New-York tribune., 1910-04-13

FOREIGN TRADING -Foreign houses
We're not active in the local stock market
uealing IN less than l0O0 shares, an sales
on arhltrage account
FRISCO DIVISION BONDS.-A- special
meeting Of the stockholders of the st LOUIS
san Francisco Railroad Company Nsii
oe held on May. I6 to approve the anthoIl%a-
,.oh OF A50Voo.0o New. orleans, IeAas
AleNlco division ) per cent nrst mortsa
oonds. OF this amount So.OoOWo Wht De
ISSUED at once. Of the latter amount SlV,
e@~o has been deposited with Speyer d
20 10 secure. an issue OF SVo.Wo thTee-
year . per cent collateral trust notes oI
ne ~. Louis & San Francisco halEoao
company. These notes are CalaDle 81 any
time on ten davs' notice OF the remaining
ebee,vo bonds part has been suid 10
syndicate headed by William Salomoh *
% and .. II Walker Co. OF Fl LOUIS,
II Is understood that the bankers have an
option on the balance.
LAKE SHORE NOTES IN PARASITIC
lake shores block OF one-year notes re-
Gently sold abroad was placed IN FarlS-
The total exceeded S5.090c00. This tenn
% rary form OF financing was adopted 70
reimburse the company for advances made
IN connection with the purchase OF STOCKS
or several subsidiaries of the Hooking vat
ley. Twelve shares Of Lake Shore stock
sold yesterday on the Stock Exchange al
price Of 320 recorded last MAY. The high
est price for me issue prior 10 that re-
ported yesterday was 347. .-
COPPER TRADE CONDiTIONS-The
reports that some of the leading copper
selling agencies were offering electrOlytic
copper 81 l2ss cents Yesterday was denied
in well informed quarters. II was stated
however. that numerous inquiries for cop
per were in the market FOR European ac-
count. and that fair amount Of the metal
had been sold at between rs and l3 cents.
The market is quoted at about l3 cents for
electrolytic. Domestic consumers continue
out Of the market. and practically all OF
the day transactions were for foreign ac-
count
GOLD EXPORTS The Hanover Ma
ional Bank. which denied on Monday the
report that il had engaged gold for ship
ment 10 London, yesterday withdrew Sl.5oo.-
0eo u the metal in coin for export 10 the
British capital by the Mauretanis- Total
shipments to-day, &.000,eo: total on the
movement. 81. eo. and total 70 all coun-
tries since January s1s 5ss S34. against i'm
ports in the same time Of ss.707, 65S.
SPEAKERS AT FINANCE FOREM.-At
Mems Christian Association. No. 3ls West
9th street, IN the auditorium. at 7.5
o'clock this evening. kingsbury Foster,
super tehuenJ or the Onited states As
say Office at New York. will speak on The
United States Assay ONCE. and Charles
- SpraEue president OF the Union Dime
SAVINGS Bank. on The Proper Conception
DIVIDENDS DECLARED - Dividends
have been declared as follows: Railways
Company. general regular quarterly I per
cent. payable May I, Kerr Lake Mining
Company, regular quarterly . cents and .
cents extra. PAYABLE June 10. Silver Mines
Exploration Company. 81, payable June -.
BAR SILVER ADVANCES further
advance u 1-l6d. an ounce. making the Lon
don price of bar silver "a 7-l6d YESTERDAY.
WaS the fourth successive advance in so
many days. from e4d. on last Thursday,
when ii sold al the lew Of the current
month
AMERICAN EXCHANGE BANk.-Row-
land g. Hazard. Of Peacedale. r. l.. has
been elected a director Of the American
Exchange National Bank. 70 succeed the
late Levi a. Weir. Mr Hazard is a trus-
lee Of the New York Life Insurance Com
pany.
NEW COTTON EXCHANGE MEMBER.
Charles Allan Hudson Of No. 50 Wall
street. has been elected 20 membership in
the New York Cotton Exchange.
LONG ISLAND RATLROAD.-The an
nual report OF the Long Island Railroad
Company. just issued. states that ". ".
AtrerbUry. fifth vice-president OF the Penn
sylVania Railroad Company, has been elect
I'D a director 10 succeed the late Dumont
f-rarLa