New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-05-07
TOPICS OF THE STREET.

FOREIGN TRADING houses
sold stocks on balance in the !oc asa shaTes
total dealings amounting 10 SD,VO sH"'
of which 1000 shares were safes
BANKS GAIN CASH.-The Reported
of currency this week ihui
cate a gain In cash held by the banks .h oa
interior. The banks received from tne IN
terror 12,S43O9o and shipped TO the ihler Io5
s.oao.ooo. including S1.45o0o trans1ss sranl
through the Sub-Treasury to san fIs .n-
cisco and $2,7OS060 national bank h9 r,eo
sent TO Washington for -redemption Ino
gain from the interior was $o:s1S'ooo- Il
on New York Assay Office checks Sffo.Vo;
on San Francisco Mint checks $500, anu
on Seattle Assay Office cheeks SzI tts.' I'll
binary disbursements by the Sub-IreasuTy
were s2is1s.00. Payments by the DanhS5
to the Sub-Treasury for customs. s'eI. ne
revenue. per cent TedempSiiOn una %a,n on
Sub-Treasury operations proper or SIa,ooo
The total gain from the interior. by new
gold and on Sub-TreasuTy operations prop
err was therefore IS. SIS. 600
UNITED RAILWAYS INVESTM ENT-
At the annual meeting Of the United KalI-
ways Investment Company the StockhoideIs
approved the plan to issue S,oyorp D per
cent twenty year convertible bonds, SUD
feet to redemption at 100 on any senI-
annual interest date. on sixty days nouce,
the bonds to be convertible at par AT the
cption of the holder into common stock at
par after a date to be fixed by the DoaIu'
but not within two years Of date or ISSUE si,
line proposal 10 increase Jic CdpAIaA oNO~-N
from $4,000, 600 to s56.O10O06 for bond con-
version purposes was also approved "A
further resolution was adopted dlrectInS
that full power be conferred on the board
Of directors to utilize a portion OF the aux
thorized but unissued preferred STOCK %
the company at par for payment or a a.
outstanding preferred stock. On any
shares of the preferred thus Issued 9iNl
dends will accrue only from AprIL ! "
October I next ensuing from the DATE OF
Issue The reOOrt for 1909 SHOWS net IN
come after all deductions of S512,SJO, an IN
crease Of s247.5O5 over 1908.
YUKON GOLD COMPANY.-The Yukon
Gold Company the stock Of which IS now
on an per cent basis. reports the dlscoV-
cry of new high-grade gold ore IN Ine
gravel beds covering nun I, " b1 the
miners who first went into the YUKON. Inc
principal gain for the season OF ISiO OSeI
that of 1853 will be derived TOT a1a,, 'n re tSe
Bonanza extension Of the main ditch now
places water tributary 70 al dep4sltS 5,, Gtt
this creek. The main water ditch, ou! quiz
by the Yukon Gold Company. is seventy
miles I'm length. sixty-two miles OF winch
were in operation in 1899 Inc elsIit mn -
the region where there have been receIl'i'
located large deposits of rich gravel ore
GRAIN EXPORTS. - Bradstreet's re-
With comparisons, figures in bushels; as as
follows: Wheat -four included, lslt,Ut0
against 2.059.239 last week and l Sos III
ia. OS5, 57 compared with 151.9S7.264 in in the
corresponding wear of 1909. Corn, 2O0.Sla-
contrasted with 51S,S14 last week and DIS
1874 in the same week last year. For the
fiscal year, Is, 49S,504, against 8.542,Z6 III
the corresponding period of 1909
AMERICAN SMELTING.-Earning or
the American Smelling and Refining CON-
pany are increasing as consequence VI
the advance in the price OF silver III Is an
nounced that 5 per cent more ore IS now
being sTneIted at the various renner.es ~. VI
the company in this country and Mexico
than recorded few months ago.
THE COPPER NARkET-ProduceTs ana
selling agencies report Signify nFHieI
tone in copper This is due largely 70 M
quiries from consumers VINO nave aIloWe9
their stocks to run low The Cn 1i,sl
Metals Selling Company ana Two QUIZ
large copper interests are out OF the mar
ket on a basis of present prices.
STANDARD CORDAGE- - Frederick =
Meacham, Raymond n. FierO ana FRANK =.
IittIeton have been appointed committees
by holders of a large number or Ihe dd-
justment bonds of the Standard COrdase
Company to act for them In the matter OF
protecting their interests in the recelFefShlP
proceedings
CALIFORNIA OIL OUTPUT-In the
month of March the oil fields OF California
produced 1855. as barrels. OF which the San
Joaquin Valley wells produced 3,9to.VtU par
rels the coast wells 7O7. 600 barrels and the
southern wells 916.145 barrels
KANSAS CITY, MEXICO & ORIENT
The United States and Mexican Trust COM
pany has issued for distribution an interest
ing descriptive brochure on the Kansas
City, Mexico g. Orient Railroad Company
COPPER EXPORTS-ExportS of copper
for the week ended May we're 3O62 tons
pared with 6,422 tons in the same time last