New-York tribune., 1907-04-20


=, -.a1. bot az the present time the market is
peyfecay AoAAt"s N-'~ O - ~ 0 -'' "PP'e-
.saTTOssAKs IEAD-I4 A Cole, president OF the
,s,tIoual Lead Company, says that the outlook for
.s.tionsl Lead never has been brighter. His Opin-
-, ~ che future Of the company expressed IN
- lsst annual report. but he is beginning 20 feel
,hEs q was. II anything. too conservative. The
,,.Insss OF the company for the FIRST three months
. ,e7 shows an increase OF about . per cent,
-srsd with the same period OF 1905 Its importa-
-. ~ rsg lead must reach the 5000 ton mark by
-,,r whereas three years ago they amounted to
,lv e GO tons. Asked why ths price OF white lead
ga not inc-eaFe IN ratio with that or pig lead.
,,-erident Cole said that white lead Wss now at =
,tvb price ana that ie II went higher adulterates
ge,,d begin 20 take It's place Speaking OF the lead
situaaIon another officer said that it was practi-
ally controlled IN London. He thought that, al
shouga pig lead at very high figure, the price
-ss duo 70 legitimate demand rather than 10
.,,,u,ation 10 said that the supply Of lead from
.,,s,rsls and Canada had fallen of tremendously.
IS lad also the output from other countries that
,os previously been large producers, and this, in
,snnection with the constantly growing demand
from electrical concerns. has been responsible for
Use IN the London quotation per long ton from
- rs 70 fls Is IN two years. Another factor in
bY4near about the lead shortage was the belief OF
she producers when the advance started. that high
,-foes would not be maintained, and their conse-
cuent partial neglect OF Development work in favor
n turning out large proouctlon Tor immediate
snls at the higher prices.
GRAIE EXPORTS FOR THE WEEK.-"Brad-
,trsets reports the exports OF grain fer the week
-r4,h comparisons. figures in bushels. follows
yVens -four included. 4S7, against 1s5llo5 last
weak IssGTgs IN this week last year. .2s7 in
Js6 and sllsl0s in 1892 for the soal year 10 date
IsgeSgS compared with l09.S5l,717 ~ 1906 os 81
sSs; n 1sos- O5 and EOS 0S9 2S9 in ls0l-02;
sssssg2 consrasted with 1a75.719 last week 1,s73-
81 n this week year ago and 22s2ssA IN 1905;
sor the fiscal year 20 date. 67sss2oL against lol-
F7siM 81 1s05-0S and e5.2T,S4s in ls04-'o5-
OPEN HEARTH RAILS.-The United States
st,sl Cooperation viii be able 10 make open hearth
rails At Youngstown about January l next. and at
Gary within & short time thereafter. but nothing
a rnoEa Is 10 its price these rails. That It
zvould like 70 obtain a substantial premium is
8oubtless the case. but in any event sales would
hardly be made until construction work is further
along and the price may later be determined more
nv market conditions than by considsvatiors Of
rslStive merit. There IS, in present conditions,
ample demand for the Bessemer steel which would
Be released.
TENNESSEE REPUBLIC COMPANIES. - Ac-
oOrding TO Representatives OF the Tennessee Coal
and Iron Company there IS foundation for the
reports that negotiations under way for the
sale of the company interests identified with the
United States steel Corporation. II IS true that
the interests Of the Republic Iron and Steel Com
pany and tire Tennessee Coal and Iron Company
have under consideration a plan for The merger OF
the TWO properties. There are less fhan nity Ten
nessee Coal and IIoE shareholders. and control OF
the company could not be secured IN the open mar
kst, was the case when the Hanover National
Rank people lost control
DIVIDENDS observation-disclosures have been
declared as follows: Kings County Trust Company,
regular quarterly g TDer cent. payable on May ::
Farmers Loan and Trust Company. regular quar-
fsg2y 70 per cent. payable on May l: Trenton Pot
ieries, regular quarterly per cent on the pre-
Serred payable on April .: Bowery Bank. regular
rf-- oarfa
Bank, regular sen.i-annual 10 per cent. payable on
May !.
. APPLICATIONS TO LlsT.-The following COM
Panies have applied 10 the New York Stock Ex-
change 10 list securities: The International Ner-
camille Marine Company. s75.5ooooo ~ per cent
mortgage aGd collateral trust bonds due 1922; S50,
0oe0 preferred stock and $50 $50 900 common stock
voting trust certificates; tho International Eaviga
ton Company, s-9,S2i.o0o first mortgage sinking
flud per cent bonds due 1929, and the Wabash
Railroad Company. S96soOo additional first Hen
afly-year per cent bonds of Is54.
NIPISSINS EICE-PRESIDENCY vice-presi-
dency has been created IN the Nfpssing Mines
Company. and Lyman b. Kendall OF Myer. Jr. &.
Co. has been elected 20 the place. Other officers
have been reelected. An officer Of the Nipissng
Mining Company says that reports that Eipissng
j. about 10 lease part OF its property with
OFT foundation. That proposition considered
some tine ago by the directors. but IL thought
inadyisable nothing OF that kind viii be done.
PIG IRON CERTIFICATES.-Pig iron certificates
at The New York Produce Exchange were dull and
unchanged. There We're sales. Prices for stand
ara foundry follow: Cash So IS hid: April. SO bid;
Mag, 90 - bid June. SO % BID: July and August,
81 bid; September $50 bid
CHICAGO TERMINAL BONDS-The first mort
gage general per cent bonds Of the Chicago Ter
mnal Transfer Company sold al Jos yesterday. a
new high record price. The bonds have
strong since The Baltimore Ohio secured
order giving il the right assume the bonded IN
oebtedness of the company.
AMERICAN TOBACCO BUYS BONDS.-The
American Tobacco Company has purchased an ad-
aluonsl s40Go OF its Per cent bonds and has sur
rendered them 70 the trustee for cancellation.
This makes total OF 100000 bought 50 far this
year by the company for cancellation
MITCHELL MINING.-The general manager OF
NE Mitchell Mining Company has received adyices
that the companys property in Mexico has not
Deer damaged by the earthquakes IN that country.
CHEMICAL BANK IL NEW HOME-The
Chemical National Bank VIII open its new build
ing' 81 No. go Broadway, for regular business on
Monday morning.