New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-04-07
TOPICS OF THE STREET

OF Io.OUO shares In the London marker tbo---
selling Of American issues on a small so.1
dent to the fortnightly settlement which -
next week, and as consequence prices a.
We're below parity. The general marker 4, ~
British capital was strong especially =, e.
Tintos. No uneasiness is felt abroad over 49, =.
t!ernent.s owing 70 the Improvement that has.
place in the securities and money nnarJes. = -
last week. and it is thought that the carr-,.
rates will be well under those that prsvar.a ~
weeks ago. There is some talk OF a reduett,-s
the Bank Of England in its minimum rate ~ n.
count on Thursday
MARKET GOSSIP.-The fact that the r.....
break in stock market values has been foTows4S-
more cautious attitude in business cirrl., /,
which ideas regarding the future had been to,..
travagant. is having good effect in sueeul.,s.
quarters. where actual conditions rather s.-
manipulation, are made the basis Of market ou.-,
tons The general situation as viewed nv obs
ing brokers is more heaIthfuI than il has bsa- A.
many months and as for the stock market D.
generally conceded that conditions are on a s,s-
basis than az any preceding time in two wears T,
idea does not warrant the belief that prices ar. n,
enjoy uninterrupted advance. II Is tbop-s.
however, that stocks are likely 10 become srarr-
than money. owing 20 the large amount OF aoeE
that has been taken out OF the market By IN
vestors in The last two weeks and 10 the dsHv
additions that being made to bank cash hold
trgs. Commission house brokers renort bs,ts-
Inquiry from public traders to take stocks on snail
margins and it is upon buying OF This sort thar
bear traders hope TO force a setback IN values TAs
rapidity 81 the advance IN the last week has 81
couraGed the small f-v in the belief that big bI
boom is under way and that anything in the shars
Of a margin WIZ mako profits. This IS a big nar-
k4t and a wide market. Fluctuations doubtless vm
continue 10 cover an extended range. with chances
favorinr more ir-aSularity and more aggressive
ness among the bears in the current week and e
may therefore be wise for small margin buyers 70
toin the watchers bench II is said that the Egiss
note issue aruourccd last week. will cost the
pany upward Of II per cent-a rate unparalleled n
recent years The public got the notes at So Z
IS understood that the second syndicate got them
for o. The bankers who discounted them originally
must have done so for not more than g This
means that the Erie gets now about $950O@ ron
the sale Of these notes. II must redeem the notes
n vee~ Ee0c, for e. $4,000 This Sf95oGS cash.
therefore. appears 70 cost the road about Sseea
or mure thou II per Gems for the year. There may
be- t.g change for Jhe better I'm Ero affairs before
tie time comes for the declaration Of the second
preferred dividend. EuyiaS If ANA samated cop
per comes from standard oil houses. and il Is
noteworthy fact tnaJ the stock is getting scarce Il
tie loan crowd G.. g. Gates & Go were prominent
buyers Yesterday around the roor1- especially IA
Union Pacific. Bond houses report an active T.
investment of April disbursements.
pIvIpENDS observation-disclosures have been
declared lis follows New England Telephone anu
rel-erapu Company reef,la~ quarterly, II pe
cert payable Nav e. Edison Electric Ii.ol'Ii@'Es
COMPANY ot Boston. regular quarterly p pe'
cent paystl. May Brooklyn CEv Railroad "
ula~ quarterly. 2is per cent PAYABLE May l. Gea-
eia Railroad ana Bauki1S Company, regular qua
terly "a per cent payable April Is American
; Seeding Machine regular quarterly. "a per 'EI
payable April r. Georgia Railway ana A7'U
Company. regular quarterly. rs per cent Q" =.
preferred aud "a stock dividend Of IS Is per V7n
ON the common Lincoln Traction COMPANY r.
%eHrl<ila regular quarterly. -'e usr cent. paS~~
Aprj H. The Hudson River Telephone Conpans. am
per otu: payable April IS. reduction ~ one
Of per cent. Third Avenue regular Guarlei'S, :.
per cent payabIe April go. Creat Northern Hai'"-
Company. regular quarterly dividend Of - .
cent payable May Co stock OF record AFrl L.
NORFOLK < WESTERN-Since the Feolua.,
earnings Of The Norfolk < Western were puois-.-
the company has issued its usual detailed h''
account for he month This statement SHOWS -
the hish,r operating expenses were arse'E ~ -
restoring track and roadasd damaged oy ''s -,
water along the Ohio and SciOto rivers Nalu
nance Of way increased S5S.S00 more than y -
cent. The increase in cost of conducting 1rans.@
tation was relatively a little more than tAaI ~
maintenance Of equipment increased aooul
cent. Fixed charges were the same as 80 - IL
January. hut the increase over the same '-1'
the previous year was little less than IN J@"'e
The luaI s,lrplus for the month was Si6525' a =.
crease Of $59251. For the eisht months ehueN -,
ruary Norfolk & Westerns operating rauO -
ts ger cent against Co ger cent the year -,
The surplus over dxed charges and IN Nes at Tie
of taat period was 1885, 9S5. compared W.
S4.5SO $50 the year before. decrease OF Stl''V'-
TRI-BULIION's NEW PI-ANT.-1n an in'e', -
with Samuel w TrayIor. consulting and dHv0.'
engineer OF the Tri- Bullon Smelling ana 49,,
meut Company. il was learned yesterday -,
contract had been made for a term OF |e.-1 ,ti.
one of the most experienced and successful -
and smelling men in this county, "a take e'-s
of the comnany's new plant for the heiiy - -
now beins, constructed by the Trayior EnsiA- -.
COMPANY OF this city. In connection wiz
large concentrating plant. also under cons.l~-
the company expects TO earn from so 70 N' IN
ton the outpu, of the mine Tie So's =, n,
also handle large tonnage OF custom wv
smelted in their lead ana copper furnaces 60 -
ed with the oxide plant. The Trt-bul4oN -,
pany claim that it VIII net from its ores. I'm
the plant is completed only One-haI ~ !,
capacity which will be 100 tons. from 49,
$4,000 day (..,rgs
TITLE COMPLAINTS NEW PItESlpE-Ni - .,rv
J. Gillespie a we'll known attorney OF 'h's ~
who represents a numSer of large estates .r,ls
been elected president OF the United SUI. =, ,aks
Guaranty and Indemnity Company. ana VI"
office May 1. ,a,.sss
PIG IRON QUOTATIONS. iron ceruu..'
at the New York Produce Exchange were larv
and about steady. Prices for stanaaru =. Mas
follow; Cash. SD 70 bid: April 81 'oaS-.S, 800
SCI 80 bid: June S2l bid: July and OCTOBER Ms
WASHINGTON TERMINAL SYNDlCAlL. ar
SOL.VED.-It Is announced that the synui.s co.
ganized about two years ago to underwtl'o ~ qSr-
OOOOG0 S12 per cent bonds of the WaSHlA7 sss "a.
minal Company has been dissolved u Is - sola
only q per cent OF the securities has s-..sna,eI
and the remaining e psr cent will be d-st.9