New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-05
TOPICS OF THE STREET.

FOREIGN TRADING. - Foreign houses
dealt In upward Of 1900 shares IN the ioca
stock market. transactions Deins aDou
evenly divided between sales and pur
! chases.
BANKS LOSE CASH. - The. reported
| movements of currency this week indicate
loss in cash held by the banks OF sy0ovD
The banks are still gaining from the IN
| terror, but they continue TO report losses &c
the Sub-Treasury. The banks receivec
from the Interior s12.4ss,Ooo and shipped int
the interior s10.40i,000. including $3.50 COLO
! coin sent 10 Canada and $4,000 national
bank notes sent to Washington for redemp-
tion. The gain from the interior was W.
$4,000. Receipts OF new gold were 2,V5I;ov
namely. on New York Assay once cneck CT.
SOL. 900; San Francisco Mint checks. $llGl.-
Ooo and on Seattle Assay Office checks
t2s5.OoO Ordinary disbursements by the
Srb-Treasury were sl2.92l,CG. Payments by
tho banks TO the Sub-Treasury for customs,
fund. etc.. amounted to sl7.s7.ooo. showing
loss on Sub-Treasury operations OF So.-
c55.000 Deducting from the loss on SUD
Treasury operations proper or so,Voe,oW ne
gains from the Interior and by new goin'
the net loss by tho banks was ss5o,Uo
LONDON UNDERGROUND BONDS
The Underground Electric Railways Com-
pany Of London. Ltd. has drawn Tor re-
demptlon on January Is. 1912. at par and &C
per cent bonds of 1888. Arrangements nave
also been made for redemption on the same
date Of f220,0 900 additional or the same oonds'
which. in accordance with the trust aeea'
have been bought in the open market ne
low par. The total amount or AZ per cent
bonds OF 1893 10 be redeemed on the apove
date is, therefore. n.0S7o out OF an out
standing issue or f2SlS.IVc. IhcSe DohuS
were issued in 1903
The price OF the AL per cent bonds during
the last seven months has advanced from
% TO 9ji5 (New York price,. on improve
ment in operation OF subsidiary companies.
redemption of the entire issue OF . per cent
prior lien bonds in advance Of maturity
and reilnanclng OF the company power
house investment. The income bonds have
risen In the last seven months from 5iHa 10
SO (New York price,.
TO APPEAL RATE DECISION. Thorn
SON Towle e. Co. say: 1T Is learned from
an authoritative source that the railroads
concerned I'm the rate decision recently
handed down by the Interstate Commerce
Commission have decided to appeal 70
the Interstate Commerce Court. In fact
n has been decided 10 fight the case
through TO a finish. and II the findings or
verse. the case will be carried TO the SUI
preme Court of the United States
DIVIDENDS DECLARED. - Dividends
have been declared as follows: The Ameri
~ per cent on the preferred payable Au-
gust Is and regular quarterly . per cent
on the common PAYABLE September ~; the
Federal Light and Traction Company. regu-
payable September /.
EXPORTS OF COPPER. - Exports Of
copper for the week ended August were
6,73i tons. since August shipments have
been 1914 tons, against 1885 tons In the
same time last year.
GOLD FOR CANADA.-Gold coin 10 the
amount Of $500 ono was withdrawn from the
Sub-Treasury Yesterday for shipment 10
Montreal Total on the current movement
100000
NEW COTTON EXCHANGE MEM
BERS. Robert J. Johnson and John w:
Jay, OF New York: Emmet c. Morrow OF
GAINESVILLE Tenn, and John 6. Wilson. OF
San Francisco. have been elected members
If the local Cotton Exchange.
GENERAL MOTORS COMPANY. 80 The
Stock Exchange has admitted TO the list
s12,311,3O0 preferred stock voting trust GER
tificates and common stock voting trust
certificates OF the General Motors Com
pany.
CORN PRODUCTS BONDS.-The Corn
Products Refining Company has sold to
Speyer e Co, A,00 900 first mortgage sink
ing fund per cent bonds. issued for eX-
tensions and Improvements 10 the com
pany's new plant at Argo. near Chicago