New-York tribune., 1906-06-14
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreign houses dealt in
10000 shares in the local market selling on bsl-
ance. In London, eonsols were weak and foreign
bonds were heavy. The weakness in consoIs was
due to the long expected issue of 600 Irish land
loan. The yield this issue Is more attractty,
than consols. and consequence there has
been considerable selling OF consols and renyest-
ment In the land loan Discount rates in the for
eign capitals showed material change.
DIVIDENDS Observation-Disclosures of the New
York. Honduras and Rosario Mining Company have
declared the regular I per cent monthly dividend
PAYABLE June o. Directors OF the Garvtn Machine
Company have declared the usual semi-annual dfvt-
dend of sla per cent. payable July . The board OF
directors of the Metropolitan Surety Company has
declared dividend of 2 per cent payable July 10
stockholders of record June 20. The American Iron
and Steel Company has declared a dividend OF Il.
per cent on the preferred stock and per cent on
the common stock. both payable July q The d.
rectors OF the Union Ferry Company have declared
the regular quarterly dividend Of one-haIf OF per
cent. payable July 3 The directors of the Wash
ington Power Company have declared the regular
quarter dividend OF IA pSr cent. payable July 10
holders of record June 20. The board OF trustees OF
the Equitable Trust Company have declared a quar-
terly dividend OF per cent. payable June so This
dividend is at the OF per cent a wear and is
an increase of per cent the dividends hereto
fore declared. Canada Southern's directors have
declared the regular Ia per cent seri-annual divi-
dend payable August 1 to stockholders of record
June 80 The directors of the American T>vpe
Founders Company have declared the regular quar-
terly dividend OF ia the preferred stock
and per the common PAYABLE July ls
The board of trustees of the Van Norden Trust
Company has declared the regular quarterly diyt-
dend of per cent. payable to stockholders OF rec
ord June 30
GRAND TRUNK PACIFIC.-The s15O0OOoO OF
new debenture stock of the Grand Trunk Pacific
which will be authorized at the special meeting or
the company June H. will be offered In Paris and
London The new issue will bear per cent inter
est and Will rank as charge the line under
construction west of Winnipeg as well as the Lake
Superior branch. It's lien will be Junior 10 those
OF the first and second MORTGAGE bonds which
amount In all to SS5S73O10 The additional lines of
the western section will be financed by the Branch
Lines Company. by means of an issue OF bonds
guaranteed by the Grand Trunk Pacific The
Canadian Parliament has before II Mt Dresept
bill which proposes to authorize the construction
by the Grand Trunk Pacific OF 4so0 miles of branch
lines.
DOMINION COPPER TO ISSUE STOCKS AND
BoNDS.-The Dominion Copper Company. Limited
announces that IL will issue $4,000 OF the COM
panys first mortgage per cent ten-year gold bonds
and 2S 900 shares OF stock. par value $40 each The
bonds will be the balance In the treasury OF
the authorized issue OF a.OOo.OO0. Subscription
rights reserved exclusively to shareholders OF
record on June q.
BOWLING GREEN TRUST DECREASES CAP
ITAL.-The stockholders of the Bowling Green
Trust Company. at a special meeting unanimously
voted TO reduce the capital stock of the company
from S,5o0.ooo to 81 100000. The reduction will be
accomplished by the payment the stockholders
pro rata OF their holdings per cent OF the mar
value of their stock. and by the issue of the new
stock at 40 per cent OF the value. The surplus
OF the company IL s2.5o000o.
MOVEMENT OF MoNEY.-The loss OF slssa 900
by the banks to tho Sub-Treasury on Tuesday WINS
caused by the deposit by banks with the sub
Treasury OF u.75o0oo for TO San Francisco
for tho credit OF tho treasurer of the Philippino
1sAAndA rhss item wNs Offset tn part by q transfer