New-York tribune., 1911-12-23
TOPICS OF THE STREET.

| FOREIGN TRADING.-Forelgn nouss
dealt in 5000 shares in the local stock mar mar.
, ket chiefly sales Of Amalgamated CoPp'I (;
| Light purchases Of United States steer
| were reported
BANKS GAIN CASH.-The reported
movements OF currency this week lnolca,t.
a gain In cash held by the banks OF about
| 81. 10000 due to a still fairly large lIDow
| from the interior. The banks received lrOHl
the interior $50 10000. and shipped lnto W
| interior Sl09H 600. including N,4i9.OU IA
| tionaI bank notes sent 10 Washington for
redemption. The gain from the interior W. maS
$4,000 Receipts OF new goio were Fs-',o Fs9-,
CO., namely. on New York Assay once Onii
checks 1876, 900 on San Francisco MINI
checks 5000. and on Seattle Assay once
checks $4,000 Ordinary disbursements py
the Sub-Treasury were SN fo9,OOJ ray =
ments by the banks 10 the Sub-Treasury
amounted TO s1S9s3.00O. showing a loss %, on
Sub-Treasury operations proper or Slolf,VO
The total gain from the interior ana Dy
new gold was 1891 90 Deductlng I Inete-
| from the loss on Sub-Treasury operations
proper the net gain by the banks was w.
! AZ 900
DIVIDENDS DECLARED. - Dividends
| have been declared as follows: The Maine
Central Railroad regular quarterly ~ ~,
payable January J. The City Investing
| Company regular quarterly lA per cent on
! the preferred, payable January :. The Lone
Island Loan and Trust Company quarterly
| 3 per cent payable January >. The Mort
gage Bond Company regular quarterly l52
| per cent, payable December 30. The West
| Side Bank regular semi-annual per cent,
payable January q The National Butchers
and Drovers' Bank regular semi-annual 3
per cent, payable January >. The People
/ Bank regular semi-aunual per cent, pay
able January 2 The New York County
| National Bank regular semi-annual % per
cent payable January 2. The First Ma
! tional Bank Of Brooklyn regular quarterly
| 2 per cent and an extra per cent payable
January 2. The Equitable Trust Company
regular quarterly per cent. payable De-
cember 30 The United States Mortgage and
Trust Company per cent, payable Decem-
ber %. The Corn Products Refining Com
pany regular quarterly ] per cent on the
| preferred.
| RULING OK AMERICAN TOBACCO
( On and after January 10 all trades made In
/ American Tobacco common. old stock, on
the New York Stock Exchange, except
| for cash on the last day, will be for eX-
warrants. The Stock Exchange listing com
| plttee has ruled that all trades I'm the old
! American Tobacco stock made on ana
| after this date and prior TO the delivery
! Of the new securities should be accom-
| panied by one order for the subsidiary
companies and also the warrant TO pur,
| chase the common stock of the liBgett q
! Myers Company and F. Lorillard Company,
! regardless Of how many stock certlhcateS
! in the same name are delivered together TO
make up the lot sold.
STEEL MARKET steel trade does
not expect a resumption Of buying on a
| large scale until after the holidays. How
! ever incoming business shows a smaller
! falling off than in any holiday period in
several years, which il regarded as encour-
aging. There has been some good buying
on the theory that the first of the year
VIII witness the beginning or series or
advances in certain steel products Prices
! for plates, bars and wire are firm, with no
| inclination on the part Of manufacturers
| TO make concessions.
| JULIUS KRUTTSCHNTTT 4 DIRECTOR
! Julius Kruttschnitt, director of mainten-
ance and operation of the Union Pacific and
| Pacific hppp elected
! a director Of the United States Mortgage
and Trust Company TO fill a vacancy.
BUTTE COALITION.-The Butte Coali-
! tion Mining Company reports as of Dccem-
| Der 90 1911, assets as follows: Book value
| q capital stock of the Anaconda copper
| Mining Company. $4,000 shares, al,O9i 926;
office furniture and fixtures, $1,000; sundry
debtors. $3.50. probable dividend on Ana
| Ccnda Copper Mining Company stock. pay
! able about January II, 1912, $260000; cash,
81, $50, ,S37 total, Sl5,5l2,002 Liabilities: Capt.
! tai stock Sl50O0,000; sundry creditors. 81 &39;
! profit and loss surplus, S5lO,762 total, Sl5,-
5l2Oo2.
| GRAIN EXPORTS FOR THE WEEK
! "Bradstreets" reports the exports of grain
! for the week. with comparisons, figures In
! bushels, as follows; Wheat, flour included;
! 4.59O,sOl against 3.i57733 last week and
! 2729.Si7 In this week last year, for the fiscal
| year TO date Sl,Sli.557 compared with 5s,-
! S500oi i'm the corresponding period in 1910
| Corn 651. .6l3, contrasted with 39O,657 last
week and OBS $50 I'm this week year ago;
for the fiscal year TO date. -, 255 633, against
| $685., $50 in the corresponding time in 1910.
NEW FIDELITY AND CASUALTY d.
| IRECTORS.-Lewis l.. Clarke president OF
| the American Exchange National Bank. and
! John Sherman Hoyt have been elected d.
| rectors of the Fidelity and Casualty Com
| pany to fll the vacancies caused by the
deaths of Henry f.. Pierrepont and Alfred
| W. Hoyt.
| PAY-AS-YOU ENTER CAR CORPORA
| TION.-The Pay-As- You Enter Car Corpo-
ration has declared the regular quarterly
dividend of "a per cent on the preferred
stock. payable January 10 The Interna-
| Incorporated I'm Canada. with offices i'm Lon
don. This company has acquired the Eu-
rOpean patents and will henceforth issue
| the licenses for the use Of the P-A-1-b
| car I'm Europe
! EXPORTS OF COPPER.-EXports Of cop
per for the week ended December q were
| 951l, tons. making from December ] total
| of q 1855 tons. compared with 23,22i tons In
! the same time last year.