New-York tribune., 1908-12-08
TOPICS OF THE STREET

--oSrTC< TRADING-ForeiEr houses were not
1--we II the local market selling upward OF 5000
- ne general market q rule lower. prices
go affected 70 some extent by the reports Of
s-f.ke preparations by the Austrian army. Paris
sssnarches indicated Year at Budapest or an OUT
S-esk Of hostiiities between Austria and Monte
- or Servia- Money and discount rates at the
.efSs rau5ral were hruaer The market affected
= some extent by the Indian Council calling loans
WISCONSIN CENTRAL DECLARES DIVI-
DE<D.-The directors OF the Wisconsin Central
teve declared initial dividend OF per cent for
the year on tie conpaly's preferred STOCK pay
Sble in four quarterly instalnents OF l per cent
60 TIE first instalrnent is payable December
. II making the dividend announcements tae cl-
-ecfa-s stated t1at since the reorganization OF the
company. nine years ago. the road had earned
z.-uus applicable 10 dividends or So,SasroSs aIter
.z-Fns.r-res for maintenance OF way and equip
~-s,t This surplus outside OF cash on hand. has
1een invested II the property For the September
cra-te- THIS year the surplus amounted 10 $780,
e xAEe e dividend On the preferred ssIck for the
some period would call for sL267l- On November l
=. company bad cash on hand amounting 10
N574. with 10 floating debt
MARKET GOSSIP-Esavy buying OF Union Pa
esac Great Northern and St Paul was reported
scr the account Of leading houses = b hosen-
hlstt & CO. were conspicuous purchasers OF these
issues TIE buying Of Brunswick Dock and I'm
xrove-near CCTnpany's stock was reported IN great
- oa orders from Holland Two strfkingly op-
,os-e views taken OF the present appearance
- - market The big traders, and especially
nose who nave been selling Reading, said that the
market pulled hard or the other hand, the bull
S-7ses told their customers that al the efforts OF
as stocks n conseC uence ought to be purchase
o. any slight recession The advance in Wabash
r-efe--ed materially helped by the buying OF
= . Barney s. Co.
re Strength in American Hide and Leather at
.-g--s so-ne attention and is of the mixed
sulrs OF tie tariff situation The company would
fere-- by the removal OF the duty hides,
cor5ag 70 fairly good judges with adequate sources
- t-@1--,s-io- II the Swamp The common stock
sae--s 10 attracting the attention Of the small
OUTSIDE trader
TIE IRON sITUATToN.-ROgers, Brown S Co.
szy3
s--s appears 70 have been booked, and steady
II q saes 21saeSs - haS as sken 45at ne P@og This Is
: fus- vaa- was predicted and hoped for Al this
L Iza@ So e-Sasv ana aTral : return Of bust
ness and L looks now though we were going
Z SCI il Sales IN the East. SHOW g run Of small
s-sas have been placed with railroad equipment
concerns which report that the railroads are con
+4-1la-iCr heavier purchases after January l.
prices for both pig iron and coke are steady & eT
-o-nsnga1ese shows some activity WIKI sl--le1
srcAR PRICES LOvFR-A decline of 10 points
4 7e3-ed sugar prices came as result OF e owe,
rsn6e1Cy Of the raw market new O.leals - 4.
rurar 81 decline Of 1-15c. at SIC basis =
tsst with some offered OF basis figuring out Slec
e $50 LAID down here A l1llted allso.-.o o
han centrifugal sugar offered 81 2l5-52c hasls
rest with counted bids Of 1856 Soilciteo D1ly
On -te basis Of ss2c. basis 6 test
NORTH BUTTE EXTENSION CCNPANY--The
-s-e----e os -he North Butte Extension Develop
49, r---77arv announce that P settlement has
rae- arranged with the uttEarts = Butte, Mont
which they consider VIII help the company. BY
--ss settlement -le new company acquires title st
once ~ an Undivided rve-eiEtths OF the Overnlan
claim and eleve0-sZriets n the Free Trade claim,
re=e fractions being worth n the aggregate about
sHa. The -r--0a-v has also options On favor
e-r= terms the remaining three-eighrhs of the
0-z----=-. -l= balance o. The Free Trade, occi-
sz---- Nrzrrizarze- and Third Sphinx properties,
-s-t-- II al q ve-v large and valuable property.
o. an shares ~ new stock 70 the old stockholders
-r-- nav wish subscribe
~ COPPER NAREET--The copper market
-s-+s-eT-v was Unchanged yesterday. Buying was
rr-=--s n small lots and business was done on
~ ~. cents fo- eec-rClv-ic. Il is pointed
tf-- against Wzsh0t s-lel-er operations copper Is
Hg=.- - 20 higher. as more than One-haf Of the
s--a ----~a-e6-s output would be cut Of as well
IS --z- rr independent companies which have their
ores treated al The WashOe plant A large copper
Interest saws he does NOT expect resumption O.
grr= copper buying Until January.
AMERICAN SNIELTING-The exceptionally low
-0z silver and threatened competition are the
tr---s max are causing The weakness q the Sc
critics OF the American Smelling and Refining
7-r-a-v. Reports nave been current that much
r-1-z- decline II the price Of silver would bring
sr- reduced Et-l6e1Es. but the Smelling interests
57 --- z--ez- anxious Sc far dividend prospects
gr concerned. although the weak position OF the !
-zzl IS causing tn-osds 70 be uade on earnings
g7PL-CA--CN TO LIST-Ap pplicatiOn has been
rzis 20 -ze stock Exchange list 50 124 90 add
1lzE consolidated mortgage per cent bonds OF
II $ PAU Minneapolis & Manitoba Railway
Company and sz.5J0000 additional first mortgage
- ce-- Philippine Railway Company bonds
COFFEE EXCHANGE ECLIDATS-The Coffee 4
Exchange Lzs voted TO close Saturday. December /
2 E-1 Sunday. January 2