New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-07-12
TOPICS OF THE STREET.

FOREIGN TRADING.-FS reign houses
dealt in only a few hundred shares IN the
local stock market, sales and purchases
being about evenly divided
PIG IRON CONDITIONS.-Ther has
been little Improvement in pig iron con-
ditions within the last few days. Sales
aggregating more than 5000 tons have
been made in the Valley districts. Prizes
received. however were far below normal.
In the southern district some sales II small
lots were reported today, probably aegre-
eating grand total OF not IN re IMAM >."7
tons Quotations in this district or $40
ton are being freely made. put consumers
seem reluctant to enter the market for any
large tonnage even az this low ngurt. ON
the whole producers feel somewhat more
encouraged over the outlook and believe
with good cICps necessitating large pun
chases Of finished steel, fair demand VIII
be created for iron. The price OF Bufalo
iron at the furnace has been advanced -
cents a ton. the price now being S3 ~.
This action was taken after several confer
ences among producers i'm that district.
who asserted that the prevailing price of
sl3 was unprolljdb''.
LOW PRICE FOR BRITISH CONSOLS.
British consols closed at 7s@s yesterday,
influenced by realizing TO meet Hqullcu1n
elsewhere. and the uncertainties involved
in the situation I'm Eastern Europe and IN
Morocco. This is below the low point of
December T. 1910, when ConSol5 sold al 1si2
on the general election results In the old
per cent form consos sold as low as 1S3,
in 1877 time of serious unrest in England
and on the Continent. There was a panic
in October of that year when the bank
act was suspended and the bank rate was
advanced to per cent; while the famine
ton The previous low figure for IS was
recorded in 1881. when 7i34 was touched
The present quotation In consols Is about
equal on their 2i2 per cent interest to the
old s. AZ a. At the present rate the con-
soils yield 3.l9 per cent to the investor
from which. however. must be deducted
Is I'd in the pound income tax. and sur
tax Of Cd in the pound on amounts in ex-
cess of $4,000 Even with this reduction
the British government credit is now not
so good as that of the United States.
measured by the last issue of Panama IS.
WHEAT EXPORTS In the first week
OF the new commercial year the worlds
wheat exports were l0.4l6,000 bushels. \
feature OF the trade is the quantity OK.
ported by Russia. OF $500, 600 bushels. or
364 per cent of the total In the last
week Of last year ll520 900 bushels were
shipped out. compared with S,62i0O0 bush
els a year ago. Russia and the Danuhiar
countries are shipping largely OF corn
out of 5.i45.000 bushels shipped last
week Southeastern Europe sent sos 600
bushels. or S46 per cent OF the total
Progress Of harvest on the Mediterranean
shores, both in Northern Africa and in
Southern Europe. as well as In Asia Minor
will soon release considerable auantity
OF available wheat amounting 10 several
hundred million bushels. n goodlv pronor
ton OF which will go into export between
the present time and the close OF navira
ton on the Black Sea.
DIVIDENDS DECLARED - Dividerds
have been declared as follows. The TTnited
States Realty and Improvement Comnanv
regular quarterly IA per cent. pevahls
August J. the Binghamton Light UaaI
and Power Company. regular ouar,nrIv
IL per cent on the preferred and a. 81 !
per cent on the common. payable Juiv *
Kerr Lake Mining Company. duarteriv Ok
cents and - cents extra PAYABLE Senter,,
Der l6: the American District Teleprenh
Company Of New Jersey regular onaStarHI,
per cent payable July 2S. the IInitaS
States Realty and Improvement cop,na a.eu
regular quarterly ! y per cent. payahis
August l, the Nashville, Chattannosa 'ie
81 Louis. regular semi annual 2 per car *
payable August / the Atlantic Ssfo D
posit Company, regular emi-annuaI 80
cent, payable July Is. and the AVA, p PCT
Light and Traction Company re eg,Jan
quarterly y per cent on the nressn riai
21a per cent on the common and eytra co. co.
per cent on the common. all naSahtiss
August ]. '
PHILAD ELPHIA CITY LOAN -u.
Forbes & Co. were among the succasst,';
bidders for the Philadelphia city loan. Ssvi