New-York tribune., 1907-10-15
TOPICS OF THE STREET

FOREIGN TRADING--Foreign houses sal.
more than $1,000 shares on balance in this nnsrSs
at the opening, and enough later 10 bring tbs .s
about 25,o0 American stocks in London - 80
weak. the Steel issues, AtchisOn. Reading and st
Hartman stocks going TO one TO two points b.,s e
parity. The general market in London was a.
pressed on a light volume Of trading Prices -
the curb were inactive The London money nns-' an
ket was easy
sold on the New York Stock Exchange yestsrSa-s
for SIS. Gee The last previous sale was al $40 a0S
\ report that fifteen Stock exchanges membersbins
were for sale was officially denied.
PIG IRON CERTIFICATES iron car4fs.
AZ the New York Produce Exchange were ouiet -
old quotations There were no sales. Prices for
staldard foundry follow, Cash. October and No
vember SIS 30 bid
NEW MEN ON CENTRAL. OF GEOpcr,
BOARD-The stockholders OF the Central of Co.
eia Railway Company at their annual meeting YES
terday in savannah reelected the retiring 5irso
tors and elected c. r James, 81 Chattanooga an.
r. Z. Steiner, Of Montgomery, 20 III vacancies in
the board
DIVIDEND ON BATOPILAs-The Bsto,r,,
Silver Mining Company yesterday declared a ousr'
terly dividend of 1212c share, payable on Decen
Der 81 This dividend, whtc2 IS AT the rate Of 10
per cent a year. is the first. paid by the companv
under its new management. Prior 70 the neJv
control the company. the mines OF which are ola
producers at Batopilas. Mexico, paid about a0a-
eco in dividends
IN A CLASS BY HIISELF-At the ANNA,
meeting yesterday of the stockholders Of the Rock
island Co77nsnv John J. Mitchell Of Crhica9o -,
reelected director for a term OF four years Ths
board is classified one, the various classes beiaz
made up each of the same number Of men. viii
one over. Mr., MITCHELL IL was explained yestsr-
and thus constitutes a class by himself"
NEW STEEL PRODUCTION RECORD-A
worlds record for production was broken bv tbs
universal mill of the. Carnegie Steel Company AZ
South Sharon. Penn. for tae twelve hours ending
Saturday morning at O'Clock The crew rolled
81 tons of steel against the hest previous record
of AIS tons. made last April on last Wednesday,
the April record vFs also broken. when 425 tons
we're produced This establishes "a new record for
4S-inch universal mills.
DIRECTORS REELECTED stockholders
Of the Philadelphia & Reading Railway Company
at their annual meetins yesterday reelected the
firing directors
IRON PRICES HOLDING WELI--Rogsrs
Brown & Co say
Sales for the last few days show an increase over
the Immediately preceding weeks oul large orders
is in carload IoLs for prompt or rush delivery The
bear campaign on the part or buyers mas reached
@ b6e1+ 7Snh i-5r lgst Nav r5 1rscri-aHz
cover al their requirements for the % the year.
s,5r 5Io me & e+lt a. total Of all sales since
tracts made at that l--o. ~ q r-naraoe pace but
have been using every means IN their power, fair
and otherwise 10 reduce prices on future contracts
They have, OF course r1-- FE some degree OF sue
for current needs have reacted from Jhs abnormal
I level which the previous demand lad forced
The most remarkable feature Of the situation.
i however been lle Sla+.st.---e>S WIN Wllcn
prices have held at the present level for the last
month or IN spite Of all That has been done 70
deDress them still further The latest resort OF un-
scruDuIous buyers has been series or run1OrS as
/ 10 the shutting down Of shops ny such concerns
| steel Car COMPANY All OF these have been abso-
/ Irrslv denied. When buyers are @riVen 70 Sucn
devices IL would appear JLaC they are near the end
OF their bear Arguments. There IS sun no attempt
10 force business for next year As another eie-
ueut operating against reduction or 1lanl-actur-
in. costs the discussion by the tax commissioners
i'm Minnesota To the esssIl-Dt on ore properties
/ h - feature worthy OF consideration