New-York tribune., 1907-12-11
TOPICS OF THE STREET

FOREIGN TRADING--Foreign houses sold "a
shares in the local market. making total saI, - e'
London account in the last few Iays NJ = 'sr
$4,000 shares. In London the general r,ari, a'out
dull and heavy. Consols We're down 3-1s ans Nas
copper shares, as rule, were weak In pI, .ae
securities also heavy. with further decIas'is
rentes and Russian IS. Open market dtsco-ss m
London were firm at 53s per cent, while can ~. AZ
was in fair supply. Berlin discounts wers bioly bey
and exchange London I'D u pfennis sner r
regular fortnightly settlement begins toS.Ans Ans
London, but disturbance is expected = N
withdrawn from the Bank of England YESTERDAY Tsd s
American account Offset by recefpts 80 e ror
metal from the Continent. ws
DIVIDENDS Observation-Disclosures havs
declared follows: Columbia Gas and Fuel rea -
pany of Pittsburg. regular quarterly II. Der III
on the preferred payable January l. United E'rt
Company regular quarterly per cent. T-,i.,
States Trust Company regular semi-annuaI 9s ~.
cent: Mergeuthaler Linotype regular CIIartsrI,. =
per cent and an extra dividend OF 3 Der csn+ "a
able December 81: National Licorice Company ~
ular quarterly 1ls per cent payable Decer
ber 81; National Sugar Company regular 0ra
terIy IL per cent the preferred So
payable December 81: Columbus. Hooking CO..
and Iron regular quarterly IL per cent ="
the preferred, payable January Z n
Bliss Company regular quarterly : Per cent ON -
preferred and 212 Per cent on the common pavabi,
January .; Otis Elevator Company regular 0ua-
terly IL per cent the preferred, payable Januar
Is; virginia Carolina Chemical Company reguls,
quarterly per cent on the preferred payatl.
January 10; Chicago. indianapolis & Louisville II,
per cent on the common and q sen1-aunual pa-
cent on the preferred payable December go Chi
cago. Burlington & Quincy regular quarterly Der
cent. payable January >
CURRENCY TRANSFERS AND MONEY CON.
DITIONS.-The local Sub-Treasury transferred
Yesterday for banks sS11.5OO. OF which s150Ga
went to New Orleans. $365,00o to San Francisco
ss1 600 to ST. Louis, s2S.900 to Cincinnati, s55Oa
to Chicago and $247.000 to Denver Transfers on
Monday 81 S15.000- Loans were called yester-
day by leading banks, and a number of time loans
falling due were not renewed Call rates advanced
IN % nor cent The mercantile demand for finds
continues active, and there is nothing 70 indicate
that interior banks will release their grip upon
their large accommodations OF money IN the
future for the benefit of this centre. 4 number ot
obligations mature before the close Of the year
end nrararat tions for their renewal and for ths
January interest and dividend disbursements viii
NOT +end to promote ease in the loan market
UNITED STATES STEEL.-Within few weeks
the United States Steel Corporation will decds
upon the price at when empoyeS VIII oe per-
rnitted to subscribe for the preferred stock in
new wear The present market quotation Of the
issue indicates that the price VIII be about &S
share, which compares with slLe year ago Under
the offer OF 1901 subscriptions were received from
II I69 enapoyes for total of 2032 shares II is
ported that employees in good standing who now
hold preferred stock will receive an extra dividend
in January, representing aecunuldtlcnS incident to
the profit sharing plan
WESTERN UNION DIVIDEND-The Western
Union executive committee met yesterday but
made no recommendation regarding the dividend
action which will be taken by the directors to-day.
For wears past II has been the custom OF the
executive committee 70 meet one day IN advance Of
the directors meeting and TO recommend the
for the quarterly dividend. II generally is
sumed the directors either will pass OF reduce the
dividend There is a possibility that scrip divi-
dend Will be declared
REPUBLIC IRON AND STEEL-The BesseEer
steel plant OF the Republic Iron and Steel Com
uany at Youngstown. Ohio, has closed down for an
Indefinite period It is estimated that since the
depression business began in the iron and steel
trade %. 600 men in the MahOnIng and Sne1ang0
valleys have been thrown out Of employment
LOWER ROCK ISLAND DIVIDEND.-The d.
rectors OF the Chicago, Rock Island & Pacific
Railway have declared quarterly dividend Of
per cent, payable on January : The dividend
three months ago was fst PEI cent. and six months
ago l per cent.
DALY-WEST DIVIDEND REDUCED.-Ths d.
rectors of the DaIy-West Mining Company have de-
clared a quarterly dividend of 30 cents a share,
payable December I6 At the last preceding quartsr
o. cents share was paid
CRUCIBLE STEEL DIVIDEND DOWN--Ths
directors OF the Crucibie Steel Company have de-
clared a quarterly dividend Of l per cent. redue-
ton Of Z of / per cent from the last preceding
quarter
CAPITAL STOCK INCREASED.-At the recent
regular stockholders meeting u THE arlington
Company Of Arlington, y. J., ths capital stock OF
the company was increased from 81 0se.o'l 10 SG'-
coo. This company is engaged in the manufactuTs
of pyralin CeiluiOid-
STOCK EXCHANGE SEATS ADVANCE
seat on the Stock Exchange has just been soid tor
s63 .00o. This compares with price OF SS1". the
last preceding sale