New-York tribune., 1909-04-03
TOPICS OF THE STREET

FOREIGN TRADING.-Foreign houses dealt In
10000 shares in the local market. selling 5000
shares. In London the general market steady
without Important advances ConsOls were
changed and foreign bonds were inactive. Money
was easier at the British capital with call rates
materially lower. Discounts unchanged. but
Continental rates declined. Paris exchange on Lon
don again moved against the last named centre
BANKS LOSE CASH-The reported movements
OF currency this week indicate a loss in cash held
BY the banks Of s676Ooo. which due to Sub
Treasury operations and TO gold rts and to th9
smaller receipts Of currency from the interior Ths
banks received from the interior S773.0O0 and sent
to the interior S. 1000. including s. $500 national
bank notes sent TO Washington for redemption
The gain from the interior S9O500O. Receipts q
gold S.575,O0O- Gold exports amounted to
the Sub-Treasury were sz0,Ol5,00- Payments oy
banks to the Sub-Treasury for customs. internal
revenue, per cent redemption fund. etc. were
sH,Tl.00 The loss SGb-TreasUry operations
proper $2756.00 The total loss by gold exports
and by Sub-Freasury operations proper was $685.
COO. Deducting therefrom the gain from the in
terror and by gold of s25S0.OOO the net loss is
$676.0o The most striking feature revealed by tho
movements OF money this week the falling on
in the receipts from the interior They were slight
ly over 100000 less than last week
GRAIN EXPORTS LIGHT.-In the current week.
exports of wheat and -four from the United States
have been smaller In volume than in any week since
October, 1905 The total only 1.4L3C0O bushels.
against 2035,00O last week. 2911 900 year ago,
and 3460O0O two years ago. Corn exports held up
well. showing decline of only Isl 900 bushels from
last week, and an increase OF 5o60o0 bushels over
this week last year.
change announces that the following securities
have been admitted to quotation in the unlisted
department: National Railways OF Mexico prior
lien Az per cent bonds guaranteed general mort
gage per cent bonds and stock certificates for
per cent first preferred stock and per cent sec
ond preferred stock.
INDUSTRIAL COLLATERAL IN LOANS.-It Is
understood that $4,000. 900 loan has made IN
the current week by an active Stock Exchange
house United States Steel common at 80 as the
only collateral A large amount Of six months
money has been offered al 3 per cent all indus
trial collateral.
COPPER PRICES OWER--The local Metal
Exchange has reduced lis quoted price for copper
isc in the asked all grades Lake is 12Ts 13C;
electrOlytic. 12.2G123sc. and lake. 12-sG121
SEAT POSTED FOR TRANSFER-The Stock
Exchange seat Of the late Hudson II. Hearn has
been posted for transfer to Jules J. Vatable
NEW COTTON EXCHANGE 0IENIBERS-Rob-
ert E l. Lewis of New York. and George W Clay,
OF New Orleans. have been elected members Of tho
New York Cotton Exchange
PRODUCE EXCHANGE To CLOSE GOOD
FRIDAY ONLY.-The board Of managers of tha
New York Produce Exchange has decided TO close
only on Good Friday and on the day following.
DIVIDEND DECLARED-The H B. CIafin
Company has declared the regular quarterly divf-
dend Of per cent on the common stock, payabIs
april Is