New-York tribune., 1909-02-25
aOP[CS OF THE STREET

FOREIGN TRADING.-Foreign houses dealt in
n ea shares in the local market. selling heavily OF
balance II London American stocks rallied after
= weak opening showing marked recoveries in the
vas lost before the close. The general London mar
- ,as heavy consols losing i and foreign bends
from = 10 z selling induced by revival Of IN
-siness the situation n Southeastern Europe
-Ioaev was IN good demand at the British capital
without important change in rates Continental dis
counts remained al Tuesdays level. and eXchar1se
~ London al Paris continued in favor Of the first
named point The subscription Tor me ArgehIne
Joan apparently Is success as the STOCK Is sun IN
demand a. \ per cent premium The New South
wales loan. however. has not been well received
ana underwriters had 10 take 20 per cent OF the
.ssle L is quoted 7-l6 per cent discount.
COPPER PRICES BOWER-The local Metal
FF,xchange quotes lake copper off i in the asked
prlce at 12S<613; eeetrelytic of 3 in the bid ana
lzSs d.2H. and casting of = in the bid and
asked al 12lQ12 Sales Of electrolytic copper were
-cBorted yesterday at Z cents pound, but the
srhount small and hardly reflected the actual
conditions Of the market. There reports OF
some large sized blocks Of copper being offered at
zZl. cents = pound but many Of the large sellns
agencies and producers are practically out OF the
market refusing 20 make prices There IS every IN
eication that sharp reduction IN prices oy the
seading selling agencies viii be announced soon.
SECURITIES IISTED.-The following securities
have been added the Stock Exchange list: Met
-opoan Street Railway, Sls6oeo additional refund
ing one hundred year per cent bonds making
total $1,000 600: 5000 600 additional twenty
fve-year per cent debentures. making total listed
Sae100Jo OF the New York. Chicago & St Louis
Railroad Company. $4,000 additional first mortgage
Z per cent bonds of the New York and Richmond
Gas Company; $4,000 additional nrsI ana reIullu
s7r n7ortgaEe per cent bonds making total listed
3 so COO Of the Iowa, Central Railway Company;
S3pg additional first consolidated mortgage per
cent bonds making listed s51 3s03a. Of the
Southern Railway Company; $4,000 additional first
general mortgage bonds OF the Wisconsin Centra!
railway Company; s1o.aoaGoo additional general
mortgage 3ls per bonds. making total listed
sso27l,6ao Of the Chicago & Northwestern RallWaE
ne- cent bonds OF the Manitowac, Green Bay &
Northwestern Railway Company; S5etoSe frst
mortgage guaranteed 81 per cent bonds O. Inc
uFaukee & State Line Railway Company
HIGHER SUGAR AfARKET.-Following the ao-
-spoe in raw sugar ref7ners have generally raised
their prices The Federal went up points Thlle
ot5er ra@ners made an advance Of 10 points
The lowest net price less / per cent cash Is
4z5c as named by Arbuckle Brothers Ihere
have been further sales of Cuba centrifugal sugar
~ sssc basis e6 test cost and freight and also
10 GOO bags for April shipment al '-l6c basis
ee test cost and freight
NEW ORLEANS TERMINAL--An issue OF
ss 800. .00e two-year per cent notes OF the New
orleans Terminal Company has been purcheseo
bv Potter Choate & Prentice, who, having soio
over three-ouarters Of the notes. offering the
remainder at 1Ools and interest, 10 net 40 per
cent the investment The notes are guaran-
iced 1ofntlv and severally both principal ano
interest by the Southern Railway and St Louis &
San Francisco Railroad. and are secured by de-
post Of So. .00e 600 first mortgage per cent bonds
Of the terminal company. all guaranteed by the
above mentioned roads The bonds have sold as
high s6 and at present market price the value
Of the collateral amounts 70 s=.2oo.ooo
GOLD FOR ARGENTINA--Gold shipments
from this centre Argentina Saturday viii
amount 10 sl7o0 GEO OF this the National Bank
Of Commerce will ship s25O,o0o, the Bank of New
York. se5eo0O; Heidelbach, Ickelheimer & Co.
$3.50. .eeo and Kidder. Peabody & Co, S25o.OeO.
Total since January !, s10,So0ooo-
GARY MILLS IN OPERATION-The Indiana
steel Mills at Gary have begun actual operations
in turning out their first order Of new steel rails
for the Chicago Burlington & Quincy Railroad.
The company has booked several large orders for
rails. the largest Of which for thirty thousand
Tons for the Baltimore & Ohio. There now
a-1TT MA NJ
and TIVE oren hearth furnaces
DIVIDENDS ECLARED.-Dividends have been
declared as follows: Childs Company. regular
quarterly = per cent on the preferred and 4
per cent the common. payable March 10;
Wonlan's Hotel Company, quarterly L per cent.
payable March Is: Railway Steel Spring Com
pauy regular quarterly . per cent the pre-
feFred payable March 20
MINNEAPOLIS & ST. LOUIS RAILWAY
Fisk & Robinson offering to holders OF the
S-9l5ooo Minneapolis & St Louis Railway Gowa
Eztensen) first mortgage per cent bonds. matur-
change Cor the first refunding fifty-year IS Of
the Minneapolis & St. Louis Railroad issued TO
accrued interest for the refunding bonds and 1o0
and interest 10 maturity, less discount the rate
Of per cent year for the maturing Is. At e5lz
and accrued interest the first and refunding net
about - per cent year
LEATHER COMPANIES MEETINGS-At the
company al o4 the directors We're rected 's At
number Of directors reduced from seventeen
70 fifteen. II B Darlington and J O. Armour re-
k4l-llS from lNe BOARD Al me directors meeting,
following the annual meetings all the officers
were re-elseted.
QUOTATIONS DISCONTINUED. - The New
York Stock Exchange discontinued quotation
on Union Pacific Railroad Company temporary
bonds for first lien and Tefunding per cents. due
ttS, ane Northern Pacific Railway Company
subscription receipts for capital stock full
paid.
ADMITTED TO oUoFATIoN-The Stock En-
Change has admitted TO quotation in the uniist ed
department Chesapeake & Ohio Ra-erav Com
psny. United States Mortgage and Trust Com
Pazys interim certificates for general funding and
Improvement per bonds
EMPIRE STEEL AND IRON.-At the annual
meeting of the Empire Steel and Iron Company
G h Nehnder and D. Q. Stanley, were elected
directors.