New-York tribune., 1908-01-23
TOPICS OF THE STREET.

TOPICS Uf ldE C4hLLA'
FOREIGN NTRADING-Transactions for foreign
account II this market were comparatively small
In volume. about l5 600 shares being sold on bal
suce American stocks in London were irregular
ard inclined 4 hesviness- The general market
vas steady and without feature Consols were
strong and advancing
DIVIDENDS DECLARED-The usual monthly
dividend Of per cent has been declared on the
common stock Of the American Chicle Company,
payable February 20 The regular semi
annual dividend Of per cent has been declared
or the stock Of the Cernan-Arnerican Bank. pay
able on February !. The directors Of the Amer
ican Light and Traction Company have declared
-he regular quarterly dividends of 4 per cent
each the common and preferred stock both
paye5Ie February ! The directors Of the
Tz-s-a~F7,-v Corrpany Of New Jersey have de-
clared the regular quarterly dividend Of per
cent Oh the preferred stock and a quarterly divi
dend q = per cent on the common stock, both
-a-abfa o1 February / The Waterbury Com
par- of West Virginia has declared quarterly
dividend of one-hslf Of per cent payable on
February J.
SECURITIES LISTED.-The following securi-
ties have been added the Stock Exchange list:
s35 100000 AZ per cent New York City corporate
stock due 1857. and s5.0oDo00 AZ per cent as
sesznent bonds. due 1917; So 033, 600 per cent
New York City corporate stock. due 1857 81.
$500 additional capital stock Of the Missouri
Pacific Railway Company, $2-o0e.OO0 additional
consolidated mortgage n per cent bondS OF 1883
of the 81 Paul. Minneapolis & Manitoba Rail
wa Company s29. oO0. 600 additional first and
refuudlng mortgage per cent bonds Of 1851 OF
TIE Iowa Central Railway Company. s567. 600 ad-
ditionRI River & Gulf Divisions first mortgage
per cent thirty year bonds OF 1888 Of the ST
Louis Iron Mountain & Southern Railway Com
psry s5S--ee6 additional first consolidated mort
gaze ~ peC cent bonds Of 1893 Of the Hooking
Valley Railway Company. s9.273. 500 per cent
convertible coupon debentures Of 1917 OF the
General Electric Company. sc1.272.Oo0 Central
Trust Company certificates Of deposit for first
consolidated mortgage per cent 10o-year bonds
of TIE Third Avenue Railroad Company and
;rHonoooo convertible 4 per cent redeemable
bonds series - due 1895, Of the Western Union
Telegraph Company
" A NASH = TRCSTEE-At the annual
meeting of the Title Guarantee and Trust Com
psny William A Nash, president OF the Corn
Exchange Bank was elected trustee in place Of
me late John . Hicks. The retiring trustees
whose terms expired were reelected
ROCK ISLAND BONDS OFFERED-Speyer &
CO. Of New York. are Offering 10 investors Sc
ooe0 00G worth Of first and refunding 4 per cent
god bones q the Chicago. Rock Island & Pacific
Railway Company, due or April !. 1894 Interest
upon these bonds is payable April l and Oc-
foner 1. and they are redeenabIe al the option Of
the company ~ los and interest, prior 10
April !. 1911, sixty days notice. These bonds
sre direct obligation of the Chicago, Rock ISL
snc & Pacific Railway Company (the old m
psny1- which was formed in 1880. from which
me i las uLlnte-rupteoiy PAID dividends On It's
capital stock and since 1889 Of not less than
per cent ear The bonds offered at IS Y
per cent ana interest, at which price they yield
'ae investor per cent. Bonds OF this issue out
standing have been listed On the stock exchanges
q New York. London. Amsterdam. Frankfort and
----A -l4tE are q lSg2l investment TOT trustees
@ha savings banks IN New York State and are
accepted by the Treasury Department as secu-
rlly for deposits Of public money in national
Parks The bankers viii furnish full details
edrong Tie issue upon request
4 BOSTON DEPOSTTARY NAMED.-The read
11snlert committees of the Westinghouse Electric
@ao Manufacturing Company. Of which James \.
SerFls IS chairman, has, in response requests
ron z large number OF security holders in New
England. arranged with The National Shaw-mUt
nai-E' oT Boston. for that bank TO become q de-
p0sI-eTy under ths plan and agreement This ac-
uon is taken 70 facilitate the large number OF de-
POSTS which are being made under the plan and
sE-eenenr.
cCRB STOCKS As INvESTMENTS.-Tte great
esH1fy q TIE Broad street curb recently has
. to = decided enlargement of brokerage bust
Ls4S, which resulted in tbs publication of letters
= lsa1i1g brokers' regarding the outlook, which
'-g consider exceedingly promising
D. Thomas Re!laardt in letter 70 his clients.
- hat the established curb stocks OF proved
III are among the most attractive speculative
.a'ese'neuts known The proportion Of profits IN
IS -se stocks Is, he points out, for the amount OF
tt--.ey involved. far greater than in the case OF
=, - prloed securities. Unusual opportunities are
- oTer-ng themselves, according 10 IT. Rein
asrots letters and he advises the purchase Of es-
isneo stocks on every recession
lEoH And STEEL CONDITIONS-"Tk Iron
ee says, While ths majority Of sellers OF pig
-'Vh sre sohering 70 recently established prices.
.efe Is a sufficient number of producers - each
- 1e principal districts VINO willing 10 accept
-SSs e 70 3 80 ton less 20 establish the mar
shg somewhat. but il IS difficult TO express the
S4oFernent numerically i i estimated that
.pe'euons are close 10 so per cent Of full cspac-
70 ~, win The prospect os gradual betterment.
-. oluook IN the rail- trade and In railroad
~iaspnsit IS not promising With earnings de-
Co. SHARPLY. snd side tracks fun Of empty
islIlakers. and locomotive builders can
- @Pect much new work during the first hair
s-s year Prices Of light rails have been re
-. 80 80 70 s-s for p TO 50 pound sections 70 NEE.
oLpelition and the low quotations made by
% which reroIl old steel"
ne lFol Trade Review says:
.sNo@irg fne increased activity in zig iron last
fb. Oes 10 purchases by castiTon piwpe makers,
tais. Ael has lapsed into a condition OF extreme
e.. nearly al centres, although there has been
- amount Of buying in small quantities IN
-- seotions - the solltry
isSe'i'st.yss Of furnace interests in the Ma
ss-@ an hnenaLgo Valleys have discussed
80 Frices nud market conditions. but at tic
D. g aoiae differences Of opinion developed ana
q -eh ~cs taken. Efforts of other interests
s~E tns present tendency toward declining