New-York tribune., 1912-04-17
TOPICS oF THE STREET.

FOREIGN TRADING.-Foreign houses
dealt in upward OF 5000 shares. about
evenly divided between sales and purchases.
METROPOLITAN STREET RAILWAY
BONDS.-The Guaranty Trust Company OF
New York. as trustee, announces that pur-
euant TO decree of the District Court OF
the United States for the Southern District
of New York. made April ~ last, in the
action brought for the foreclosure of the
mortgage securing the Metropolitan Street
Railway Company general and collateral
gst mortgage g per cent bonds it Will
bonds the sum Of $6S Is for each $1,000 OF
principal upon presentation Of the bonds for
proper Endorsement at the ONCE Of the
trustee, No % Nassau street, this city, on
or after TO-DAY. Registered bonds should
he accompanied by a written order signed
by the registered owner. directing payment
OF the amount distributable thereon. All
coupon bonds must be accompanied by cou-
pons payable February J, 1905 and ell sub
seCuent coupons.
COPPER SELLS AT 161s CENTS.-Sales
of copper for domestic delivery were made
yesterday at 16is cents a pound. electrolytc.
thirty days, which is the highest price the
metal has reached here. although copper
had sold abroad as high as 1914 cents IN
the upward swing. There Is sull some
electrolytic TO he had at l6 cents. and
until that is cleared UP the market cannot
be said to be generally on a l6is-cent basis
Demand for the moment Is very quiet, al
though July copper is freely onered. con-
chance OF immediate further advance and
are in no hurry TO cover for distant REQUIRE
ments. The market is, therefore. quiet but
firm.
NEW DIRECTORS OF FEDERAL
VTILITIES.-At a special melting Of the
board Of directors Of the Federal Utilities.
Incorporated Yesterday, Albert n. Wlgein:
president Of the Chase National BANK OF
New York and Charles II. Sabin, yice-presi-
dent of the Guaranty Trust Company or
New York. were elected directors OF the
company and members of the executive
board.
DIvIDENDs DECLARED, : Dividends Trts
have been declared as follows: The
Thompson-Starrett Company. regular semi
annual per cent on the preferred, payable
Nav II: the East ST. Louis and Suourbah
Company regular quarterly IL per cent on
the preferred, payable May ]: the Central
Railroad Of New Jersey, regular quartery
per cent, payable Nav l: the Central Trust
Company. extra . per cent, payaole l Aprl
psny, regular semi annual per cent, pay
able May IL.
STEEL oRDERs.-The Northern Pacific
has ordered 5000 tons Of standard steer
rails from the Penns ylvania Steel com,
panv The Passaic Steel Company VIII ron
/ 1M tons OF structural steel for the Phllips-
Jones Building The Chicago Norths
western has taken bids on 2Sp TONS or
bridge material and the Chicago Greadd
Western will soon close contracts for eoV)
tons Of bridge material
LARGE DEPOSITS OF WABASH
ONDS.-Winslow s Pierce, chairman OF
the Pierce Kuhn, Loeb & co Waoash re-
frndjng mortgage committee. states that
there have been actually deposited with me
committee approximately S4WW1 pa, vaIue Tue
~ tbe bonds. and that, additionally. pledges
have been given the committee OF IuItneI
deposits SUFFICIENT 70 constitute clea[,
majority Of the total outstanding issue OF
these bonds.
GOLD FXPORTS.-Goid coin - the
amount Of $3.50 000 will 5e shipped 20 bnenos
AVres Saturday by Goldman. Sachs g 70
making total engagements Tor Soutn AInsI
lea SO far this week S75OoN. since Jahuar..
! soI oo5 00O gold has been taken for export.
~ which 80 2o5 900 has been for the account
~ south America and sl2oNo.e0 for Paris.
NEyv YORK CONNECTING RAILROAp,
A. the annual meeting Of the New ork
Connecting Railroad Charles = MelIeH.
nrseident OF the New York. New HaNeh &
hartford and William Rockefeller VIZ VT
elected directors 10 succeed +. = 'ui"'
and n NJ Kochersperger. resigned.
MONEY FOR SAN FRANCISCo..-...Iah -Ihe ne
o,,L Traasurv transferred Yesterday 1Z20Wn
10 San Francisco for the account OF local
bC lis Ttis makes $4,000 transferred 10
otber cities in the current week
GOVERNMENT TRANSFERS GOLD,
IRE local ASSAY office is transferring, aoout
50 600 90 In gold bars 10 the lhilauelphl@
Mint. ,v A,
PATOPIIAs MINING -CoMPAN,Y,;,I,AAtt
.ho annual meeting OF the BAtopies nllhns
roronanv yares Warwick was elected ni-
rector. succeeding Judge Ho"lahn'