New-York tribune., 1909-04-14
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses were
moderately active in the local market, selling up
ward OF D9e0 shares on balance, with the heaviest
sales in United States Steel common. In London
the general market closed heavy after early
strength. in the course of which consols advanced
10 the best price OF the year American issues
however. we're weak in the best part OF the day,
though showing a slightly hrmer tone on the curb
at the close. Money easy at the British CAPT
tai, call funds being put out as low three-quar-
ters OF per cent A lower bank rate is looked for
before the end Of the month. Austria secured the
South African gold offered in the open London
market. Paris exchange on London was strong.
UNITED STATES REALTY AND IMPROVE
MENT-The directors Of the United States Realty
and Improvement Company have declared the resu-
lar quarterly dividend of per cent, payable May /
The company's net profits for March were >-l4'o-s
and net income after interest on the deDenluIs
bonds Sl59I7S. For the eleven months ended
March 81 net income was s1,260,I0, and dividends
S464.SS4 Total book surplus March 81 was S5'ooo'-
sos II is officially estimated that the net earnings
available for dividends for the year TO April So
Will approximate 10 per cent on the capital stock
APPLICATION TO LIST--AppliCation has been
made the New York Stock Exchange by the
Chicago & Western Indiana Railway Company 10
list S2,525c0 additional consolidated mortgage
per cent bonds, due in 1852. and by tne - .CIesoI @
Short Line Railroad Company TO list &9sl'e1 Ctah
& Northern first mortgage per cent bonds eN-
tended at per cent. due in 1888.
CORN PRODUCTS REFINING.-The directors
Of the Corn Products Refining Company will meet
in this city to-day for the purpose Of authorlzlns
issue Of SO G00,0o0 per cent bonds. The stock
holders will meet III the near future for the pur-
pose of ratifyng the operation The proceeds from
the sale OF the bonds VIII USel toiiStI 1N'i'I
purposes.
COPPER PRICES HIGHER--The local Metal
Exchange quotes electrolytic copper up lsC in the
asked price 12l2G12s4C; casting up Sc at 1850
12ssc and lake unchanged at l27sg1Sc Actual bust
ness in eIectrolytic continues a basis of l2s4c
a pound. The demand is not brisk and no ma
terial Improvement in prices is looked for until
the stocks OF copper on hand decrease Foreign
buying has subsided.
DIVIDENDS DECLARED. Dividends have been
declared as follows: St Louis & San Francisco,
regular quarterly ! per the first preferred,
payable Nav I; Central Railroad of New Jer-
sey. regular quarterly per cent, payable On May
!. Kerr Lake Mining Company, regular quarterly
per and extra . per cent. payable on
June L. Henry r Worthington Company, regular
seni-annual 81 per cent on the preferred payable
on May l.
GRAND TRUNK DIVIDENDS RESI- MED-It-
rectors Of the Grand Trunk Railway Of Canada
have resumed dividends the first and second
preference stocks ny declaring . full years dtvi-
dend Of per cent the first preference stock
and half years dividend Of 2ia per cent on the
second preference stock The dividends were passed
last August.
OF VALUE TO INVEST STOFS.-Svartvout & Ap-
penzelIar. Of No - Pine street have just issued
a wall card and reference table Of the principal
listed and unlisted convertible bonds, showing con-
version prices. privileges, rates. method OF com
putting. etc. which they will be glad to distribute
To investors and bankers
TO CLEAR THROUGH TIE CLEARING
IOLSE-On and after April Is. checks Of the
-431na National Bank viii be cleared through the
Clearing House The clearing agent OF the -fltna
Vii be the National Park Bank.