New-York tribune., 1907-01-10
TOPICS OF THE STREET

FOREIGN TRADING.-Transaction for foreign
account aggregated from 10000 TO 5000 shares with
sales slightly exceeding purchases. The principal
trading was in Union Pacific. Southern Paclhc anu
Atchison American stocks in London were irregu-
lar The Hartman issues showed fair strength out
the coaIers inclined to sell OF Consols were
steady and foreign bonds heavy copper STOCKS
showed a rather Irregular reaction, but the mining
department was quite firm. There is not much
expectation OF activity In the London market for
American stocks until after the settlement begin
ming on Monday. when an assured outlook for
easier money may stimulate buying OF stocks fo-
the new account The London stock market closed
irregular and inactive Foreign bourses closed Arm
without much feature. American stocks on the
curb were inactive but hardened little.
DIVIDENDS DECLARED,-The directors OF the
United Copper Company have declared a regular
quarterly dividend of III per cent and an extra
dividend Of "a per cent the common stock. the
total being the same as three months 'go when
the quarterly dividend declared IL per cent
and the extra dividend was Z per cent. The d.
rectors also aside the funds necessary FOR pay
ing The semi annual dividends due Nav Is and
November Is the preferred stock The direc-
tors OF the Northern Pacific Railway COMPANY have
declared the regular quarterly dividend of Il. ner
cent payable on February 1. The regular quar-
terlv dividend of I per cent has been declared
the stock os The American District Telegraph Com
pany payable on January %
SECURITIES LISTED.-The following securities
have been added TO the STOCK t-NcS1rSG lSt- 81
SEA- 400 additional capital stock of the PennsyI-
yarla Railroad Company, s5.74610O cumulative PFC
ferred stock and S3,I1s,10O common stock Of the
American Malt Corporation. s2,l49,20o additional
capital stock Of the Northern Central Railway
Company and SIS 600 additional refurding mort
gage ; per cent coupon bonds Of 1947 OF the Chi
cago. Indianapolis & Louisville Railway Company.
HIGH PRICES FOR STEEL RAILS-A consId-
cradle tonnage OF steel rails has been sold
by independent mills at prices above the ''cfflciar'
rate CT s2S a ton sales at $40 80 and $40 a Ton
aggregate more than $4,000 tons not including the
sale bv the Bethlehem Steel Company OF % 500
tons TO the Hartman lines at $50 a ton The
United States steel Corporation stHI quotes stan
dard section rails at $2S a ton The Illinois Steel
Company. subsidiary Of the United States Steel
Corporation has sCld practically its entire possible
production for the current year at s2S
DELAWARE VALLEY RAILROAD NEW d.
RECTOR-At the annual meeting OF the stock
holders OF the Delaware Valley Railroad Compa ny.
on Tuesday Arthur Lederer elected a director
PIG IRON QUOTATIONS.-Pig iron certificates
at the New York Produce Exchange were steady
and more active. There were sales of $40 tons OF
standard foundry April at So -. Quotations for
regular follow: Cash January. February and
March 81 60 bid. Prices for standard foundry fol-
low Cash. s22 - bid; January and February s22 75
$24 March. $50 75Gs23 So April and May, So 5gs23
June, S22G$22 90
NEW OFFICERS OF LIBERTY NATIONAL
BANK-Charles W. Reicks, formerly cashier OF
the Liberty National Bank, has been elected TO
the second vice presidency. office. Mr..
Reicks's place cashier has BEEN filled by the
appointment of James V. Lott formerly cashier of
the Mercantile National Bank.
NORTHERN PACIFIC RIGHTS ON STOCK
EXCHANGE,-The Northern Pacific Railway Com
pany rights admitted yesterday to quotation
on the Stock Exchange The authorization is
y Z r. T S. Secretary Ely. of the Stock Exchange
announces that January Il has been decided upon
settlement day for the rights.