New-York tribune., 1912-02-17
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign house,
were not factors in the local stock ma
ket.
BANKS LOSE CASH. - The reported
movements of currency this week indlcato
loss In cash held by the banks ot aoV tpe
sl,oO1O0o The inflow of currency from ear ar,
interior was the smallest far TINS !sin1' si1
The banks received from the interiosre S5s
$4,000, and shipped into the interior so,~tss so,O.
0O including S,E6O0o national bank' "T THE
sent TO Washington for redemptooina, oia Re-
ceipts OF new gold were s1,1sl Oog; hsin5S 81 no
on New York assay Office checks 80 Sao
coo; on San Francisco mint cheeks 90 Sn
and on Seattle assay office checks, sol,yv.'
Gold exports amounted to s,sSS 900; namely; ma isai
N,733,000 gold bars to Paris and s2VCvv .on solu
coin to Porto Rico. Ordinary disDu Dsa SSo 100
ments by the Sub-Treasury were $780, l,,,sog
| Payments by the banks TO the SUD- reas %,
| ury for customs, internal revenue, per
cent redemption fund, ETC.. amogrneeu ,s,,rS ~
slS9S20oO. showing a loss on sup, Ieaau,I SUI
operations proper Of s37i3,oo. Tne ,0oa, ooid
gain from the interior and by new gola
amounted to s4,57s0O0. Deducting TINS IIoli
the loss By gold exports and on SUD rsas- as
ury operations proper, the met loss " '"e
banks was Sl,O9S,OO0
COPPER MARKET.-Exports OF copper
for the week ended February 10 were ~,
029 tons, making from February ], totai
exports of 1925 tons. There is gooa ~ ue.
nand for copper from abroad, altnouSn tne
domestic market remains quiet. Electroytic
| is still about l43s cents, delivered tnity
days but II looks az though the United
Metals Selling Company and Phelps dodge,
which have been holding at lii2 cents Tor
about five weeks, would realize their price
Sellers report the market very firm
PHILADELPHIA COMPANY.-While the
| Philadelphia Company has authorized an ls-
| sue of $2j,O0O,0O0 of preferred stock, IL ~
not proposed to put out any OF this STOCK
at present, excepting such an amount as
! Is needed I'm exchange for the S5,O0o,OO pre-
| ferred stock now outstanding, and also SlO,-
| CC0OGO will be set aside for the conversion
| Of the $lO,O00,0O0 OF convertible debentures.
| The balance OF $9,OOO,OOo Will remain unls-
! sued and Will be reserved for tuture cor
/ porate requirements.
| w. f. COREY A DIRECTOR.-William
| II. Corey. formerly president of the United
| States Steel Corporation, has Deen elected
! a director Of the International Smeltlng
and Refining Company, succeeding AdoIph
| Lewisohn.
| GRAIN EXPORTS FOR THE WEEK.
| "Bradstreet's' reports the exports OF grain
| foT the week, with comparisons, hgures IN
! bushels, as follows: Wheat, flour included.
/ 2,299 1877, against 3Sl6,45S last week, and
! > l0 92l in ;hs week last year. for the fiscal
! year to date. l6.7S0662, compared with IT,
625,l9s IN the corresponding time IN 1911:
] Corn, l.532, ,566, contrasted with l4S2,0f8 last
/ week and 202S, 1873 in this week a year ago;
for the fiscal year to date, 20 ,93S, against
27l54,328 in tho corresponding time in 1911.
suLzBERGER & SONS COMPANY
| BONDS. S.-IIallgarten & Co. and William
Solomon & Co. have purchased from the
| Sulzberger & Sons Company new issue of
S5,000.00D per cent sinking fund gold
debentures. due June l. 1916, and announce
that the entire amount has been resold.
! GENERAL CHEMICAL COMPANY.-At
the annual meeting Of the stockholders of
the Gcreral Chemical Company the board
| OF directors was increased from thirteen TO
seventeen. and the following new members
were elected: c. w. Nichols, Lancaster
Morgan, Henry Wigglewurth and ]. w.
Goethius. w. II. Nichols was elected a
vice president. making four Vce-presidents
I'm all. Retiring officers were reelected
APPLICATION TO Application
has been made 10 list on the New York
Stock Exchange sS1S.0O0 additional refund
ing and extension mortgage per cent
bonds of the Laclede Gas Light Company,
due 1894 Also Sl5OO,OO0 additional general
Az per cent bonds of the Chesapeake &
Ohio Railway Company. due 1892.
| PENNSYLVANIA TEXTILE COMPANY.
The Pennsylvania Textile Company an
nounces an Issue OF $4,000 per cent
thirty year sinking fund bonds.
COTTON EXCHANGE-John ]. Ryan, of
Troy, y. Y, and Henry de la Carpenter, OF
New York. have been elected to member
ship I'm the Cotton Exchange. The Cotton
Exchange membership of Casimir Tag has
been purchased by X. S. Castles for another
for $500 This Is $1,000 more than the pre-
vious sale.