New-York tribune., 1907-12-19
TOPICS OF THE STREET

FOREIGN TRADING--Foreign houses d.,h
$1,000 shares in the local market buyinr "a n
shares In London consois We're unchanoaa w"
the general market steady, with fair asv,s'nd ana
in the American department. The close Z, meg meg
issues. however presented a heavy tone N.A
was in good demand Discount rates wers ssy
at per cent. Some mixed parcels Of bills ,hy ay
four and six months, were negotiated ar ~
cent and the India Council put ort thirrv-s - xa
money at J14 per cent The Bank OF Denmark 10y @
Vanced Its discount rate to : cent. due - :,
stringency in Berlin. where it is possible ne
advance may be made in the rate of the Ir,nes Iaes
Bank of Germany.
DIVIDENDS DECLARED.-Dividends hav.
declared follows: Proctor & Gambia r..,n
quarterly per cent the preferred nas.. sar
January -; Bank of New York regular serni,r,oe
per cent, payable January =: Title Gra-asa
and Trust Company regular quarterly 4 nor ss ~
payable December 81: Mnehiu & SchuyIkil F,.le Int
Railroad regular semi-annuaI 2Ja per cent go
January 10: Irving National Bank regular n1a-.s
per cent payable January 1; Standard co,riy
Company regular semi i-annual per cent a. ~
preferred and 2tz per cent on the common nsv,s1
December "a; Canada Southern regular sern5.
nuaI IA per cent; New York Central regular n,s,
terlv l12 per cent. Carthage. WdtertOwn & Saete,,
HarbOr Company semi-annua 2h per cent ,avo,,
December 81; St Lawrence & Adirondack anr~.1
; per cent. payable December 81. American T.1
phone and Telegraph regular quarterly par cav.
Bank of America sem-annuaI Is per cent psvaS
January 2; Pennsylvania Company per cent .srs-
annual: Pittsburg Cincinnati. Chicago & ST. I,,s
regular semi-annua1 21s per cent on the prsfs--s
and per cent the common; New York T-rs
Company regular quarterly per cent psvahs
December 81 Lehgh Valley regular sem-anrr,
per cent and the usual 1 per cent extra on ts
common and . per cent semi annual on .ha nv.
ferred: Manchester Light and Traction Con,,a.
regular quarterly per cent; Electric Boat Cor
panv regular quarterly per cent on the prsfe--.a
and 2 per cent on the common; Franklin rruv
Company regular quarterly 81 per cent. payabl.
January .; Reading regular semt-annuaI ps-
cent on the common
COPPER SITUATION-The Boston & NTa,sa,.
Copper Company. the only subsidiary % the Anal
sau1ated Copper Company IN operation. IS now n-,
ducius about five-seventhS % fts normal ov-nu+
In other words, it's production Is now running ;.
the rate Of about 65.00o.ooo pounds year n,
stated that a large number Of WoTkmen rendsrss
idle bv the closing of the Wsshoe smelter and tbs
An1aIcarn mated Copper Company. have been trans
ferred TO the Great Falls snelter- There is little
change in the copper situation Buying continuss
light hut producers say consumers would readily
.p+ar the market if thew able 70 procure nsc
essar,, funds y better idea u the oItlook f,-
1907 can be obtained in January Of next year.
ROCK ISLAND RAILWAY DIRECTORS or.
f.ANTZE.-The directors OF the Chicago. Rock Ia.
and & Pacific Railway Company met yesterday and
organized by re-eIectirg the retiring officers Tss
Old executives committee vas also reelected TIE
foIlov-re appointments made Q. ". HiIlfard
fourth vice-president. s 7 Fulton assistant 70 hs
nrAsident: G. T. Boggs. assistant secretary and as
sstant treasurer. c F. J1scn. assistant secrctzv
and assistant treasurer and H II sloan, assistant
TO the fourth vfce-presidenr.
=
More than 100000 viii have 10 be raised within
the first three months Of nexr year for the purpoe
of refunding short term notes CT various corpora
tions which mature by April ! TINS IS entirely
apart from fresh capital when Is Known 20 Do
needed hv corporations. ard which attempt vl
be made TO raise at the earliest possible dats-
INTERNATIONAL PAPER--A stockhoidsr Of
Nh. International Paper Company saws y the prop
e-ries Of the company were appraised and the ua--
sgsn1ent should make exhibit of tie conpanys
assets its woodlands and vaterQover alone would
warrant q price Of par for tire preferred stock
GOLD IIiPORTS--The Irving National Bank has
engaged S7O0etl gold in London for shipment on The
,-arnaris which sails from Liverpool on Decsnn-
her u making total Of Sl'SSa.fse engaged on tha
r-eseut movement The steamship Havana. from
Havana which arrived Tuesday. had fourteen cases
of United States currency, valued at s+ssee s1d
consigned TO the National City Bank.
STANDARD STEEL CAR.-The Standard stesl
f-sr Cornpanv has increased its capital stock ron
e n,0 90, 70 g Nt0dt The additional capital repre-
seuts the cornpany's interest in the new Hammond
Ind plant completed early in the year ana now
merged with the parent company
TENNESSEE COAL. And IRON.-It is otacialr
stated that all but few shares of Vhe common
stock OF the Tennessee Coal and Iron Company
have been turned III under the merger pan VIII
the United States Steel Corporation.
AIR BRAKE DIVIDEND DEFERRED-Ths d.
rsctors of the New York Air Breae COMPANY rave
decided 70 defer action OF the clvidehd OWING ="
money market conditions
COTTON EXCHANGE EXTRA Ho1GDAF-rhi
members of the New York Cotton Exchangs hase
voted to close the exchange on December . tns
petition to suspend business On January was Vo'e'
down.
CURRENCY TRANSFERS S-The sue-Ireasm.
Transferred Yesterday for Iorai banks sS2S" SA''
going 10 New Orleans, SS1Aa'o TO san FraneiS''
S.5o ST Louis and SJ1i.sfp to chicago