New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-04-21
TOPICS OF THE STREET.

TOPICS OF THE STREET.
FOREIGN TRADING.-Foreign houses wera -.
active factors in the local market their opsratio0
being confined 70 a few thousand shares To even
up over SUNDAY. In London the general mari,
was heavy and Inclined to sell OF except in Rlo
Tintos. which We're strong. The settlement IN T0,
don begins Wednesday, and business in tina a,,.
two days OF the week may be expected Ia radro.
still further the comparative small account ono,
Money in London probably win be easy throuqbm5,
the week. but the issuance OF the large Cerra,
loan may tend to postpone further reduction in
the Bank Of England discount rate Paris will taxa
a large part of the loan and IL may call on Tendon
Tor a considerable amount of gold as result
MARKET GOSSIP-Traders refused TO be upsss
at the exceedingly unfavoTabIe bank statement
though a few courageous operators put cut short
lines on the last half hour advance. on the theory
that study OF the large gain in loans over sun
day would induce an active selling movement to-
morrow. In most stocks the market practically
was dead yesterday. and the extern Of the dulnsss
was reflected iu the fact that in the first hour not
a single shave Of Erie or St. Paul was dealt in.
while IN only seve1ty-six separate issues sales
were reported. the narrowest trading recorded In
more than year The relative activity IN Chicago
& Northwestern was not accounted for by news
developments. and the chances the advances
was merely continuation 81 the Investment move
T1snt which has been under way in this stock
since tna March panic when II sold at 1874 CON-
pared with 1854 yesterday. The general market
appears 20 be waiting for new lead. recent bull
and bear arguments failing 70 bring about inlpor-
tant changes and the chances are that until soma
real live factor develops there will be many DAYS
of stagnaton in speculation. particularly as there
are so many cripples in the Street Wall Streec
has by no means recovered from the serious losses
imposed by the March break in values. and IL
doubtless will require many months TO wipe out
the traces OF that occurrence while IL there should
,yr-a1u FHa-a. u1feI h.
something more serious than losses. which time
can rectify Experienced observers. however. do
not look for further periods OF forced liquidation.
THE Wall Street Journal says that perhaps one
reason why so little financial weakness was dis
closed here at the panic could be explained By
some OF the half dozen representatives Of Loneoa
Stock Exchange firms who are in New York az
present looking up their private customers. lats oe
the Waldorf ana elsewhere. The differences cut
standing are large, but there IS good reason for
saying that the arbitrags houses here cams through
without straIning themselves. The largs earnings
or the Missouri. Kansas & Texas in the last twelve
months and the strength OF financial and general
business conditions in the Southwest attracting
attention to the company's preferred stock as an
investment The road has strengthened It's nnan-
ciaI and physical condition to a material extent N
the last ave years and il is now IN position thar
appears 20 insure the permanency OF the dfv1dendS
The common IS not so far away from dividend as
picking up Pacific Coast stock as opportunity
offers. Union Pacific may have 10 use a line oWns1
by the Pacific Coast company IN order 20 get INTO
Seattle.
BANK CI.EARINGS-The total bank elsa-iass
OF the United States for the week ended April .
Zone day estiu1ateO were $2s41.76O4 51. against So
ESQ. AZ in the preceding week and S.l41'S149 iof
the corresponding week OF 1875
PIG IRON CERTIFICATES.-Pig iron esTua-
Gates at the New York Produce Exchange were
dull and a shade lower There were no s9ss
Prices for standard foundry follow: Cash ana
April ESQ bid; May. 2275 hid: June. rs BID; JuN
n AZ bid: August. 2o5O bid: September. 900 bid
DIVIDENDS DECLARED-Divjdends have osS1
darIared as follows: National Glass Company 9es+
uIar quarterly Is per cent on the eferred' pAa1'
April %: Electric Securities Corporation. s'l-r
annual 2lS per cent on the preferred; Fullnl.N
CoD,nsnv regular quarterly Sc a share payable
May Is: New Central Coal Company. sefIA-~ll-A
per cent. payable May L -- -oo.
UNITED METALS SELLING COMPANY ~
PER PRICES.-The United Metals selAns 80
pany quotes the prices Of copper as unchansea A-'
frro at 25Isc for electrolytic and Sic ror sA7.
TyRTE, car TRUSTS-A car trust agreement s.
curing $4,000 4i5 per cent equipment oonds. 60
February and due in IN monthly IaSlzll-' -s
has been made between the American - -.
Foundry Company. as veuder. and the EF'' -
road Company, the vendee. ,-..... q,
GERMAN TREASURY BILLS.-SuoScT4pH''s
the German and Prussian government per g..
treasury bills are being received in New zoe :.
90 and interest. The bills are quoted IN 97lN-
s9as and interest. -. N--
GREENE-CANANEA COPPER-The TINE ~
making deposits of Greene Consolidated Copsos
and Cananea Central shares FOR tbs new s'oc- =
the Greene-Cananea Company, the neldInS 1osf
panv has been extended TO June L On AP'4'
the time was extended TO April %. ,-s-7snv
MULTIPLICATION OF DELAWARE q Ho-,
IEASE-Stockholders of the Delaware q h1- -s-'
C-oD,nenv at the annual meeting on May IA
hs asked TO vote upon an agreement Hioo.s-
the coupany's lease of the ChateauSay q ~
Placid Railway Company - NJ
MERCHANTS AND MINERS SUR -
order to secure participauOH -
New York. New Haven S Hartford Railroad 49, 80
exchange plan all OF the stockholders Oh 'no -.
chants ana Miners Transportation COMPANY -
dsDosited their stock with the safe DeVuss -
1rust COMPANY BY the plan the eapiIal -,
the transportation company Is TO be inclS1So d.
s. O0O.0OO TO S5.e000tt uq,anclaI
MOVEMENT OF COTTON - inc - e-r
Chronicle" reports the total receipts OF
the week ended April 10 at 'S4Sl o@i's, -, ,hs-
M ash bales in the preceding week. u la So1sss
total receipts since September / IsVo' ,ooscs
against S957 $50 bales for the same per0u " los q
showing an increase since sePteHi0'1
. Isl ,l6I bales ,. ,,,,,srlss are
sTF,Fyr. F2SIIS-It is estimated that inquA ,.s
Il, the market FOR delivery OF steel rams :. ~
aggregatng nearly $4,000 tons \ 49, All con
a leading steel rail concern said Steei --.r n,
,,,.to, ~ more eongested than they have 49, -.
Sa-,s ,,T,,o mast ana IL looks as though
tonDaqe calling for delivery this year W.. az
,.,r,ad over into 1905 We far oehlHe = 1s,-
-. - 7 ,,,sss.o other mills are similarly -.