New-York tribune., 1909-12-30
TOPICS OF STREET

DIVIDENDS DECLARED. = DIVIDENDS
have been declared as follows: Public Ser
vice Corporation OF New Jersey, regular
quarterly Ia per cent, payable December 81
American Chicle Company, regular month
IL / per cent and extra ] per cent on the
common payable January %. and regular
quarterly IL per cent, payable January J.
Bush Terminal Company. regular seml-an-
nual 2ia per cent IN the preferred, pay apie
January 3 -fltna National Bank, regular
Quarterly per cent. payable January !.
XandaIis Railroad Company, regular seh,l-
annual ~ per cent, payable fenruary 10.
Mines Company of America. regular guar
ferly per cent payable February 10
NATIONAL STARCH BONDS.-speyer
& Co, announce that they are now pr pr,
pared TO receive deposits of NauonaI Starcn
COMPANY per cent debenture oonds ana
National Starch Company per cent mort,
gage bonds. and TO issue tneir ceI eIli.lcdre a %
deposit there. Copies of the deposit aEIeT- r.
lne-lt may be obtained "a their ONCE Nos-
"a and IS Pine street
wABAsH INTEREST DECLARATIONS;
The directors ,,ae5 81 ane aa aofS interest pay
r:ent of : per cent on the depehId.e a, a
hoflds and per cent On tue oe'eii'"1
s~Bs," both payable January J.
CHICAGO GREAT WESTERN BONDS
STBSCRIBED.-J. i Morgan q 10 20
announce that tho subscription hist OF l.- Cni-
Hrst mortgage fifty year per cen. eat;;ng Eng
fclSs has been closed. the issue nd'iIiS
teen largely oversubscribed-
PUBLIC SERVICE GoRPoKAi es-.ids dl04C Goro .
r,oratiou of New Jersey has created the oL-
Nces of third and fourth Vlce-presIHtei!! - =
which have been filed, respectiNe.r,y, " ~
election Of Randall Morgan. OF PhliaueIpiiia'
and Authcny r. kuser. or Ne"aIA-
TO OPEN UNLISTED DEPARTMENTS
Bingham. Lawrence q Co, neIaosrs fI, M 81
"a. New York Stock Exchange, VIII on
Jsnuarv omen an unlisted securities de-
partnlent which Will be IN charge OF ), Il +;
MaoMasters, formerly with Kelly HoWeH
po>r A,yD STEEL. CONDITIONS.-"T
Iron Age says:
There have been few transactions of
moment in any branch OF the iron trade In
the last week. In finished steel business
Uss Unexpectedly good for the first three
weeks of December: then marked quiet
ness was noticed Specifications have been
more a feature than new business. and re-
ports indicate that cancellations by manu-
fscturers will be few Fabricators have
been rather urgent III closing construction
contracts, so that they could specify on All
rhe low-priced structural steel bought Tor
..1'he mig iron market has developed a fair
volume of inquiry, buyers seeking TO take
ADVANTAGE Of the concessions recently Of
fered- Apparently there Is less low-prlced
iron than was TO be had two weeks ago.
and since furnaces are facing higher raw
material costs, they are careful about sell
ing far ahead. The enormous demand Tor
sheets is conspicuous in the finished ma
rerial situation Indications appear or CON
siderable buying from the railroads in Jan
uar7. Leading Western roads are ali short
Of equipment"
'sThe Iron Trade Review says:
The year 1903 will long be remembered on
account of the wonderful recovery from
profound depression 70 great prosperity
lions in price which characterized other
periods. The conservative policy generally
maintained this year concerning the max
ing OF contracts for finished materials has
been and still Is an important factor in es-
1ablishing the iron buSinesss on a sound
foundation of prosperity. That the building
of new blast furnaces on the shores of the
Great Lakes is not TO halt is shown by the
announcement that the Rogers, Brown Iron
Company will build two new furnaces at
Buffalo. The production Of pig iron and
steel by the United States Steel Corpora
ton for December will be about the same
ss for November. The pig iron market is
duh in the North, but prices are pretty
well maintained. In the South the market
IS not only dull, but there are unrnistak-
able evidences Of weakness