New-York tribune., 1907-10-24
TOPICS OF TIE STREET.

FOREIGN TRADING-Foreixn houses tradsd
both ways in this market sales exceeding pur-
chases by about 25 900 shares. The sales included
Union Pacific. the United States Steel issues and
the copper stocks. American stocks IN London
weak and lower. The general market was nervous.
with declining tendency There no further
selling of American stocks in London for Conti-
mental account.
NEW Pennsylvania DIRECTOR-Parcivai
Roberts, jr., has been elected a director OF the
Pennsylvania Railroad Company. In place Of the
late A ". Fox.
SECURITIES LISTED-The following securities
have been added 10 the Stock Exchange list: $685..
go additional special guaranteed betterment stock
or the Cleveland < Pittsburg Railroad Company,
S10Oo0O00 first lien equipment Az per cent ffteen-
year coupon bonds Of 1922 OF the Delaware & Hud-,
Company and s21 95 200 additional capital stock
Of the American Telephone and Telegraph Com
pany.
ANOTHER DECLINE IN COPPER-The Metal
Exchange yesterday quoted copper prices off u ali
around-Lake. u to 12h: electrolyuc uss to Ms.
and casting. ui5 to 1l%-
DIVIDENDS DECLARED-The Pressed Steel.
Car Company has declared the regular quarterly
payable November q. The directors of the Pa
cifc Bank have declared the regular quarterly div
dend Of per cent payable on November
NEW COLORADO FUEL DIRECTOR--L II.
Bowers has been elected a director OF the Colo
RADIO Fuel and Iron Company. to succeed r. C.
Clowry. resigned.
PIG IRON CERTIFICATEs.-Pig iron certin-
Gates at the New York Produce Exchange were
slightly easier for but steady for late months.
There were no sales. Prices for standard foundry
follow: October and November. S19 80 asked; De-
cember, Ns 20 asked; January. February and
March, so asked.
METALS CONIPANT's BIG SALE OF COPPER
The United Metals Selling Company, IL Is aU-
thortatively stated has sold 30. 200 pounds OF
copper this month. principally for export. at
average price OF 12S cents.
IRON AND STEEL CONDITIoNS.-"Ths IRON
Age says:
prices for finished iron and steel have been kept
at moderate level. and. while they will probably
be adjusted to a Iessened consumption as the oc-
casion arises, there Is prospect Of any such
performance as we have witnessed In copper and
in tin
level the price Is steady In the South and In the
Central West the deadlock between buyers and
sellers continues The hopes OF an early move
ment OF contracting for next year are vanishing,
the market were thoroughly tested feature
however is the very low ebb OF stocks in all quar-
ters
The mills are catching up plates and sheets.
and In the case of the latter some concessions
being made A decline In tinplate is looked for
ward TO by the trade, since there has been a drop
in pig tin from more than 45 cents. pound to
close to 80 cents q pound. The wire trade stands
forth as the one in which orders are still coming
forward TO the mills in almost undiElintshed vol
ums.'
..Tbc Iron Trade Review says:
prices on Southern pig iron have declined sharp
fv the reduction being from 10 cents 10 81 a ton
The prices OF light rails have been reduced from
50 TO S3 ton The market IN crude steel IS easier.
and II is believed that current quotations could be
where one mill IS temporarily closed. and does noe
show much strength elsewhere Business IN TN
Mate and sheets Is dull and a number OF plants
are Idle"