.-The following
securities have been listed on the Stock Exchange
Chesapeake & Ohio Railway Company s4OOOOoo
Big Sandy Railway Company first mortgage per
cent bonds. due 1914. and slS00o,00 additional
New York Central g. Hudson River Railroad Com
pany per cent thrty-year debentures. due 1884;
Wabash Railroad Company $4,000 first refundms
and extension hfty-year per cent ponds' due
1856: $685.. 900 Kansas City, Fort Scott & Memphis
Railroad Company per cent refunding mortgage
guaranteed bonds. due 1896, and 100000 Colorado
& Southern Railway Company first mortgage per
cent bonds.
CHANGES IN NATIONAL ENAMELlNG
Enameling and Stamping Company met yester-
day for reorganization and made several changes
in the officers of the company. Frederick 6.
Neidringhaus, formerly president OF the COM
nany was elected chairman of the board F. A.
w Kieckhefer, formerly vice-president, was
made president Thomas K. Neidringhaus. for
merlv second vice-president, was elected first
vice-president and G. W. Neidringhaus was
elected second president The other officers
were reelected
COPPER PRICES LOWER-The local Metal
Evcbanpe has reduced its bid and asked prices
for all grades of copper Is The copper metal
market has received something of a check
through the course of the London prices Fut-.
ures which have sold there high as f63 were
0uoted Yesterday low $50 lis cd, while
snot has declined from f62 IS Sd to $50 The re-
cassion in the market is believed to be due to
realizstion on long stocks Consumers are hold
inc off in the hope of further decline
MOVEMENT OF MONEY.-The local banks
have Gained from the Sub-Treasury since Friday
more than 100000. compared with a gain in the
sanoe time last week of S3.052.0o. A debit yester
dsv of 90 76 SS7 by the Sub Treasury at the Clear
ing House was due to I payment on Panama
Canal account 70 larger pension payments above
the recent average and to miscellaneous accounts.
DIVIDENDS observation-disclosures have been
declared as Follows American Sugar Refining reg
Mar IA ner cent on the common and preferred.
National Biscuit Company regular quarterly Ia per
cent payable October Is, and the regular quarterly
Ia per cent on the preferred, payable August 81
Homestake Mining Company regular monthly 30
cents payable August 2o National EnamelinE and