New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-02
WALL STREET AND EXCHANGES.

OUTSIDE SECURITIES-Narket dull and
steady Standard oil closed at 43a184+l.
against 440a441 on Thursday. Last prices OF
other prominent issues were: Brooklyn Elevated
stock when issued. 25Q26. preferred. 58a6O
Brooklyn City Railroad. 2l112l3; Glucose. COM
mon 4SG Q4S4 preferred. 102A@l03I.; Stand
ard Gas common. 1881 40: preferred. 1929 l31,
Mutual Gas, 33Od345. Amsterdam Gas com
mon 31xg3lx: preferred. 75g73x
DIVIDENDS DECLARED Tho Bank for
Savings at No $50 Fourth-ave will pay in
terest for the SIX months ending Juno 80. az tho
rate OF per cent per annum on sums Of 81 to
81 600 The Excelsior Savings Bank will pay
interest at the rate Of 3ia per cent per annum
on sums OF IS to 5000 The Harlem Savings
Bank will pay the usual semi annual dividend
at the rate Of per cent per annum on sums OF
SIS 10 So 900. and after July IL. The Brook
lyn Warehouse and Storage Company Will pay
to-day out OF its surplus earnings It's regular
semi -annual dividend Of per cent The bust
ness OF the Warehouse company is steadily in
creaslng. and will soon compel again further
increase OF its storage capacity.
JULY INTEREST PAYMENTS interest and
dividend disbursements due July ]. as complied
by The Daily Stakeholder" are as follows: on
bonds having a par value Of 50 s37 400 l6S. the
amount Of such interest aggregatinB 500 02 623
as compared with S55 O81. 90S last year SOL
500. Ss3 In 1898 and S5O474 1872 the year previ-
GUS Dividends have been declared or are paya-
bic during the month on stocks whose par value
Ia S1.216. OI3. $50. the amount Of such dividends
being SZ7. $50 15S as compared with S23WO.So3
last year. S2O.G4S. 1873 in 1893. and $l0,9O2 S18
in 1898 The total amount OF dividends IL
sS4. S22. 1871. against S7S loo 500 in 1891 ST.
A. o. In In
terest Is due on United States Government bonds
bined with the varied payments bank. in
surancc and Industrial stocks. will bring the
total up TO nearly $ll00cO.WN
SECURITIES LISTED.-Thc Committee
Stock List by authority Of the Governing Com
rnittee has listed Illinois Cet,rdl - $4,000 St
Louis Division and Terminal s),d coupon per
cent and SG321 800 ~ per cent bonds Of the
same division and S14 go 900 Louisville Di-
vision and Terminal mortgage :;ts per cent gold
coupon bonds.
GENERAL. ELECTRIC PLANS-The d.
rectors OF the General Electric Company. at a
meeting yesterday, voted TO recommend to the
stockholders a reduction in the share capital Of
the COMPANY both common and preferred. OF 40
per cent 90 that each holder OF a hundred shares
OF present stock Will get sixty shares Of the rev
stock This settlement, while satisfac tory 10 the
common stockholders. In regarded as particu-
larry favorable to the preferred shareho!ders
inasnuch AZ II will render unnecessary the TAX
ing Of my steps for the liquidation Of the COM
pany in which event the preferred stockhold-
ers would receive only the same amount as the
common stockholders. and no back dividends.
The plan now adopted cOntemplates the pay
ment from the surplus earnings or the com
pany az they are hereafter made Of the
crued dividends on the preferred stock. on the
basis of the new capitalization S1.215,0W will
be required annually To pay Z per cent upon
the preferred stock and per cent upon the
common stock.