New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-16
TOPICS OF THE STREET.

FOREIGN TRADING--For the miro su g
cessive day foreign houses were ssIIsaa - :
stocks in the local marke, ~ ,,,ere IN
operations The heaviest dealings were ~, III
Rated states steel Total sales In All -
sues amounted 20 upward OF l''Vo shdIeS-
BANKS GAIN CASH.-The reported
movements OF currency SniS SnI.s AZ x5 go :
600 Fairly large gains from the . 1les' H. ~,
and on Sub-Treasury opera Mons OISe - ~
that amount the loss oy goid eSp &c ,a- zoo
and shipped TO the interior S.JA.ec, lncIuu-
ing s24s.O00 national bank notes sen. -
washington for reds =, ~ Ssn Recs,pts OF
new gold we're 81 .40S.OO. namely. on lev
York Assay Office checks xoS0uv' on 90 e.
Francisco Mint checks sS4 90 aoa ana c on sx
ports during the week amounted 10 S'VVV.
600 to London. Ordinary dlsDursennents
by the Sub-Treasury were -. f'e.so az ~
ments by the banks TO the Sub-Treasury
for customs internal revenue. per cent
redemption fund. etc. amounted 20 Szs.ItS. :
900 showing gain on on H SUB TSs tofai gain
from the Interior by new gold and on SUD
Treasury operations proper aggreSateo o..
gold exports the net gain by the banks
was s. $4,000. The receipts or currency s
from the interior were the largest Sihce
those for the week ended reoruary LII.
est since the week ended NoVeInDer =.
Money seems 10 have come In principally
while shipments were mostly INTO tho
South, not very much having passed pc
tween New York and the West during the
last week.
COPPER TRADE CONDITIONS Short
covering I'm the London market and the
advance by the Calumet and Hecla COM
pany I'm the price OF lake copper have led
To the withdrawal Of offers OF electroiytic
copper in this market at under 13 cents
Sentiment is bullish abroad and a larger
inquiry is reported here Exports OF the
tons. Since April 1 exports have amounted
to $3.50 tons. against 1850 tons In the same
time last year.
GRAIN EXPORTS FOR THE WEEK
Bradstreets reports the exports Of grain
for the week. with comparisons Figures IN
bushels) as follows: Wheat, -four included,
DO, against 1.T7,OS6 last week ara
son 11sss2.s2 compared with 14S.052.2O5 In
the corresponding period last year; corn,
sn, 200 contrasted with sS5.S24 last week
and 1880 in 1909; for the season. A.SlI'oio'
against 2s.54s.75s last year.
BALDWIN LOCOMOTIVE BONDS -
Kuhn, Loeb & Co. and Brown Brothers &
CO: have purchases d from IN the BALDWIN 10
per cent thirty-year sinking fund gold
bonds. These bonds are part OF an au-
thorized issue Of 900 and are secured
by a first mortgage upon all the real estate
buildings and machinery Of the company.
PENNSYLVANIA STEEL-The directors
Of the Pennsylvania Steel Company nave
authorized an issue Of a.o8, 500 additional
preferred stock to be offered pro rata ar
par 10 present holders OF preferred and
common stocks. This is an increase OF 10
per cent on the existing issue OF both pre-
ferred and common stock. The issue Is Tor
improvements and extensions at the various
plants.
DIVIDENDS DECLARED. - Dividends
have been declared as follows: Sears-Roe-
buck & Co. regular quarterly ~ per cent
on the common. payable May u. United
States Realty and Improvement Company
regular quarterly Ia per cent, payable May
2; Pennsylvania Steel Company regular
semi-annual 311 per cent on the preferred,
pavable Nav 3 and Buffalo Mines Com
pany per cent. payable May Is.
ARIZONA-COMMERC subscriptions
TO the underwriting Of the S.00oOoo Arizona
Commercial per cent convertible BONDS
have been closed. The amount OF the
subscriptions totaIled over S.S0.0o0. The
new bonds are not convertible into stock
until June I, 1911. when the conversion
privilege will accrue for three years
SOUTHERN RAILWAY. - George ,.
Baker. tr.. has been elected director or
the Southern Railway, TO succeed the late
James T. Woodward.