New-York tribune., 1908-01-09
TOPICS OF THE STREET.

FOREIGN TRADING.-Trading in this markee
for foreign account again almost entirely con-
fined sales which aggregated about 2ooo0 shares.
American stocks In London before the local opening
we're weak and the general market at that centre
was depressed. A good statement is expected to-
day from the Bank OF England
SECURITIES LTSTED.-The following securities
have been added to the Stock Exchange list; 500 60
additional first consolidated mortgage per cent
guaranteed coupon bonds and S5oo0o first mort
gage per cent coupon bonds OF the Brooklyn.
Queens County & Suburban Railroad Company:
81 Oc0 additional first mortgage per cent coupon
bonds Of the Brooklyn City Railroad Company. and
ss75 oC0 additional 5 per cent ffty-year mortgage
coupon bonds Of the Brooklyn Rapid Transit Com
pany-
. HOMEsTAKE DIVIDENDS REsUMED.-The d.
rectors OF the Homestake Mining Company have de-
cIared a dividend OF 20 cents share for the month
of January. payable on January % The last divi-
dend OF 20 cents paid April o. 1856 the sls-
pension OF dividends meanwhile having been due
to the occurrence OF stubborn fire IN the mins
Local representatives Of the Homestake say that
the property IS in such good condition that its pro-
ducton at the present time is greater than before
the fire.
MORE CARNEGIE TRUST STOCK SOLD-At
the weekly sale Of securities at auction yesterday
1i3 shares OF stock OF the Carnegie Trust Company
1611s.
DIVIDENDS DECLARED.-The directors Of tho
Philadelphia Company have declared the regular
quarterly dividend of III per cent on the common
stock. payable February / The directors OF the
Lawyers Title Insurance and Trust Company have
declared dividend OF .cr cent. payable
February 1. The regular ser1i-annual dividend os
per cent has been declared on the stock Of ths
Pfttsburg & Lake Erie Railroad Company. payable
February I.
ENTIRE ISSUE SOLD-POtter, Choate & Pren-
tice who recently made arrangement for the ex-
tension Of the Alabama Great Southern first ss.
which matured on January ] and were extended
IS to December, 1877, report that tRey have sold
the entire issue
TENNESSEE COPPER DIvIDEND.-The dirsc-
tors Of the Tennessee Copper Company have de-
cIared a seni-anRuaI sdividend OF 81 . share.
payabIe February ID IN July dlFldetid OF - .
share was declared. and a year ago one OF 81 .
THE NATIONAL SUGAR DIRECTORS RE-
Ell ECTED-The stockholders Of the National
Sugar Refining Company at their annual meeting
Yesterday reelected the retiring directors
1PoN AND steel, CONDITIONS--"The Iron
Ago. saws: production of coke and anthracite pig
IRON during December was f234,Z79 gross tons. as
compared with 1S2s1 125 tons in November and -Ss-
s72 tons October. While there were = 1Grnaees
in blast on December I. with a capacity OF 8ASl,
tons week there were only liS furnaces "a opera
ton at the opening OF the current year Win ca
nacitv of 2s2 652 tons which is practically at the
rate of 100000 tons month The output OF ths
stool coronanies which was 1j14521 tons in October
fell to $50 49 tons in December The merchant fur
naces which Jagged at first in adjusting them
selves are following suit Their production
was SD 451 tons in October. fell only 70 'A6l1 in
November. but dropped TO 5f4SZ0 tons IN Deeernoe-
During that interval there was some accunuia1en
Of metal To drop within less than three months
from a rate of production OF pig IRON OF z+eHUo
tons a year rate of 12ef0.G0 tons on January
is what the industry has accomplished IL shows
how thoroughly manufacturers have been imbued
with the conviction that it is wiser TO meet changed
conditions rather than continue in the hope Of
early betterment and pile iron in the interval
THE Iron Trade Review says: The principal
events of the week in the iron world have been
meetings of pig iron producers with various degrees
1f success and failure. whose purpose it was to
prevent further decline Of prices. Eastern furnaes
men were more harmonious than those in the Pitts
burg district Prices on bar iron sheets and tin
plate have been reduced and there is some cutting
m prices on light rails The low mark of The year
m monthly blast furnace production tOushed in
December. and 1.234. .133 tons were made. This
and 2.359690 tons in October. Finishing mills are
resuming. but in very cautious and conservative
manner"