New-York tribune., 1909-04-15
TOPICS OF THE STREET

--->- TRADING Foreign houses dealt in
Di'-1-a-ae On the local market, buying 10000
81" = LaIs--t IN London the general market
share sas7-essel. consos declining, also foreign
W. -rza k-=ss being based on political condi-
ool- - TURKEY All European markets suTeTea
to-..A =arne reason There WAS no disposition 70
Co ~ -. +1r the new account the London
b.! Lending rates al the settlement were
eAC-'Er,- firm with the contango on American
Teas'-'a r'7- Q rler cent and that on Stock EX-
So loans ty the banks ~ per cent. Sai
cha--s - The British capital was easy, and con-
No. discounts were unchanged
i-n-r SHORE ORDERS MORE RAILS--It was
Ian --.-.r--red Yesterday that The Lake Shore
oeolal-ti southern Railway Company had made
hi0i--7----ar-- fer steel rails to the extent OF
tII-As- tII ,,tta The Illinois Steel COMPANY The
%St .so+iors call for 1e5-pound rails II Is me
speol - .,-7-arlv 10 replace its present So-pound
T4a- s+h the new 1Go-pound ones ordered, and the
e. Is-,5 rails are To be placed on the new Inc oI
s-Po- -. 4 Tfrrsf1urg. This contract increases
the - - orders placed by The New York Central
re - -ha United States Steel Corporation 10
s1a0 m ,,.- ,.;.;e.
So -. .e55eti 10 the Stock Exchange list; State
Ls = 50 York per cent highway lnIFoNeI
OF - -hs amount Of $3tt-Ree. So,l7o,V3 addi-
bonas - 80 erork making total listed Sl646o.0oo.
Iciss. Is- re-sollda1ed Coal Company; S''eov" Slpe-
O. Tuluth division first mortgage : per cent @
- - n The Wisconsin Central kailWaN' Sl.+'''''''
u15.5.-.,,a1 first mortgage J"eniy-nNe-EeaT . Per
- making total listed SSoSl,"", Of the
GO csl-,s,r state Telephone Company, $4.s'i-"" Jlah
Al.--st,e-.. Railway first mortgage coupon bonds
N'I ~. ,,.r cent Of the Oregon Short Line
exS ex'eILsS Co-7rsnv: S7.2925o capital stock Of the
I-rah Copper Company ,o-
1,-1--D+-HDS observation-disclosures have been
u e follows Michigan State Telephone
oec4ai'- -.-srfa- quarterly 1l2 per cent on the
oo.tt-s5 razable August . and regular quarterly
- ~a-- on the common. payable June J.. New
:. - mock Company. per cent on me prele'II'
ioih .--5r "a Mines Company Of America. reg
pa. --,-+hr,- . rer cent payable April =; Ne"
, Isl and Honduras Rosario Mining company
- - monthly per cent payable AiTll -
1ee----,---z5aTE-R ITNOTYPF-For the four
l~5e5 January s. the Mergenthaler Limo
nc IT.. So-7-srv earned - per cent on It's STOCK
~ - -Ie following TWO months 2l7 per cent was
o5 making ia the first half # its hscal Eeal
e1 s--e e7-rsr 70 the entire years dividend
- Consolidated EXCHANGE MEM
-EPc7 stewart Campbell and George J.. sum
+>1TrD. COPPER STOCK AT AUCTION.-At
-asr,v auction sale q securities yesterday 7AP
&c NJ United Copper coInn27n IN stock were swiu
s!-.. - na shares Of the preferred a. %5is- The
s+ock * understood 90 have been collateral LOT d
TT 1R0N AND METAL TRADES-''The iron
There has been further movement in
cfr.i,s-r mig f-on the Chicago market being the
-, sc-iye during the week II is estimated i1at
ts-uaen - IN ard 6orD0 tons has been entered by
s.ers there. Ire bulk going 70 aEricuIturai m
rIer7ert makers Pipe makers nave noNElI III '-A-
go -s-rs of the country. one shop in Virginia
taking 1850 tons. Two in the Philadelphia dlSltlcl
about 75a tons. and TWO In Northern New \ orA
erailr
rs- below 81 birmingham. but they were unsuc-
cessfuL BUYERS Of uIpe irons have been showing
5snosition 70 specify increasing percentages 81
I-vs- n.rn ters knowing that makers produce them
orlv occasiona v. by accident and are then forced
n deliver higher grades that acceptance ot con
arfs fa- delivery OF lower grades i equivalent -
8 shadnE in prices. In the Philadelphia district
ppe f-or has behen sold below S5-
aeT~he Iron Trade Review saws
.Pusf-ess shows considerable Improvement IN
-o--sre or finished products. but prices are eX-
-ar1elv Irregular and the hope Of the trade Is that
increased business viii soon have a saiutary effect
az -rices Decidedly more interest Is shown in the
rir iron market The action Of the Senate Finance
Committee concerning the metal schedule Is r.
os4,a5 with favor IMPROVEMENT II inquiry for
rsr iron Is noticeable IN nearly all parts Of the
ror1rrv and heavy sales OF the Southern products,
esnerialIv in the Chicago district, have been made
within z few DAYS L is estimated that sales OF
Southern iron for the month amounted to more
han $4,000 ions Prices are frmer, and 81 Biz
r.i--rs-l Tor No. . is now the price Of only one
interest Low prices are being made in the val
lev 4 s.. Louis concern has bought 200 tons OF
basic and 900 tons Of basic were sold 10 an Erie
Penno company. Stocks of pig iron in the yards
q merchant ard steel plant furnaces are estimated
e -maeG tons IN structural material low prices
are being named on shapes for fabricaunE and
erecting bur business is Of more satisfactory vol
Une The New York Central lines have placed an
ordsr with The American Bridge Company for 5000
tons Of s-eeI for use on their terminals in New
York City. The remainder Of the $500" tons re
CURED by this system. principally for bridge work,
has been definitely awarded. = number OF
good sized contracts for piers and buildings nave
been awarded al san Francisco