New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-01
TOPICS OF THE STREET.

copper shares. Money was In fairly good demand
and in good supply. With the first of May holiday
on the Stock Exchange approaching. there was lit
disposition among spectators to make extensive
commitments in the London securities market.
MARKET GOSSIP.-The shorts are unable 70
male much Roadway at present. and the fact that
current advances hold without important reaction
suggests to many Wall street observers the pos
sibiIty that deal of wide significance is being
engineered. There has been considerable activity
around the Hartman office in the last two days.
and this in connection with the persistent buying
of the stock creates the impression that some an
nouncement affecting the future of the Hartman
properties soon win be made. one of the leading
commission houses said yesterday that ID was adj
vising its customers to pursue conservative
policy and 10 refrain from taking the bull side to
any extent, while another prominent house ad-
vanced the opinion that all the money In the near
future would ne made the bull side. The early
afternoon recession yesterday brought out little
LONG stock. and for that reason traders were IN
cIined TO any small sethacks. The trading
pool in Union Pacific in which A. Upper NJ Dan
nenborg and others prominent was thought to
have taken profits on Union Pacific in the forenoon.
Considering the large volume of stock which thi4-
involved traders thought the pool had only repre-
scented a small part of the buying and took adj
vantage of the midday recession TO pick up stock
The rumor Of Atchison borrowing was sufficient 70
give heavy tone To that stock, particularly as
there Official statement forthcoming TO
check the circulation Of such reports Traders say
that such borrowing would be explanation OF
the heavy in the stock since the dividend was
advanced. D. Chauncey, the specialist in Great
Northern. bought that stock from the opening.
while Taylor, Livingston & Co. also were buyers OF
Great Northern and took round lots of Union Pa
cifc S. y Warren x Co were heavy sellers OF
Reading and Union Pacific.
NEW YORK. NEW HAVEN & HARTFORD
Within the last few DAYS "A block Of 81 5OOOl Per
cent New Haven de5entures of 1850 has been offered
at 9sI4 This the unsold balance of the S15GOo0O
debentures which were purchased by the Morgan
syndicate in june 1895. and by It offered at 16li.
972 per cent income basis The present price IS
equivalent TO G s0s per cent income basis 1t is IN
derstood that after these bonds have been sold
the syndicate viii be formally wound I'D. The syn
dictate which has been carrying the S15e00oC0 IS OF
1856 IS still In existence and IS holding its bonds
firm at 10II
LARGE FOREIGN IRON PURCHASES-A local
iron firm has acquired 2Jo00 additional tons OF
foreign iron at top prices. y representative OF
large producing company says that activity is as
sured for che furnaces for the rest OF the year,
ard II would require not much than $4,000
10 buy up the present iron stocks OF the world.
Iron has been bought SO far ahead and many con-
sUmers short of supplies, that famine talk
IS heard in certain quarters. The Steel Corpora
ton is said have purchased about 1900 tons OF
open-hearth LIIIets around goo ton.
DIVIDEND DECIARATIOSS.-The American
Chicle Company has declared the regular monthly
dividend OF per cent and an extra dividend OF
per cent on its common stock payable on May %
declared the regular quarterly dividend OF ia per
cent on its original guaranteed stock and divi-
dend Of per cent its special guaranteed better
ment stock; both dividends are payable on June I.
The Georgia Southern & Florida Railroad Com
pany has declared the usual seri-annual dividends
of 26 per cent each its first and second preferred
stocks. payable on Nav T.
EXCHANGE CREDITORS PAID.-Stock Ex-
change creditors OF Arnold Leo & Co. the broker
age house which failed several months ago. have
received the amount due them in full This Is on
OF the prior lien they had on the Stock
Exchange seat Other creditors have received %
cents on the dollar and further payment TO them
IN the future IS not likely The seat sold for
$1,000 and almost all this amount was distributed
among the exchange creditors
DIAMOND MATCH MEETINC5-The annual
meeting Of the Diamond Match Company Will he
held Wednesday a Chicago. \ proposition TO seq
regate the lumber business from the match busi-
ness by the formation OF separate company VIII
be submitted 70 stockholders. but nothing is known
as to what VIII be done for even the directors ara
divided upon this subject.
OPINION ON MONEY.-A representative OF a
prominent national bank SAYS: There IS now
every reason to believe that money rates Will con-
tinue easy throughout the summer We have re-
ceived no advices Yet that would lead Us 10 De-
Neve that a business reaction Is IN sight We still
have fairly good crops. recent weather conditions
having benefited them"
ADVANCE IN COPPER--Lake copper on tina
Metal Exchange advanced &c in the bid and asked
q
24a2i-c: casting advanced lac in the asked at 2214s
a3i.r The market for actual business is above
these figures
STOCK EXCHANGE SEAT SODA seat tsss
sold on the Stock Exchange yesterday for $72.sS$
This compares with the last preceding sale as
$4,000
PIG IRON CERTIFICATES--PiS iron certif-
Gates at the New York Produce Exchange opened
a5c higher but without transactions Prices for
standard foundry follow; Cash and April S2S :;
May and June. scs July and August. So .; Sep
te1nber So %.
BIG SILVER SHIPMENT BY BATOPII4AS.-
4 telegram received from Mexico from Assistant
Manager Alexander r shepherd. j.. Of the Bato-
pilas Mining Company announces a shipment OF
o. 900 ounces Of refined silver the product OF tho
last four weeks He also reports improved pros
poets since week ago. with several promising:
workings in light silver.
PENNSYLvANIA'S NET EARNINGS DE-
CREASE.-Net earnings o. the Pennsylvania Rail-
road for March decreased S6i.i0O the lines d.
sse5 700 ON the lines west OF PittsburS gross in
creased S4,72oo and net increased S2oi>o. For tho
three months ended March oI gross earnings on the
lines east Of PittsuUrE increased SlSi9itO and net
earnings decreased Sgt690o. ON the lines west or
Ptttsbur, gross earnings for the three months IN
creased $3.50 100 and net earnings increased S2S'oO
Old COLUMBUS RAILWAY STOCKHOLDERS
WIN-The Supreme Court OF Ohio has affirmed
the Judgment of the Franklin County Circuit Court
IN the case of T. NJ NIarritt and others against
Charles q. Davis and others and nineteen other
similar cases brought enforce the double statu-
tory liability against the stockholders Of the Old
Columbus. Sandusky & Hooking Railway Company
This means that these stockholders will escape for
different reasons the lis bility sought TO be attached
by these suits aggregntinS about S15eoo9
BONANZA BELT STOC'E--The Bonanza Belt
Copper Company announces a public Offering in tho
r1fu f7a Of raaS-