New-York tribune., 1907-10-01
TOPICS OF TIE STREET

FOREIGN TRADING-Foreign houses s,,a
20000 shares in the local market In London ths
while losses of l per cent were common IN the
general list. Discounts we're arm, with rates
higher at SIS per cent Paris exchange was ur-
changed. but the Berlin rate on London was highs.
THE IRON SITUATION-RoSers Brown q "a
say: Few large sales have been reported ths
week but interesting feature has been ths
larger number of inquiries and orders for the bet
grades of foundry iron This seems 70 be gen.
eral throughout all markets, and may be the fora-
runner of an active movement IN these grades
Most of the orders placed still for prompt a.
livery and interest in next years deliveries is an
vet unimportant. At the close of the week one r.
uuirv for 5000 basic and another OF the sauna
is no accumulation of either grade pressing Tor
sale. Several Eastern furnaces will have TO shut
down in the future, and will be obliged 70
remain out of blast longer than usual. they have
been driven till the last possible moment in filing
old contracts. A material reduction in output Is
therefore. to be looked for A moderate cutting
down of melt also seems inevitable, but IL is IN
teresting note that consumers have about
cleaned up the piles IN their own yards. and only
in occasional instances have more than two or
three weeks supply on hand The coke market Is
firm and influenced BY the market strength OF the
coal situation"
NEW STOCK EXCHANGE FIRMS-The Stock
Exchange firm OF Chisholm & Pouch. composed Of
Edward de c. Chisholm, Edgar D. Pouch and Ed
win ". Chapman. has expired by limitation Ed
ward de c Chisholm and Edwin y Chapman have
formed copartnershiD under the firm name Of
Chisholm & Chapman John d Chapman will be
Frank D Potter. with F. T Bedford special
partner. have formed a copartnership under the
firm of Pouch & Co. which viii succeed Lin
coin & Co
NORTHERN PACIFIC STOCK PAYMENT
Subscribers to the Northern Pacific issue OF sg3.
100000 Of new stock are required 10 make their
fourth payment amounting 70 S11.625,0O0. by to-
DAY The next payment. Of the sum. falls
due on January 1. 1908. There has already been
paid in this issue S23 .Oo0 % Per cent OF
the total. per cent having been paid on February
l. 1907. ~ per cent on April and 12ls per cent
July I.
EGYPTIAN COTTON MOVEMENT Annual ag-
at hand show that the total receipts OF Esvp-
tian cotton between September l. 1906 and Au-
gust 81. 1907 together with the stocks OF old cot
ton August 81 in Egypt. were 1Os7.7s9 cantars
of practically 100 pounds each This is the highest
total in ten years. Exports, according to Custom
House returns were 7.004.2 cantars
ADMITTED TO PARTNERSHIP W.
Porter has been admitted 70 partnership IN the
firm OF Bywater. Nesbttt & Co. Of No IS Broad
street. who are largely interested IN the Indian
Valley Consolidated Mines Company the Tri-Bull-
ion Smelling and Development Company and other
going mining concerns. Mr.. Porter Is a member
has devoted his attention to the financing OF
number OF large mining properties
PHILADELPHIA COMPANY DIVIQEND-Dt-
rectors OF the Philadelphia Company have declared
the regular quarterly dividend OF II per cent On
the common stock, payable on November !
APPLICATION TO LIST-Appication has been
made the New York Stock Exchange 70 list
$4,000 additional capital stock OF the Ninetee-t1
Ward Bank.
BANK OF THE MANHATTAN COSIPANY.-
Samuel Sloan. tr. ce-president OF the Farmers
Loan and Trust Company. has been elected d.
rector OF the Bank OF the Manhattan Company. TO
succeed his father. the late Samuel Sloan.