New-York tribune., 1908-07-28
BONDS.
TOPICS OF THE STREET.

FOREIGN TRADING-Forefgn houses dealt in
10000 shares in the local market mostly sales In
London the general market was firm with some
improvement in consols at the close after weakness
in the early dealings. The fortnightly settlement
begins to-day, and much of the business yesterday
on the British Exchange was in the nature of
evening transactions Money was easy through
out. At the Continental centres there i'm
portant changes in financial conditions.
UNITED STATES sTEEL-Holland holds more
United States Steel common than any other for
eign nation Its holdings at present between
100000 and $4,000 shares. with par value
than s50.oeo0Oo. The syndicate holding the United
States Steel common issues certificates against
these shares, and receives in dividends each quar-
ter than S50060, which is at the rate of more
than $1,o0oooo year In the matter of busi-
the month of July will be the best the Steel
Corporation has experienced since the depression
Naturally, the increase in July orders will be
reflected in the statement for the quarter ended
June 3d. which will be made public after the meet
ing of the directors tomorrow. It is said that the
new orders so far this month not very far be-
hind the new business received in the corresponding
period of last year. In July of last year how
ever, new business was poor, notwithstanding that
some new high records in the matter of earnings
being made.
COPPER PRICES HIGHER-The United Metals
Selling Company. which handles the product ~ the
Amalgamated Copper Company and other in1por-
tant mines, is now quoting copper at 131. cents a
pound. This is advance of from Il to 4 cent a
pound compared with the quotation in the
earlier part of last week There is better de-
mand on the part of consumers, and one large
producer is selling nothing below 131. cents, This
is the highest price at which copper has sold in
months past. and producers are talking 14cent cor
per before the close of next month Some of the
large consumers are now in the market for fairly
large quantities The Metal Exchange quotes lake
copper up Is in both the bid and asked price~at Ii
10 13 cents; electrolytic up in the bid and asked
at 127s to Ii cents, and casting up 4 In the bid at
1875 to 124& cents.
TRAFFIC CONDITIONS IMPRovE-Cbicaeo
dispatches report slightly improved traffic condi-
tons Railroads operating east from Chicago and
ST Louis continue TO report small gains in ton
mage. The merchandise traffic Is more satxfac-
tory and there are slight gains In the iron and
steel traffic. Railroads whose business depends
largely upon the iron and steel tonnage are feeling
the loss of this business more keenly than are
those whose tonnage is made up OF general traffic
Provision tonnage is good. there being fair
amount of export business
HARTMAN DIVIDENDS H Farriroa, "a
planning to leave for the Northwest within a week
two for vacation trip extending over several
weeks. 1t is therefore regarded as likely that the
directors of the Union Pacific Railroad Counanv
and OF the Southern Pacific Company will take ac-
ton the dividends before the usual time MAX
ing the declarations prior to Mr. Harrimans de-
parture.
APPLICATION TO LIsT.-AppIica tion has been
made 10 list the following securities on the New
York Stock Exchange; Reading Company 81 s36,-
due 1897; Chicago. st Pauh Minneapolis & Omaha
s125.000 additional per cent consolidated mort
gage bonds. due 1890 Rubber Goods Nianufactilr-
ing Company s3.4f3. 300 preferred stock has been
transferred from the unlisted TO the regular de-
. partment-
CENTRAL PACIFIC BONDS SOLD-Kuhu
Loeb & Co. Speyer & Co. and the National City
Bank announce that the SIS 600 000 Central Pacific
bonds recently offered by them have been sold.
GOLD FOR CANADA--The Bank of New York
Bank OF Montreal shipped $3.50 000 making 81 49,
900 for Canadian account since the beginning OF
last week
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