New-York tribune., 1907-12-10
TOPICS OF THE STREET

FOREIGN TRADING--FOTeign houses sold IAN.
shares In the local market There was no buvi,.
for European account OF consequence and rs
curb market abroad was too narrow to encour.gs
activity among arbitrage houses In London -
general market was inactive at uniTnportant nrn
| changes. except in the copper shares, which vsv
weak. Consols were fractionally lower Call nona
easy at 31s per cent, but discounts stirenad :.
5s4 per cent on the American Withdrawals Of gots
New York got most of the South African gold =
the open market The Bank OF England holds
number of bills maturing this week. and discour,.
are likely to be firm for few days. rrr,o
from Paris is current that syndicate OF Cont
mental bankers have arranged for Russian a. ns-
cent loan
IRON SITUATION.-Rogers. Brown Co sa-
'"Fhe money situation continued 10 improve ana
manufacturers find their banks more inclined -
extend their usual accommodations. This rnak..
it possible to lay plans for the future, and soos
many buyers quietly sounding the rnarkst
There have been ruIrors or an enormous tonnas.
OF Southern non sold at low figure. but thers
seems TO be foundation for these reports +,
this market there is only small business don.
from day to day in foundry irons. with one sal. n
10, 600 basic reported IN Eastern Pennsyivanfs
Prices are practically unchanged since last weet
The which production is being cut dov,
has caused some fear that shortage might occu,
in mdwinter, but It is early yet to speculate On
such a possibility. The blast furnac- output has
proved itself elastic than ever before. and vu
doubtless adjust itself pretty promptly to the rs
viYal of demand which must inevitably come with
better banking conditions. For the time be,ny
prices indicate no fear on the part Of prodhcers
of a shortage IN the near furure-
GRAIN RECEIPTS AT CHICAGO.-Grain ~,
ceipts at Chicago all kinds, amounted !,
3.246535 bushels Increase OF o66,2S8 bushes
but they were 446 oil bushels less than year ar
Wheat arrivals fell off 80 1876 bushels for the week
and 21s.363 bushels from a year ago. Deliveries
Of corn Increased 355 $50 bushels the preceding
week and we're 1s6.052 bushels larger than Last
year. Receipts OF oats Increased 3Bo,o52 bushels
for the week and were 1883 ahead Of e year azo
ALABAMA CONSOLIDATED COAL AND IRON
DIVIDEND Observation-Disclosures Of the Ala
barna Consolidated Coal and Iron Company hav.
deferred the declaration of the preferred dividend
The stock has been paying u per cent quarterly
A director of the company SAYS: The defsrring 0f
action the regular quarterly z per cent dfvt-
dend on the preferred stock Is merely q postpone
ment and Is IN sense TO be considered a passing
Of II The dividend has been more than earned
The net results of the years business are the larg
est In the history of the company"
AMERICAN LOCOMOTIVE ths action Of
the directors OF the American Car and Foundry
C,onnanv NAV BE- taken as an Indication, the reg1-
lar 1r1arterIv dividend Of IL per cent IN the con-
mon stock OF the American Locomotive Company
will be declared when the conpanys directors meet
for dividend action next week The American Lo-
cornotive Company and the American Car and
Foundry Company are approximately IN the same
position. They both have been doing a large bust
ness I'm the last three years but are row receiving
few new orders.
OFFER FOR WESTERN ELECTRIC COMPANY
STOCK-E. VI. Barton, president Of the Western
Electric Company, has issued a elfeulaI 70 the
stockholders conveying an offer by the American
Telephone and Telegraph Company 10 purchase
their stock The American Telephone and Tee-
graph Company controls the Western Electric
Company but is seeking 10 buy up all the shares.
LISTED On LONDON STOCK EXCHANGE
The London Stock Exchange has ordered TO BE-
o,oted In the official list United States Steel Cor
poration Limited $50. 900 additional tensixty
wear per cent sinking fund gold bonds for slaea
each, No 17o.0o1 to 100000
ANsIGAMATED AND ANACONDA DiVE
DE,NDS-It generally is believed In Wall Street
thar radical reductions will be made In the Anal
eamated Copper and Anaconda dividends az the
corning meetings. The AnalgamaTed Copper CON-
nanv and it's subsidiaries have been losing money
for -be last sixty days and If any dividends an.
declared surplus will have TO be drawn upon. Tns
is admitted by interests in close touch WIN tne
situation
CURRENCY MOvEMENT--TransIers OF money
for the local banks through the Suo-Ireasury IRON
October I9 TO the present time nave announced %
aho,1t s4s 900 0o0 the heaviest shipments navns
been for Chicago and San Francisco account Ihs
Ia+ loss bv transfer and direct shipments IN tns
time named has been upward OF sl0foUV'VoV-
dividends pECLAREp--Dfvtdends have oeen
5scI,red az follows. American Surety Ccnpany
reeuIar quarterly per cent. payable december 81
r-ticago (. Great Western regular semi -aInua! .
ner cent on the per cent debenture stock payaos