New-York tribune., 1908-11-11
TOPICS OF THE STREET

tOREIGN TRADING-Foreign houses dealt in
~" snares In the local market. buying 10000
shaTes on balance In London consois were uu-
changed and The general market was firm. Rus
san bonds were strong, both in London and Paris
The copper shares higher under the lead of
lne Flo INTO issues. Money rates abroad
easy ana no important changes were expected as
result Of fortuightly settlement demands Amer
lean securities in London were strong. and ac-
eoroihg TO cable dispatches, broadening demand
Is probaole, especially for investment account.
DETROIT. TOLEDO & IRoNTON REPORT
me pamphlet report OF the Detroit, Toledo <
lronton Railway Company for the fiscal year ended
june s0 last has been issued. The income account
arranged in accordance. with the system Of
accounting, follows Operating revenues s. 625. .26o
operating expenses, g. LIZ; net operating revenue,
N''Aot' taxes, sS3,145; operating income 42,4o0;
other income. 1927 SSs; gross income S34O24l;
lol; less amount charged 10 depreciation and
newals, Sl7e,G7. deficit $39s.274
STANDARD OIL DIvIDEND-The directors Of
the Standard OH Company will meet this week
for the purpose of taking action on the dividend
II Is expected that the regular rate OF $lO a snare
viii be declared. making $40 for the year The
company from 1902 10 1905. inclusive, has shown
net profits of so5oeoooO and has paid TO sharehold
.s arnror;,7,at seso on ao The stock Yesterday
sold at 6s7. against $50, the low price of the oc-
tober panic last year. At the time OF Judge Ian
dis's decision fnlng the company &s.ooogS. the
stock sold down 10 4Ss.
COPPER PRICES HIGHER--Eectrolytic cop
per yesterday sold basis Of 145s cents pound.
the highest price reached in the current upward
movement Domestic consumers continue to pur-
chase copper and many contracts calling Tor de-
livery in the month of January and as Tar for
ward February are. being made. Producers and
selling agencies say stocks in this country have
been practically exhausted. On the Metal Ex-
change the quoted price was advanced Is cent for
all grades
GRANNY RESUMES DIVIDENDS.-The Granny
Consolidated Mining. Smelling and Power COM
pany QAmited) has declared a dividend OF per
cent, payable December Is to holders Of record
at noon on November Is. The declaration OF a
dividend not expected until the December
meeting, which would be the regular quarterly
meeting OF the board
CONSOLIDATED GAs.-The convertible per
cent debentures Of the Consolidated Gas company
of New York are being rapidly turned in by their
holders and converted into stock. Those de-
bentures that surrendered to-day or any day
thereafter receive the fun per cent on them up
that are being surrendered daily there has been
10 delay. and the stock into which the debentures
are being converted is delivered the day following
that on which the debentures are surrendered
COLORADO & SOUTHERN.-The directors Of
the CoIorad do & Southern will meet tomorrow, and
II is possible that e dividend viii be declared on
psny for the last fiscal year showed q balance
eorIvalent 10 more than 4 pe- cent on the COM
IT is understood the company proposes to
extend It's lines northward the Yellowstone River
DIVIDENDS Observation-Disclosures have been
declared as follows: Bordens Condensed MIX
Company regular quarterly 1iz per cent on the pre-
ferred, payable December Is; Kings County Elec-
trio Light and Power Company regular quarterly
per cent payable December /; Sloss- Sheffield Steel
Company regular quarterly l per cent on the COM
HANOVER BANK ELECTION.-At meeting of
the board OF directors OF the Hanover National
Bank. held yesterday. Henry r. Carse was elected
a vice president and J. Niemann and William Don
aid were appointed assistant cashiers.
STOCK EXCHANGE SEAT ADVANCE.-A seat
on the New York Stock Exchange sold yester-
day for $4,000 This price compares with $4,000
the last preceding sale
UTAH COPPER.-For the quarter ended Sep
tember so the Utah Copper Company shows total
profits Of s5o1,391.