New-York tribune., 1911-02-03
TOPICS OF THE STREET.

FOREIGN TRADING - Foreign house
dealt in upward Of 1850 shares m the local
stock market. Sales and purchases were
about evenly divided.
METAL. STATISTICS.-Th 1911 edition
of Metal Statistics" published by The
, American Metal Market and Daily Iron ana
steel Report. contains larger and better
selection Of statistical information relating
to rhe metal and iron and steel trades than
any OF tho precedino issues. the ngures
are presented in such a clear ana concise
form that i provides Convenient ana mo
complete reference WORK. II gives al the
important statistics covering the produc.
ton, consumption and price movements OF
an metal and iron and steel products Tor 2
series Of years, ana II SHOWS tnat unus .L Gni "a
care has been taken by the editors IN IN,
cluda only such figures "a have been prov 81
trustworthy.
AMERICAN SMELLING AND REIN.
TNG.-The Stock Exchange has adnltteu
10 the list American Smelling ana kenntfs
company full paid subscription receipts TOT
American Shelters Securities Company p
ner cent debentures. The first sale on the
exchange was 800 at l0l. an advance or
y over tho closing price on the curo on
Wednesday. The subscription receipts, frst
irstaIIuosnt % per cent paid. nave been
stricken from the list. The $l5V"o' Amel-
lean Shelters Securities COMPANY y per
cont convertible debentures, for Wnicn SUD
scrintious by the shareholders OF the Amer =
ican smelling and Refining Company closed
Yesterday We're almost entirely supscrIue,p
for. The small amount i'ildlIIl"- '"' O.
ready been disposed OF.
Gt-ANAJt-ATO MINES AND REDUC,,
TIO\ COMPANY.-Thc annual report OF
tba 1,uanaiuato Reduction and Mines com
many for the year 1910. which VIII oe sup
nitied 10 the stockholders meeting 10 De
LolJ February = shows that after paying
Ill expenses. including 5 per cent on itS OUT
standing bond issue Of E.Snpe. the coIu-
nanv earned a surplus Of $3.50. opera
toms for the year were Connned latSeS -
the company's low grade dump orr,
Witch ft has a large supply. Inc amount
~ ore milled averaged 1900 tons a month
Tho recoyeries We're the best IN the com,
uany's history both from the silver An. II,G
ayoid hearing ores. Milling ana cyanlulie
99otts showed a marked reduction. ana the
total cost a ton was lower than ior an!
previous year ,,,
rANT-ARY BANK CLEARINGS. .-banK
exchanges in the month or January al a.
I-n5ins cities in the United states, ACCORD
,,c ~ the statement compiled by X: u.
MN {. CO. which includes returns 81 ~ sSI U'"
ia important centres, agSreSateu Slf,o'o,.S,, Slf,o,.,,,
az a decrease OF l5S per cent as compare
I,itb the corresponding month year as
,,t a pain OF 27 per cent over tne sdlie
'Nrtb in 1909 While this Is very pro-
uounced decline from the nsuleS -. >au,
,-sar most OF the loss - proFiueu ~ -"
\.orit civ anl "A Few other large cities, t.e
INNS from the majority OF those report
ING heing fairly satisfactory; moreover @ @I.e
,nInme Of bank clearings IN January IFlV'
were at about the highest p''"' e'e'
corded. r,.,,.,s
DTyIpENDs DECLARED. -.niyidends
~. hosn declared as follows: The Port
iard RAILWAY Light and Power COMPANY ,
10, l1i,.'.,ariV 81 payable March !; the United
Et1ar Manufacturers Company, regular
1,'7rt,rIv r., per cent on the preferred pay .
,bin March /: the Inland Steel COMPANY, y,
~trular quarterly - per cent, pa! aS,e
IfercT I and an extra per cent paNaole
Nav !: Stern Brothers, initial per cent
ravable March J.
cTOFk EXCHANGE SEATS lilGHl-R.
T.Sa stock EXCHANGE membership OF rdnh
"a calm has been posted Tor trdhsteI ~
tS,,,ian, y Pollock Tor a consideration OF
so ro0 against $4,000. the price at N"'N'
the last preceding S2l" was HlaUc' -
AMERICAN STEEL FOCNDRlkS.- ! ne
N.NII.in StseI Fourdries Company re-
IN, .i',.,, for tie dIe months ended D"cemner
:, iqlp net earnings OF 5000. total IN.
I C,,,a ~ $50 gq6 and surplus atter hteIsSl
c6.rees. sinking fund and depreciation
/ charges of S25j.73.
/ CI.BAN BOND OFFERING.-Speyer 4
| 90. win offer tomorrow IN IN Ne" Ne, lol IN, n
! I ordon and Amsterdam S.GoJOp ~ per
rsrf cold bonds Of the Republic OF CUBA
/ This is the last instalment OF the el''V1Vt
| bought by tie trm IN i'H
| AMERICAN STRAW BOARD REPORT
! 'Tbs American straw Board company re
! rorts FOR the year ended December 81, lslp
! Gross earnings. &,4,1: net earnings, $50
/ ~ and surplus, biteT ueuuV''Vh VI I"'V'
/ est charges. x3j. 80
COTTON EXCHANGE HOLIDAY.-The
/ Cotton Exchange has voted TO close OF
the SATURDAY. before Llncoln's Birthday.
! NEW FIRM notwithstanding Rudd
/ dire,for OF the Finance Forum. has becom.
! Sssociatpd with the banking house oi
Rhoaaes & CO.. no. % Wall street.