New-York tribune., 1908-01-30
TOPICS OF THE STREET.

p,oprr-S RADTNf@-Foreisn houses bought
about 1900 shares balance in this market prlh-
cinaIIv the United States Steel issues and the
Goa lers American stocks in London were strong
with general advances. ConsoIs were colspi-u-
ously active and the general market was hrlli'
with the tone excellent. American STOCKS WeiS
only steady on the curb, with a tendency to sas-
DIVIDENDS DECL.ARED.-The directors or the
American Telegraph and Cable Company have de-
cIared regular quarterly dividend OF Ia per cent
payable March L The directors OF the ouiteenth
Street Bank have declared the regular quarterly
dividend of 2la per cent, pay on FeDrud[y ~ =
The directors of the American GrslInopEoiS to"
many have declared the regular quarterly dlVldtn1
OF ia per cent the preferred stock pay able on
February Is. The regular quarterly dividend or "a
Der cent on the original guaranteed STOCK ana
per cent on the special betterment stock OF lhs
cleveland 4 PittsburS Railroad Company VII DC
paid OH March 2 The directors OF the thicaso.
St Paul Minneapolis Il Omaha Railway Compa's
have declared the regular semi annual div1dendS
Of 3ls per cent each ON the preferred and common
stocks both payable on February -
TO TREAT UTAH. COMPANY's oEES--Ths
Utah Consolidated Mining COMPANY has made -
contract with the American Smelling ana HSe-
dning Company for the treating IF S'e&" tons o.
ore a year. The contract Is FOR ono year with th9
privilege to the Utah company of extending u iof
another year
BONDS OFFERED TO NVESTORS--O Conno-
& Kahler bankers. of No. 43 Wall street. in their
current Investment circular offer long list OF
bonds at prices to yield from + 10 40 per cent III
the casa of high grade railroad hrSt mortgages
bonds legal for savings banks and trust FUNDS
from Il, per cent III the case OF miscellaneous
high grade steam railroad ana pNoilc SeINI,a
honds and from $50 to 475 per cent Tor nuRlclpal
bonds ana around Per cent for western am
Southern rnunlclpals.
METAL EXCHANGE SHADES PRlCEs--Ihe
New York Metal Exchange has reduced its quota =
tjons for copper 1sc lake being quoted at
1s5.a137sc electroytc 1872 1S94c and casting l3l
13lac The United Metals Selling Company on the
preceding day had advanced It's selling price TOT
electrolytic lac TO 1t14c a pound
THE TRUST COMPANIES sTATE2IENTs.--An
interesting comparison OF the statements OF trust
companies in the Borough of Manhattan, BROOKLYN
and Queens, OF January l. 1905. and August =
1907 is made in the folder published by AIoffat
& White, bankers. The deposits OF each OF the
trust companies the dates Of the two statements
with the changes and percentages or chihSes' are
shown, a well the book values OF the various
stocks and the per changes in the latter item.
BURRAGEs OUT OF ARCADIAN.-The Burrags
party retired from the board OF the Arcadian Cop
per Company at the annual meeting yesterday. the
only member OF the board reelected being the
resident New Jersey director. George H Russell
IRON AND STEEL CoNDTTIoNs.-''The Iron
Age" says:
"rThe volume of new business which is being
placed is still small and it is only occasionally
that evidence Is forthcoming of auickening in
demand The feeling In the trade is quite gen.
eral that any lowering of prices II determined
should be timed that II brings out confident
buying 1t hardly looks though that period had
arrived yet. Chicago reports inquiries for rails
from a number OF railroads in the West and South
west which aggregate about $4,000 tons The first
order for steel cars which has been placed tor
some time. calling for 600 cars. has brought to a
Pittsburg mill 1000 tons OF plates and shapes
THE Iron Trade Review says:
Recent prize reductions have not resulted In
increasing orders to any great extent, except in
the OF tin plate, and IL Is anticipated at
the meeting OF iron and steel representatives to be
held in New York this week the prcdornnating
sentiment VIII be in opposition further reduc-
tions. There is increase activity OF fnish-
ing mills but 1t is noteworthy that since the low
level reached during the holiday weeks the rate
recovery has been slower than during the CORE
spending period following The low production point
in rhe slump of 1903 'of. There il surprisingly
little storage OF pig iron n Eastern furnsce wards.