New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-03-12
TOPICS OF THE STREET.

a Ono shares in the local market buying 10000. In
London the general market was irregular, but con-
sos and Rio Tintos were hrmer. The Bank or
England secured all the gold offered IN the open
market There was change in discount rates
in the various foreign capitals. In London tho
price Of bar gold was advanced.
DIVIDENDS DECLARED.-The directors OF the
Railway Equipment Corporation have declared the
regular quarterly dividend Of Ia per cent and an
extra dividend Of per cent. payable on March Is
The directors OF the United Bank Note Company
have declared the regular quarterly dividend OF IL
Per cent on tho preferred stock. payable April
/ The directors of the Van Norden Trust Com
pany have declared a quarterly dividend Of per
cent. payable March 50. The directors Of the
Nineteenth Ward Bank have declared the regular
quarterly dividend OF 2I5 per cent payable
March 80. The directors OF the Royal Baking Pow
der Company have declared the regular quarterly
dividend OF IL Per cent on the preferred stock
payable March 50. The directors Of the Sloss-
Sheffield Company have declared the regular quar-
terly dividend OF ia per cent on the preferred
stock. payable on April / The directors OF the
American Telephone and Telegraph Company have
declared the regular quarterly dividend OF per
cent the stock. The directors Of the Mexican
Telephone and Telegraph Company have declared
the regular semi-annual dividend of pa per cent
the preferred stock. payable on May 1.
PACIFIC COAST STOCK.-The common stock
OF the Pacific Coast Company. which pays per
cent. has been sold in the last few days for the
account OF holders who naeded cash. and
sequence OF the weakness IN the general market
the sellers had take low price for their hold
ings. An interest identified with the company said
yesterday that earnings were at a rate which
would show Y per cent for the year on tbs COM
mon. which sold Yesterday at IS. against a high
quotation for the year Of 124
AMALGASIATED COPPER-Th The agreement
reached by the miners and producers OF copper in
the Butte district. according to a prominent min
ing man. IS satisfactory 10 both sides, The Anal
gamated Copper Company Is now In position TO
conduct re operations unhampered. and in
crease in production is expected from on. It
was realized that a strike In the Butte camp at
this time would have resulted in famine prices for
copper. The United Metals Selling Company is
in a position 70 book business without fear OF
its inability TO make deliveries II is understood
that the company. since settlement OF the strike
assured. has disposed Of a large quantity OF
copper on a basis of % cents a pound fer future
delivery. The company has sold a large amount
Of copper for delivery in June. and will soon be
booking orders for delivery beyond that month
STEEL RAILa.-A large number OF inquiries for
steel rails have made their appearance in the mar
ket. and many Of them will develop into orders be-
fore The close Of the current week Orders pending
aggregate something like 10000 tons. The figures
Of the American Iron and Steel Association which
show that there produced in this country in
the year 1906 than 100000 tons OF all classes
OF steel rails. rather surprise to manufacture
who have estimated the output for that year at
S,65o.oco tons The production of steel rails IN
1878 3.s75929 tons. and IN 1904. 2.2Si I'll tons
GOLD IMPORTS-Sterling exchange declined
twenty points for demand rates yesterday. bring
ing the quotation to level at which gold could be
imported despite advance in the price OF bar
gold in London. II local bankers were anxious to
secure the metal II reported that 100000
gold was the way to this country, though the
source of the shipment given. The Bank
OF England took all the gold that offered in the
London open market yesterday
CORN PRODUCTS REFINING-The plan for
converting the per cent bonds Of the National
Starch Company into per cent bonds OF the Corn
Products Refining Company, the bonds to be guar
anteed by the latter company. has been declared
operative a majority of the National Starch IS
have been turned into the Title Guarantee and
Trust Company under the plan and the new bonds
are being issued and distributed.
CAPITAL. INCREASED.-At a meeting Of the
stockholders of y. f. Baxter & Co. Incorporated
the capital stock of the company was increased
to 100000 and n dividend OF per cent upon the
preferred stock was declared, payable on April /
PIG IRON CERTIFICATES-Pig iron certificates
at the New York Produce Exchange were dull and
unchanged There were sales. Prices for
standard foundry follow; Cash and March. So bid:
April, $2g$22 IS May S21 6OQS22 June $21 so asked
July 81 % asked; October. 81 asked,
HOME TRUST COMPANY CAPITAL IN
CREASED.-At n special meeting of the stock
holders of the Home Trust Company yesterday
the proposition TO increase the capital stock from,
S5O00G0 to S75O. COO was ratified
FOREIGN COPPER SITUATION.-Foreign prices
for copper were. higher yesterday. The Rio Tinto
Company has sold its entire production TO May at
GllS ton.
GREAT NORTHERN'S EARNINGS-Gross earn
ings of the Great Northern Railway in February,
amounted to S2.656S73, decrease of SOL 3sS as COM
pared with the same month last year Co1nDara5
with the corresponding period in 1905 there was
an Increase of S103lO. For the eight months Of the
fiscal year gross receipts show a gain of SslS 2e5
COTTON EXCHANGE HOLIDAY.-The mem,
hers Of the Cotton Exchange have voted to suspend
business on Good Friday March %. and on the day
following.
UNITED STATES RUBBER-The business on
the books of the United States Rubber COMPANY
is p per cent in excess of what it at this time
a year ago.