New-York tribune., 1907-04-19
Trust Companies. Trust Companies
TOPICS OF THE STREET


FOREIGN TRADING.-FoTeign houses No.
active factors IN the local market DEALING I, .u
than 1000 shares all purchases rradI1. - - .sas
account was mainly IN United statea So, -
Union Pacific After the close OF tbe &C. "a
change in London there was practically, ~ -. a
on the euro for Americans at that not,4 ~
to the dulness here Consols were du1I A. wa
hsh market. while prices. except for Ar.a.s s-
were heavy Money was easier. but tho 9,-s :,
England made no change in its discount rate ~
ne" German loan was quoted at three-ot,ar,o-. -
per cent premium In Berlin +l
MARKET GOSSIP.-Traders saw tbar.
70 stimulate business on either side ~ ss mag
and that they are unwilling TO make ex+a-.,
Tiitments until the more substantial oDo.s' III
- - aIl'e lHterest IN the dealings. Erorts - -
s0 . pubic ioLoWing on the strenetb - -
iiO"sy nave Iallen nat, and apparsptI,- a. sy
proach OF the crop uncertainty po-,oSs me s7- !
pessimistic talk by certain raflroaS - - ana the
interests who see business disaster aba.s -
OF their paranOiac views OF Iaplola,t. : = S--ss
corporations and investigations b7- tbo 7.ens
commerce Commission. are encoursst, ,
lutte indifference on the part OF the ou+.l, e0'O-
the course Of the stock market transa..,. o.@f
VIII not nave an adverse effect on specui.t,,. -
lar as tne ultimate course OF the marker 1, -. -
cerned- Most commission houses advfvo o,... va
70 PICK up stocks on the breaks s1ob a. .E-.a
corded in Wednesdays market but ~ -. - -
IS Forthcoming to these we'll irtsntioro5 ~, Ss'ls
eraIly sound suggestions Internal conditio-S
not changed and the market doubtless mn T'-1.s
traders affair for some time time come s,,--a
operations make up a good part OF tbs cv--.
trading There has been some buying Of e.TI, -
Ere and United States Steel in the London m.rt..
20 run to the end Of May and June Pr0.r,
Rapid Transit Insiders while bullisb d ~. ~
ror an important move in the stock at praua,4 -
do not hold out the expectation OF a divias15 ~.
year. The redUctioS IN the British income ,,- -
responsible for scsle foreign buying v,q..-,,
afternoon. the theory being that the love- 49,.
would stimulate activity and higher prices in Len
don to-day. United StStes Steel was one os I'M.
stocks bought in the afternoon for foreign acoo,f
IL Is held IN small amounts very largely abro.s
and as the income tax cannot be deducted here a,
1t Is before II reaches the investors hands Il
British securities. the British investor has ro
trouble about claiming rebates. paying his tax
direct.
BALTIMORE OHIO-In reply to inquiries FOR
expression OF reasons for the decrease in the ust
earnings OF the Baltimore & Ohio Railroad Com
pany for the month Of March, Oscar G. Murray
president Of the company. says;
In view OF the great difficulty experienced IN TIA
operation OF the line during the month OF March
we naturally anticipated a decrease in gross eaTr
ms, s S9d @ We're pleased that This was confined
severely from foods during a large part a. ths
20 losing several thousand feet OF embaukment az
Athens. Ohio. highway bridge carried down the
pam bridge. Ihls resulted In the cutting Of ths
Southwestern line from March r. 80. Meantime
Way OF NeWark and columbus. preventing the re-
lief that would ordinarily have been secured
food and other damages specifically account ~
about $4,000 Of the increase in expenses while n
Congestion Of as nciden TO 20 the dDodi cST s a s
TfsIerred TO has been overcome and conditions On
MOVEMENT OF CURRENCY.-The unseasoa-
able cold weather this spring appears to have d.
layed the outflow OF money which ordinarily takes
place at this time OF the year. A canvass among
the leading Wall Street banks elicits the informa-
ton that there IS active call from the West for
currency. though shipments to a moderate sxtsns
have been made 20 the South. some large amounts
OF currency have been sent 10 nearby cities. In
terror institutions are increasing. in many IN
stances their balances at this centre by deposins
proceeds from loans which are being paid of. Ths
money viii show receipts and shipments Of about
equal amount.
ANIALGA0IATED DIVIDEND UNCHANGED
The Amalsamated Copper Company yesterday de-
clared the regular quarterly dividend OF IA par
and the usual extra quarterly dividend OF one
half or l per cent. payable May q. The stock
holders OF the company Will hold their annual
meeting on June g. for which purpose transfer
books close on May 13 and reopen on June T. ne
Boston and Montana Consolidated Mining and
Smelling Company has declared the usual quar-
terly dividend OF 81 a share and the customary
extra quarterly dividsnd OF $40 share, on the
cables from Liverpool
MONEY IN NEW ORLEANS.-Thsre have been
no new developments n the money situation a.
New Orleans for the last week and call loans are
stil officially quoted at per cent. with some s1saE
shading by the Street. The demand continues
active and the banks report quickenins N tne
inquiry from the country. There is small n
crease IN the deposits ard some narrowing On
loans. Foreign bills have bean IN light ofe1inS
showing no new features. Domestic exchanss nas
been easy.
PIG IRON CERTIFTCATES.-Pis iron esfuA
Gates at the New York Produce Exchanss yes's1-
5sv were dull and unchanged. There were "
saI.a Prices FOR standard foundry follow; CASH
ss2 IS bid: April S2s bid: May. So "a bid; 1ua'
see 25 BID: July and August, S21 bid; Septem0eA
$50 bid. -,
NEW STOCK EXCHANGE NEMBEKS-Aa'
following were elected members OF the New 4o,A
Stock Exchange yesterday: clifford GWynn7' N--
yer NJ. Palmer and Rowland Stebhins.
DIVIDEND DECLARED.-The directors or -
Fl. b. Clahin Company have declared the rssa&'
quarterly dividend Of ~ per cent on the hrst pr'
ferred and IN per cent on the second prelefl'1
stock payable May l. -,-
INDEPENDENT STEEL CONCERNS OFL-N
BOOKS-The action of the United States steer -
poratlOn IN opening its books for rail orest' -
1905 delivery has been followed by the openins -
the books Of the independent concerns.
NORTH AMERICAN DIVIDEND The drec's.'
Of the North American Company have deeiar'1 - -
regular quarterly dividend OF IL Per cent pay a'''