New-York tribune., 1908-03-14
TOPICS OF THE STREET.

-Opr1CT TRAD!NG-FOrelgn houses sViu
stocks heavy scale IN tils -al+a Imai sbonf
Ok onn shares with the largest u$.nsaclIoHS III
vts 9e,Vv" S+ates steel common ST Paul. Reading
and AmaIgamated Copper The bulk OF snis sen
So 20 s,nnosed to have been for New York ac-
count The London market was active VIE WIZ
r1,IcI, ,rreguIsrity with Rio Tinto higher CON
soils declined Il. American stocks IN LONDON
were weak
DIVIDEND DECLARED--The directors OF ,he
Metropolitan Trust Company have declared tIe
regular quarterly dividend OF per cent Pay 'oi0
on April 1.
COPPER QUOTATIONS ONCE MORE RAISED
The New York Metal Exchange has advanced
its quotations for copper Is cent. rnakhS ule
third advance of that amount within few Gays
Lake is quoted at 12@s to lZ's cents
pound eIectrolytic l. Y TO rs. and Casting 4<@s
to 123s cents
MOVEMENT OF CURRENCY.-The reported
movements of currency this week indicate a loss
In cash held by the banks of s2.054s0o. They
received from the interior s9.s227O0 and sent 10
the interior ,5,275,eoo Including s2sSS'ooo ma
tional bank notes sent to Washington Tor re-
demption The gain from the interior was Vs.
547100.
APPLICATIONS TO LIST.-Appiication has
been made the Stock Exchange to list va .
600 additional consolidated mortgage bonds, due
1880, Of the Chicago. st. Paul. Minneapolis q
Omaha Railway Company; s1.025'0Ou addltionai
first mortgage per cent bonds, due lS24 or tle
Michigan State Telephone Company, and sSS3o00
additional preferred stock of the Central Leather
Company
NEW SECRETARY FOR THE CoNsoLI,
DATEp-The governors of the Consolidated
stock Exchange have elected James T. Lynch
secretary of the exchange to fill out the uneX-
pred of Rudolf Heben, who died recently
MIR Lynch, whose home is AT Port Washington
Long Island entered the employ of the Consoli-
| dated Exchange as clerk on March IL. 1883
He joined the exchange as member on Decem-
Der 3o 1899
streets reports the exports Of grain for tho
week, figures in bushels, follows: Wheat, -four
included, 1885. .902 against 2.95S.a0s last week
2OS0,o34 in this week last year and 2.906,2oo IN
90c fiscal year 161.4s0.0Ss, compared with 126.-
oO4.9as in 1e0e-'o7 and 1s6.43o.s4o in 1so1-'o2:
corn, 1.4s5.4se. contrasted with 1,4sl.tS7 last
week and 1.99s.254 in 1907: fiscal year 4o,57e.s01
against 47,3l4437 in IeO5-07.
INTERNATIONAL STEAM PUMP--The In
ternationai Steam Pump Company has within
the last years. IT IS understood. reduced its
current liabilities from over s3.0O0.0o0 10 about
10000 large part Of this reduction has,
in spite of the general business reaction been
fected in present fiscal year of the company
which ends March 81 UntilIed orders hand
aggregate nearly S4,90o,o00-
NOTES OF THE COTTON EXCHANGE-Mil-
ton w. Upper. of the Stock Exchange firm of
Arthur Upper & Co, has heen elected a member
of the New York Cotton Exchange. George W.
Neville has bought the Cotton Exchange mem
bership of ". +. Wood for another. for $4,000
The last previous sale at s.. 200.
CONDITION OF TRADE.-Dun's Review saws:
Sentiment is more cheerful because of good
weather for farm work and higher prices for
curities. Actual progress in commercial channels
is slow. but there is a little Improvement each
week. while evidences Of early spring have
stimulated sales Of seasonable wearing apparel in
most jCbbtng and wholesale departments. Retail
trade s quiet, usual this time although the
better feeling extends to those branches OF bust
ness also because of the larger payrols. Many
manufacturing plants have increased forces. espe-
cialy the factories that supply farming imple
ments and the canning industry. Some reductions
OF wages are announced take effect on April
l. and thus far no serious strikes threatened.
II the contraction OF trade that has occurred ne
cessitates lower wages, any controversy will ur-
doubtedly retard restoration OF normal conditions
Railway earnings increasing. the loss for the
hrst week OF March being only Is per cent in com
parison with the same week last year Foreign
trade at this port alone for week show ad
gain or S5it1.fSe in exports and loss of S17i2-
20 In imports. compared with similar figures for
l@1. Bank exchanges for the week AT New Work
were go per cent smaller than ago. laJ ger
sales OF securities failuS improve The comma ri
SON because OF abnormal activity the stock mar