New-York tribune., 1906-12-21
u. 100 Total sales
TOPICS OF THE STREET.

IOSlCS OE IEE SIREEI.
FOREIGN TRADING-Foreign houses dealt in
1900 shares II tho !ocI market everly divided In
London consols wera steady and the general mar
kat exhibited little feature Of interest The Bank
% Ecs!acds return indicated extreme low water
mark for this period OF tho year. the percentage OF
reserve to liability declining more than per cent
There was. however. change IN the minimum
-1te % discount from the per cent level Con
Lne-.al discounts were firm.
DIVIDENDS DECLAREO-|he Reading Trac-
tto2 Company has declared the regular quarterly
dividend OF ~ per cent, payable January : The
REGULAR quarterly dividend Of ~ pe- cc=t. pay
able January :. The Washington Trust Company
has declared tie regular quarterly dividend OF
Pc cert 2~d 21 extra dividend OF Fer cent. pay
able January , Tho Morton Trust Company has
declared the regular quarterly dividend Of Per
cent, payable December g. TIE Chemical Bank
has declared = regular bi--2o-taIy dividend Of ;
re- cent payable January , The Bowling Green
Trust Company has declared the regular senior
nUaI dividend of 10 per cent, payable January Is
The Cumberland Valley Railroad has declared the
regular quarterly dividend OF ? per cent all
classes Of stock- The Consolidated Traction Com
pary. OF New Jersey. has declared the regular
quarterly dividend Of 2 per cent, payable January
Is The New York Trust Company has declared
q quarterly dividend Of per cent, payable Dece2n-
te- g. This is an increase n the annual rate 20
g pe- cent The United States Finishing Company
has declared the regular quarterly dividend Of 13a
PEI cent on the preferred stock. payabls January
The Missouri Pacific has declared the regular semi
annual dividend OF ~ per cent payable January
d The Liberty National Bank has declared
quarterly dividend Of per cent. an increase OF !
per cent The Fulton Trust Company has de-
cIa-ed the regular serni-annUaI dividend OF per
cent and an extra dividend OF per cent payable
January , The Seaboard National Bank Eas de-
cIared the regular serni-annual dividend Of per
cent payable January 2 The Tennessee Coal and
Iron Company has declared the regular quarterly
didivend OF I per cent or the common and per
cent on the preferred. The Merchants National
Bank has declared the regular secni-acnual divi-
6end OF 3le per cent The Mexican Telegraph Com
pany has declared the regular quarterly dividend
Of 2IA per cent. payable January Is The Peoples
Bank has declared the regular serni-annual dtv1-
dend OF per cent and an extra dividend OF per
cent, payable january . The Central ard South
American Telegraph Company has declared the
regular quarterly dividend OF II per cent payable
January 8 The American Chicle Company has de-
cIared the regular quarterly dividend OF IL per
cent on the preferred stock. payable January ,
and monthly dividend Of per cent or the com
mon; also an extra dividend OF I per cent the
common.
STEEL AND IRON CONGEsTIoN-It IS esti-
mated that more prospective steel business has been
refused within the last two weeks than has been
booked Consumers are clamoring for steel for de-
livery within reasonable periods, but the mills
forced refuse additional orders Of the
congesed condition of their works Blast furnaces
cannot take any business TO speak OF for delivery
o.
delivery IN the half next year Is being sold
at SIS 50 to S19 Birmingham The shortage has
only served asgravate the situation Some OF the
railroads IN the South have placed embargo on
freight destined for Northern points
WABASH EBENTURES-Interests closely
identified with the Wabash Railroad Company say
that there is no reason why minority holders OF
the cornpany's debenture B bonds should have sx-
pected that they would receive the full per cent
TO which the issue IS entitled in they did not
rYv7da tbA Ara7 CiaI MIA hyrI
which they are offered new per cent bond and
a certain amount OF preferred and common stock |
It has been understood all along that the per |
cent interest the new bonds would be equiva- |
lent to only 2s per cent the Bs- This Is all |
that holders who do not deposit their bonds |
oan expect receive in the way OF interest II IS
understood that about 50 per cent OF the bonds |
have been deposited far. and inside interests |
are apparently confident that the requisite So per
cent to make the plan effective will be deposited.
THE COPPER MARIETTA BID Of 2S1a cents |
for 100000 pounds OF lake copper was turned |
down yesterday. Aside from this there are In |
ouiries made known within the last two days for
several million pounds more Of the grade. |
consumers willing pay 2312 cents, but this want
has not yet been satisfied Twenty-four cents Is |
now stated 70 be the market price for lake copper,
with the probability OF 20 cents within very i
short space OF time Sales OF electroytc have been
made into July. but the announcement OF this con-
tract for delivery the last half Of next wear
Is not likely to be followed by other producers and
sellers. VINO al tne moment are even more |
than usual
SUB-TREASURYS LARGE DEBIT BAI.ANrCE7
The local Sub-Treasury was a debtor ar .ba
Clearing House A-O7sSS6. the balance being due IN
great part 20 large pension payments and Jynite4
States deposits. II Is reported from Washington
that practically all the money put in depositary
banks and money paid for government bonds ts
being sent 20 New York. So far 81 Sa0O bonds
have been presented for redemption
ANTICIPATING INTEREST-Ths CHICAGO MI
~aukee & St Paul viii pay coupons due January
UPON presentation on and after December Is TIA
C21caSo & Northwestern VIII mail checks on De-
csH9oe- = Eor dividends due January
CAAS9 NATIONAL BANK DIVIDEND,
consequence OF the increase IN the capital OF the
CHase National Bank on December u the regular
'es--annuaI dividend OF 10 Per cent was made pay
aole THIS year on that date. as the dividend "a an
'1caole TO the old capital only
F]EGC LAR LOUISVILLE & NASHVILLE NV /
directors OF the Louisville & Nash |
Y--'e nave declared the regular serli-annual dtvi
lend OF per cent. payable February Il. In Wall |
street circles II was thought that the stock wouls
DC raised TO a per cent basis and following tn |
announcement OF the regular rate the issue de- |
,!ired points
FIG IRON CERTIFICATES iron >a~.,a
2tes AZ the New York Produce EXCHANGE v-e~t An,
md unchanged az go bid for cash and Deca-,ho- (
egriar and az $22 5Oa$e5 for January. Februav,,
Ahu MaFeh new standard foundry. Following tha