New-York tribune., 1908-09-01

FOREIGN TRADING-Foreign houses SOLO lo'oVV
shares in the local market buying ABOUT z'VeV
na-as Tba buIk of the London business was in
United States Steel common and Reaolhs- ,! On ~
london exchange prices closed firm, after showing
raa+ irregrIaritv American stocks were offered
to some extent on the curb. Call money at the
British capital was unchanged, ana o4scouHts 80
steady at IL per cent. The South African soiu
offered In the open market was taken by Austria
Bar gold in the London market was advahceu 1s'i-
"MOoDY's MANUAL"-'Moody's Manual uaI,,,eta ita
1905 published to-day. usual is most conpIete
work containing information on all classes anu
conditions of corporations. 1ncluding IdllIOo9
street RAILWAYS electric light companies SdS CO
aoIes Iron and steel companies, coal and otner
mining companies, together with all important m
s,,rance manufacturing and Industrial companies
eSntHitb andine the fact that these miscellaneous
and industrial companies are incluoea, tae go,
railroad section has not been sacFnceu +bn,sanS =,
way but of itself contains about one tlouoaIlu t
naees and is asserted by the manasement 10 oo
the most complete and up-to-date puoHcduoI on
steam railroad securities as well as on securltleS
- -nisceIIaneous companies In short. this book
seems to have something on almost every con-
ceIvable CORPORATION whose securities nave ever
49, orferad 10 the public with especial emphasis
given To the steam railroads. public utility COM
nanies and the industrial corporations Each re-
port gives the capitalization Iocatloh anu cha az
ter oP business names of officers and directors
particulars regarding all bond issues and COM
nlete record of earnings and dividends Moreover
n tbe case OF the Important railroad and indus
trial companies these earnings are for the IscdI
wear ending in 1905; that is. either March 81 or
June 80
DETROIT TOLEDO & IRONTON NOTES
S0ID-There were sold at public auction yesterday
fifteen lots of Detroit. Toledo e lronton FNaiIwy T
Company per cent collateral trust notes, asgre-
eating 1857 900. The prices realized ranged all tne
way from Ii to 10 per cent and all OF Jheni We. =.
bought in except one lot Of sSOto wnlch went ~
ON outsider at &C. This sale gives legal ttie 10 the
notes which were pledged as collateral oy ESuooipn
KlevboIte & Co for loans advanced oy tne united
S+oteS Mortgage and Trust Company. which were
anhsenuently taken over by H B. HolllnS q %
is expected that the reorgazasOH oss,be VI HE now
that full legal title TO the notes mas Deen oO'ae
COPPER PRICES HIGHER.-A prominent sell
ing agency is now selling electroiyuc eopPeI on v
basis of 1873 cents a pound, ana SOME sdieS nav nav
re, made as high IA cents This is an advance
Of about IA cent a pound compared WIN ast week
Producers report better demand lot copper @ IIoIn
dorestic consumers The latter report an increase
IN business and this naturally has been foho"eu
by an increase in the purchase OF copper II rs Is
asserted that copper stocks declined materially
during the month OF August The large producers
and selling agencies have sold most OF their pos
sible production we'll into October
TINTED STATES STEEL--Based on the ful
opera tions and conditions in steel similar to those
existing IN 1905. 1906 and the first half or 1907,
n Is estimated that United States Steel Cor
poration when the Gary works are in full opera
tion and other construction work now under way
or planned Is completed. can show net earnings OF
s225 600 600 a year. This would represent. after
allowing $4,000 900 for depreciation and other
charges than deducted in 1907 between 30 and 45
per cent for the preferred stock As the preferred
is per cent issue 1t IS not surprising that specu-
lators are holding the common for a long pull
OLD COLONY RAIIIROAD.-The last stockhod-
ers' list OF the Old Colony Railroad Company
number sixty owned 200 shares or more. The New
York New Haven & Hartford Railroad Is the larg
holder with 71.2SS shares credited TO its name,
as against 6s.957 year ago The second largest
stockholder is John u. Archbold, OF the Standard
OIL Company. with 4.200 shares
block OF 800" COMMON soL.D.-It is re-
norted from Montreal that Sperling & Co. OF Lon
don have purchased from Montreal syndicate a
block of 10000 shares of Minneapolis, ST. Paul &
Sault Ste. Marie common. This syndicate secured
the stock when the last issue of 500 common
was made at par.
WHEELING LAKE ERIE.-An order has
been issued by the Circuit Court of the United
States for the Northern District OF Ohio author
izing the receivers of the Wheeling & Lake Erie
TO pay coupons maturing September / the first
consolidated bonds.
REPUBLIC IRON AND STEEL-The report
that the United States Steel Corporation is neso-
tiating for the control of the Republic Iron and
Steel Company Is denied
FOR EXTRA STOCK EXCHANGE HOLIDAY
The members of the New York Stock Exchange
have petitioned the board OF governors TO close
the exchange next Saturday. preceding Labor Day.