New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-13
TOPICS OF THE STREET.

FOREIGN TRADING Foreign houses
reported few orders i'm the local STOCK mar
ket for European account. on drbtrdge
trading less than 1,5oo shares were dealt III.
DIVIDENDS DECLARED. - Dividends
have been declared As follows: The west
PENNSYLVANIA Steel Company. IA per cent
on the common. the MonteZuma Lead COM
pany, regular semi-annual 312 per cent OF.
the preferred payable May 10. the Metro
palitan West Side Elevated Company OF
Chicago. regular quarterly three-quarters OF
per cent Oh the preferred, payaole June J.
the Barney & Smith Car Company. per
cent on the preferred. payable June l; Stern
Brothers. regular quarterly IA per cent on
the preferred payable June l, and the
American Iron and Steel Manufacturing
Company. special 2 per cent on the pre-
ferred and on the common, both payable
June l.
movements of currency this week indicate
a nominal gain by the banks Of $4,000 the
interesting feature Of this week being
smaller receipts Of funds from the interior
The banks received from the interior ST.
$4,000 and shipped into the interior sl0,55O. =
900. including $4,000 transferred through
, the Sub-Treasury to San Francisco and
s4.32S.0C0 national bank notes sent to Wash
lngton for redemption The gain from the
interior was $500. Receipts of new gold
were $l657, 000-namely. on New York Assay
office checks. $l.626,0oo. on San Francisco
Mint checks. $4,000. and on Seattle Assay
ONCE checks. $1,000. Ordinary disburse-
ments by the Sub-Treasury were s24, Alb 900.
Payments by the banks to the Sub-Treasury
for customs internal revenue. 5 per cent
redemption fund etc. amounted to s26,55S-
90, showing a loss on Sub-Treasury oper-
atoms proper Of s2.0S5G0o The total gain
from the interior and by new gold amount
ed IN S2.5120O0. Deductng therefrom the
loss on Sub-Trea sury operations proper. the
net gain b. the banks was only $4,000.
RUBBER PRICES STILL DROPPING
Rubber prices in all grades continue TO
decline. and the oest grades are now but a
little above the low level of the last year
Para grades ore reported here as selling
at 81 IL 10 81 ls and in London al 81 II.
year ago the same grades were selling
ot 50 90 70 8 a pound. The low price
/ for uPGiver me Tor me last two years
January Of this year Even at the low
price prevailing now. manufacturers show
no buying interest and declare that the
present movement of the market. together
with the failure Of the Brazilian valoriza-
ton plan. makes 81 ruhbcr a possibility Of
the near future
INTERNATIONAL & GREAT NORTH
ERN NOTES ALL SOLD-Redmond &
dorf, Williams & Co announce that appli-
cations from large institutions 10 purchase
The 81 91o,Oo0 international & Great North
ern Railway three-year per cent notes
have been so large that the entire amount
has been disposed Of. In consequence there
VIII be no public offering by the contract
ing firms The notes have been sold on
basis OF abou; 5ss per cent year.
INTERPOROUGH METROPOLITAN -
The preferred stock holders OF the Inter
quested to send in their stock for exchange
into the new voting trust certificates 4
large majority has already been exchanged
and II would greatly facilitate the conclu-
sion OF TINS matter II certificates were sent
IN as rapidly as possible. The old voting
trust certificates for the common stock
nave been stricken from the list of the
STOCK Exchange. and The new common
Young trust ceruncaies are now the only
OF the preferred stock has been exchanged
1t Is expected that the Stock Exchange
authoriues VIII take the same course with
respect % the preferred stock
EXPORTS OF CoPPER.-Exports Of
copper Ior the week ended May II amount
ed to ~ tons making from Nav a total
or lO'olO tons compared with 12l2l tons in
the same time last year
AUDIT COMPANY OF NEW YORK
Francis l. Hine, president OF the First
National Bank, has been elected a director
ana member OF the executive committee
or the Audit Company Of New York
GRAIN EXPORTS FOR THE WEEK.
Bradstreets" reports the exports of grain
for the week with comparisons. figures in
bushels. as follows: Wheat flour Included
5'l5i DOL against 1.sh,327 last week and
.,so3.ooo III TINS week last year fiscal year,
l04, $50. 1885, contrasted with u, Ol9 s4s In this
period IN 1910. Corn 569. 1913, compared with
275,o5s last week and 3l2,566 in this week a
year ago; hscal year 44s30977, contrasted
with 2o'sl2s2O in this period in 1910
NEW CONSOLIDATED EXCHANGE
MEMBERS.-John w. Casilear and F. L
Saliln nave been elected members OF the
Consolidated Stock Exchange.
GOLD FOR HAYTI-Gold coin 10 the
ttrifp drax
DAY from the local Sub-Treasury for ship
ment 20 Hayti