New-York tribune., 1908-08-06
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses dealt n
900 shares in the local market. selling about Sas
shares on balance The London market for Amer
lean issues narrow The general London mar
ket closed easier in most departments. further
weakness developing in consols. Money vas easy
at the British capital and discounts were lower
The Continent a light buyer OF bills
COPPER PRICES HIGHER-The local metal ex-
change has advanced the price of copper Is for al
grades The first three days Of this week have been
marked with a continuation Of a broad copper mar
ket On Tuesday and yesterday several large sales
were made 1875 cents, delivered in thirty days,
indicating that prices continue on slight upward
tendency. The London market was closed Saturday
and Monday. but the buying was good Wnen u,
opened Tuesday. A feature Of the mOvenenr g
that considerable portion Of the sales are for
nearby delivery that is for August and September
The feeling is becoming more general that some
what higher prices will be seen in the near rurura
John Stanton believes copper will sell at "A cents
pound before the close of the month
COBALT CENTRAL. UNCOvERs NEW VEIN
The Cobalt Central Mines Company has uncovered
on the second level of its Daisy leasehold ven
eight inches wide and running five thousand ounces
Of silver to the ton Superintendent Young wires
from Cobalt that he had drifted on this VEN 1or
12O feet For this distance the ore blocked out ex-
ceeds in value $4,000 This body Of ore IS tnde2en
dent of the other veins now being worked on tn'
Big Pete and other Cobalt Central properties
DIVIDENDS DECTlARED.-Dfvidendsh have been
declared as follows: Gorharn Manufacturing COM
pany regular quarterly ~ per cent on the connlS'
rayab1e August u: American Suelters Securue'
Company regular quarterly IL PEI cent vi -
ferred A and 14 per cent on preferred 81 Nass
Benaent Pond Company regular H per cent on -
preferred payable August Is. and Ine -
quarterly III per ce1t the common. payaois -
tember 19 and Pratt & Whitney regular qua 80
H. per cent on the preferred payable August =
AMERICAN STEEL FOUNDRIES-Tne -. A -
lean Steel F'oundrfes Company has suornittSi -
following statement to the New forA SIUSA =
change showing its operations FOR the
months ended June D. last: Earnings. sSo'lSa ons
income. S1105S4; total income. S717Ils; interest," 49,
charges. Ss1Z.142. and surplus. S0o''
MARKET GOSsIP-It is understood ths G-s.
genheins are behind the advance IN Al.s's Alss
Smelling and National Lead The pool n CH1
ings and ii is believed large additions nave "a
made TO the holdings OF H c. Flick ana ne II7 -
National Bank interests. Commission houss. 80
port active investment buying IN steer q -. a
Foreign interests have been buyers OF On'A
Western.
AMERICAN TOBACCO EXTRA DIV L-s,r
The directors Of the American Tobacco COYs q,
have declared an extra dividend Of "a per . 80 =,
addition the regular quarterly "a pc. - {
the common stock. Three months aso - - an
per cent paid, and at this tine A
extra ia per cent.
STOCK EXCHANGE LISTING.-Lnele 10 -s.nltsi
listed on the Stock Exchange S1S,Iless" Isoa.v -
stock OF the American Steel F'Oundries O.,, OoIE
PRICE OF LEAD ADvANCED-In7 - - ths
Smelling and Refining Company has aU'
price OF lead 10 points TO 450 cents
C. A. BUTTRICK GETS LOVING - ~ -.
Charles A Buttrfck, who sold his S[a- S1N-ssx "
Stock Exchange several weeks ago 70 - -, ~
Fair was presented with a silver lovins .-sro os
his former associates yesterday. MI. -
became member OF the exchange on A"'