New-York tribune., 1910-12-10
TOPICS OF THE STREET.

FOREIGN TRADING-Transacti for
foreign account in the local stock market
aggregated 15,000 shares. sales and pur-
chases being about evenly divided
TO PAY NOTES AT MATURITY
Lawrence Barnum & Co announce that
they will pay at maturity s25o,000 Laramie.
Hahn's Peak & Pacific Railway Company
per cent two year notes maturing Decem-
ber 10
BANKS LOSE CASH. The reported
movements of currency this week Indicate
a loss in cash held by the banks Of s.
S2S. .000. About tvO-thirds of this was on
Sub-Treasury operations and the rest 70
the interior The banks received from the
interior s. .24l. 600 and shipped into the IN
terror $40. 1913 coo. including SS0.O00 trans
ferred through the Sub-Treasury to New
Orleans, s770.600 transferred in like manner
TO San Francisco and S2.S00ooe national
bank notes sent TO Washington for redemp-
ton The loss to the interior was S-4s2oou
Receipts of new gold were s1.51S.GGo: name
Iy New York Assay Office checks. 81
$4,000; on San Francisco Mint checks, 81
GOO and on Seattle Assay Office checks. SOY
OOG Ordinary disbursements by the Sub
Treasury were SO .355,yvJ- Payments by the
banks to the Sub-Treasury for customs. m
ternal revenue. per cent redemption fund
etc. amounted 10 S29. .201 900. showing a loss
on the Sub-Treasury operation proper OF
S. So go The total loss to the interior and
amounted to 0.344 600 Deducting there
from the gain by new gold the net loss 10
the banks on these counts was Se.s-5'Vvo-
THE COPPER MARkET--The copper
market is beginning TO show some signs OF
weakness for the first time since the an
nouncement was made that producers had
agreed 10 curtail production 10 the extent
of 15 per cent. While the large selling
agencies and producers continued TO quote
13 cents pound Tor electrot3 Ic. IIe m Ils "a al
was sold in small lots YESTERDAY as low as
l23. cents a pound. This was probably due
10 the net decline of about 6S IN copper
metal abroad The assertion Is made that
London is depressing prices in order 10 es-
ia abIish a basis for purchases later on
DIVIDENDS DECLARED = DIVIDENDS
have been declared as follows: The Amerl-
can Iron and Steel Manufacturing Com
panv regular quarterly Ia per cent on the
common and preferred. payable January
. The American Tobacco Company resu-
lar quarterly IL9 per cent payable Janu-
arv 8. The Old Dominion Steamship Com
pany regular seIni-annual 3 per cent pay
der Company regular quarterly IL per cent
on the preferred, payable December IL The
Mercantile National Bank regular quar-
terly Is per cent payable January --,I,as >, ne
quarterly per cent on the preferred ana
l ger cent on the common. payable Janu-
arv 3 The Hedley Gold Mining Company
quarterly 3 per cent and an extra per
cent. payable December 81 The Texas and
Pacific Coal Company regular quarterly y
per cent payable December 81
GOLD IMPORT POSSIBILITIES--Ster
ling exchange rates have declined IN the
current week TO level that suggests the
possibility OF engagements of gold in Lon
don for shipment 10 this country IN the
coming week although in financial quar-
ters If is thought that the Bank of Eng
land will eudeavor to place obstacles IN
the way of such d movement There Is;
nevertheless. a chance that New ork VIII
be able TO secure the South African Boid
that will be offered In the open London
market Monday. as at the moment there IS
no active demand for the metal from the
Continent. while exchange at TINS point
practically is at the gold importing level
LAKE SUPERIOR ORE OFFICERS
The Lake Superior Iron Ore Association
has elected F B. Richards president, sue
Ceediug w G Mather: II. q. Dalton vice
president succeeding Frank Billings. ana
w L. Tinker secretary succeeding w b
Treat H : StebPings has been reelected
treasurer.
APPLICATION TO LIST : Application
has been made 10 the Stock EXCHANGE TO
list $50 coo 900 Guaranty Trust Company
certificates for New York Central lines
equipment trusts of 1910 and s4.Il0.000 Read
ing Company general mortgage bonds of
1897.
NEW EXCHANGE FIRM.-A new Stock
Exchange firm has been organized under
the name of Mills & Stewart. with offices
at No 10 Wall street The members are
Charles II Mills and John a. Stewart Sd.
the latter being the board member
ADMITTED To DEALINGS-Ths Dia-
mond Match Company rights have been
admitted 10 dealings on the Stock E,x-
change
MONEY FOR SAN FRANCISCO-The
Francisco Yesterday for the account OF
local banks.
EXPORTS OF COPPER-Exports OF
copper for the week ended December 8
were 5.541 tons, compared with a1SS tons in
the same time last year