New-York tribune., 1908-12-04
TOPICS OF THE STREET.

,,o,r,rc,N- rpA pA1T>zT. -Fore4zu houses sold 10
ward Of 10000 shares on balance n tSS 60 -
l,e+ the heaviest sales being IN Union Pzc1nc ana
9-.;+ad states steel common In London co1sois
were strong and the general marAet vs. I'm -
Inactive Call money was easy az tne al LlC-s @ -
tai Bills discounted as low as IS Per csn.'
IRE Bank Of England made no changs In Us MINI.
mum rate Of discount and showed proPoEllol o
reserve 10 liability OF 1880 per cent WILcn cOln-
r5,res With an eight-year average Of 4522-
DIVIDENDS DECLARED--Dividsnds have been
declared as follows: Safety Car Heating and
Lighting Company regular quaIterLy P@1 r. -. -
an extra dividend OF / per cent paSaols DeSSniD-r
%: American Can Company regular quarterly "a
per the preferred paSaDie JalIaI! :.
InzersoIl- Rand Company regular seIIl-annlzL per
cent on the preferred. payable January z; Bl1tal'
Mines Company quarterly per cent and 3 HaenLniy
1 per cent payable January 2 Denver & Hlo
CIrdnds semi n1Ial L-z Per cent Oll ti'7 Iii7s
payabIe January 15-
COBALT CENTRAL DIVIDEED--Thoras A.
Nevins. president Of the CooaS CenIral VINES SoH
pany. announces thst at the next I1esll4s = 2 q =
directors of the company in this cry on becnoes
Il an initial dividend will be declared on tns ooH-
pany's stock
p0CK ISLAND BONDS SOLD-Speysr 3 O.
announced that the entire sa.ooooeo chicago.
Rock Island & Pacific first and retUnt1ns mort
gage per cent bonds have oeen S+--. soLo zL- -
thev are unable 10 receive further suoscrlPl-ons
STOCK EXCHANGE HOLIDAY--The members
Of the stock Exchange have petitioned the govern
ing committee 70 close the exchange on Sa-uFoaE'
December 96. following Christmas Day
NEW STOCK EXCHANGE E1fBERs-Ernest
Vail Stebbins. George a Hurty- Howard L. eToo.-
hart and Lewis r HsTnI1ersIough nave oe71 e-71N
ed members Of the New York Stock Exchange
AMERICAN COTTON OIL--At the annual
meeting Of the American Cotton OIL ConpanE
TTsnrv a Wehrane. OF HaIlgartsn & Co Vas
elected director to succeed Joseph Larccq19' ds-
ceased.
VIRGINIAN RAILWAY NOTES ALL sOl~D-
Redmond & Co announce that the $S-l5o.oot VI
ginian Railway first lien equipment pe- esn-
notes purchased by them have all been sold
THE BUSINESS OUTLoO6--F1sS & Rohnscrs
Monthly Bulletin Of Investments for pece-nos'
says
conservative optimism Is quite u1lch N o.
der nov SIS Il was months ago. when cono-Llons
making for tho revival Of business we're but Iuss
beginning to manifest themselves We should -
ware Of Infection from that Overenthustss71 Tnlea
which inevitably must b. taken before the process
OF business restoration is complete The J1ohs-
tions Of the enthusiast to-day, stimulated poSSss
by the rise in prices the exchange are gu
liable to give place Tomorrow. even under SisM
provOcation. to dreful predictions As 20 the f1ls
and weak repinings that recovery IS Tagging s1o-s
No Importance should be attached to either. ror y
is neither from the heights the depths thar ts
real situation iS determined Il IS matter Of =,
ord that the march OF Improvement not only hss
been bun IS being well maintained. and % sssa
more rapid than could TsaSona bly, Be eNpsctsc. -
view OF the severity Of last years crisis and -
conlpanyinz panic For many a SWitter =
covery would have been undesirable and sspscla.e
might undue haste have proved fatal 70 those ae,
cate read justuents so essential to the cornpes
and right settlement Of our difficulties u mers
ance Of that uninterrupted progression which - -
been the chief and most gratifying feature N -
rehabiHtat tfon Of our commercial and l1duStN
life"