New-York tribune., 1908-03-21
TOPICS OF THE STREET.

TOPICS OF THE STREET
FOREIGN TRADTNG-I.ondon sold abou, 1874,
shares Of stock on balance In this market Amsr-
can stocks In London were dull and fairly steadY
but were inclined to sell of in the curb trading
with Union Pacific Canadian Pacific and Uuitsf
States Steel rather freely offered The general.
change except that the copper stocks were weak
and lower.
DIVIDENDS DECLARED--Ths directors ot tbs
National Park Bank have declared the rerglap
quarterly dividend OF per cent. payable April =
The directors of the National Bank Of Commsrc<
have declared the regular quarterly dividend Of
per cent payable April 1. The directors ot ths
Hanover National Bank have declared the rss.Ias
quarterly dividend OF per cent. payable on April
l. The regular quarterly dividend OF per cent.
N. rahIe on April l. has declared the stoc<
Of the National Surety Company The directors .:
the Citizens Central National Bank have declared
a regular quarterly dividend or = per cent pay
,bIe ON anrjI / The has heretofore been B
nor cent seni-annuaIly. The directors OF the kar-
sas titv Southern Railway Company have declared
,b raq,,lar nuarterIv dividend OF per cent rs
preferred stock payable on April f5 The Tinted
Railways Company Of St Louis has declared hs
regular quarterly dividend Of ia per cent On -
preferred stock. payable April ~
r1-pTEF,R ADVANCE IN REFINED SUGARS.
Tho American Sugar Refining Company. the Va
tionaI Sugar Refining Company and AroucAle Bros
have further advanced their list prices for refnea
r,,osrs no roiuts to 5 20 cents a pound less ps-
cent for cash. for fine grsnIlated- The Feder7l
Sugar Refining Company also raiSNI l'S ist pTcss
10 points to $50 cents net less per cent t'r casn
for fine granulated. but continues to sell sugar &c
the same figures the other refneFs.
MOVEMENT OF MONEY-The reported
movements Of currency this week @ ln1lee.e d gan
in cash held by the banks OF sS2f5--'' mors
TIN half of which came from The interior Tbs
hanks received from the interior sl'55l.sVe and
sent to the interior s5.s29.6oo- including s3152-
Go ra+ionaI hank notes sent Washington 70.
redemption The gain from the interior was a.
$4,000
CHANGES IN SMELLING CONPANf-S W.
FccIes formerly manager or the traInc deparI-
n,ant Of the American Smelling and Refining
C,omnanv has been elected vfce-prestdent of that
company and OF the Smelters Secur1tles Con-
pany and will be in general charge or tne mnes
and mills of the two corporations ne piacs
made vacant by the promotion Of Mr. Eccles VIII
be filed by w NJ Sproule formerly traffic man
aeer of the Southern Pacific at San Franclsco.
Mr. EccIes has been reelected president OF Us
CumberIand-EIy Copper Company and vlce-ores-
dent of the Nevada Consolidated Copper COM
pany.
GRAIN EXPORTS FOR THE WEEK.-Brad-
streets reports the exports Of grain for ms
week figures in bushels. follows wheat, nour
included 2763.021. against 3.399,9o- last WeeA'
1.s7s.s14 in this week last year ana fo-9''of IN "a
1902 fiscal year, 164.25S.os9 compared Win
127 Ss36 in IsO6--01 and I90.I5Il4+ IN l99l-o--
Corn 3s3.649. contrasted with i+S9.iss Iast "esx
and 2.50S.7s6 in 1907: fiscal year f'''o''f'''
against 49.S25.223 in 19O6-O'-
COPPER QUOTATIONS. ADVANCED.-Ths
New York Metal Exchange has advanced us bid
quotation on copper 1sc. lake being nov 27sc 10
13c a pound eIectrolytic Il sc TO II ana cast
Ing 25sC to 122sc-
ECONOMIC, CONDITIONS DISCUSsED-Ths
March number of "McDowalTs Magazine
monthly publication which discusses subjects OF
interest investors. contains among other 1sa'-
ures an analysis of economic conditions and rae
and their influence on prices OF SecurIues-
CONDITIONS OF TRADE--''Dun's Reviex'
says:
Trade reports indicate little more activity ard
the percentage of idle machinery decreases. ou:
reductions in wages and dividends show INA.
the process of readjUstneut will take some tinle-
Weather conditions in all sections facilitate ths
distribution of seasonabIe wearing apparel and
house furnishings. improving sentiment. vet rsta-
ers are disposed to replenish stocks beyond
the business actually in sight Thus far no striis
is expected TO follow the new wage scales that 20
into effect next month. and the number Of unem-
plOyed will be materially reduced II labor VIII
contribute it's share to the lower cost OF produe-
ton necessary TO restore normal COnSumptluh
Prices securities have fuctuated irresularlE out
no general weakness followed the cuts in diyt-
dends the previous decline presumably discounts
ed smaller returns investments Railway earn
inSs in two weeks of March were l5-S per cent
smaller than in 1897. and foreign commerce az ths
port alone for the latest week showed gain o,
S5-ss6.ssi in exports and loss OF s6t51 80 IN m
ports compared with the week last year
Final returns for February established new hisa
record of exports from all ports OF the tm'el
States for that short month. while imports Ves
smaller than in the same month Of any reesnt
year supplying trade balance in favor OF ths
nation OF sSS 743.361 Immigration in February vas
scarcely more than one-third as large as n US
month last year Bank exchanges at New
York the week a. pe= cent smaller tnaa
a year previous. while other Ieadins ci'les tas
decrease q per cent"
Bradstreet'S says:
Improvement in sentiment and in actual g.
mand continues. but il proceeds under the ehecs-
rein of conservatism. which limits buying 10 slas
lots of staple goods Spring jobbins trade has sp'
parenty passed its zenith with total trade Erss,
perhaps than expected some months ago. 0l.
smaller oy far than year ago. Fall trade IS iol
chief activity has been in drysuOs and allied mes
especially millinery. which. far spring traa'
preparations concerned. makes relatively 0hs
of the best showinss Interest naturally csnus'
upon the outlook Tor retail trade t0r wHich ~&iA
spring weather is much 70 be desired
-'In industrial lines there is a good deal OF rrsS
ularity- While iron and steel prices have been ~
affirmed. pig shows weakness. despite mo,'
inquiry The reduction in output IN al tsA~.'
lines has been SO great as to cause question as y
lar. cereals and sugar advancing. while cotton Hss
broken sharply collections s-H hacaWd.-
being not better than fair ar any market w.
ticeable. Bank cleariuSs - Per cent x {
tiOn swelled bank transactions Railway esrnns {
are poor, with net returns heavily rcilced fA.
uTes numerous than last week As ~
CARDS the future, IL might be said that VINE -
outlook is hopeful. prospects seem indicate
least until probable crop yields b. pretty Va
p1e frnd'