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

FOREIGN FTRADING.-FOregn housAs
both ways in this market. selling aho,,+ sssoed
thousand shares on balance There was also zen sen
10 be some large selling on direct orders fro- nat
land. American stocks in London openaS Iaol- aol-
and did not rally during the session T'ra1S,S.ser,
in the general market were light There Ves1ons
siderable liquidation. much Of it for FJo1Ts,c coa
count, and the close was heavy Trading e. -, sc-
new account began at noon The speculativs es
count open in American stocks proved ac-
smaller than had been supposed much
DIVIDENDS DECLARED-The diranto-
Standard Milling Company have declared tbs us
ular semi-annUal dividend Of III per cent - reg
preferred stock, payable on October 81 Tia Is 4
rectors of the American District Telegrsnb - q
pany have declared the regular quarterly 5,Snl Sonl
of per cent, payable on October D 'end
SECURITIES LISTED-The following $780,.
have been added TO the Stock EXCHANGE Ts.s1fl1es
enty-three million seven hundred and sivtsV- sew
thousand dollars twenty-year per cent co-s-cSs
coupon bonds Of 1927 of the Union Pacific P1.os
Company. S5S 0G0 additional first consolIds.a 'road
gage and collateral trust per cent A4t1- go mort
pom bonds. sub-series A. due 1919 OF the Pc eoa-
Western Railway Company, 100000 additIonsI aA1s
iCal stock Of the Nineteenth Ward Bank an5 >, -
600 additional first and refunding mortsaea o@-
cent ffty-year coupon bonds Of 1881 Or tha "a Per
necticut Railway and Lighting Company -' O'a-
COTTON EXCHANGE MEMBERSHIP sor,
A. NJ. Agelasto, jr-. has sold his Membership a. -
Cotton Exchange TO A. Bond for S1S5OO - ne
DATE OF ANNUAL MEETING CEaNcv,
The annual meeting of the Greene Consolt5ats5 =
per Company has been adjourned until me S. I'D
1ueSudE IN MARCH, ISvo at Jne
Greene-Cananea Copper Company which contTo,. Gs
The fiscal year of the Greene Consoldata5 c o.s y
Company will be changed so that Il will end IN S
cenaber 81 instead of July 81
NEW BONDS FOR BALAKLALA cO,rpr-v
special meeting of the stockholders OF The p1.I-
lala Copper Company has been called for Cctobs q
TO take action a proposition to au+loy4-o - -
issue OF S2.O0O,0OO collateral trust bonds in t-o
series Part of the new bonds will BE- ugs5 - w w
funding $1,000 900 Of the present OUTSTANDING 8 =
cent bonds and part for the purpose of raiS,- -
dtional working capital and funds for tbs en;sry-
ment OF the cOrnpanys smelter
IRON AND STEEL CONDITIONS,
Age" says: N
Pig iron production is continuing al the rao.u.
gait; In fact there was slight gain in SepternLs-
as compared with 5O7 76S tons on se1tenSsr G SOer
entirely new furnaces, the LOrain and the I1IanS M
thracite and coke iron was 21S2.4s7 gross tons a.
conpared with 2.25O,410 tons in August, a dailv
steel works product was 1.417153 tons in Septebs-
ana L'442;oe9 tons IN August. AS has been stated
again ana a1ln, current production and cOns,ln1r-
ton are still proceeding very high pressure 4,
eSs1 i ~ tb % qt IaeI We may note that the steel
all records OF steel production on October 2 tSs
one day. u Hi7o'S IN u'a'
THE Iron Trade Review" says:
Many false rurnors have been in circulation eoa-
ceEni2s the proposed blowing out OF blast furnaces
The Unted states Steel Co-porstio Is sim TIas Ss
all the iron II can make and this is true or prsc-i.
caiiy all the large producers While some Furnaces
may be blown out for repairs during the present
month. our statistics show that production IS keep
ing up remarkably well during the dull period The
daily production being only about $50 tons
less In September than in august while on October
there were S2S stacks in blast loss OF only one
stack as compared with September L Il is not 0f
course. probable that furnaces will Accommodate
iron TO any considerable extent unless the marked
improves. but there IS prospect OF sharp err
tailmeDt Of production The Steel COrpOraton hss
not laid on thousands OF men, reported and does
not expect 70 do nor has the Pressed Steel Car
Company, which has recently taken orders for about
three thousand cars, and needs more men.