New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-03-15
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses
were NOT active factors in the local stock
market, dea ling in less than 1000 shares,
about evenly divided between sales and
purchases.
STANDARD OIL DIVIDENDS. - The
Standard Oh Company mailed it's stock
holders last night checks aggregating
total of Slo.o0o,e0@, representing the dvi-
dend declared for the first quarter OF the
Rockefeller viii receive in the neighbor-
hood of $4.5oo,0o0. IT is estimated that since
January. 1902, the STANDARD OIL Company
has shown profits OF approximately S594.
cocoa In that time it has paid in .divi-
dends SSl8,594.eeo 1t appears quite probable
that when the company is free from liti-
cation the shareholders will receive larger
dividends.
COPPER MARKET. Sales Of copper
were reported as low as 1872 cents pound
yesterday, but the large producers and sell
ing agencies made no concessions from 1873
cents; The belief is general that The Cop
win be much more favorable than that for,
February. The copper trade holds that
March production Will show heavy falling
shrinkage in January and February was
reflected in last months figures.
SOUTHERN IRON CAPITAL. 49, The
stockholders Of the Southern Iron and steel
Company at a special meeting in jersey
CITY yesterday authorized an increase of
a,00o,0Q0 in the preferred stock, the right
TO subscribe TO which will be divided pro
rata among the holders of the present
S7.ca1.o00 preferred and 100000 common.
The stockholders also approved an issue of
$4,000 3 per cent fve-year convertible
gold debenturos. which viii be offered 10
stockholders at 90, with the right to con
vert into preferred stock a 20 at any time
within five years.
RAILROAD EARNINGS IMPROVE
Railroad earnings received yesterday for
the first week fl March show for fourteen
companies total increase of $455, III, and
Tor TWO companies "A decrease of $40. 4S9 COM
parison being made with the same time a
year ago. The heaviest gains were reported
by the Louisville & Nashville and the
Southern Railway.
BESSEMER e. LAKE ERIE.-The Bes-
semer & Lake Erie Railroad reports for the
year ended Decembe Der 81. 1853, gross earn
lngs of S7112,S2S against S. 24Q a5l in the pre-
cedinS year. and net earnings of s. 299 0S7,
against S2,054 6,56 in 1908. There was a reduc-
ton of more than 8 per cent in the operat-
ing ratio from 1908. Freight tonnage in
creased II per cent
DIVIDEND. INCREASED The direc-
tors of the Royal Baking Powder COMPANY
nave declared regular dividend of | II
per cent on the preferred stock and a
common. the latter being an increase of IA
OF ! per cent over the last preceding paw
ment- Both dividends are payable March 81
STEEL RAIL ORDERS-Buyins of
steel rails by the steam railroads and the
traction companies shows a noteworthy
increase. and il Is estimated that SO far
in the current month close to 300. 600 tons
nave been sold, chiefly to Southern and
Western roads
COFFEE EXCHANGE HOLIDAY
GOOD Friday, March IS, and on Saturday,
March %.
GREEN BAY K WESTERN.-At the an
nUal meeting of the Green Bay e Western
Railroad Company c; c. Cox was elected
director TO succeed the late &. ". Cox
ttGET directors reelected