New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-06-11
TOPICS OF THE STREET

FOREIGN TRADING.-Foreign houses -,
5000 shares in the local market. selling 500 e.
on balance. In the early dealings Londo, s1a
but subsequently became a buyer In Londoa
general market was firm outside Of the - 10
shares The Bank OF France made no A,.epe:
secure any of the gold Offering in the Oman T"
ket, the Bank Of England taking the entire aa Af'
Paris exchange on London advanced and tt-uuaI
ion prevailed that the demand for gold for p sa'
at end. a
PITTSBURG IRON SITUATICN.-Roeers
& Co. have received the following from, w
Pittsburg office: Inquiries for pig iron of all prs
for spot and last half deliveries have FAM. y
\ number of consumers are fairly well p-o,s-
for their melt for the third and fourth CUE
while others have very little iron purchases 49,
Furnaces are very largely sold up on their pros
ton for this year. Purchases are being nnads =
delivery during the first and second uuartA-, !.
1908. We look for more active demand +, ~
near future Prices are very firm. The den,s
for coke has increased during the last week 81
very large contracts have been placed GOVERNS.
years shipments.
COPPER CONDITIONs.-The copper prosu..-
continue to hold out for the so-called official go
tions for the metal. The big producers a e.
have made no change. and the situation has ,--.
ally reached d deadlock stage. The supplies 80 :
large number of consumers will have been =.
hausted within the next two three weeks s,4
IT is believed they viii then be forced into the ma
4,
the price OF copper, the consensus Of opinso, 4.
that concessions will be granted when the Isrv,
consumers enter the market as purchasers for IA.
livery in the last half of the year. A copper mn,
Queer says the various companies are not vet =.
ceiving the benefits Of 25-cent copper. II can n,
assumed that although copper has been held On
basis Of 25LL cents for several months past IN,
great bulk of the metal which has since been d.
lvered commanded lower price than that which
prevails.
DIVIDENDS DECT4ARED.-Th Horn Silva,
Mining Company has declared the CUSTOMARY
quarterly dividend of cents a share. payable on
June %. The dividend OF the Pittsburg Metal,
Mining and Milling Company. payable on July "a
win be a quarterly payment Of per cent putin.
the stock on an per cent basis. Since May Is5
the stock has paid monthly dividends OF One-halt
OF per cent or at the rate Of per cent a year
The Maryland Electric Railways Company has De.
cIared dividend for the half year OF per cent
payable July !. Transfer books viii close on Juas
n The Boston & Providence Railroad C0rnpauv
has declared the regular quarterly dividend o,
81 so a share. payable July to holders OF record
June L. The General Electric Company has De.
cared the regular quarterly dividend Of per cent
payable on July 10 to stock OF record June Is Ths
Old Colony Railroad Company has declared thu
regular quarterly dividend Of 81 % share payable
July I.
NO WESTERN ICE COMPANY SETTLEMENT
REACHED-John 5 Field president Of the Rnick-
erbooker Ice Company. Of Chicago. announces that
the controversy between the minority shareholder
and the Western Ice Company has not been settled
NO settlement has been reached" he says, "and
do not believe there Will be one in time 70 hold ths
adjourned meeting on Wednesday. Interests ars
perhaps nearer an agreement now than they hays
ever been. but there still a number Of vital
points 10 be determined" Mr.. Field declared that
the difference Is not alone between the stOCkh0IderS
committee and the Western Ice Company. bat ths
KnickerbOCker company also has a voice n ths
matter Thus IL Is difficult 70 arrive at any plan
that will satisfy many interests
LEHIGH VALLEY BOND SYNDICATE DIS.
SOLVED.-The Lehish Valley collateral truss bond
syndicate. organized in October 1893 n connection
with that company's acquisition OF the Coke Bros.
& Co. coal properties. has been dissolved About
per cent Of the bonds were disposed OF by the syn
dictate. The collateral trust bonds issued for this
purchase amounted to sl3o1NoN0 Of which sons
thing Ike 100000 were taken BY Coke Bros d
Co. the balance being taken by the syndicate.
UNITED FRUIT COMPANY BONDS. - Ths
United Fruit Company has issued 81 10000 per
cent serial bonds being a direct obligation and
ranking ahead OF the per cent stock The com
paUy has no mortgage debt and agrees not TO plaza
any mortgage on its property in the Efe Of this
issue without securing the bonds under such a.
mortgage
BANKS LOSE CASH--Local banks havs los;
since Friday. In their operations with the Sub
Treasury upward OF 100000,