New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-05-12
TOPICS OF THE STREET.

| FOREIGN TRADING.-TEfnsact Tons - -
foreign account in the local stock MAJ ul1s.
amounted TO upward Of 25,ooo shs,ss. 80 80
| reuorted in United States Steel and Roch
Island.
COPPER MARKET FJRM.-Ths copper
market is firm. with the nlted 49,
Selling Company. which handles DetNeen
500 900, 900 and 500, 100000 pounds a Sed5
refusing all offers below 10 cents a pou sa1
The demand for copper, on pasls OF -
cents for electrolytic, Is larger thal ~ 10
been in months. but products. in view OF
the stronger position of the InaIketl OF
holding out for Is cents pound. - q
result of negotiations between pIooutLe,s
and consumers. sales OF copper to a ~ u
dozen consumers, OF approximately !VV,VVy,
600 pounds, are likely to be made TINS Weeh.
This includes copper for three OF tfie IdISe
manufacturing companies and metal IgI To-,
export. 1t is believed the TRANSACTION WI,
be closed on a basis of Is cents poliiu
for eleCtTolyttc-
DIVIDENDS Declared Dividends
have been declared as follows; New foLH
State Railways initial III per cent on tlo
common and the regular quarterly - NJ p
cent on the preferred, payable July j, MO
hawk Valley initial IL per cent: payable
July 1: Borden's Condensed Milk COM
pany. regular quarterly IA per cent on
York, Philadelphia & Norfolk Railroad
regular mi-annual s per cent. payaole
May 81; General Asphalt Company regular
quarterly IA per cent. payable June y.
FL Rayo Mines Company regular quarterly
per cent, payable May 81; United Cigar
Manufacturers regular quarterly ~ per
Quaker Oats Company regular quarterly
per cent and Il OF l per cent extra on
the common. PAYABLE July 10. and the reg
PAYABLE August 81: National Biscuit Com
pany ~ per cent on the common payaDle
July Is: Adams Express Company regular
quarterly 50, payable June l.
RAY CONSOLIDATED--A special meet
ing of the stockholders Of the Ray con-
solidated Copper Company viii be neld on
May %. to vote on the proposltlon, OF oI i aoo
creasing the capital stock from Sl0.eoc"
to S2G000CO and to consider proposition
to offer an exchange of the increased STOCK
for shares of the ella Copper COMPANY
on the basis Of one share Of Ray Consot-
dated for three shares of the ella COM
pany.
KEYSTONE TELEPHONE-The Key
stone Telephone Company, OF Pnllaae ~. 10 20
against 91.o46 In the same month last year
and net earnings of s49,5S8, compared with
s45, TO in 1909. From July net earnings
show q gain of s16,9s9-
CASEIN COMPANY OF AMERICA
The Casein Company OF America report Is
for the year ended December g, l$9e n eC
profits of ss.e2o an increase OF so over eT
the company yesterday Herman Z. Fleicn-
man was elected director, succeeding +.
A. Richardson.
STANDARD SCREW COMPANY-The
wear ended March 81 surplus after charges
of $3.50 $50. an increase of So6.S78 over the
preceding year
sECTTRITIEs IISTED-The S. 3d. 500 s
per cent cumulative preferred stock and
1857, 300 common stock Of the Federal
Sugar Refining Company, which were IN
the unlisted department Of the New YORK
Stock Exchange up TO the abolition OF
that department on April L were yester-
day admitted TO the regular list OJneI
securities added to the list were; $500 $500
mortgage fiftv-year bonds of the Missouri
Pacific Railway Company. $1,000 add
cent bonds of the Minneapolis st. Paul &
Sault Ste Marie Railway Company, 81
5s4 600 additional first consolidated mort
gage ~ per cent bonds of the Hooking
VALLEY Railway Company. 100000 addi-
tional first and general mortgage thirty
year A. per cent bonds Of the New YORK
TeIephone Company, g, a5a. 800 capital stock
OF the Nevada Consolidated Copper Com
psnv, and 10000 Kentucky first mort
gage 5 per cent sinking fund bonds Of the
Consolidation Coal Company.