New-York tribune., 1909-03-25
TOPICS OF THE STREET.

ropETcN TRADING-Foreign houses sold 20.
90 shares on balance in the local market In Lon
6on the general market was weak on unfavorabe
advioes from the Continent regarding the Balkan
situation Ccnsos lost 3-I5 and foreign bonds were
weak. with heavy selling pressure in the RUSSIAN
issues. American stocks were down Money was IN
active demand at the British capital and as high as
3 per cent was paid for call loans At Paris ana
Berlin heavy stock markets prevailed
DIVIDENDS DECIARED.-Dividends have been
declared as follows: Century Bank, quarterly IL
per cent. PAYABLE April !; National Park Bank,
Quarterly per cent. payable April !; Fourth Ma
tional Bank, quarterly Per cent payable Aprn i
Marker and Fulton National Bank, quarterly per
cent pavsble April l; E W Bliss Company, quar-
terry ~ per cent on the common and per cent on
the preferred payable April l; New England Tele-
phene Company. regular quarterly IL per cent pay
sble April Is; Standard Milling Company, regular
seni-aunual u Per cent and extra one-haf OF
per cent on the Preferred payable April u; j. II
White Co, regular quarterly IA per cent on the
preferred payable April !; Electric storage 6at-
tery Company regular quarterly three-ouarters OF
rr cent on the preferred and the same on the COM
mon. Cs-aeld National Bank quarterly per cent
PAYABLE March 81; Washington Trust COMPANY
quarterly per cent payable April I; Liberty Ma
tonsl Bark. regular quarterly per cent payaoie
Aprsi l: New York and New Jersey Ielepnone Cotl-
psny. regular quarterly, Ia per cent.
SECURITIES LISTED.-The following securities
have been added to the Stock Exchange list; Five
million dollars additional first and refundlng mort
gage per cent bonds Of the Denver q Rlo STaIloe
Railroad Co-upany, 50 26800) additional refunding
mortgage per cent bonds Of the Chicago, ftoch
Island and Pacific Railway Company, SSvN'vo al
Chicago & Alton Railroad Company, SlZO5JV9 com
mon and $4,000 preferred stock Of the Duluth
South Shore and Atlantic Railway Company gu
0ene.o capital stock and 100000 hrst mortgage o
per cent convertible twenty-year coupon oonds OF
the New York Air Brake Company and S,fl5,5o
first mortgage per cent sinking fund coupon poi1s
Of rhe Pocshontas Consolidated Collieries Company
. PACIFIC TELEPHONE BONDS-The price Of
Pacific Telephone bonds has advanced at Boston
70 ssxa97. compared with subscription pr P1l6e &c % o
ssh Of the entire s16050oe0 issue about S''JlgOo Oh
the bonds was taken by New England investors
- TRANSFERRED FROM UNLISTED DEPAitI-
MENT.-The Sl00e9lo0o capital stock OF me ->e"
York Air Brake Company and the SR,0oHo com
mon ana 100000 preferred stock OF the DutuIn' I'm
South Shore & Atlantic Railway Company have
been transferred from the unlisted department OF
the Stock Exchange 10 the regular list
AMERICAN ICE MORTGAGE-The American
Tce Company has fled with the register Of West
chester County q mortgage TO the Knickerbocker
Trust Company 20 secure SJOoo00o per cent hrst
general mortgage gold bonds Of 1914
April. DISBURsEMENTs.- s.-Interest and divi-
dend disbursements for April are estimated at more
thar S151GJ0,006 large Increase over the sai5 ne
month in preceding years. Interest payments VIII
aggregate $50 ess 81 and dividends S9o4so.4s4
TO CLOSE On GOOD FRIDAY.-The governing
Committee of the Stock Exchange has decided 10
close The exchange on Good Friday and the fol-
lowing day. April and To-
COPPER TRADE CONDITIONs.-The National
Conduit and Cable Company has issued the follow
inF statement regarding the copper market: Ihe
market for copper has been passing through
Period Of weakness and depression for several
weeks and prices have been borne down by the
weight Of overproduction. Consumption is unable
70 catch ur with output and the latter has reached
q level which presents insupera bic obstacle 70
the Immediate regaining Of market strength Under
the pressure Of this rapidly increasing surplus an
hone ~ h,oz-an ncv has been squeezed out Of the
market and prices have been forced down 10 LAC
l2-5c for electrolvtic wire bars It is quite eNi-
dent that we are face TO face with serious copper
situation as the producers statement clearly
shows. Il is furthermore equally apparent ula'
the market must get rid Of the enormous accu-
mutation existing this country and Europe before
o healthy state Of affairs possibly prevail Cop
Per at the selling rates going would be cheap
ward OF l73 ge1 900 pounds did not exist But when
X Is remembered that the United States stocks in
creased more than million pounds a day every
single day last month the veriest tyro can # is
impossible for the market 10 carry such a load
without feeling the heavy strain 10 an acute de-
gree