New-York tribune., 1911-01-20
TOPICS OF THE STREET.

FOREIGN TRADTNG.--fOreign houses
dealt in upward Of 1000 shares in the local
stock market, the larger part OF the OuSl-
ness being on the selling side. The only
purchases for foreign account were IN
Southern Pacific.
COPPER PRICES FIRMER.-An advance
of &c a pound in the price Of electrolyuc
copper. thirty days, was reported yeSteI-
day. The American Metal Company and
the American Smelling Refining quoteu
l25sc, while Phelps-Dodge raised their ask
ing price TO l2a4c The buying movement;
which began abroad In the latter part OF
last week when the metal was selling as
low as l2asc, cash New York. and was later
reflected in this country, Is estmated -, 10
have cleaned up from io'oDVOV) TO bVuV'Vvy
pounds. counting both foreign and domestic
purchases. The United Metals Selling COM
pany is understood 10 be stil quotlhS
nOminally a BE, but 10 have disposed OF
considerable of the metal at quotations
running down to l2i2c a pound. Export de-
liveres for the month 10 date have been
heavy and with "A continuation OF tue
present domestic demand the January
statistical showing should be satisfactory
IRON BARS PRICES LOWER.-Com-
mon iron bars are now being sold quite
freely i'm the Pittsburg and Chicago dlS-
tricts at 81 p, PittSburg. This Is s a Ton
below the official price. This Is a less slsll-
ficant reduction, however. than I'm the case
Of steel bars or other steel products, OWING
to the wider range of quality. Prices Tor
other products are being maintained fairy
well. except by some OF the sInaII lttGC-
pendent manufacturers, who are quoting
81 TO s. lower, particularly in the chicago
district.
COFFEE EXCHANGE ELECTION.--The
annual election Of officers OF the Cofee
Exchange of the city of New York resulted
i'm the election Of the following regular
ticket: President, Henry Schaffer; vice
president. Henry ID. Turner: treasurer;
James II. Taylor; members Of the board
Of managers 1.-TWO EearSl, Alex {. +; ,,,st Won
Gontard, George W. Lawrence August
SchierenLerg, William Bayne, jr, stephen
II. Dorr and Walter Murphy.
DIVIDENDS DECLARED. - Dividends
have been declared as follows: Ihe Gam
bria Steel Company regular qudrierlF -
per cent. the Corn Exchange Bank, reeu'
! lar quarterly ( per cent payable FEBRUARY
/ ]: the Amdgamatcd copper company. reg
! uIar quarterly % cents. payable February
/ q. the Boston and Montana Consolidated
/ Copper and Silver Mining company reSu-
( lar quarterly s. ard the usual extra s.
NEN, OMAHA OFFTCERS.-R. II. Will
! Jams has resigned AS treasurer and assist
ant secrstary of the Chicago, St. Paul,
/ Minneapolis & omaha Railway Company
and NJ b. Van Xandt has been elected
! treasurer and assistant secretary 10 sue
ceed him A. II. Pierce has been elected as
| .istaut treasurer and assistant secretary
| to succeed Mr.. Van Iandt
/ NEW COTTON EXCHANGE MEM
RERS-The Cotton Exchange reports the
: election of the following new uleIHutIs
Frank H. Barrett, OF Augusta Ga; Gus
/ iavr Rcinhart. Of Havre, France; Theodore
! Cramp. of Philadelphia, and Albert >
/ Ranlett OF New York.
! AMERICAN SMELLING LISTED IN
/ LONDON.-The American Smelling and
/ Refining Company has received official no.
/ tidCation from London that the common
/ stock of the company has Oeen listed on the
/ London Stock Exchange
/ FINANCE FORUM.-Otto H. Kahn. Of
+ Kuhn. Loeb a Co. will deliver au address
/ on Edward Henry Hartman and Pau
/ H. Cravath on Misconceptions About High
/ Finance" before the Finance Forum, West
Sidc Young Mems Christian Association
/ No. 2IS West 18th street. on "Wednesday
/ evening. January -, at 5 o'clock.
COTTON EXCHANGE SEAT SOLD
/ The Cotton Exchange seat uf Il. NJ. White
| has been old 20 J. D. Muuds for Sl4,S00, an
! advance of 800 over the last preceding sale
! DELAWARE X HUDSON BONDS
! Kuhn. Loeb 4 60. and the First National
/ Rank have sold the 100000 Delaware 4
/ Hudsou first and refuudUg mortgage 4 pei
( cent gold bonds purchased 10y them few
/ DAYS ago.