New-York tribune., 1907-10-03
NEW-YoRK TRIBUNE THURSDAY OCTOBER g. 1907
TOPICS OF THE STREET.

FOREIGN TRADING.-Arbtrage houses sold
apout hfteen thousand shares balance in this
market the foreign selling including Union Pa
cluc Readlng and the United States Steel issues
american stocks in London weak from the
0ng' 00penhg' tne tendency being most pronounced in
On Oahadlan Pacific which declined nearly points
On the curb an effort made to advance Amer
ic rcAh STOCKS on buying orders from New York
me general list on the London Exchange was
steady but inactive, except for the copper stocks
which were weak
DIVIDENDS DECLARED.-The directors of the
Atchlson, Topeka & Santa Fe Railway Company
nave declared the regular semi-annual dividend Of
3 per cent on the common stock. The directors of
me Ine cleveland. Cincinnati, Chicago & st. Louis
A'aii"dy company have declared the regular
quarterly dividend OF Ia per cent the preferred
STOCK payable on October q. The directors OF
the Tennessee Coal, Iron & Railroad Company
nave declared the regular quarterly dividend OF 1
per cent on the common stock and per cent on
the preferred, both payable on November /.
APPLICATION TO LIsT.-The American Tele-
pnole ana Telegraph Company has applied to the
New York Stock Exchange to list 81 925, 200 add-
tional capital stock.
FOR BURLINGTCNs SINKING FUND.-The
Chlcago Burlington & Quincy Railroad Company
announces that the of S232Ois has been set
apart for sinking fund purposes. and will be ap-
piled TO the purchase of Chicago, Burlington &
quincy, Iowa Division. bonds at the lowest price
not TO exceed par and accrued interest for per
cent bonds or 105 and accrued interest for per
cent bonds.
good authority on St Paul says that the company's
books show an increase of $50 names in the indi-
'-N@'hi iN4N'AiSS NlIIlin the last TWO NOHNIS.
SAILED FOR SOUTH OF FRANCE.-C. Palmer
Woodbury.. of Swartwout & Appenzear sailed yes
terday for Southern France
+ IRON AND STEEL CONDITIONS.-"The Iron
Age says:
Reports of the closing down of steel works. ap-
pareTtly started with an object should be RECEIVED
with reserve An instance of these false statements
Ragfs nai5sr at L Edgar @ tn Thomson and Homestead As
and Duquesne works Of the Carnegie Steel Com
pany are in full operation. There has been little
Scsrc see Central dr West is r and is expected 10 be
city of suitable ores Foundry irons, howeVer. are
weaker, the furnaces using lake ores finding some
Mountains the market is fairly steady, but with
and off grades Southern makers. While recognizing
the downward tendency, see no motive for cutting
ths stsi year, & and the stocks are very light
now quotes SIS . for Besseer and $50 20 for open
negd hearh Dists Reported sales for eXpor are in
done In steel rails for export During the last week
been placed the aggregate being about 1000 tons,
wire for shipment to Canada.
The Iron Trade Review" says:
Sim the end oH whOgt thsSt s & s pa4e
6g Re9 @nd II The lee f4Gt 6 that That his his
there viii not be serious depression in business
Buying by some interests is undeniably light. and
steel products to be hauled releases rolling stock
and decreases the demand for 1t is
pected. however. that large orders for steel rails
will be placed the rail SpeCifiCa-
tions agreed upon by the joint committee which
has been considering them for some time. Condi-
tons in this country are reflected in England. and
there seems to be worldwide tendency toward de-
creased activity in the iron and steel business EX
port trade. however, is showing indications of i'm
provement- An inquiry is pending for 5000 tons
OF light rails for Turkey, with the prospect that
bridge material will be shipped to Chill, China aud
Japan.
The I iron amos market ,o ye o agie ora Th
for structural materials last month amounted TO
than 10000 tons. of which only about one
fourth went TO the principal producer.
UNITED VERDE RESTRICTING OUTPUT
The United Verde Copper Company, it IS announced
from Boston. is producing less than 20O00000 pounds
Of copper year, as curtaiment of approximately
% per cent IS being enforced at the property and
number Of men have been laid off. The company
produced last year. according TO its return the
Arizona mining authorities SO S22 25 pounds cop
per. The reduction in output is being carried out
for the most part account OF the condition Of
the copper market, but Inability to secure fuel in
sufficient quantities is also responsible to
siderable extent.