New-York tribune., 1908-09-17
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses sold os
balance in the local market but operations for
London account were unimpOrtant- There vas
however. some selling outside OF arbitrage chan
nels especially in the Hill stocks IN London
the general market was inactive and weak IN ths
greater number of issues. Money at the British
capital was in better demand. and call funds al
vanced from u to = Of per cent Short tins
bills were weak. but sitter rates were predicted
for the end Of the month
STEEL SHIPMENTS INCREASE.-It bs
stated officially that steel shipments show sub
stantial increase since September 1. and manu-
facturers regard the outlook encouraging Ths
active branches at the present time are virs
tubes sheets and bars In the month OF Angus.
the leading interests booked 140 600 tons Of wirs
products and since September this branch shows
a further increase AS matter Of fact orders
running IN excess OF capacity. june. July
and August are the dull months In the wire trads.
but the active is now well under way.
About so per cent Of the wire mills Of the eoun-
try are now in operation, 20 per cent OF the tuus
plants and 20 per cent of the sheet mills Bar
manufacturers are also operating more than 70
per cent of their capacity Business in several
of the aforementioned lines reflects the prosperous
conditions existing in the agricultural districts
ILLINOIS CENTRAL STOCK--The second IN
staIrnent OF 80 per cent the Illinois Centrafs
new stock issue OF S426.00O. calling for the pay
rnent OF 81 5000 falls due to-day. The cert1caies
for the full paid shares will be issued tmnediatey
This stock is part of an issue OF SS5l2Go which
the stockholders authorized at special meeting N
Chicago last May. TO be offered TO the holders
cent OF the number Of shares owned The directors
decided TO issue this time only half the amount
allowed and they have the right 70 sell the oaanes
in the form of bonds convertible INTO STOCK II tns'
think It advisable.
DIVIDENDS Observation-Disclosures have been
declared as follows: American Caramel COMPANY
regular quarterly per cent on the preferred. ps.
able October J., New York DOCK Company resulas
serni-annuaI 2 per cent on the preferred. payans
October Is Union Typewriter Company. resAa,
semi annual 31a per cent on the first preIerIeu az
per cent on the second preferred. payable Ocfooe.
/ New York Trust Company. regular quaTtely,
per cent. payable September % Proctor & Gannu.'
Co. regular quarterly per cent on the preie.rrs; ;
payable October L. The Bowling Green Ai1''
Company, per cent. payable OCTOBER /
BALTIMORE & OHIO EARNINGS.-The Bai-,
more & Ohio Railroad COmpanys Statement -
earnings and expenses for the month OF Ausus-
1908 and the second month OF the nscaI yea. ~.
elusive Of outside -operationsl. compared W
August. 1907. shows: Gross earnings I9Ve 80. So
PSI: 1907 S7724 SO7 decrease $1352O9b Exps1s -
1905 S3S72.659 1907. s5.O61.9 decrease. a.
Net earnings. 1908. s2.499 592: 1901 S2oozS-' -
crease 1852 735 For the two months ended a-sI =,
81 as compared with the same period OF 1' o 80.
statement shows: Gross earnings IgoS' as,
1907 s14.976. 21O: decrease. S2Ss1.N94 EApsisS ps,S
1905 $3.50 TOs: 1907. S1Oo09. 295 decrease s,:.
So Net earnings 1908. s4,52264S; l9of' Sf'''''''
decrease. s44S.2s7- -,
COPPER TRADE CONDITIONS.-T>ere ~
been good buying Of copper by many OF the Ia.s,
consuming concerns One Of the largest - -.
companies has purchased sufficient copper - ~ -
ply its plants through the faiL. proNi0iIe : Is-s
no increase in business from the pres7nN ~
Other consumers have also purchased copp cpp ~
delivery running through September eoT Ocsg w.
November Copper prices remain prac.5 .lsc-
changed. One Of the largest aSeIir4SS 49,
trolytic at 1Ss4d137sc ,sos
VALUE OF FARM PRODUCTS IN ,ss
The Wall Street Journal estimates o., ne
! gross value of the leading farm preuuc. ~ 81
wear 1908 amounts TO the enormous sun !, "a
I 500 600 OOO Compared with the estlrnaes es tns
Department Of Agriculture for carrier .-,s-,-ar
is the record total in the history u
farming. - nrVt
NEW YORK CENTRAL REGULAR - Ia
DEND-The directors OF the New forN rN.eS 80 4,
have declared a regular quarterly divlcei- 80 u@
reItre JacIarattons and compares with n =
cent nine months ago and year ago srs
MONEY FOR NEW ORLEANS. L-ln.s..srasF
Treasury transferred for local banks :. i, %
s250000 20 New Orleans Iotal , ,,ovsrrsr;
account since the beginning Of the m0''
amount to $685. 900