New-York tribune., 1908-03-12
TOPICS OF THE STREET.

FOREIGN TRADING.-London sold stocks at the
beginning IN this market, and then bought Union
acif1c the purchases of the day exceeding the sales
by several thousand shares. American stocks in
London were weak, with Amalgamated Copper
showing the greatest decline The general market
was quiet and heavy. Consols were depressed.
DIVIDENDS DECLARED.-The directors of the
American Type Founders Company have declared
the regular quarterly dividends of ia and i rer
cent. respectively the preferred and common
stock both payable April 10 The directors OF
the American Iron and Steel Company have de
ciared the regular quarterly dividends of IL per
each the preferred and common stock pay .
able April l. The regular quarterly dividend OF
u per cent has been declared on the preferred
stock of the ROYAL Baking Powder Company. pay
able on March 81. The regular quarterly dividends
OF 3 per cent each on the common and preferred
stocks Of the Union Switch and Signal Company
have been declared, payable on April 10.
TO HOLD PHILIPPINE EFUNDS-Secretary Taft
yesterday designated the banking house of Speyer
& Co. New York. depository for Philippine
funds in the United States. There now six
such .depositories. The total amount of Philippine
funds in the six repositories aggregates 100000.
hut this is to be reduced materially IN the near
future by payments to meet maturing obligations.
CHANGES IN AMERICAN TOBACCO BOARD
AT the annual meeting yesterday of the stock
holders of the American Tobacco Company the
membership of the board of directors reduced
from twenty-eight to twenty-seven. The retiring
directors reelected. except that B. n. Duke
withdrew from the board and Thomas b Yuille
vas elected in place Of the late C. T. Halliweli,
BOND ISSUE LARGELY TAKEN.-The total
the Nevada Consolidated Copper Company. il IS
announced. has amounted 10 % per cent, leaving
only . per be taken by the underwriting
syndicate The subscriptions were accompanied
by a 80 per cent cash payment
MORTGAGE COMPANY TO DIssOLvE.-At a
meeting yesterday Of the stockholders OF the In,
terstate Mortgage Debenture Company, d sJlbsid
larry of the United States Realty and Improvement
Company. z was voted 10 wind UP the affairs of
the company.
IRON AND STEEL CoNDITIONS-''The Iron
Trade Review" says:
when the sap begins to flow the American peo-
PIE are bound TO begin doing things; they feel it
In their bones and can't help it" This the
comment Of prominent representative OF great
manufacturing concern in discussing trade pros
poets, and, while others not optimistic. II
certainly is true that the Industries which cater
the wants of agricultural and canning concerns
are Well supplied with orders Wire and lin plate
plants especially. active. IN the steel trade
generally foreign business is much better than
domestic although noteworthy transa ttons
have recently been reported Rumors OF a general
advance Of 10 per cent in all freight iron
and steel products have been heard without pro-
test, a the trade is willing to make any reason
able concession to improve the financial condition
- rtiroads and encourage the placing of orders
Reiif'ad bnving during the last pac,. has been
very limited