New-York tribune., 1907-12-03
TOPICS OF THE STREET

FOREIGN TRADING-Forefzn house.. 5..,.
4oeoo shares in the local market. all sales n
London Consols firm, but the cooper .,,
were weak: also American securities The ro-si,-
money market outlook is more promising ana a.
counts both in London and Berlin easier v5T
call funds well below the level recentIy nrots
The Bank of England secured 100000 OF IN. son,s
African gold offered in the open market ana ~
United States the balance. amounting 70 & 5,o CO.
The Paris market weak London disnafrh.
reported the probability OF reduction in tha Ra1
of England rate Thursday.
STEEI. MANUFACTURERS PoLICY-A,
largement of the committee appointed by the ,,ss,
manufacturers To settle disputes and din.-.1~.
arising in the steel and iron trade is now rrss.
way The committee selected at the recent sathe-.
ing of representa- tive steel has rnart., =
charge. All steel companies of consequenc. u,,1
be represented. including the United States s,..i
Corporation. Pennsylvania Steel Company Canbri.
Steel Company, Jones * Laughlin Steel Conpany
Lackawanna Steel Company. Republic Iron ara
Steel Company. and Bethlehem Steel Corporat,o,
subcommittee will be appointed and the orsanira
ton made strong possible in order 20 assur,
speedy and logical settlement Of all rnatfsr.
brought before the body for solution
THE IRON OUTLOOK--Rogers. Brown q.
say; Each day brings further reports Of BLOWN,
out Of blast furnaces. In addition to the dificuv
in financing, many producers have a an addsd
reason for shutting down the condition OF thei,
furnace Innings. which have been driven hars
during the boom times Altogether. II is a rood
tine for the blast furnace operator 70 shut down
In fact there is inducement at present price,
for most OF them TO run at ALL and II would appear
that production is being rapidly cut down
than consumption At the present stage of develop
nent it is impossible to make any predictions a.
to the of prices. Buyers have naturally bean
waiting until they could get what they thought as
rock bottom before making commitments for nsxt
year. There some indications this week thar
large and shrewd buyers are feeling the market
with the intention Of placing heavy orders. Ger.
tainIy, in view OF costs and reduced production.
present levels would seem low.
DIVIDENDS DECLARED-Divfdendsh hav. BEEN
declared as follows: Laclede Gas Company reg
ular quarterly IA cent on the common and reg
uar semi-annuaI ~ cent on the preferred. pay
able December is. Erie & Pittsburs regular quar-
terIv 1s. per cent payable December 70 Cleveland
Cincinnati. Chicago & St Louis regular quarterly
Il. per cent on the preferred payable January D.
American Brake Shoe and Foundry Company rezu.
lar quarterly IL per cent on the preferred and
per cent the common, payable December 81
RAILWAY EQUIPMENT DIvTDENDS.-Ths d
rectors OF the American Car and Foundry COM
pany and those OF the American Locomotive Com
pauy will meet this month 20 take action on The
dividends On the preferred and common stocks Of
regular dividends the preferred stocks will be
ordered, and opinion IN the Street nclines 20 tina
theory that In spite of the falling on in the de-
nand for equipment the common dividends
also will be declared.
SUGAR PRICES LOwER.-The American Sugar
Refining Company, B. H Howell. Son Co and
Arbuckle Brothers. have reduced their list prices
for refined sugars points, TO 469c net less PER
cent for cash, for fine granulated The Federal
Sugar Refining Company made a reduction Of nxs
amount bringing it's list price down 45sc uet.
less per for cash. for fine sranulated
APPLICATIONS TO LIST IN LONDON.-Ar-
pltcatfons have been made 10 the London Stock Ex-
change &c appoint special settling day In and ro
grant a quotation to the Union Pacific Railroad
Company s3013G0o additional twenty-year per cen,
convertible bonds and Mexico TramvarS C0T1oans
IS 10000 common stock IN shares Of SOD each
NEW ORLEANS STOCK EXCHANGE RE-
SJ-MES-The easing money situati n IN the South
IS Indicated by the announcement that the View
Orleans Stock Exchange has resumed trading arsr
almost complete closing for several weeks
INTEREST ANTICIPATED--Oving to the fnsn-
cIaI situation. the American Finance ana Securi-
ties Company has decided TO anticipate the pay
n,ert Of its senf-annuaI bond interest due January
1 1905 and IS now mailing checks Tor the Interest
due that date
STRICKEN FROM THE LIST.-Clicaso & East
ern Illinois first mortgage per cent sinking Iun1
bonds due 1907 have been stricken from the StocS
Exchange list
CALUMET & ARIZONA DIVIDEND LOWER
Directors OF the Calumet & Arizona Mining Com
pa1y have declared quarterly dividend OF 81 30
share. This compares with the last preceons
dividend Of s. a share
The directors of the Calumet & Hecla CompanN
have declared q quarterly dividend OF $40 snare
This compares with SIS in September, so n May
and $40 this time last year
WABASH REFUNDING BOND INTEREST =
The interest due January On the Wabash refund
ing and extension per cent bonds viii Be paid nN
the Bowling Green Trust Company
NEW CONSOLIDATED STOCK EXCHANGE
E-IRN-Thouaas Smith and James NJ Smith, @
the Consolidated Stock Exchanges. nave formed
CO. partnership under the firm name OF Srniu
Brothers with Offices at No 20 Broad street
Z