New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-01-28
TOPICS OF THE STREET

.,r7fN TRADING.-Foreign houses sold a
.,T thousand shares on balance in the local mar
teN II The last three weeks more than 10000
So have been sold in this market for European
shs,nt the movement having been ali important
&C. in the strength of the sterling exchange
.s-rs. IN London oonscls were heavy at the
Elae+ nrice of the week. the copper shares were
- AND the general market was dull and irreg-
- Nouev was in moderate demand at the Brit
Is esnitsI at unchanged rates. Discounts were a
- sru1er Continental discounts remained
.esex,s level. and exchange Paris and Ber-
= on London was flrTner The new Russian loan
u ouoted al l. Per cent discount at London the
rsJl,sn loan ST par. Sac Paulo at per cent pre-
s--, and the new Finlano at Z per cent pre-
MUM.
hearth furnaces of the Carnegie Steel Com
~. At the Ohio works. in Youngstown, were
I'D IN operation On Tuesday for the first time
re furnaces have a capacity of fifty tons each.
- are the first open-heaTth furnaces ever oper-
- IN the Mahoning Valley. and open a new
.o-h in the manufacture of steel In that district.
y oerns1iraria Steel Company has received an
e. for 900 tons Of steel rails from the Panama
SSrnsi commission The rails to be delivered
1-ned:stely. H. E Sheldon. president OF the Al
s.-herv steel Company denies the statement that
= independents would form a trust TO fight the
rated states Steel Corporation. The Mckenna
p-oress Company VIII reroll for the New York
=. Haven & Hartford 5000 tons of old 1p1-pound
sis This is the largest single order ever re-
,sIre5 by tbs former company. and is de-
r.-+ure for q railroad company. Heretofore the
threads have sold their old rails for scrap. The
~ tons q rails viii be rerolled into se-pound
,ziis ana will he used for sioings. etc Shipments
~ structural steel by the Bethlehem Steel Corpora
Js, last month were the largest on record.
srountlng to es.oeo tons. The rail- and structural
-ins Of tie company in fun operation. The
-eTs,-ts that negotiations under way for con-
,oI:6sflon Of the Lackawanna Steel Company,
psthehem Steel Company and Jones & Laughlin
steel COMPANY are denied
DIVIDENDS DECLARED.-Dividends have been
stolsrea as follows: Rome watertown and Og-
sepsnurg u. per cent quarterly. payable February
Is Fourteelth Street Bank regular sen-annual
l1e LaNr
4 81 Louis Railway. regular annual per cent
re first preferred and per cent the second pre-
AIRED American Bank Note Company, regular
nonthly per cent. payable January so. Rubber
Goods Manufacturing Company. regular / per cent
81 the common, payable January %.
COPPER PRICES LowER-The local Metal Ex-
change quotes copper of l. in the asked price al
l4daHz for lake eectrolytic. of Il in the bid and
ssked 15ediSss- and casting off Is in the bid and
.sked al isSsz1s Small sales Of electroyic cop
ger were made yesterday at Iss cents a pound the
ioFrzt Level for the current downward movement.
Producers who are holding the metal at 14a report
no business.
COLD FOR ARGENTINA-CIold coin to the
tneunt Of S9aoos w-as taken yesterday by Muller,
sehsn & Co for shipment to Argentina, making
.tipmeats Of $4,000 for the day. Total exports
~ the South American movement since the first of
he rear have been s. $4,000.
NIX & T SELLS BONDS-Speyer & Co have
nSrchased s. e of the first and refundins .n1ort-
rsse per cent bonds of the Missouri. Kansas
Texas Railway. These bonds have been in the
oampsny,s treasury and were issued time ago
al been s5id-
DIVIDEND DEFERRED-The directors Of the
Electric Properties Company have deferred action
on the dividend on the preferred stock. The rate
has been li2 per cent quarterly.
SECURITIES LISTED.-The following securities
have been added 20 the Stock Exchange list: s45.-
GaeI per cent cumulative preferred stock and
SAnmeao common stock Of the American Sugar Re
timing Company. 1896 1000 additional capital stock
df the Northern Pacific Railway Company. SCI. ia 40
additional preferred stock and SS.21.10o additional
common stock OF the Chicago. Milwaukee & St
Pau Railway Company, sI7-55o0oO first and refund
tng mortgage per cent bonds of the Denver & Rio
Gfsnde Railroad Company. Sl.eso,oo0 additional re-
funding and extension i per cent bonds of the
Wabash Railroad Company, $4,000 additional first
and refundng mortgage fifty-year per cent bonds
of the Minneapolis & St Louis Railroad Company,
no additional convertible per cent bonds of
he American Telephone and Telegraph Company
and S5.oi7o 90 additional capital stock Of the New
Ts7k and New Jersey Telephone Company.
LEAVES J. P. MORGAN & Co.-E. Stuart Peck.
shs has been with J. p. Morgan & Co for the
issf foar years. ii learned yesterday, will be
Associated after February with Freeman & Co,
Of 80 s. Pine street, where he viii handle their
investment bond business.