New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-07
TOPICS OF THE STREET.

FOREIGN TRADING -TransactiOns for
| foreign account I'm the local stock market
did not exceed 5000 shares, about evenly
divided between sales and purchases.
MORE GOLD TO GO.-AlthOugh no
gold was engaged yesterday for shipment
to London, negotiations We're reported Tor
further amounts OF the metal for export
by Saturdays steamer. slow boat 10 IS
probable that shipments will be made on
that day, while. unless there should DC
radical change in the international none
tary situation .arge conslsnilnehIs . VII -
made by the Mauretanta, which sails next
Wednesday. The Bank Of England paid
premium Of 1zd an ounce over the Ordi-
nary market price for the S4,J00.O0O gold
exported Yesterday. American gold eagles
a. the British capital being quoted at toS
led. London dispatches state that there
will be no change to-day in the Bank OF
England's minimum rate OF discount
CENTRAL RAILROAD OF NEW JEE-
SEY.--A special meeting Of the stOckh0ld-
ers Of the Central Railroad Of New Jersey
authorizing a guarantee BY the CoinpaHS
Of the principal and interest Of S2O,0VO.oVO
consolidated per cent bonds TO De issued
by the Lehigh and WilkeSDarre coal C9In-
pany. owned by the Jersey Central The
proceeds Of the bonds will be used 20 re-
fund s12i15,O00 az per cent bonds dus
June I. and s2,69t.0 900 . per cent bonds:
due November I. 1912. The refundlng OF
these bonds will mean an annual saving
Of interest Of S1S5,99J. The directors OF
the railroad have declared the usual quar-
terIy dividend Of per cent on it's stock,
payable May Il.
TOO MANY NEW OFFERINGS.-Spen
Ger Trask & Co. say. In our judgment
il is unfortunate that so many offerings
should have been crowded on the market
within so short time, as IL has caused
a natural result, an impairment IT, the
gradually improving condition OF the bona
business. II looks almost a II borrowers
had fallen over one another that they might
be first in line to market their bonds We
think perhaps another reason may be tOund
IN the fear Of the railroads that law may
soon be passed giving the tederaI govern
ment supervision over new stock ana bono
issues Until this law has been passed ~
* difficult TO estimate what effect 10 viii
have on the security markets. a.. IN our
opinion. the restrictions which are pro-
posed will make 10 very difficult TOT llH
their undertakings, although the Older ana
more established systems viii probably
feel the effects materially less
COPPER MARKET FIRNER.-The cop
per market shows a hardening tendency
While sales arc not large. there are
number of bids for large blocks Of the
metal in the market AT prices ranging BE-
tween 1874 and Is Z cents pound FOR
eIectroIvtir \ reDrCSen tativC OF Oue
large company states that certain inter-
ests are bidding Is high IS @l@ cents
pound for eIeCtTOlytIc, but that the i'm
portant sellers 90 not care 70 make con-
cessiOnS. Consumers have now been out
Of the market for the last siN =" weeks . ana
their stocks are reported low 70 IS argued
that this in itself viii soon start a buy lnz
movement
PACIFIC COAST DIVIDENDS.-Ths dt-
rcCtOrS of the Pacific Coast company nave
declared the regular quarterly dividends or
II. per cent on the common. Ia per cent on
the first preferred and liz per cent on the
second preferred They also have declared
an extra dividend Of I per cent each on the
common and second preferred The extra
dividends are on account OF the loss 70 the
stockholders by the reduction In the pay
rr1ents in 1905 and 1909. and they win be con-
tiuued. II Il understood. until that loss mas
ueeu wholly made I'd
RETIREMENT OF HOOKING VALLEY
pRFFERRFD-Pur to the decision OF
the directors Of the Hooking VALLEY Kat
way Company 30 retire the company 5
S5.ooo.o00 preferred stock a. par on Aprl' -,
holders of preferred shares are asked %
present and surrender their csrtncates TOT
such stock AT the Office of J. ?. Morgan n
90 on or after April 81. " nen they VIII re
cefve payment in cash Of the par amount
thereof. together with a proportional
amount Of the dividend thereon from the
date of the last dividend accrued
OLD DOMINION COPPER.-The old DO
ninion copper Mining and Smelter com
panv tof New Jersey has issued rs report
for the year ended December 81. 1893 Prot
its amounted to S444g52 Dividends Of $4,000
were paid. resulting in dencit or S4Le4t:
The sruelter produced Sf.So2 80 pounds OF
blister copper. containing @47l9.5ol pounds
of fine copper, 154.545 ounces Of silver and
30 ounces OF gold
CALUMET AND ARIZONA.-The Calu-
met and Arizona Mining company reports
ceipts of 81 9S3. 30. an increase OF $50.
notes receivable. SS3J,y9S interest. Sol.ol.
and total receipts. A.SSl.424. an increase OF
Il O4f O,e After expenses. interest and mis-
ceIIareous deductions there was a balance
available for dividends of N.5io,l 10. and al
ter dividends surplus OF Sl4O.l-u, compared
with a deficit of S19O.976 at the close of 1905.
AMERICAN LIGHT AND TRACTION
The directors of the American Light and
Traction Company have declared a quar-
terIv cash dividend of 2ia per cent on the
common stock an increase OF One-hdf OF ]
per cent quarterly. and regular quarterly
dividend II 81, Ter cent on the same issue
They also have declared the regular divi-
dend Of II per cent on the preferred. Cash
dividends are payable on May and the reg
Ular stock dividend on May Is.
ADMITTED To THE TIST.-The stock
Exchange has admitted 10 the list S1.NnoaO
city Of 81. Louis per cent twenty-year
bonds due April I. 1923, 10000 per cent
twentv-year bonds. due July I. 1928. and
81. TC". 90 per cent twenty-year bonds. due
October I. 1879.