New-York tribune., 1912-02-15
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses
bought upward of 1890 shares in the Iocal
stock market, purchases being well DIS
tributed over the active international list.
DIVIDENDS DECLARED. - Dividends
have been declared as follows: The Kings
County Electric Light and Power Company
regular quarterly . per cent, payable March
l. the International Smeltlng ana fehhIls
Company. regular quarterly per cent, pay
able March / the Manufactured RuDDer
Company. regular quarterly l19 per cent on
the preferred, payable March !; the 9uIncy
Mining Company regular quarterly 81, pay
able March %: the Boston x Albany kali-
road, regular quarterly ? per cent, payable
March 81; the American Express Company
regular quarterly s., payable April l.; the
Pure OIL Company, regular quarterly 219 per
can't, payable March l; the Associated Mer-
chants Company, regular quarterly ia per
cent and extra ls per cent on the common /,
the United Dry Goods Company regular
quarterly Ia per cent on the preferred, and
the Great Northern Paper Company, regu-
lar quarterly, IL per cent, payable March !.
COPPER MARKET. Copper prices show
no change. Dealers in the metal are not
pressing for business, pointing 10 the fact
that metal stocks in this country of 5000
00O pounds are only about @,OOO,Oyo greater
than the lowest level touched in recent
years, which was about 100000 pounds III
1901, when the copper market was at the
height OF it's greatest boom. copper bough,
on the last buying movement has not yel
been digested, and until IT has not mucn
activity need be expected in the copper
market. Exports OF copper in January were
81 229 TONS against 1851 tons In the same
month last year.
Los ANGELES SELLS BONDS.-Speye eI
&. Co have entered into a contract with
the city of Los Angeles TO buy S,3SO,OOO OF
its AZ per cent bonds, OF which 2,S9O,OO are
for the completion of the water works sys'
tenn, $3500,OOO for the construction of an
electric light plant and S,OOO'OOO for harooi
Improvement.
SECURITIES LISTED.--The following
securities have been added TO the Stocf
Exchange list s9,5s3,Ooe first and refund
ing per cent coupon bonds and 81 ,259. so
non-culnulative preferred stock of the New
Orleans, Mobile q Chicago Railroad Com
pany, sl,350000 additional general consoli
dated and first mortgage per cent coupoi
bonds OF the Chicago &, Eastern Illinois
Railroad Company, $S5l0O additional pei
cent collateral trust frSt lien SINKING funt
bonds of the ITCHY Railway ana Llgh
Company. s. $4,000 first mortgage per cen
sinking fund coupon bonds of the For
Smith Light and Traction Company. ant
100000 z per cent cumulative preferred
stock OF the Pabst Brewing Company.
STANDARD OIL DIVIDENDS.-Ofice
Of the Standard Oil Company believe tina
the separated companies will pay enough II
dividends 10 equal the rate of $40 shar'
paid by the Standard Oil Company OF New
Jersey for seven years past. A director o
the standard Oil Company OF New Jerse!
saws he believes that company VIII pay
little more than half of the total dividends
OF all the companies; that, in other words
il will continue 10 pay, following the dis
intcgration more than $50 n year in diN
6eEds.
ADDED TO THE LIST.-The Stock Ex
change has admitted 10 the list Canadian
Pacific Railway Company subscription re
ceipts for ordinary capital stock, first in
stalmeGt ~ per cent paid.
ARIZONA COPPER COMPANY ,-Th'
January production Of the Arizona Cope
Company was 100000 pounds of copper
compared with 9.02i0O) in January. 1911.