New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-02-11
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreien houses
bought stocks on balance TO the extent OF
about 10000 shares. the heaviest purchases
being of United States Steel and Rock
Island.
BANKS SHOW GAIN IN CASH.-The
reported movements OF currency this week
indicate a gain in cash held by the banks
OF S,%5,WO, practically all OF TINS COMING 9l,t,
the interior 81 $4,000 and shipped into the
interior Sj,902,0 0O including S,5l2,CO national
bank notes sent 10 Washington for redemp-
ton. The gain from the interior was $5,'5l,-
go Receipts of new gold were s.. 10000
namely, on New York Assay Office cheeks
Sl,39S.0J0. on San Francisco Mint checks al
oOl0.0 and on Seattle Assay once checks
$1,000. Ordinary disbursements by the SUD
Treasury we've S226 600 Payments by the
banks to the Sub-Treasury for customs, IN
ternal revenue. per cent redemption Iuhu,
etc., amounted TO 2i9oZOO showing loss eS
on Sub-Treasury operations proper or "
c2l 900. The total gain from the INFERIOR col
and by new gold amounted 10 S,Ioo,VW
Deducting therefrom the loss on Sub-Tr
ury operations proper, the net gam ny lhe
banks was S,S45.0)o
GRAIN EXPORTS FOR THE WEEK.
Bradstreet's weekly statement Of the
worlds exports for the week, Win COM
PARSONS. figures in bushels. follows: Wheat.
flour included, 224.29l. against 23S. 40 last
week and 2,t0S.003 in this week last year
fiscal year, 754i4,277, contrasted with lgS.;el..-
GA at this time year ago. Corn. Z,Hl,sn
compared with 3,S6S,0l0 last week and l,l5S,-
COS i'm this week in 1910: fiscal year 25,I26,l5V
against l6,4c6, 731 in this period last year.
PRODUCE EXCHANGES NEW BU-
REAU.-Members of the New York Produce
Exchange will vote next wednesday on a
proposition TO establish bureau OF trade
and transportation. The principal object OF
II will be TO protect and advance the IN,
terests of the exchange and the general
business of the Port Of New YORK In con-
nection with freight rates and other ques-
tons affecting shippers.
COPPER TRADE CONDITlONS.-1n the
copper market quiet business Is pelnS
done at from 1914 70 1912 cents for thirty
days electrolytc. Lake is firm at 12S4 cents,
but sales at that price are not for distant
delivery \ continuance of the firm but
featureless condition of the market Is
looked for in the next few days. Exports
of copper for the week ended February 3
ruary Of SlS5 tons, compared with ill.,
7l3 tons In the same time last year.
IRON PRODCCTION.--Of the 100000
tons If pig iron produced in 1910. the United
steel concerns produced 100000 tons. The
balance was produced by merchant. fur-
mace companies This shows the tendency
toward elimination of merchant furnaces
Of late years as producers for finished steel
purposes. Until q few years ago the steer
companies Of the country were large buy,
ers of pig iron, but recently have expanded
their furnace production. and at present
are independent OF pI5 run supply
NATIONAL BISCUIT DIVIDEND IN
CREASED. The directors Of the National
Biscuit Company have declared quar-
terly dividend of IL. per cent on the COM
mon. an increase Of 4 OF 1 per cent quar-
terry, payable April H. 1t is estimated that
the annual report of the company, which
will be issued on March IL, Will show a
surplus available for common dividends or
s. S63 SIS, equal TO 9.75 per cent on the COM
mon. Joseph w. ogden has been elected
a director of the company To succeed the
late B. f. Crawford.
DIVIDENDS DECLARED. Dividends
have been declared az follows: The Cen
eral Electric Company regular quarterly
2 per cent payable April IS; the Rochester
Railway and Light Company, regular
quarterly IA per cent on the preferred
payable March /; the Grand Trunk Rail-
way Company, initial y of l per cent on
the preferred: the American Chicle Com
pany. regular monthly l per cent. payaole
February 20
MOBILE &, OHIO.-At a meeting of the
directors of the Mobile & Ohio Railroad r.
A. Taylor. formerly general manager. was
elected vice--president and general man
aver and 5. r. Prince former assistant
general counsel, was appointed general
counsel.
NEW COTTON EXCHANGE MEMBER.
Eugene r. Burnett. of New York, mas
been elected a member OF the New YORK
Cotton EYchauge