New-York tribune., 1908-04-02
TOPICS OF THE STREET.

FOREIGN TRADINCf-Foreign houses rought
about 15Oc0 shares in this market. the purchases
being chiefly Of United Steel common and Ere
American stocks in London opened strong and ad-
vanced during the session. retaining their gains n
the curb trading The general market was inactive
and steady
STOCK EXCHANGE NOTES Quotation las
been discontinued on the New York Stock EXchanss
of the New York New haven x Hartford Railroad
Company's warrants for subscriptions % the "a
per cent convertible debeature certificates third N
staInent 70 per cent paid The stock EXchanss
announces that all transactions in Northern Pa
sifc Railway Company subscriptions are sixth IN
sanent paid. total instaIments paid, 6l- per cent
The Eastern Railway OF Minnesota trst division
first mortgage guaranteed per cent bonds cue
1908. have been stricken from the stock ENcAanss
list
ESTIMATES OF STEEL. EARNINGS net
earnings OF the United States Steel Corporation tor
the quarter ended on March 81 are estimated n
Pittsburg at 100000. and by usually well int9nei
interests in this city at about Slt,9ro,.t1
A NEW STOCK EXCHANGE FTRNI--The ne'
firm of Davenport & co. began business F7Stero4y
at No. 3 Broad street The firm consists 7- Lavd
orr Davenport of the late firm OF Morris. swift s
Davenport, who is the Stock Exchange menoer,
Robert G.. Kennedy. who was SOr several years
with taa United states Trust Company, and Henry
X McHarg. special Henry Al Libby. lately WIN
the firm of r. a Lancaster * Sons, also VIII %
associated with the new firm
PRODUCE EXCHANGE SEAT Soda New
York Produce Exchange membership was sold yes
terday auction for 80 The last previous sa'
was at $40
COPPER QUOTATIONS. AGAIN LOW Erred
The New York Metal Exchange YESTERDAY as On
the preceding day, lowered its quotations for a.,
grades of copper 1sC pound n both the 10 al1
asked prices. except that lake was icNered -
terday only in the asking prize The rstdcuen'
in the quotations followed series OF I'VE S~0-
cessive advances of isC each.
IRON AND STEEL CONDITIONS The lro'
Age" says.
'.The steel trade IS quiet and the volume Of nss
business coming the mills which roll rdi-~ Pa "
and structural material Is light The export (r1le,
which has been steady, has recently reItr'trd -
the SIaCkeninG demand in the leadlCS i-du>u"a'
countries The rail mills report no orders 'l -
sequence. and the additional purchases on me pa
OF the New York Central lines <f-H pe1dlAs-
In the plate trade outside Of the orders tr0ul ~,
motive builders. which, placed with an , as.
ern PennsyIv mill. there has been o"Ly 80 So
work for steel pipe The structural. INNS 10. -.
rather a poor month in March. the demand 1T ~.
railroad bridge work being particularly ASa~ A
backbone Of the business nov Is bul.diil---
The Iron Trade Review says -
The first quarter Of the year has SHOWN D.
progress in recovering from the depression 81 - -.
Cenober Improvement during the last fioAl4 =
been confined almost exclusively % finished 80
nets for which there = always Increased oel-A -
in the spring II the Increased ACTIVITY lH -
lines should not continue during the present no-
:. considerable increase i'm the produStlHu Oh -,
materials will be necessary in order o. ma II
the present percentage of active CGpdcil ~ Ct,T.
iron and steel manufacturing concerns. ""
some signs OF Improvement in the pig .loA "a
ket are noted in the East. the Central Wes. ..s-x
develOped little business and CODSIterapie N--.-v
of DrireS The Cleveland agreement en- ter-,5
prces in central Western territory IS now ooSp -
b,, so few interests that little Is heard ot H. ~,
roads are showing more disposition than Tor So ~.
ported. Contracts for large tonuaSeS OF 'S1
about to be closed