New-York tribune., 1908-04-16
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses sod
few thousand shares Of stock IN This market. buy
ing nothing. The business done. as on ths ~.
preceding days Of the week. represented evening
up commitments in anticipation OF the Ezsss-
holidays. American stocks in London were
ceedngiy dull and such price changes as occurred
represented trffing declines The general marks.
also was very inactivs. but in the main hr-n-
DIVIDENDS DECLARED.-Th- directors q Il.
Clared the regular quarterly dividend Of per
payable on April % \ seuli-annuel dividend %
on the stock Of the New Central Coal Coupa1v
The dividend was passed IN November. ard ~
present rate is the same "a that Of declarations
prior 10 that date
NEW OFFICERS ELECTED-EdSar 3 Ba--att
has been elected president OF the Union Bzz and
Paper Company. succeeding L G Fisce-. q Chi
cazo. who has been made chairman of n boz-d
John H, Derby has been elected first vtce-presi-
dent. the place formerly occupied BY him as ser
ond vice-president being Hued by the e-ec--c, %
J. A Kimberley.
REALTY DIVIDEND REDCCED-Ths directors
Of the United states Realty and IIp-ovs1,sat
Company have declared quarterly dividend q
per cent which compares with II Per cent d.
clared three months ago. The dividend : pagaSs
On May l.
LARGER NUMBER OF IDLE CARS-Th- zun-
Der Of idle freight cars n The United states and
Canada on April I. reported 20 ths American
Railway Association. was 5os-5o' against 2S-o+7 On
March IS. the daIe Of the last preceding report sa
increase OF s.465-.
RUBBER COMPANYs BUSINESS FAIRLY
Company IS running between So and % per cert q
normal 4 representative Of the company states
however. that plans are under way 70 increase ths
the falling OF Of more than 81 900 600 in he szr1-
irgs OF the company for The fiscal year ended
March 81 last. he said The shri1kzgs vas due
entirely 10 the poor showing IN the last hzt q ts
year. particularly in the last quarter. Icsl. again
climatic conditions were not as favorable 70 rs
rubber industry IN the winter % 1906 o.
SOUTHERN RAILWAYS NEW OFFICES-Th,
New York Offices Of the SOuthe-- Railway Con-
pany- the Alabau1a Great southern Railroad Con-
N-su- 4
Railway Company and the Georgia Southern
Florida Railway Company were removed yesterass
from No. 50 Broadway 20 the Hudson LsrI1iaa4-
Cor1landt Building. No. so Church street
IRON AND STEEL CONDITIONS Iron
Age says. The reports Of sales OF Alabama pig
iron 70 Italy in a quantity varlous-y esinns1ea
100000 10 10000 tons. DO not appear 20 have
any basis in fact. The largest Birmingham nsr-
chant interest did sell ten days ago l0t q laees
tons 70 Genoa and ths second largest interest II
tonnage OF merchant iron has during the last rev
weeks sold. in small lots, total OF about ssee
tons, in addition 70 5000 tons shipped some tn'
ago. The steel markets are very quiet and some
uneasness is developing in one Of the branches of
finished iron and steel. Concessions a-s belns
made on iron bars. with IS5c PitrsbUrS being
openly quoted, and that n turn affecting siss-
bars"
The Iron Trade Review" saws: Walls there Is
increased activity in some lines, -al mills snt
other plants are not turning out sucl large Ioa-
nagss they did a month ago II STRUCTURE
material. contracts for about $4,000 tons hsvs
been placed n the Chicago TERRITORY. The prtnci-
pal contract being for the Corn Products Re1nIng
Company, involving $500 tons Of structural steel
and about 500 tons Cf castings, rhs DT-cs esirg
So ton Although this IS very low Tor raoIi-
eating material. there - no evidence hat Lsss
than the full prices VIII be psld FOR r-a sJTuct-
uTsi shapes Present conditions I'D -la pig iron
market ara far from sacisfac-cr- ID r-e sellers
"A meeting at which about f1u~-6F-S Of ras
Southern furnace capacity was represented va
held last week in BlrminEla-a and CONDITIONS
we're thoroughly discussed No c1----s-or Vas
reached and another meeting VIII Ia held ID N NsH
=. - an
Northern and southern producers zrldencsS oi
Improvement II steel bars are rCycsa . eSpecal
III the PlLtsOUTg aOC Chicago districts = r1n-
her Of large contracts for cotton ties -svs ceea
placed since the opening Of The market laSJ TseN
or the $4,000 tons OF rails FOR the N@w YORK tel-
traI lines $1,000 Viii - rolled ar r-5 Err,s SEED
Company mills