New-York tribune., 1909-03-31
TOPICS OF THE STREET.

/ FOREIGN TRADING.-Foreign houses bought
! 10000 shares on balance in the local market In
/ London the general market was firm although
American stocks closed under the best on the curb
Consols were strong Money al the British capital
! was In coed demand. with call rates at from : 70
! % per cent The inquiry on settlement account
/ was fair. 4 large amount was borrowed from the
Bank OF England for short dates Bills wera weak
| er. and it thought that the Bank Of England
would reduce its minimum discount rate to-n1or-
| row.
CROP CONDITIONs-snow's crop report for
| April ! makes the average condition Of winter
wheat at the end Of March SIS. Last December
when the crop went into winter quarters, he re-
ported the condition at $50. This detailed report
/ shows that the prospect has improved during the
winter in the Ohio Valley but has deprecated very
materially in Missouri and Texas, and to some
what less extent in Kansas and Okla homa- Fun
growing weather las been experienced only in the
extreme Southern belt; elsewhere two weeks OF
warm sunshine viii be needed to start growth suf-
fcient to admit OF thoroughly definite Judgment Of
plant condition The growth Is sIaI! and the plant
late. and east Of the Mississippi River the stand
Is thin The winter generally favorable, and
winter killing IS apparently not unusually exten-
slve. though considera ble may he aban-
doned because of imperfect termination last fall
TRUST COMPANY LAWs.-A valuable addition
TO current literature banking topics is found in
Trust Company Laws" Just published by the
Trust Company Section Of the American Bankers
Associa ton The work, which IS compilation OF
the laws relating 70 the trust companies in the
states and territories in this country. in
cudes among other features the provisions OF gen
eral banking laws applicable 70 trust companies
and amendments made at legislative sessions in
1905. \ limited number Of copies are sale at
the Office of the American Bankers Association,
No. Nassau street this city.
EQUITABLE TRUST BUYS RECEIVERS GER
TIFICATES.-The Equitable Trust Company has
purchased The new issue OF 100000 ~ Per cent
receivers certificates Of the Western Maryland
Railroad Company recently authorized to raise
funds for paying the April I coupons on the com
panys first mortgage 1 per cent bonds. which will
call for $3.50. .0oo The certificates lature in six
mcnthly instruments OF S116.s67 each There VIII
he no public offering Of the issue
COPARTNERSHIP DIRECTORY-The Trow Co.
partnership and Corporation Directory for has
just Leen issued The work comprises upward Of
1g10 pages and contains more than 1900 names, an
increase Of 500 names over the 1908 edition The
directory gives valuable information regarding
partnerships and corporations, their officers. direc
tors and capital involved 1t also gives the states
under the laws OF which the corporations are
formed.
COPPER PRICES HIcHER-The local Metal
Exchange quotes eIectroytic copper up 1sc in the
asked price at 12lac to I2Ac casting up &c in the
asked 122sC 10 123sc, and lake unchanged az
127sc TO I3lsc. The general copper market is
tremely duI Local sales are light and the foreign
demand IS uninportant Some interests in the trade
believe that production in the current month will
establish new high record
AMERICAN TELEPHONE AND TELEGRAPH
At the annual meeting yesterday Of the American
Telephone and Telegraph Company Ruduph Ellis
Of the Fidelity Trust Company, Of Philadelphia.
was elected director, to succeed II. II. Brigham
Following the meeting Of the stockholders the direc
Met and reelected all the officers Of the com
pany.
ADMITTED TO QUOTATION--The Stock En-
change has admitted TO quotation in the unlisted
department Pacific Telephone and Telegraph Com
pany J. P Morgan & Co. trust receipts for the
first mortgage end collateral trust per cent bonds,
TO be traded IN END interest.
JONES & LACGHLIN BONDS SOLD.-It IS
announced by the syndicate which bought S15.-
100000 per cent thirty-year bonds OF the Jones
& LauEhlin Steel Company that the entire Issue
has been sold. The market for the bonds IS now
99as 70 995s.
SOUTHERN RAILWAY BOND PAYMENT
Southern Railway Company fve-year per cent
- T--fFT
be uafd IT the Office Of the Guaranty Trust Com
parv OF New York and after April l.
REGULAR ANACONDA DIVTDEND.-The di-
recrore Of the Anaconda Copper Mining COMPANY
have declared a regular quarterly dividend OF 80
cents share, PAYABLE April IA
WESTERN MARYLAND CERTIFICATES
BOUGHT THE Equitable Trust Company has
purchased $500 600 receivers certificates from the
Western Maryland at par