New-York tribune., 1908-03-28
TOPICS OF THE STREET.

FaFErC1N TRADTNG--FoVeiEs houses oolSh1
sfo,t = zee shares balance IT this rn''rkei e
principal purchases being Of Cananlah fs'lnS'
Irired States Steel and the ldarfihiat .SS@'7-
A-,,erica1 stocks strong in London aho ""'e
bought on orders from botn this city ana .ie
s-enfsnent The general market in London was IN
active bur fr-.. Consols advanced 3-le sei-uS up
20 ST.
DIVIDENDS DECLARED.-The directors oi One me
Philadelphia Company have declared the 49, -ts SO
quarterly diviGend Of III per cent on ti'e -,
- ,s.shle on Nav ! The directors of the
Fftb National Bank have declared the ree'la-
quarterly dividend ot per cent pa3a''e N
apri !
MOVEMENTS OF NoNEY.-The reported move
,,,,,fs OF currency this week indicate a gam IN
cash held by the banks Of S4"ee. fHeceip's go
-. ,r,er5o~ were more than sufficient 70 or
gre loss BY return 81 United States oepoS's, = :
hanks received from the interior ss'e--f'. %
which KS GO was transferred through 1Ie e.
Treasury from san Francisco They SEM 70 NJ
.rferior Ss.Sz2leo. OF which s.Eoeo consisted %
,[a, .,a-1l notes sent TO Washington for re
.s.r,r.s5ou The gain from interior was s4'0o"l
COPPER PRICES AGAIN RAISED--The Ne"
York Metal Exchange las once more ADVANCED rs
quotations for copper. making lake nov 1'1s u
Iss elect-olyTic 13s 49, and casIlns Is 90 ID"
GRAIN EXPORTS FOR THE WEEh--br4a-
s-eets reports the exports OF grain Ior lhe Weeh'
with comparisons. figures in bushels. as lolo"S' W.
Wheat nour included 2ess4 against 49, - "a
week 707.5 in this week last year it.lo 80
81 lcaa for fiscal year 70 da1e ito-'t os-
pared with 13O.5sl17s in 1880 ana lAooo..o'7 =,
1ssl-'oa: corn. s45-l-3. contrasted win 'o-'t' a.
week and s 1907 for the fiscal year 10 oa'e'
a sSs7s. against a.es7ss in lso-'oi-
COTTON EXCHANGE NOTES-A counter peJ1-
.ion the board Of managers Is beihG ssiieN -
rhe Cotton Exchange against the propoSllloh 70 20 q S
TEND the certificate system 10 Southern "dftlo-S
The Cotton Exchange has voted TO suspend DUST
reess on Friday, April =. and saturday ApIil %
NEwB0T7sE CoNPANY'S NEW DIRECTORS
-Fiebe- NJ Wells Alvin UnterTnyer have beel
elected directors OF the Ne~ho'Se NM Nll.es - t,,.
Srnelters Company 10 succeed I-a1ayette I'1''-
Che:t and IL N Johnson
CORN EXCHANGE BANKS NEW BRANCH-
The Corn Exchange Bank has bought al iiEClo', -
controI OF the branch OF the Williamsburg trust
<-orpar7v a. Broadway and Myrtle avenue, froof-
lsrl, and expects 70 open branch O Us own 81
1ha1 place about May :.
CONDITION OF TRADE-Dun's Review SAYS:
Retail trade in spring goods has made fur1her
progress. and the conservative buying ny dedIeIs
II preparing for current distribution Is no" pro
x56ing 4 good supplementary demand from N'lole
sale and iobbing houses. Unusually advanced
vearhe- in many sections stimulates business ana
agricultural work Is making an early start IN
leading industries there is evidence OF ETadIi
increase III contracts many plants preparing I"'
81 srer activity on April :, while proposed
1iCns in wages have produced threats o. strikes
TIE best news OF the week as - IharluiacluTlll7
conditions comes from the leather industry, Dis
matches from the West and South are most 1aNoT-
able as 70 the general commercial situation. 1eS
cities reporting The volume Of business fuliy eQLl
II years. these statements are supported
~ bank exchanges al these points about lhe Sails
as n lSa7 There is still complaint regarding mar
c.nte collections although Improvement Is noted
Railway earnings thus Ear reported for Marcn "ei@
IL per cent smaller than q year ago Bank eA-
changes AT New York for the week were So Per
Sstnt smaller Tran last while al "tlef ieau-
&c. critics the decrease was Isl per cent
F3rsdsr-e4tre SAYS The first week Of spring has
reen an EXPANSION in retail trade and enlarge
renr Of operations building lines especially ~
1e Conservative estimates Of actual needs
govern buying and replacement OF broken stocks
IS the chief source OF jonbing and wholesale oe-
rnanG Trade in the primary branches is therefore
l,ier snd operations industrial lines are below
normal Fail trade Is backward. awaiting clearer
crop and pr1CS conditions INCuS-
1riaI conditions srjll irregular. and snort
or reduced time Is practically universal. kailway
earnings continue 70 reCede and hank ciearlnss
SNOW heavy decreases. not only from last year huJ
= decrease also from last week OF per cent 1"i-
7ecrauc eTenI- are on the whole
zp-v backward and requests for extensions are
numerous 4 review Of the first quarter shows
rf7sr revival from the intense depression Of the
last quarter of 1eg7 has progressed quite steadily
11-r The showing. judging from the hest obtain
nIe iraates shows outputs. sales or production
from . 80 pe- cent smaller than The IirsI quar-