New-York tribune., 1908-05-07
TOPICS OF THE STREET.

o,-,c->- rp .DINr1-Foreixn houses sold sbo,,.
ten thousand shares On eaianos Ir,ta ,n,a si mar
Stssr American stocks in London We're strong. al
though not active. ano maintained their nrnness
in the curb trading mere was ..olser n,ssr 'oee
Afghan trouble. and the general market
steady, although inactive
DIVIDENDS DECLARED-Tle directors Of tn.
Anartcan Tobacco Company have declared th.
rsgular quarterly dividend OF ~ per cent and
an extra dividend Of per cent on the common
same as at the corresponding date last year. ard
compares with the regular y. per cent and an
extra dividend OF "a cent declared three month,
ago. The directors of the Smeters Securities Com
pany have declared the regular quarterly dividends
OF II. and ia per cent. respectively. on the pre-
ferred A and B stock. both payable on June L
SHORT TERM BONDS SODA syndicats
co1nosed Of the Boston firms OF Curtis & Sanger.
Kidder. Peabody & Co. and Estabrook q 90. has
bought s.Jc.0O0 per cent bonds OF the Boston
Rubber Shoe Company. maturing on september Is.
1910. The bonds which are guaranteed by the
United States Rubber Company, OF which the Bos-
ton company is subsidiary, are to replace an
original issus OF & sOOoOco of which $4,000 have
been retired and soooNo are to be retired
ADVANCE IN PRICE OF LEAD--Ths Amer
lean Smelling and Refining Company has advanced
the price OF lead five points. to 80 cents pound
IRON AND STEEL COSDITIONs--'-Ths Iron
Age" says;
''The decline in volume Of operations at the steel
works in April. compared with March. Is re-
fected IN the pig iron production The total out
put OF the coke and anthracite furnaces last month
1,149, 900 tons IN thirty days, compared with
122S 900 tons in March in thirty-one days Tbs
decline IN the daily output from 39.6fs tons in
March to sS2ss IN April is due largely 70 the
steel works furnaces. whose product fell on rom
% las TO "a Iso tons daily. leaving the respec
tive figures for the merchant furnaces at i2.4st
tons and IA. .i04 tons However, lt must Dc taken
into con nsderaton that the merchant furnaces have
been accurnuIating iron during the month
There has been some further decline IN the activs
capacity, May opening with rating OF 2s2,s57
tons. as compared with 254S9o tons Ap-fl l.
The Iron Trade Review" SAYS:
Increased activity in lines. though usually
at ths expense OF prices and intense interest IN
the pig iron situation. especially in connection with
the meetings be held in New York on Thursday.
have characterized TIE market during the last
week Our reports from Great Britain and Ger
many Indicate that conditions IN those countries
are gradually growing worse. showing that the
present depression is common to the three grsaI
iron and steel producing nations
The present high price on bilets- as compared
with pig iron, Is generally considered the mos,
vulnerable point Of the price schedule c-uts
steel and finished products. and IL IS reported that
New York State concern has closed with
sumner IN the Pfttsburg district for 1000 tons o.
open hearth billcts about SC ton below the
regular price
Pending the decision 70 price to be r1sSs az
the New York meeting. few sales Of pig iron in
volving any considerable tonnage reported. but
many inquiries srs pending and 5000 tons
have been sold in the Chicago district including
1000 tons Of mallsable- Shading Of prices both
iron and steel bars /, reported Chicago
eight Improvement IS noted in orders FOR plates
and the plate mills OF the Illinois Steel COMPANY
will resume Monday. with prospects Of being
BILE to for time In structural materials
considerable Improvement has deTeIopsd II ths
East