New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-08-25
TOPICS OF THE STREET.

v0REIGN Foreign houses were not
-ve in the local market. dealing in about 10000
-,rss with purchases slightly in excess OF sales
4 ne London market prices showed only unimpor-
~, changes. American issues on the curb We're
~swlat unsettled, but securities in which the
-viuert Is interested We're firm on foreign buying
-t5ueh tie lending rates in the settlement were
IA and renewals with the Stock Exchange made
a. ner cent bankers charged - per cent for new
,,s on American stocks and demanded larger
-rrr.ns as d consequence Of The dangerous specu-
wv position ID the New York market There is
rus indication that part 81 the local bull account
h, been shifted 10 London.
,rGGENHEIM on COPPER.-S. r. Guggen-
,4r Chairman Of the executive board of the
,-eriosn smelling and Refining Company. re-
med 70 New York yesterday irom a trip through
!. Wes, With officers OF the Utah and Nevada
-rsoidated Copper Company, Mr.. Gugsenheim
-,5e an examination 81 these properties. When
....5 Yesterday as 10 the copper outlook he said:
ne demand Cor copper during the next ninety
Avs Will am convinced, be very large, because Of
!. great expansion in Industries row going on
-, the massage Of the tariff bil. The Utah and
srs6a Consolidated plants ] consider the greatest
r. price production copper mines in the world
lNN AREOR RAILROAD CONTROL CON
The not. holders committee Of the Detroit.
80 4 Ir5utoa Railway Company per cent col
ssral trust notes ~ which Joseph Ramsey, jr., is
s,tnan has sent the following notice 70 the
r.kro6crs 90 the Ann Arbor Railroad Company;
s7su AZ, hereby requested I'm your own interests
:
Young Lee VI. ButZel and .. Casper Niles. OF
f.sr II Them sent out by persons in control OF
4, ureserlf management OF the Ann Arbor Railroad
rrnarv bur 10 await the nomination OF proxies
se,ed 10 act on behalf of the stockholders Of the
,r Arbor Railroad Company, whose names VIII DE
fgl on, within few days.
sN-THEPN Steel. COMPANY REORGANlZA-
T0N-D O. Roissel ain. secretary OF the FeOr-
u.z.tiou committee OF the Southern Steel Com
r-r announces that certificates OF stock OF the
srheru l-,a and steel Company VIII be ready Ter
f--l7fl4r ..r and after September 10 the holders
f-s-ihcar,s "a. stock ~ the Southern Steel Com
rv on the basis OF distribution provided In the
= Tor the 0eucsiJuE Nrst mortgage bonds col
.-al trust notes creditors claims and stock,
rn presentation Of the several forms Of oblga-
pa q the dep0staries.
LARGE DEMAND FOR STEEL BILLETS.-
r demand t0r steel blllets al the present time Is
10 LARGEST since October 1907. and manufacturers
ashilG ,n le.lveries An order for 10000 tons
vas placed with the Pennsylvania Steel Company
N0dsv al prlce well above current quotations.
Is expected taat prices for this class OF ma
lFa may DO advanced in the near future.
REGULAR HARTMAN pIVIDENDS.-The di-
ieaors Of fhe Union Pacific have declared the
regular quarterly dividend OF 2i2 per cent on the
crmOn stock. and the regular semi-annual diVi-
ott O. per cent on the preferred, payable Octo-
~ J. The directors of the Southern Pacific have
1eeSr-d the regular quarterly dividend Of IL per
ea' on The common. payable October l.
HNDENnS ECLARED.-Dividends have been
tsaaret a. follows. Brooklyn Rapid Transit Com
~! regular guarterly per cent, payable October
F.. Boston e Albany regular quarterly 50. payable
s-l'enber 30. Rochester Railway and Light Com
Any Regular quarterly ia per cent on the pre-
FT'd' payable September ].
COFFEE EXCHANGE HOLIDAY.-The Coffee
4'Aange W. bee closed saturday, September I.