New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-01-24
TOPICS OF THE STREET.

FOREIGN TRADING.-Foregn houses
were not active in the local stock market
selling upward of 5000 shares on balance
CURRENCY MOVEMENT IN 1910
Movements OF currency into and out OF
New York banks in 1910 resulted in the
small gain by the banks Of $,6I6Vo, Whlch
compares with gain, as reported by ne
Clearing House, of $9ll7,3O. In the preced,
ing year "A loss OF $39 449, 700 was reported
and in 1908 the banks gained $l2l. SO, 400.
Gold exports last year amounted 10 $d5l ]V',
600, over $35,000o00 OF which was shipped
I'm April and the rest i'm January and feo-
ruary. Imports Of gold, which were one
OF the prominent features OF the year
were Sl3,3i0009 from London and S3sOVO
from Mexico. The gain by the banks as d
result OF the receipts of new gold and the
imports of the metal, less the exports,
amounted to $4,000. The banks lost
61,5l6,000 on Sub-Treasury operations
which compares with loss in 1903 OF ST.
O52. 90 and in 1893 Of $9,0l2, 500. Receipts
from the interior We're the largest In the
history OF the banks, totalling Ay',@Zgp'
Shipments TO the interior amounted TO S5yo-
400 900, as compared with SI5,oJO,2cc III 1913
COPPER MARKET.-The United Metals
Settings reduction 10 1872 cents a pound
last week switched the bulk OF inquiry Tor
coppc' in the direction OF the largest
agency. Other sellers report the demand
very quiet. The United's price makes IL
impossible for the market to hold its re
coVery OF last week TO q l25s cents basis,
and the price will be likely TO remain at
present level until the United has materi,
ally reduced the stocks which accumulated
in the long period when its asking price
was Is cents a pound. one OF the largest
agencies is out of the market for denver
before April, and il is estimated that the
buying movement Of the last ten days has
taken care of about 100000 pounds or the
metal Demand from the other side con-
tinues good and firmness in the standard
warrant market steadied the market mere
which. for time. showed weakness.
ILLINOIS CENTRAL BONDS.-The 81.
10000 per cent refunding bonds just sold
by the Illinois Central TO Kuhn, Loeb q
Co. are part Of an authorized issue OF $40,
900 900. Of which S20O00.Oc were outStand-
ing June 90. 1910. OF the remainder, SOL
900 are reserved for refunding Sl0,UnVW
are available upon acquisition of the IN
danapoliS Southern, and the balance may
be issued for general corporate purposes.
The bonds are due November /. 1853.
DETROIT TOLEDO * IRONTON.-The
Detroit, Toledo * Ironton nOteholders com
mttee. OF which Joseph Ramsey, tr., IS
chairman, has S374lO00 of notes deposited
The holders of over 100000 OF these de-
posted notes have already asserted to the
recent plan. under which the Ann Arbor
Railroad Company stock and consolidated
bonds Of the Detroit, Toledo q lronton
Railway were bid in.
SATISFACTORY BONDS.-A compre-
hensive pamphlet, entitled THE Most sat
isfactory Bonds" has lust been published
by ~ ". Halsey x Co. of New York.
treating Of the investment merits of puO.
lie service corporation bonds. The PAM
phlet discusses the reasons for the gradu-
ally increasing popularity OF these bonds
I'm the last fifteen years and the results
obtained by investors in that period.