New-York tribune., 1909-09-08
TOPICS OF THE STREET.

FOREIGN TRADING Foreign houses sold up
ward OF 1900 shares in the local market, the
heaviest dealings being in Union Pacific, Southern
Pacific and United States Steel. In the London
market American shares were weak on selling In
great part for New York account. The general
market AT the British capital irregular and
dull can money was easy and discounts were
frner, Influenced TO some extent by a strong Con-
tneu5al demand for gold.
STEEL PRICES ADVANCED.-Several of the
independent steel companies have advanced the
prces OF plates and shapes 20 81 80 a hundred
pounds. This is equivalent 20 an advance OF 81 a
ION, compared with the previous quotation. The
base price for steel hars has been advanced from
s. IS 70 s. 60 which Is equivalent 10 a rise Of 81 a
ton. E7or immediate delivery high as 81 Is has
been obtained for steel bars. Steel bars are now
selling on the same price basis a year ago, and
tank plates and shapes within 81 a ton OF a year
Il viii be seen from the above figures that
steSl prices have practically recovered the loss
suftaned after the declaration OF an open market
ln February. Tinplate prices VIII probably be ad-
vanced s. or s. ton in the near future
BROKERS ENLARGE OF'FICE.-Williams. Nc
Connei & Coleman have enlarged their offices at
No. 81 Wall street 10 accommodate their growing
business. Their customers room is now equipped
with quotation ticker and complete news service,
and their investment department has complete sta
tistics covering all classes Of high grade invest
nents-
NEW MEMBER OF YANKEE FUEL COMMIT
TEE-John ". Platten, first vice president Of the
Inite1 States Mortgage and Trust Company, has
teeD appointed member Of the protective commit
Tee OF the Yankee Fuel Company and Santa Fe,
Ration Eastern Railroad Company. 10 succeed
TIE lare c c. Cuyler.
DIVIDENDS observation-disclosures have been
. declared as follows: Swift & Co, regularly quar-
iefly Il. per cent payable October 4; st. Joseph
Mfway Light, Heat and Power Company regular
quarterly u per cent on the preferred. payable
October l. New York. New Haven & Hartford
Railroad, regular quarterly per cent payable Sep
'smhsr 80; Columbia Trust Company. quarterly
per cent, pa-able September 80
MACKINAC BONDS TO GET PAYMENT is
s'Ved that the trustees OF the Detroit, ALackinac
4 Marquette land grant per cent bonds Will
rEtribute ] per cent 10 the holders Of these bonds
tn October 20. The last interest on these bonds
was paid in April, 1908, and amounted to 1 per
KANSAS CITY. MEXICO & ORIENT EARy-
NGs.-The earnings Of the Kansas City, Mexico
Orient Railway for the month Of August were
A1loCo. an increase Of $4,000 the same
period last year
PREMIUM on NEW CUBAN BoNDs-A pre-
hlin q per cent is now bid at London for the
new issue of Republic OF Cuba ~ per cent gold
pohas' onered by the Speyers. On the local curb
ihs premium bid for the bonds IS also per cent
APPLICATION TO LIST--Application has been
made 10 the Stock Exchange TO list s28 25s 900 At
enlson' Topeka d Santa Fe per cent convertible
bonds Of 1875.
DoNTs" FOR SPECTATORS. Frank
novel;. OF the Consolidated Exchange. offers the
loAoRlng 'donts" for spectators: Don't think
you can get them in short order just because there
Alght be millions In it, Don't attempt 10 win in
ae stock market with a little money. as you would
n tas races or other games. for the stock mar
aeH ~hlte u may or may not be game of chance,
= as clnerent from other games as are orchids
-e-4 p--i-liEllls Don't DelleYe that because call
money ls per cent and your broker charges you
per cent for carrying yOur stocks you are sup
B-''As MIN. u he does legitimate business-as
81 are supposed 10 do-your account may be a
sllsI one, and sometimes lie dormant for a long
sAe, SIo The work and expense in carrying same
IesuHe much work and expense monthly Don't
.Soe tEfough a firm before making inquiry as TO
. slei4c!hg and character. Character stands for
Iyie II The stock brokerage business than in any
g-e,' or al least as much. II is good asset 10
|e mokeT and good consideration 10 the Gus
lIet- Don't try 10 make 500 with SO 1t is
Aety l1e chances 100 10 you will lose. But
U you can win $1,000 with $780, and do IL ten times
leaf' you have earned 100 per cent against a
tgsAiDle per cent on mortgage. Don't think you
-O1e pe IN the market all the time; IL may tire
- - Ion play Ups unless they fully dovetail
VI H-tG ) our own judgment. built up from study of
-lEe' -' conditions. Don't buy an automobile
tlola you make a little money in the stock mar
- because you think IL easy money; you may
- - y Le hardest you ever earned. Don't spend
80 80 man you have: spend less. for then you will
ae's nave something coming to you. Don't place
-. - Llst IN rumors; they hoated for a pur-
- Sooa things are kept quiet. The stock mar
gfG 1.rn 80