New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-01-27
TOPICS OF THE STREET.

roftElGN TRADING-Foreign houses sold 1000
shsres on balance in the local market In London
t Isols Were heavy and the general market was
Irregular and dull at unimportant price changes
- Iolk issues closed weak selling that mar
- IN me settlement the coutango rate on Amer
lcAn stocks was per cent. Banks charged 2l1 per
Sent lor stock Exchange loans Call money al me
DiI''Sh capital was in fair demand and discounts
NTH Cdbie dispatches reported that the Cana
oah loan was not meeting with success and that it
w. thought the underwriters would be compelled
10 Iake a large part of It The Sac PauIo loan was
P-''eu al "a per cent premium, a result OF
strong Continental demand. Paris exchange on
Lohdon was weak and suggested e further French
demand for gold.
ATTRACTIVE BOND OFFERING Fisk 3 Rob-
nson ere offering TO investors the unsod portion
u $1ovV' first mortgage per cent ffty-year gold
Dohds issued by the ST. Louis, Rocky Mountain &
facinc Company 2 corporation owning the largest
tract or coal lands under one ownership in the
United States Their enormous coal holdings OF Sl2
square Independently the entire well known
hfton coal field of New Mexico are equivalent IN
SIZE 10 tAree-quarters the state OF Rhode Island
lille the company's mining experts estimated that
me property contains more than 2oo0oooOoo tons Of
ccal suitable for domestic, steam Coking pCr-
poses the United States Geological Survey, now
making detailed investigation of this field, reports
much larger amount of available coal Tests
made by the Geological Survey at its plant in St
Louis show that the coke made from this coal com
and West Virginia. To facilitate the development
it's property the company has built 1OS miles of
standard gauge railroad of modern construction and
equipment, connecting its mines and coke ovens
with the Colorado & Southern Railroad recently
purchased Dy th9 burlington. with the AIcnlSOH
Topeka & Santa Fe and the Ell Paso Southwestern
This vast field of high grade bituminOus coal and
the excellent coke produced therefrom Of vital
Importance In the development of the great snelt-
ing interests OF tire Southwest, and its products
finding q rapidly growing market in Arizona, New
Mexico. Mexico and the Pacific Coast. while the
superiority of the coal a domestic fuel enables
It 10 reach parts IN Kansas and Texas. At the
price offered the bonds yield 5iz per cent
COPPER TRADE CONDITIONs.-It was report
ed yesterday that in the of few days there
would be a sharp reduction in the price of copper
by the leading producers and selling agencies IN
order TO stimulate 4 better demand safes OF eIec-
trolytic in small amounts were made yesterday at
1870 pound.
ATCHIsON'S EARNINGs-The December report
of the Atchison. Topeka & Santa Fe shows an In
in gross earnings OF $1,000 and an Increase
of $4,000. In the last three months OF the
year the company's net earnings increased s27S2'-
GOLD FOR ARGENTINA.-Goldman. Sachs &
Co have engaged $780, 900 gold for Argentina Since
January J. 81. $780, Goo gold has been taken here Tor
export To South America
NORTH AMERICAN DIvIDEND-The directors
of the North American company have declared a
dividend OF IL per cent payaple APLal =, S.a-1
preceding dividend announcement was IN Septefh-
Der. 1907.
COTTON EXCHANGE SEAT soLD.-The Cot
ton Exchange seat Of s. +. Engs has been soid 10
Marshall Geer For $4,000.
EXTRA DIVIDEND DECLARED-The directors
Of Jhe Chicago City Railway have declared an eN-
ira dividend of per cent, payable February i
TEL F,GRAPFI COMPANIES TO INCREASE
CAPITAL special meeting OF the stockholders
Of the Mexican Telegraph Company has been cslted
for February to vote on proposition 10 IN
rease the capital stock Of the company by $1,000
600 TO IS O00 600 The stockholders OF the central
and South American Telegraph Company also Will
hold special meeting February 70 vote on
enIarging the capital stock by 1000 600, to Sl4,
coo. 600.
RESIGNS HIS PRESIDESCY.-John W Dunn,
it was announced yesterday has resigned the office
az president Of the International Steam Pump Com
panv which he has held for several years
NATIONAL. SURETY'S NEW DIRECTORS.-E
Cheney John A. SpOoT have beer elected d.
rectors OF the National Surety Company, 10 MI Va
CanCies.