New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-03-01
TOPICS OF THE STREET.

FOREIGN TRApING-Foreign houses dealt In
10000 shares In the local market. all purchases.
In London the general market was firm. with con-
siderable strength in the Rio Tinto issues. The
Bank Of England made no change in its minimum
rate Of discount. and open market rates showed no
important movements. London is not hopeful OF a
reduction in the bank rate in the future. The
last day Of the fortnighty settlement passed of
without disturbance.
NORTHERN CENTRAL ANNUAL MEETING
The annual meeting Of the stockholders OF the
Northern Central Railway Company held In
Baltimore yesterday. Colonel James II. Wilson. OF
Wilmington. Del. representing the minority stock
holders presented n resolution recommending that
the directors Increase the dividend on the
mon stock from to 10 per cent year. Captain
j =. Green introduced substitute resolution 70
refer the question of increasing the dividend TO the
incoming board Of directors. without mentioning
the rate. Captain Greene's motion carried by
a vote Of $4,000 shares against 1900 shares. The
retiring directors We're reelected. Al suisse
quent meeting the directors organized by re-elct-
ing the retiring officers, The committee appointed
for the purpose Of effectlng consolidation OF the
Northern Central Railway and Pennsylvania Rail-
road companies the same basis exists be-
tween the Philadelphia. Baltimore & Washington
Railroad and the PENNSYLVANIA Railroad companies
reported that such merger impossible.
DIVIDENDS DECLARED.-The directors OF the
ST. LOu!s & San Francisco Railroad have de
clared the regular quarterly dividend of per cent
The directors OF the Chicago & Eastern Illinois
Railroad have declared the regular dividend OF 1ia
per cent the preferred stock, payable April I.
The dire tors Of the Greene GoId-Silver Company
have declared the regular semi-annual dividend OF
per cent on the preferred stock payable March
&c. The directors of the General Chemical Com
pany have declared the regular quarterly dividend
of lla per cent the preferred stock. payable on
April l. The regular quarterly dividend of 1%a
per cent on the stock of the Metropolitan Street
Railway will be paid on April l.
UNITED STATES STEEIA-In the first two
weeks OF February the deliveries OF the United
States Steel Corporation averaged 80 200 day.
at the rate of between n.50O.OOO and 100000
tons year. When the congested condition OF the
faroaoS Is taken into consideration shipments are
running exceptionally heavy. 1t Is evident from
the rate at which deliveries being made that
the earnings Of the Steel Corporation large
So far this year earnings have been satisfactory,
II weather conditions in March favorable. that
month VIII probably establish new high record.
NEW DISCOVERY ON MKINI4EY- DARRAGH
PROPEkTN.-An entirely vein. the presence
of which had hitherto been unsupported was dis
kinney Darragh mine, seyenty-hvo feet below the
surface The company will give no information
gardlng It, except that 1t is one Of the best on the
property.
PIG IRON CERTIFTCATES.-Pig iron certif-
Gates at the New York Produce Exchange were
steady. at a slight advance. There were sales.
Prices for standard foundry follow: Cash and Feb
Tuary. 81 . bid March, SO bid; April, S2l 5OGS23
May S2q$l 60; June and July, S1 so asked; October
SCI asked.
TO RETIRE JAPANESE SIXEs-A dispatch
from London says that a Japanese per cent con-
Notice OF the repayment Of the 6 per cent bonds
quoted In London and New York will be issued In
about fortnight. when holders win Be allowed