New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-07-08

they were year ago, and II is understood fra, a.,
the company's fiscal year. which ends in Aur,,s,
earnings will approximate more than per Con-,
on the common stock
LOUISVILLE AND NASHvTLLE.-Iou,.vs,,
and Nashville directors will meet on Monaav .,
take action the dividend for the last half OF III
fiscal year. Statements recently made in this col
umn that the chances favored a per cent rat.
with the possibility Of an extra dividend OF !, o.;
per cent, are likely to be confirmed
SILVER EXPORTS Exports Of silver .oa.
Will amount to 10000 ounces.
ONTARIO AND WESTERN EARNINGS On
tario and Western for the last week in June n.
ports gain in gross earnings over the same WEE,
last year Of s5,s29; for the month a gain Of S1Ea
and for the fiscal year. gain OF Al26l0
FOREIGN TRADING.-Operations for the fore,v,
account amounted TO 5000 shares. OF which l51o
shares represented purchases The demand fo-
New-York Central and Chesa peake and Ohio wa.
good
THE AGREEMENT OPERATTvE.-The Central
Trust Company Of New-York and the State Trust
Company have issued a notice 10 the Stockholders
OF the American Spirits Manufacturing Company
the Kentucky Distilleries and Warehouse Company
the Spirits Distributing Company and the Standard
Distilling and Distributing Company. that tho
agreement. dated June q. 1890 under the terms q,
which majority Of the stocks Of the companies
named have been deposited. is declared binding
operative and effective The organizers have agreed
holders deposit their holdings 70 extend the tim.
for deposit OF stock until July 20. 1889.
REMOVED THEIR OFFICES. -Oelrichs a. Co.
removed their offices to No Broadway Bowling
Green Building, whore they will occupy tho whole
floor extending from Broadway to Greenw a.,
Their removal is caused by the appropriation II
their building for the new Custom House ard they
leave their old Offices. No. Bowling Green after
having occupied them for period Of over twenty.
seven years.
NEW BANK DIRECTOR-At a meeting o, ~.
Board of Directors of the Mechanics nd
elected director in place Of f. A. Quintard wSs
was formerly president of the Citizens savings
Bank
DIVIDEND DECLARED.-The Board Of plrec.
New-York at Nos 81 and 80 Ii6erty-st and So o.
Az and IS Maiden Lane yesterday declared dlyi
per cent. payable at the company's onices on Au
gust l. The transfer books will be closed on Sat
urday, July Is, and reopened on Wednesday Ai-
gust q
UNITED STATES RUBBER.-The Executive
Committee OF the United States Rubber COMPANY
in declaring dividends have issued the following
statement: THE committee are unanimous In their
mon stock should be placed on permanent dIy-
dend basis. They feel that II has been conservative
standing the earnings for some time past would
have warranted dividends upon the common stock
policy Of the company to apply considerable por-
ton OF It's surplus earnings TO the liberal charging
which it will not be called upon TO do in the
future. After thus charging off, the last annual
OF the United States Rubber Company, and Of
81, 4ss in treasures OF the sub-companieS
and also special fund OF $685.. 40s 10 not carried
into last years statement, making total surplus
as Of April l. 1899 OF 50 So. 2S6 a. The business Of
the present fiscal year opens most promising. The
sales from April to June a. 1899. being s. 26s 1886 81
as against a. 76 46 80 for the period last year.
which-prices being satsfactory-woud indicate 4
large increase of profit over last year, especially
when It is considered the economy that results
from the running OF our factories to their full
capacity instead Of upon half or three-quartE
production. For these reasons, your Executive
Committee fee that the time has now arrived when
Il Is safe 10 commence dividends upon the common
stock, and that the rate proposed to begin with u
conservative"