New-York tribune., 1906-06-22


tors OF the New England Gas and Coks c'Ns- ufs-
have declared initial dividend Of ~ a.. 0Dany
the S7,90.0o0 stock Of the company nf-...' q
the De Long Hook and Eye Company bay. - q
the regular quarterly dividend OF 2is na- -. 'a'et
able on July 70 stockholders OF record = pag.
The trustees Of the Massachusetts Ga. c,.
have declared an initial dividend OF Hpaay
tne common stock The Pttsourz Plata c.
Company directors have declared the rse,,,.- o~a
terly dividend Of IL per cent. payable n, tla'
The directors OF the Proctor &. Gambia -
nave declared the regular quarterly di,t4os
per cent on the preferred stock payahla - ~
stock OF record June 30. The trustees Of -.
ton and Worcester Electric Company have 1o.,-
a regular semi-annual dividend OF 81 a sb 4assd
preferred stock. payable July 3 20 stockbols1- -as
record at close sf business June 25. Tba - s-
Of the Fulton Trust Company hava da.,.-ses 'ses
regular semt-annual dividend OF 8 per 60. - tas
July ?, 70 stockholders OF record Ju,a a. 'aos
board Of directors OF the Seaboard Nat,,-~, Ihs
has declared the regular semi-annual divfae-s aa<
per cent payable July 2 The board OF -.
OF the United Fruit Company has dscia.- - -
regular serni-annual dividend q % per -, %. -
able July 2. Bell Telephone Company. ~ s ps.Ig sg'
phia directors have declared the reglla- oa--
dividend OF IL per cent payable July IA ~~S
rectors Of the Louisville & NashviIs have - u
the regular semi-annUal dividend OF ne
payable August 10. nt
HOOKING VALLEY--The S7.27O.OOO csr,,....
Issued three years ago by J. P. Norp,r a es rs
payment for the pooled stock Of the Hooking W. %
Railroad mature on the 28th inst. and wrI s 80
lor some KIND OF refunding OF extension. r.
certificates are really the obligations of e,. -
lines running through the territory % +ba r5H -1H
Valley. but the railroads have left the r,o,,-s
tirely in the hands of the bankers "A A,-ia-.-. %
this. the directors of the Baltimore q ObIo y
Wednesdays meeting. did not have the rna.,,r - =
fore them The burden OF these Certificates -.
widely distributed that all Of the controIl,ng -
eould pay tnelr respective shares out OF c,rr.-.
earnings or other funds in hand without faA,- =
strain For Instance. the Baltimore = Obio -, 20
Will finish the fiscal year with a s1Irnlus - -
S9'ooO,OOO over the common dividends "a obl,,
10 the extent OF only S1.211 900 On its bols,1, !.
Hooking Valley The Panhandle ovvrs a - =
sixths interest and the Chesapeake & Ohio -,
Shore and Erie one-stxth interest each.
CANADIAN PACIFTC.-According 70 q, .~
OF the canadian Pacific, the company will bsva
nrhcFed new locomotives in the West before -
next crop begins 10 move ana soma .vzo .h
more box cars. 70 say nothing Of large addition. -
the STOCK cars and the new convertible carsL 80
feature this year will be that the redlctfor % -
clients Will greatly Increase the capaeffv ~ a.
rollirs stock IN the handling Of the freigb. -,
rnitting the OF larger and heavier trains 1t.s
the same fuel expenditure. BY the end OF tba ,-.
ent season the grade from Winnipeg 10 1radt,f,a
Hat viii be reduced four-tenths and as the furrbsr
section to the foothills Of the Rockies has bes, Va
duced, the main line all through the prairtas will h.
fully leveIed. baIlasted from end TO end and Isf5
with standard eighty-poUnd rails. Where loeoro-
tive formerly hauled 500 tons OF freight n viii
under the cQlditions be able to haul 500 TONS
NEAR GOLD IMPORT POINT-with demand
sterling quoted AT 4s5.10 TO 4@l5. the marker is
close to the gold import point, without assistance
from the Treasury. On September q 1896 Lazard
Freres engaged for import az London 2a00 4,
gold. Demand sterling at that time was quoted at
4S495 10 4s5 But bar gold in London was then
quoted at rs 94d, whereas the price OF bar geld
now IS rs. 81. The decline OF One-fourth OF a
penny is equal 70 about Is points. that there q
very little difference between the present rate rela-
tive TO the present London price OF gold, and the
rate Of demand sterling in 1875, when the gold
engaged Of 4S495 TO 4s5. relative 10 the price Of
bar gold in London at that time.
ST. PAULS PLANS-The regular weekly meet
ing OF the executive COMMITTEES OF the Chicago
Milwaukee & ST. Paul Railway Company was not
held yesterday. according TO the usual custom. Al
the Offices OF the company it was stated that there
was particular business TO come before the com
mittee this week and as a consequence it did 10,
assemble. The long expected announcement in re
gard TO the st. Pauls financial plans. il is nov
stated in quarters we'll informed on the Companys
yet and may possibly be delayed for a longer time
1t was reported IN well informed circles yesterdag
that an important American railroad. presumaby
the st. Paul, was negotiating with the CrstE
Lyonnais Of Paris. for a loan OF between S0Ga0a
and S5OO0O.GO0
PRICE CURRENT on CROPS-"The Prlcs
Current says: Indications point TO good qualify
OF winter wheat. The quantity is up TO earlier ex
pectatiOns. Harvesting will be general the next
two weeks. The shortage of the oats crop is con-
hrmed- Corn IS irregular in growth. with Iats
start"
NEW STOCK EXCHANGE MENBERs-GeOrgs
have been elected members OF the New York Stock
Exchange.
APPLICATION TO LIST-AppIication has been
made TO list S3.O29700 additional guaranteed special
stock OF the P1ttsburg, Fort Wayne & Chicago
Railway Company on the New York Stock Ex-
change.
TRANSFERS FROM SAN FRANCIsco-san
Francisco banks transferred yesterday to New
York through tAa Sub-Treasury S4O00 Since the
cisco there has been received at this centre uins
more than S2O000Oo0. compared with upward OF
Sl20O0.O0O which was sent 10 the stricken city TO-
lowing the earthquake.
PIG IRON CERTIFICATES-Pis iron certificates
at the New York Produce Exchange were duh, VIII
prices about steady. There were 10 sales n
warrants there were sales Of 200 tons OF Alabama
foundry cash az SIS p and 800 tons of Ala5an2 n"
soft cash at SIS %