New-York tribune., 1909-09-16
TOPICS OF THE STREET

-,vr1GN TRADING-Transactions for foreign
10 f4 N this market aggregated $4,000 shares
tcoe -,,-ehases and sales about equal in amount
F..-rsn 81. stocks in London were strong and higher
tne.nathy with the movement on the local mar
I, y, Tuesday. although the transactions were not
F The general market in London was firm
hss's,.,,s Consols were inclined TO heaviness
p...r1DENps Dividends have been
g..ss as follows: New York Central g. Hudson
60 7silroad Company. regular quarterly IL Per
- nsyahe October Is: Big Four regular
CO. IL per cent the preferred, payable on
eua.ss- 20; Kansas City Southern Railway Com
-. - -ss1ilar quarterly per cent on the preferred
pss.s.as IN October IL; Columbus and Hooking Coal
=. T-on Company. regular quarterly IL per cent
sc .be rre:erred.- payable on October /, Hudson
q ,,,- Company. regular quarterly ? per cent,
t,-s,a On September so; International Paper Com
rsysO, ,sc7,Ia- quarterly y per cent on the nre
80 nsyable on October Is; New York Trust
r.-,sny regular quarterly per cent, payable
ss-tsraber so; Mercantile Trust Company. regular
em-eriy per cent payable on September 30:
ee.s,,e Company, regular semi annual per cent
: rbe second preferred, payable on November 1O
.s1can Malt Cooperation, regular semi annual
~ - cent on the preferred; American Mailing
ls-,orv ~ regular semi-annual 156 per cent on the
.-.se--ed: Un.on Typewriter Company. regular
.srlannual 81 per cent on the frst preferred and
-er cent the second preferred, both payable
e October !.
r-rET. CORPORATIONS HEAVY SHIP
,TTss--TS-The United States Steel Corporation is
-sFing shipments at the rate Of more than H.
s1n0a tons & year Of finished and semi-hnlshed
- sfor sele." This figure compares with actual
fes,0snfs fs.s ~ Il. .5s45s7 tons in 1907 The steel
so--orstion IS now operating about IS Ter cent Of
rs pig iron capacity.
-,,-rDE,ND on AMERICAN ICE PREFERRED.
Tbe directors of the American Ice Company. OF
ssrh the American ice Securities Company Is the
,olsing company, have declared dividend Of IA
rsr cent on the preferred stock, payable on Octo-
se- 1 This Is the first dividend declaration since
ns,suber I5 1885, when per cent was paid on
.csount OF accumulation since April. 1907, the pre-
,s~es stock being cumulative issue. Up 20 ApEn.
,,rrV CARNEGIE Steel. DIRECTOR-Azor r
,,--t general superintendent OF the Homestead
80 ~ The Carnegie Steel Company has been
,scfed member Of the board Of directors OF the
eornpany, to succeed the late William II. Singer.
currAEo PNEUMATIC TOOL. COMPANY
The next dividend meeting OF the Chicago Pneu-
.sre Tool Company. which was % be held in Chi
sra on September g. Will be held in this city
sshsr or that date or day or two later II is
-.,oFted that dividend of per cent viii be de-
S,red psyable in equal quarterly instalments. No
syidends paid last year. In 1907 ard 1905 4
psr cent was paid
FsoN AND STEEL CONDTTIONS.-'Ths Iron
Ase" says:
q the markets this week. the total figuring up
close 20 250Ooo tons. There has been good deal
see bsIlels IS developing. It seems most acute in
he Chicago district, and Is making itself felt IN
next yesr's delivery. The Carnegie Steel Company
has issued new net rst OF extras on bars and
been rather light, the most noteworthy sale being
lot Of 500 tons Of plain material 70 Canadian
fzbdoatoY The leading makers have advanced
prices 20 the 80 cent base The markets for pig
iron have again been quite active, the steel makers
being fhe most eager purchasers. In the Pittsburg
district there have been sales Of Bessemer and
hasic pig sggregating about 5o0lo tons The Buying
q foundry iron has been good.
tie Iron Trade Review SAYS:
Mills steadily falling further behind IN their
6siveTieS and buyers OF finished materials are
much more anxious than sellers 10 make contracts
Te provision Of many contracts that specifications
1ust be filed IN equal monthly amounts during the
NntTaet period has generally been dead letter |
ut Is now being enforced by the leading interests
he entrance of the steel corporation into the
market a buyer Of pig iron seems 10 Re irnni- |
nst The corporation Is operating its blast fur
lzoss a Slightly more than IS per cent OF capacity
8 better rate than can Be maintained regularly /
sa every ton OF pig iron is being used. The cor
p-sfenE operations far this month indicate |
~ rsoeF1s including pig iron ingots. Structural
=. interests are looking 20 the New York sub 1
rE situation 70 develop huge tonnage Of bust /
l.s SlTlng the coming year one dependable estI- /
-se being that fully 000 tons Of steel wifi he
,.sared for this work during 1910. The week has 4
folgnt out the largest volume OF steel rail busi-
IS p3acee n long period. snnon ncenent OF fully
seo tons being made iy four leading interests