New-York tribune., 1908-02-20

FOREIGN TRADTNG-Foraign houses bouzht
few thousand shares in this market. chiefly OF ~.
showed Improvement on light trading Tne gen
eraI market was. on the whole stronger siLhOUsf
irregular. Consols were frmer-
DIVIDENDS DECLARED.-The directors OF ths
Republic Iron and steel Company have declares
the regular quarterly dividend OF ia Per cent or
the preferred stock. payable on April T. The d.
rec+0rs OF the International Silver Company hsrs
declared quarterly dividend 81 per cent on th'
preferred stock. payable on April l. The last prs-
ceding quarterly dividend was IN Per cent
RUBBER COMPANY BUYING IN NOTES-Tns
United States Rubber Company has beer ouyins
IN its notes in the open market practically ncrs
being now left available for purchase The crtEi-
rei fssne Of these notes was 81 900 900 bu ono-
600 were time retired OUT q earnings
on March 10 Financial arrangements for th-'r -
trement have been made. and rhs company nas
effected important saving IN buying up lsrz-
part of the issue in the open market at discount
NEW BANK OFFICERS --TFerdsrson y Won
formerly connected with the Fourth Nstio-si Barss
has been elected second vce-pTesideut of the Corc
Exchange Bank. Peter Radc has been appointst
cashier OF the Northern Bank. succeeding He1S
a BeIden-
COPPER Quotations IOwER-Ths NJ"
York Metal Exchange reduced IT'S quotations ror
copper II for all grades. lake now stardrE ss
12f4o 12t.c. eIectroytc 12lsc to 1esc ard csst-
inSs l2c 121sc.
ADMITTED To QCOTATTOS.-Thsrs have o-ss
admitted to quotation in the unlisted depsrt.n,s
OF the Stock Exchange the Canadian Pscine Rah-
way COmpany's certificates OF subscription fof
ordinary capital stock. insJalUent % ~ psr
cent paid and fun paid
IRON AND STEEL CONDITIONS. The lr's
Age SAYS.
Pig iron markets are uniformly duh In TO
NIdhOHinE and ShenanEO valleys pig iron sniPr'ehes
are estimated TO equal furnace output, lesvfns
stocks substantially IS they are Cast IRON pli9'
both In IT'S activity this month and IN us pre-
poets. probably comes nearer 10 normal tnan ST.
other product. Finished steel lines show some pet
terment- The Steel Corporation IS now opersun4
90 per cent OF its rolling capacity, ana tNo N",
blast furnaces started IN the last reees-
Rail business ia still held back, and much OF '"'
years tonnage is certain 10 be- late In ths DOOR,.
Estimates Of the total range from - 10 50 per een
of last years. the former figure coming rom - -
manufacturing side. while the latter represents "
view OF leading railroad interests
THE Iron Trade Review says:
The most cheerful news comes rom srross
Atlantic Our Birmingham (E,ngIsnd) correspond,
cables increased demand for pig hon -
reports the placing OF large orders for some nIis
products In this country there mas pc" -
change in conditions Activities OF the steer w.
poratOn are now in excess OF 90 per cent OF .s lo
Slightly more than half its avG1lable oiast tu' -,
output operating and in finished hr'es -
percentage Is somewhat larger The hnpf ,aas
though extremely gradual Is being well mann
Some independent producers. particularly u, !"
Eastern territory. have increased their pfO"ue q
in the PittSburE district the percefitse
mills in operation II less than week ago tns ~
crease being partly due 20 the food -
In pig iron the most interesting event mas - -.
the radical change In the method of oasins Pt..
In the Central West. The time hcnorei 'uSNt -,
Of using the MshonirS Valley as the casink - =
has been abandoned and prices are nsresIoer -,
based at the principal IRON manufacturing @ @slu.
sales of structural materials by the prtncipdI
ducer amount to about 10 .aOO tons for tns .7s'
week and other interests sold fair tonnas-