New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-02-11
TOPICS OF THE STREET,

FOREIGN TRADING ansactions ror
foreign account il the local market
amounted to 800 shares. mostly rlr-
chases- The heaviest dealings we're in Rock
Island.
BANKS LOSE cAsH-The reported
movements Of currency this week indicate
a loss in c1sh held b. the banks Of ss,90,-
CO. The important source Of loss was on
SUD lfeaSuTy operations. while from the
interior the banks only gained moderately
CO baLanEs- Ihe hanks received from the
interior el.sQ6 coo and shipped 10 the in
terror =. 600, Including 2.621-0JJ national
ga1k notes sent TO Washington foT re-
otInFtlon- The gain from the interior was
s5L--t-l''l- Receipts of new gold were $e64,-
V'1, namely, OF NeT York AssaE Office
checks $50 nnf Oh san Francisco Mint
checks 81 90. and on Seattle ASSAY Office
checks SSl,"2 Ordinary disbursements by
the Sub-TreasuT- were s1S-3S40lo- Payments
h the hanks 10 the Sub-TreasUrv for Gus
IONS, internal revenue, per cent reJemp-
non tGTl1, etc. amounted to So. So ,ocn.
showing Z loss on Sub-Treasury operations
proper Of $5,5h5.oho The total gain from
the interior and By new gold vas S2,l0G,9 go
LedEcting this from the loss on Sub-Treas-
VT!- operations proper. the net loss By the
nenr this week is confined 10 fire working
aaEs h,ch should b taken into ConSid-
aud out Of the banks, was the smallest
reported this year The gain IS aboHt hale
that OF last veek. and is the smallest since
the week ended on December . last. The
particular direction. while shipments were
nostly TO the Vest and Southwest
PENNSYLVANIA COHvERTIBLEs. -
Announcement Is made h The Pennsyl-
EaDta Railroad Company that. by reason
OF the recently adopted policy Of paying
dividends quarterly, the company, in order
erS. when bonds OF 1912 with Ma : and
November ! coupons attached are present
ed for conversion between February and
Nay q. inclusive, or between Angus . and
November :. inclusive, viii pay half the tace
value Of the coupons covering tbs period
from November ! TO Februar- or May
20 August : 1-pon surrender of the bonds
81 the tine % conversion. II lieu OF three
months dividend on the stock covering
q 1913. with June ! or Decembsr coupons
a--arhed. are presented between the dates
q above, o1e-third OF the face value Of
period from December / 70 February I, in
lien OF tTo months dividend o. the stock
covering tbs same period,
The United States Steel Corporation has
closed z contract with the Ressanler As
soCiation fer 25,p13 tons of Besser7er pic
Iron. delivery TO he made over The next
Corporation mas served TO strengthen the
iron situation, which has been rather dull
Of outside IRON oE Llited states steel
seems 70 indicate that the corporation
looks for CneZan1PIed actirits in finished
ste-l products IN the first hall or the year.
7. other words, th= corporation is Of tho
opinion that Il. own furnaces viii not be
able to supply its finished mills, and
therefore + viii have % make purchases
Of iron from The merchant furnaces.
REGULAR HARTMAN DIVIDENDS -
Tho directors Of Ire Union Pacific have
declared the regular quarterly dividend Of
regular Semi-auuual per cent on the pre-
CeTred payable April :. The directors OF
the Southern Pacific have declared the
regular quarter'y dividend OF Il per cent,
% able April !.
INTERNATIONAL. AGRICULTURAL
meeting Of the international Agricultural
Corporation TODAY a Proposition 10 increas99
iii be voted on. Half Of the increase IS to
ne = per cent cumulative preferred, and
half common
PEORIA q EASTERN.-Trc directors
% the Peoria. & Eastern Railway have
declared The Cull ( per cent on the COM
rsn--'s income bonds from the earnings 1F
7a-rf 77e-ahle A-ril !. Nothing was paid on
these issues last zear.
BUFFALO & SUsQCEHANNA.-Th
JZTickerbocl.er Trust COMPANY has been
appointed the transfer agent Of the Buf-
faio & SUseuehanns Railroad COMPANY
10000 preferred stock. and Of the sui
faio & SEISd uehanDa RAILWAY &l0.fF4.e1J
common stock, fornerlr transferred by
Fisk q Robinson.
TO INCREASE CAPITAL.-A meeting ot
the stockholders Of the Insurance Compan"
or North America has been called foT April
n --ore on = PROPOSED increase Of the
capita stock OF the company from 100000
10: = o4o,elo-
r < q SOI--HyV TERN.-Daniel VII
ard president Of the Baltimore & Ohio,
has been elected president Of the Baltimore
& Ohio SOuthv estern- succeeding oscar ..
1Iurra-, resigned
JON CONSOLIDATED EXCHANGE
Howard = EeeIer. Of this city. haS been
elected uaubc- Of the Consolidated stock
Exchange.