New-York tribune., 1908-02-27
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses id prac-
tically nothing in this market. buying 1000 to 5000
shares at the opening, with no sales. American
stocks In London were dull and steady, but closed
lower the curb The general market In London
inactive and without feature. with a rather
heavy tone. Consols declined 1s- The Continental
bourses quiet
DIVIDENDS DECLARED.-The directors Of the
Mackay Companies have declared the regular quar-
sterly dividends of I per cent each on the common
and preferred stocks. both payable on April 1 The
directors of the Atlantic Coast Line Railroad Com
panv have declared the regular seni-annuaI divt-
dend of 211 per cent the preferred stock PAYABLE
on May II. The regular quarterly dividend OF 19s
per cent been declared the stock OF the Eric
& Pittsburg Railway Company. payable on Alarcn
10. The directors OF the Railway Steel Spring Com
panv have declared the regular quarterly dividend
of Is. per cent the preferred stock, payable on
March 20.
SECURITIES LIsTED--The following securities
have been added the Stock Exchange list: $500
additional capital stock OF the Second National
Bank and s1.6O200 consolidated morssage az per
bonds of 1857 Of the Buffalo, Rochester &c
Pittsburg Railway Company
CHANGES IN CENTRAL LEATHER BOARD
The stockholders of the Central Leather Company
at their annual meeting elected Robert z Pain a
director to succeed Paul NJ Warburg, resigned.
and D. A Wal'in. as successor to the late q .
Horton The other directors were reelected
PRESIDENT BCDD AGAIN AT HIS DESK
Ogden d Budd, president Of the Consolidated
Stock Exchange, returned yesterday, after an ar
senca OF three weeks on account Of Illness. and
assumed the active duties OF his Office. This Is the
longest time Mr. Budd has been absent from ousi-
ness IN his career Of nearly twenty-five years
ADDED TO SUGAR COMPANY BCAfSD-F1etTy
c. Mott. who has for many years been Identified
with the raw sugar department Of the American
Sugar Refining Company. has been elected a dlrec-
tor of the company. TO iii the last vacancy
COTTON. EXCHANGE MEMBERSHIPS Low
FR-Two memberships the New York Cotton
Exchange were sold yesterday, one for $500 and
the other for $4,000 These prices are the lowest
for several years
Steel. CORPORATION EARNINGS ANA
IYZED.-Babcock. Rushton & LOuderback. r1srn-
bers of the New York and Chicago stock ex-
changes with offices No IS Wall street. have
prepared a pamphlet giving review OF the
its organization with deductions from those figures
The pamphlet may be obtained on application
IRON AND steel. CONDITIONS-"The Iron
Trade Review SAYS:
The most important development OF the week
has been the sale OF a good tonnage OF standard
rails The Great Northern has placed orders for
10000 tons with the corporation interests. 5000
tons with the Lackawanna Steel Company and
600 with the Pennsylvania Steel Company.
a total of ~ 600 The Atlantic Coast Line
has placed 5000 tons with the Pennsylvania Steel
Company and the New York. ontario & Western
g. 100 tons with the LaCkawanna Steel Company N
addition. a decided Improvement is reported IN in
uuiry rails. frogs and other rOadbed equipment
indicating that the opening up Of railway buying -
ar hand.
"'In the iron market the week has been ore of
extreme quiet In spite OF Irregularities here ara
there. prices being uniformly maintained
than previous periods of serious depression. and
apparently sincere desire to adhere 10 prices
announced last week for sales IN the Central Wss-
producers held in Philadelphia IL developed that
orders hand showed practically no change rom
January reports. There a general sx-
preston OF opinion in favor Of maintaining prices