New-York tribune., 1907-01-17
TOPICS OF THE STREET.

FOREIGN TRADING.-About 10000 shares were
dealt In for foreign account. OF which 1900 were
sales The only buying was IN low priced issues
on the break. Opinions IN London differ widely as
10 the prospect OF reduction to-day in the Bank OF
England rate. If the Bank still in effective con-
troll OF the market Il is safe say that there Will
be no reduction small gold shipment to Brazil
where no further Withdrawals had been expected
had unfavorable influence. Tho general ten
dency OF the London stock market was dull In the
absence OF any substantial volume OF business
American stocks closed weak
AMALGAMATED DIVIDEND DECLARATION
TO-DAY.-The prevailing belief I'm the Street IA
that there will be no increase in the Amalgamated
Copper dividend. which is to be declared to-day
At the meeting In October the directors declared
a quarterly dividend OF 1ts per cent and an extra
dividend OF Il per cent. placing the stock on an
per cent basis. for the first time since 1900 The
company is making great earnings, and rumors
have been current for weeks that the coming
dividend would be at the rate OF 10 per cent
The directors OF the Boston and Montana Con-
solidated Copper and Silver Mining Company
took action the dividend yesterday but as
usual no announcement to the rata will be
made until after the meeting OF the Amalgamated
board to-day. The dividend on Anaconda In
creased to 81 70 a share at the December meeting
this being at the yearly rate OF 2S per cent which
compares with total OF 1911 cent paid in 1906.
DIVIDENDS DECREASED-Ths directors of
the American Chicle Company have declared the
regular monthly dividend OF per cent on the COM
directors
of the Cleveland. Cincinnati Chicago and ST Louis
have declared the regular semi annual dividend OF
per cent on the common stock. The directors OF
the Illinois Central have declared the regular semi
annual dividend OF Sl1 per cent on tho capital
stock. payable March /.
AN ERROR CoRRECTED-In this column yes
terday 1t was said that j. II. Manning had been
elected trustee OF tho Title Guarantee and Trust
Company as successor TO 'the late John d.
HicSs." This WIS error. the trustee whose death
A,n1f
the election OF Mr.. Manning having been BENJAMIN
ID. Hicks John ID. Hicks IS a member OF the board.
PIG IRON QUOTATIONS.-Pg iron certificates
at -he New York Produce Exchange were some
what irregular. There sales of 100 tons of
standard foundry January at s2s25 and 300 tons of
standard foundry April at so TO Quotations for
regular follow: January February and March. s23
asked. Prices for standard foundry follow: Cash
and January s2s 25 bid: February. s24 bid; March.
s22 75Is2S 90; April. May and June. s23 90 asked.
PACIFIC BANKS EXTRA DIVIDEND.-The d.
rectors OF the Pacific Bank have declared the regu-
lar quarterly dividend of per cent and an extra
dividend of per cent. both payable February l.
APPLICATIONS TO IIST.-Application has been
made to the New York Stock Exchange TO list
s44s5 800 additional capital stock Pennsylvania
Railroad Company. sloOooOO additional first refund
ing mortgage per cent bonds OF 1884 OF the Chi
cago. Rock Island & Pacific Railway Company siO.-
100000 convertible per cent redeemable bonds OF
1885, series A. of the Western Union Telegraph
Company. and additional s22s.OO0 preferred stock
of the American Agricultural Chemical Company.
IRON AND STEEL CONDITIONS.-"The Iron
Age says: THE buying movement in pig iron for
forward delivery which set in in the Central West
since the opening OF the year has made further
progress 1t Is estimated that during the last
there have been sales aggregating 100 900 In
the Chicago district, including block of 25 90
tons OF malleable iron to foundry, and 10000
tons of foundry iron to machinery
facturer. Other markets like Cincinnati and Cleve-
land. are feeling the movement the furnaces In
the latter district having advanced the price ST.
IL Is estimated that there piled up at the fur
naces in the Birmingham district between 5000 and
10000 tons of pig iron. sold and long due to be de-
livered. which 1t has been impossible to move. Pipe
makers report heavy inquiries for cast iron pipe.
among them being one lot OF $4,000 tons for CHI
cago. The coming letting of 200 tons OF pipe to
New Orleans next week will have more than local
significance.
while some large additional steel rail tonnage Is
pending. the largest single order placed 1900
tons for the San Antonio & Aransas Pass. It Is
estimated that all the mills in the country have on
their books orders aggregatns 25O00o0 in addition
to about 25o.00o tons carried over from last year
In structural material order calling for 1900
tons has been practically closed Otherwise only
fair sissd work has coma out"