New-York tribune., 1912-03-13
TOPICS OF THE STREET.

FOREIGN TRADING.-Transsctio for
foreign account IN the local stock market
did not exceed 5000 shares. about evenly
divided between sales and purchases.
COPPER MARKET.-Untn the British
coal strike situation clears the copper mar
ket is likely to remain more or less or
nominal affair and the sellers VIII De saus-
fed TO see the metal maintain its preseht
price of l+% for thirty days electroiytic
There is plenty OF business 10 be done, but
pications abroad. There is little copper
about for this months delivery and Phelps,
Dodge & Co. are well sold 10 the first Of
May along with the American Smelling and
Refining Company. In the event OF lack oil
pressure TO sell the market seems likely 10
maintain its present level.
DIVIDENDS DECLARED. 80 Dividends
have been declared as follows: The New
York Central regular quarterly lis per cent
payable April IS; the National Lcorlce
Company, regular quarterly ~ per cent on
the preferred. payable March 81; the Royal
Baking Powder Company, regular quarterly
1h per cent on the preferred. payable
March 20: the United Fruit COMPANY. regu-
lar quarterly per cent the MPe bag sSs CT TIr-
ginia- Carolina Chemical Company regular
Quarterly per cent on the preferred, pay
able April IS; the New York Edison Com
hSe PshyM March fssR'df IL the Steel and
Iron Company, regular quarterly l& per
cent on the preferred. payable April !. ana
the Brier Hill steel company, ihitIdi puaii
terry 1% per cent on the preferred' payapie
April J.
GOLD EXPORTS.-The National City
Bank has engaged $4,000 gold coin for
shipment to the Argentina on March ~, IN
addition to the $4,000 taken by tnat lnst-
tuition last week Heidelbach, Ickelheimer
e. Co. will ship 10000 gold TO the same
point on the same day. This makes total
Of 1898 900 engaged for export since Janu-
airy /, OF which sl2O00,000 represents the
Paris demand. and S7S75,oo0 that for South
America.
BAR SILVER MARKET.--The strength
in the market for bar silver Is attributed 10
the new financing in the interest OF emma
reform government. Sales OF the metal
have been made at Bombay for the account
OF China in large volume In the last ten
days, and the fact that some loans have
been made under joint internauonai
auspices TO China encourages the Idea that
Improvement in business In the new repub-
lie soon will develop.
FIRST NATIONAL BANK.-The First
National Bank has declared the regular
Quarterly dividend Of per cent. 4 dividend
of 3 per cent, making 10 per cent In all: mas
been declared out OF profit from the First
Securities Company. In December lsIl, Ihe
First National Bank declared regular
quarterly dividend of per cent ana an
extra dividend Of 10 per cent
THE HOLDING CORPORATION.-At n
special meeting Of the Holding Corporation
An increase in the preferred stock from
sofO. 600 TO $4,000 was authorized. The com
pany has declared the regular quarterly
dividends of Ia per cent on the preferred
and an extra dividend OF ~ per cent.
CHESAPEAKE e. OHIO NOTEs.-Kuhn
Loeb e. Co. and the National City Bank
have purchased from the Chesapeake q
Ohio Railway S,5OO,oo 4R per cent golo
mart of an authorized issue OF s25Ooo,o 900. OF
which SIG 900 90 already has been sold.