New-York tribune., 1912-01-17
TOPICS OF THE STREET.

TOREIGN TRADING Foreign houses
we're not active factors in the local STOCK
market Ipward Of 1000 shares were GEAR
N on arbitrage account, chiefly on the ouy-
hE side.
DTyIDENDS DECLARED. - Dividends
have been declared as follows: The }. Is.
B3u Company regular quarterly "a PEI
cent on the preferred. payable FebruaIE J..
The MonOngahela River Coal ana Coke
Company 81 on the preferred from the earn
IngS for the year ended October 81, payable
January 2J The Siegel Stores Corporation
regular quarterly ia per cent on the pre-
ferred. payable February J. Inc CohSolluat
ton Coal Company regular quarterly ~
per cent, and IL per cent on the subscTlp-
ion receipts for stock carrying DIVIDENDS
declared after January 81, 1911, Doth pay
able January 81.
COPPER PRICES.-The United Metals
Selling American Smelling and Rennlng
ana most Of the important agencies are
quoting l4ikc for copper electrOlytic thirty
days, though IL is admitted that there is
almost no buying Small lots are to be
! had on l42sc basis. Phelps, Dodge q 70.
are temporarily out Of the market. Decline
n London OF approximately z JOS, from
the years high point has held back con-
suners here and little Is 20 be expected
Until the standard warrants market ABROAD
euiets down. Decrease in stocks ABROAD OF
about 800 tons for the first two weeks OF the
new year is a strong statement in view OF
me recent heavy exports, which II was
thought might mean some further aCcumU-
hton Of surplus copper on the other side
NEW YORK CENTRAIIS OFFER FOR
HARLEM STOCK-The New York Central
Hudson River Railroad Company pur-
ssaht tc authority given by the Public Ser
wee Commission Of the State Of New YORK,
eHers 10 purchase the stock Of the New
iork & Harlem Railroad Company AZ
Al5 for each share Of the par value OF
~ Stock properly endorsed for transfer
nav be delivered 20 the fiscal agents of the
company, j. =. Morgan & Co, who upon
soen delivery will make payment therefor.
DEPOSITS OF WABASH BONDS.-The
Equitable Trust Company interests state
,nst sufficient Wabash refunding and eK-
lensl0n per cent bonds have been de-
gosited with the Pierce protective commit
see 70 insure to ii the control OF the reor-
sdhlzation OF the Wabash although IL is
sot asserted that the committee has secured
majority Of the outstanding bonds.
INTERNATIONAL HARVESTER.-Sub-
scnpuonS have been received for the entire
s.so ss1s o. w 10000 three year 5 per cent In
sssha.lOnal harvester notes. The allotment
vas 100000 TO Chicago and $500. 600 TO
New YORK. J. + Morgan d Co. took sub
ssstipuons AZ 1904, and u Is understood that
'ns Issue was heavily oversubscribed.
oSTEEL CORPORATION INCREASING
oPBRATiONS.-The United States Steel
corporation is putting into blast two flIr-
nnaoes mat have been idle for some time.
11he Oh these Is located al McKeesport.
\ ann: ana one at Lorain, Ohio. This makes
nLteen blast furnaces put into operation
e slnee January J. The combined daily out
!, Put Of these is about 500 tons
l Mo- ,h0Ck ISLAND nj pEBENTUREs.-Large
4 DoShS on tne SzJ.pO,OO Chicago Rock Isl
snd & Pacific Railway per cent deIa,,,i,ra
ISSUE bought BY speyer & Co. have been
\ Iaken by leading banks and truet Com
4 panies In New York u"s' coii'-
4 Ny COTTON EXCHANGE NEMBER
-Mlliam p. OConnor has been - diectad a
member OF the Cotton Exchange e0'eu d