New-York tribune., 1910-12-23
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses
were not factors in the local STOCK nio'
ket. This was not SO mucn the rssul. s.s, or -,
commissions against a certain class y. -
arbitrage business. as 1t was the hoIoay
feeling on the other side. Inc puttrns be- -.
tween New York house ana Eonuoii
house will eliminate arbitraRe trading IN
volving split commissions; but II Wlii onoe no.
nections with London of the facilit1es lol
legitimate arbitrage business
DIVIDENDS DECLARED. - Dividends
have been declared as follows: me Jei- -
ferson Bank regular semi-annual per
cent, payable January T. The Carolna
Light and Power Company regular quar-
terly IL per cent on the preieIre4;, pat Pat
Electric Company monthly = OF l per
cent, payable January 2 The Lawyers
Mortgage Company regular quarterH .
Per cent. payable December 81. The Flee
tricaI Utilities Corporation regular quar-
terly Ia per cent on the preferred, pay
able January 16 The Sealshipt oyster
the preferred, payable January s. The
Garfield National Bank regular quarterly
per cent. payable December 81. me
Distilling Company regular quarterly 1
per cent on the preferred, payable Janu-
ary 30. The United States Glass Company
regular quarterly per cent, payable Jan
quarterly per cent, payable January J.
The Second United Cities Realty Corpo-
ration regular semi-annual ~ per cent on
the preferred, series A. payable February
l. The Commercial Trust Company Of
New Jersey quarterly per cent, paya pie
January 8. The Merchants National
Bank 31a per cent. payable January 5-
Wells. Fargo & Company regular semi,an- an
nual per cent, payable January le- The
Central and South American Telegraph
Company regular 9uartsry bs s orPe per csnt snd
Western Railway regular quarterly l per
cent on the preferred; The Mexican Teie-
graph ComPany regular guarteriy r0n I1s sr,s per
Paper Bag Company regular quarterly IL
per cent each on the preferred and com
mon.. payable December 80 washington
Trust Company quarterly per cent. and
2 per cent extra, payable January 90
COPPER MARKET WEAK-Foilowins
the decline IN copper prices abroad, there
were heavier offerings of copper in the
4 cent below the so-called official price
Sales of small lots OF copper, delivery II
thirty days. We're reported at 12as cents 2
for copper for export. and domestic con,
sumers are holding out, believing they will
be able to obtain the metal at rnaterla-
concessions after the first OF the year
SHADING STEEL PRICES.-Reports OF
concessions in steel prices continue 10 come
in from the West Steel bars, which art
officially quoted at 8 40; have been sold al
bars as low as 81 so, compared with the
regular quotation of 81 40 Some very Low
prices are Oe1l1S II1dOS III structural steer
Transactions are reported at 81 80 hun
dred pounds. which is reduction of 81 6
ton from the official price The low prices
are due to the aggressive campaign being
conducted by certain of the small indie
pendents TO obtain new business.
SULZBERGER STOCK OVERSIZE
SCRIBED--It is understood that the offer
ing of S3 500 COO Sulzberger & Sons Company
per cent preferred stock has been largely
versubscribed and that a1lotmentS VIII be
for materially smaller amounts than the
Subscription. The books have closed In
Amsterdam. where over twice the amount
was taken than originally expected. West
ern subscriptions have also been large In
Chicago these were received by the Con
tfpentai and Commercial Trust and Savings
Bank.
LARGE EXCHANGE OF NJ & ST L
BONDS-A large amount of the Minneap-
oils & St Louis Railroad Company D pei
cent gold notes. due February ]. 19i1, has
already been deposited with Speyer & Co
for exchange into the new tvo-year pei
cent notes.
NEW YORKERS ON CHICAGO EN-
CHANGE.-John z. May. y. j. Miller and
Thatcher NJ. Adams. ir.. all of New York
have been admitted to membership on the
Chicago Stock Exchange.
MINES COMPANY OF AMERICA--The
directors Of the Mines Company of America
have appointed an executive COMMITTEES
composed of John Lambert, William f.
Refs. II. s. Black. William B. Thompson
and ". Hinkls Smith