New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-07-26
TOPICS OF THE STREET


FORETGN TRADING-Foreign borsa.
fairly active buyers in the local market yests-5'
taking upward of 30,OG0 shares Most of Tho 80
ejcn buying was confined to the Hartman S+ tor-
but some of the foreign houses bought NIjsSo-s'
Kansas & Texas. They did not get caught ar-tss
I'm Southern Pacific in the same wav as -
Wednesday when the arbtrage houses were ~, -
prepared for the advance in that stock and vaTs
forced to cover short contracts at advancing 81
ures. and did not sell short on the early advanS.
in London. The general market in London w.
irregular, with business extremely restricted -
most OF the usually active stocks. The larger Ma.
of the trading was in Union and Southern Psris.--
Money in London showed a harder tendency az
discounts were sitter. Rates expected 70 y.
firm up TO the end Of the month
DIVIDENDS Observation-Disclosures have bss,
declared follows: Pressed Steel Car COMPANY
regular quarterly IL per cent the prefarrss
stock payable on August IS; Casein Company !.
America, regular quarterly per cent the pre-
ferred stock payable August 10; Detroir 80
Cleveland Steam Navigation Company. regulars
seni-annuaI Per cent The Amcskeag Mann
featuring Company declared a semi-annual 6Ivi
dend Of 10 per cent, as compared with per cene
six months ago and per cent one year ago; New,
York and Richmond Gas Company, regular semi
annual l per cent the capital stock. payab,
on August Z; National Railroad Company OF Ner
ico. semi-annual per cent on the preferred stocL
payable on August u. and American ShipbuiIdin.
Company regular quarterly l per cent and ia
customary annual extra dividend Of ? per cert
payable September >
GUAYAQUIL & QUITO RAILWAY COMPANv
SPECIAL MEETING.-The stockholders OF -
Guayaquil & Quito Railway Company. a speciaI
meeting yesterday. recommended 20 the bondhod-
ers the acceptance of the offer Of the Ecuador gov
eminent to apply the July interest amounting 4,
about $4,000 10 the construction and operation ~
the railway lines and properties in Ecuador. ina
bonds which are mainly held IN England are now
quoted around So The proposition was accepted by
the boudhOlders.
REPUBLIC IRON AND STEEL--It is estimated
that the net earnings OF the Republic Iron ana
Steel Company for the fiscal year ended June 20
will be in the ueIghborhood Of $iS5oo'o. which VIII
be by far the largest reported in any year sincs
the company was organized While no official ag-
ures have been given out 10 the earnings Il "A
known they have been on rising scale since TIA
beginning OF the last fiscal year and IT Is said in
well informed quarters that the above estimate o:
the net profits IS approximately correct Last year
the profits were S2,I3s06l-
HEISZE NOT INTERESTED IN DOLORES
AIINE.-Associates OF F. Augustus Heiuze said
Yesterday that Mr. Heinze had no interest whatsver
in the Dolores mine. in the Santa EulaUe distric:
Of Mexico. and that the reports which have been
circulated connecting his name with the properly
We're absolutely unfounded-
PIG IRON CERTIFICATES iron certificate,
at the New York Produce Exchange We're duh and
unchanged. There were no sales. Prices f0- stand.
ard foundry follow; October. November and De-
ceInber SO 80 asked.
WELLS FARGO & co. MEETING. The di-sc.
tors of Wells Fargo < Co held their regllas
monthly meeting yesterday. only routine business
was transacted. The annual meeting az the stock
holders viii be held IN this city Oh August
NEW STOCK EXCHANGE NElIBER-Ths
election OF Joseph e, Rogers. - Columbus. Ohio
as a member OF the New York Stock Exchange
was announced yesterday. Mr. Rogers purchased
Mcneil y. Martins seat. which sold n
Wednesday the Exchange for $3.50
BALTIMORE & OHIO EARNINGS-The state
ment OF earnings and expenses ~ the Baltimore
* Ohio Railroad for the month Of June. exclusive
OF the controlled and affiliated lines made pub
lie yesterday II shows gross earnings Of ),
compared wiki S5,5-2.S4 Tor t-= same month
last year The expenses We're Si.-4ls.t. increase
OF S52652J June 1896 leaving net earnings %
S2.i4S.2i5 compared with S255-55l Tor the sa-rs
time last year Increase OF 81 For fiscal
year ended June 80 the gross earnings from r-ato
an increase Of Ss5ls66- The expenses lC- TIE last
fiscal year. however. exceeded those az the pre-
cedinS year By S,2Si.S-p being StSS155 b. COM
pared with Sl95t5.21 for 1905 This left ce- earn
tngs Of S-,56S, So, as compared with S27s-5.ss5
year ago, q decrease OF $5-1.l-4- Adding other IT,
come, the gross income for the year the month
OF June being partly estimated vas approximately
taxes. etc, including $4,000 for miscellaneous
improvements. aggregated S-S35s 3s-. leaving ths
net income for the year S-1+--.S5+ from this
amount there were deducted cash dividends q
per cent on the preferred and 8 per cent on the
common stock. amounting altogether % SI-SlssS
leaving surplus for the fiscal year OF S5sE37R
The gross earnings from traffic for the entire svS-
SsS.552.925 an increase Of S614i215. Expenses Tor
the same period S59.GG-l-- an increase u
So,oSOleS, and the net earnings were 81 Sd go an
increase OF $s5+.e9S over the preceding year
BANKS GAIN CASH-The banks have satusf
S,S'u''' from the Sub-Treasurv since FRIDAY This
was regarded rather fortunate IN banking CIR
c-es. lrasmuch as New York Exchange a- chicago
= sun ruling at 81 cents discount TIE Su5-Treas-
rry was debtor al the Clearing House -es-srtay
So 81