New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-12-05
---------N- CHARTERED 1903
Union Trust Co. of New York
30 nHOADwAY. FIN Ave. and 2s,s s.
Capital & Surplus, $8,900,0OoI
Allows Interest on Deposits
TOPICS OF THE STREET.
~ T. "a % clock ~ The
EXCHANGE SALESROOM

FOREIGN TRADING -Foreign house,
bought upward of 10000 shares IN the local
stock market
DIVIDENDS DECLARED.-.Di DIVIDENDS
have been declared AS follows: The Inter
national Silver Company, regular quarterly
r.. per cent on the preferred, and ore.
fourth OF ! per cent on account OF accumr.
lated preferred dividends, both payabls
January ?: the Union Carbide Company,
regular quarterly . per cent payable Jan.
uary 2; the Diamond Rubber C0mpary.
regular quarterly 3ia per cent, payable Jan.
uarv >. the Copper Range Consolidate
Company, quarterly 30 cents, a reduction q
% cents from the last preceding payment.
and the Chicago. Rock Island 4 Pacife
Railway Company regular quarterly l per
cent. payable December %. Interconh.
mental Rubber COMPANY, regular 1usrterb
ia per cent on the preferred, payable De.
cember 20. and the williamsburg SAVINGS
Bank. per cent for six months ended De.
cember 81.
STEEL PRICES FIRMER.-The steel
market is irmer. with certain manufact.
urers asking an advance Of 81 a ton above
the recent minimum quotation for plates
and structural steel For some time past
steel plates and structural have been quoted
AT 81 10 a 100 pounds. me general impress
sion is that bottom has been reached and
that the tendency Of steel prices will ts
inward from now on. However, no pro-
nounced advance is expected, as the pro.
ducers do not wish 10 disturb present con-
sumption. which is satisfactory.
FOREIGN COPPER STATISTICS.-For
eign demand for copper is reflected IN The
increase I'm copper afioat of 20 tons and
the decrease in foreign stock Of L@O tons,
AS shown by the foreign stausucs for the
last half of November Since the FIRST Of
February 1910. when copper abroad reached
its greatest totals, the foreign visible sup
ply has decreased approximately l&e0W
pounds and foreign stocks about lNmM
pounds.
THOMPSON-STARRETT.-A AT the annual
meeting Of the ThOmpson-Starrett Com
pany +. l. Marston was elected director
to succeed W. : DinWiddie and Robert
ELEPHANT 10 succeed Charles j. Freeman.
other directors were reelected.
BANK CLEARINGS FOR NOVEMBER
Total bank exchanges for November a. all
leading cities of the United States, Accord
ing TO the statement compiled by X. q.
Dun 81 Co. for "Duns Review which IN
cludes returns from liz centres, aggregate
Sl3, 9i2, 979 636 an increase OF 81 per cent,
as compared with the same month last
year, but loss Of So per cent as compared
with the corresponding month IN 1909. NJ
New York there is gain OF 3$ per cent
over last year, which Is a notably better
showing than was made by the preceding
month, and while the increase IS 10 soma
extent due 10 more active stock market
operations, IL also reflects expansion IN reg
ular business operations.
FEDERAL UTILITIES COMPANY
Tho directors OF the Federal Utilities Inc.
have elected Russell Armstrong first vice.
president and "A member of the executive
committee Mr.. Armstrong was for MANY
years with Harvey Fisk * Son. and more
recently a vice-president Of the Electric
Bond and Share Company.
FRISCO SELLS BONDS.-Speyer & 60.
have bought from the st. Louis = san
Francisco Railroad Company S2.553QO gem
eral lien 15-20-year > per cent bonds due
May 1, 1927
COPPER RANGE DIVIDEND RE.
DUCFD The Copper Range Consolidate
Company has declared quarterly dividend
% 50 cents a share, comparing with - cents
declared three months ago. The first tNC
quarterly payments this year were 81 2
share each, and the other two were q
cents a share each. The reduction now
ordered has been expected. ......