New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-09-08
TOPICS OF THE STREET


THE FOREIGN MARKETs-The London s,o.k
Exchange was closed yesterday. and no orders fo-
foreign account executed in this market In
Paris and Berlin prices ruled steady, with trading
quiet
DIVIDENDS DECLARED.-The directors o. n.
New York, New Haven & Hartford Railroad Com
pany have declared the regular quarterly DIVIDEND
OF per cent. payable on September 30 The df-
rectors OF the New York & Harlem Railroad Com
pany have declared the regular dividends OF usr
cent each the common and preferred stock
both payable on October 1. The directors OF tha
United States Reduction and Refining Company
have declared the regular quarterly dividend o,
IL per cent on the preferred stock, payable on
October /. directors OF the Iaclede Gas Light
Company have declared the regular quarterly dtvf-
dend of Ia per cent on the common stock. payable
on September 15- The regular quarterly dividends
of 2 per and Pc per cent, respectively. have
been declared the preferred and common stock
Of the Waterbury Company Of New Jersey. both
payable on October l. The regular quarterly dfvi-
dends OF IL per cent and per cent. respectvelv.
both payable October I. have been declared On
the St Louis and San Francisco stock trust GER
tificates for Chicago & Eastern Illinois preferred
stock and Kansas City, Fort Scott & Memphis pre-
ferred stock The regular guaranteed dividend q
1as per cent has been declared the Pittsburg.
Fort Wayne & Chicago common stock. payable on
October s.
BANK CLEARTNGS OF THE WEEK-The total
bank clearings OF the United States for the week
ended September Zone day estimateO were 81
"a, $50 935, against g. 2ss.1s3 In the preceding
week and s21ss,O94.21s for the corresponding week
Of 1906
MARKET OPINIlNS-Opll4OES On tEe marHsr
by leading houses follow:
Henry CIews & Co: Outside interest in the stock
market has shown further Improvement Expectas
tons OF a favorable result al next Tuesdays sale
Of S40OoO010 Al per cent corporate stock and bonds
OF the City OF New York have been largely re-
sponsIbIe for this condition. while more cheerful
feeling in regard to the money siruat1on-tr1s
money, at any rate-seerns 70 have modified recent
fears Of excessive stringenCy. but il is stIu
than probable that the money situation Will con-
tnue an important adverse influence IN tne market
for considerable time extending at least the
OF the year. Banking interests fully alive
to the money outlook and are enforcing conserve
tfsrn in channels where such action Is necessary
This means a continued check in business OF
highly speculative character. and, 10 measurable
degree, IS a protection against eventual w1te
spread business embarrassment On the other
hand, the favorable agricultural outlook is de-
Cided influence against extreme depression. and
the market for the Immediate future is apt TO be
one OF wide and active huctuaJiOn within compare
lively cafe limits
Robert Goodbody & Co The market has
continued 10 display a better tone. and We hsvs
had a sharp rise IN the two hours following ths
first considerable wall street failure That We
have a banking situation which does not ai-
NIT of a successful bull speculation seems plain
No doubt the good price OF wheat Is 8 great
piece OF good fortune, because It Is due 20
crop conditions abroad even more than az Rome
No doubt also the money market IS being
helped by the short wheat crop. IN that the price
Is causing the surplus wheat 10 De used up oue
when all IS said the money market cannot %
oversupplied with funds y good rally vas to BE-
expected and II has come and may we'll 60 on.
improbable. There are good judges who hold hat
are in a market which viii swing considerably
each way. but who think We have not quite seen
the bottom. at all events that we S1aIl see
prices as low they have been
Grannis & Lawrence: Operations are still pro
fessonal, and in such market the continuance q
any movement Is not TO be expected Profits O
several points should be taken by traders as soon
they appear. and buying orders placed little
under the market to take advantage OF recess4ons
We are having q good trading market 1leIe az
plenty Of opportunities 10 buy weak spots and
realize fair profit within two days The Hart
man and Iiil stocks particularly attractive r0r
such trading"
Marshall Spader & Co: The decided strength
of this weeks market. and the high levels fo'
the upturn realized enforces a conservative Iors -
cast. and may add that much OF the near future
OF values depends on the negotiation price OF tns
New York City bond Offering, to be decided next
Tuesday. Meantime, most other influences Gun
tlnue favorable and II Is possible that such sue
cess as may attend the city's financial operations
on Tuesday will be followed by a renewal OF In
terest BY IN other bonds. and also IN 10
stock list
Carpenter. Baggot & Co: I'VE must all expect
business failures from time TO time. and Y OF sf
magnitude these viii have temporary discourse
ing effect. but the failure OF such companies a.
the Union Iron and Steel Company are not OF u
portance, except as a possible sign OF the Tunes
Some drastic action may also take place resultns
IN congratulations OF some streetcar and o.
lines. but these IN time Will be factor FOR oe1s,
prices as they should be placed on less caplLs-
basis and the water heretofore injected eInf
mated. Briefly stated. position is that -
stock market has already discounted all pr0O1oo .
trade reactions Except in some industrtalsl oe
HevIng as we do, that the great highways OK gun.
MERGE cannot be reproduced for the prices az Wni.
most of their securities have sold. tine should -
surely see them advance any commonly
universal necessary that Is selling below eN'
cost Of production" .
MOVEMENTS OF COTTON.-'"Ths Finsnc.nn,
Chronicle gives the total port receipts OF COUPE
for the week ending September as +ASoS os-os
against q SIS bales IN the preceding week am 1
n al bales the week before that. making Us
total receipts since September l. 1907. 3D. os.ss
against 7s061 bales for the period o. Hp
showing a decrease since September as"' =
sS0a3 bales
PIG IRON CERTIFTCATES-Pis iron eerun
Gates at the New York Produce EXCHANGES " ~
dull at old quotatiOns-s1S 50QSlS 50 for Sep.oIs
Der, October. November and December slsn3S'ss
foundry. There sales