New-York tribune., 1907-06-06
TOPICS OF THE STREET.

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Guiding the Hartman shares United States stsa,
and Atchlson The London market was nsrror~
and arbitrage business light In London m.
general market dull and consoIs were a shaaa
hrmer- Money was in fair demand abroad ana
cable dispatches reported that It would continue a.
until the demand from Paris for gold ceased
There material change in money rates IN .
the foreign financial centres.
DIVIDENDS DECLARED-The American To.
baccO Company has declared the regular quarterly
dividend of 1ls per cent its preferred stock nav
able July l. The Atchison. Topeka s. Santa "a
Railway Company has declared the usual SENT
annual dividend Of 21z per cent on its preferred
stock. payable August l. The Consolidated Na
tional Bank OF New York has declared a semi-an-
nual dividend OF per cent payable July !. Ths
directors Of James r. Dunham & Co. have d.
clared the regular quarterly dividends Of ia oA-
cent on its first preferred and Of Ia on its second
preferred stocks. payable July / The Esperanza
Mining Company. Limited. has declared a quar-.
terly dividend Of 5s Cd. payable July IS Tn,
Interborough Rapid Transit Company has declared
the usual quarterly dividend OF Pa per on tn
stock payable July / The Maryland Coal Com
pany has declared the usual semi-annuaI dividend
Of 2la per cent and extra dividend OF IA per
cent on its preferred stock. payable June a
Books close Juno Il and reopen July 1. The Union
Bag and Paper Company has declared the regular
quarterly dividend of 1 per cent. payable July la
Books close June 20 and reopen July Is.
SHELTERS DIVIDEND ADVANCED.-The d.
rectors Of the American Smelling and Refining
Company have declared quarterly dividend OF 2
per cent on the common stock, raising the rate
from : to S per basis. The regular quarterly
dividend of ia on the preferred also has been de-
Clared. payable July l. The common is payable
July Is. After the directors meeting Daniel Gus-
genheim. the president of the company said II was
the desire of the directors that the stockholders
should share in the prosperity of the company, and
that in increasing the rate the common they be-
Ieved they had followed a conservative policy. Re-
cent Street talk intimated the rate would be in
creased to 10 per cent level
CUBA SUGAR GRINDING OVER--Grinding Of
sugar cane in Cuba for this campaign has practi-
caIIy ceased as only seven centrals were grinding
according TO the cabled reports just at hand.
week ago ten centrals were grinding, and a year
ago sixty-eight at work. and two years ago
seventeen were in commission. At the six principal
ports of Cuba receipts for the week 70t0 TONS
compared with 1900 last week and 1900 last year.
Exports for the week amounted 70 $500 tons. con-
trasted with IS 500 last week and $3.50 year ago.
The stock the ports is $4,000 tons against 3sgO9
last week and 292.OoO last year.
BUTTE COALITION REPORT-The Butte CoaIi-
tlon Mining Company reports for the year ended
December 81 last: Dividends received. $4,000: in
terest. $1H.u4: total income. Sl.o2L14 dsburse-
t241 profit S1.ooo,5s3; dividends sso8000;
surplus S2CO593. The balance sheet OF Deceul-
Der 81 shows: Assets-StocNs OF other companies.
81 000 go: loans and cash in bank. &1690S2; in
terest accrued and unpaid 500 4s6; Office furniture
and fixtures. S2o45; total. S15.O0593. Liabilities
Capital stock, N5,0O0,o00; surplus 500 593 total
SIS 200 593
GREENE-CANANEA TO START DIVIDENDS
Dividends will be started the $50 900 600 capital
stock of the Greene-Cananea Copper Company
which is a consolidation of the Greene Consolidated
Copper Company and the Cananea Central Copper
Company. by August l OF this year About 90 Per
cent Of Greene Consolidated Copper and Cananea
Central stocks has been exchanged for the securi-
ties Of the consolidated company The rate ot
dividend has not yet been determined.
KANAWHA & MICHIGAN BOND PLANTS
approval Of the refunding plan by the stockholders
of the Kanawha & Michigan at the annual meeting
on Tuesday had been practically assured in ad-
vance. The minority stockholders committee. rep
resenting practically all the minority stock. had
agreed the plan. which viii enable the company
TO begin the payment Of dividends on the stock on
August 1 at the latest. The present intention is
TO begin dividends at the rate OF Per cent semi
annually
NO LET-CP IN IRON ORDERS-One Of ths
largest manufacturers Of pig iron in the United
States said on Tuesday: III a general let-up in
business is at hand I fail see any sign Of IT in
my line We have been taking orders right along
until now We completely sold up until the end
of the first quarter OF year. And not a single
ton has been sold for less than one dollar under
our price for immediate delivery
SECURITIES LISTED.-The following securities
have been added TO the Stock Exchange list:
United States Cast Iron Pipe. S2,I0630O per cent
preferred stock and S1219s.So common stock;
SO e0.CI0 first mortgage So per cent guaranteed
coupon bonds of the Washington Terminal Com
pany, and &l-S7S.I09 stock OF the present merged
New York. New Haven * Hartford in place OF
the same amount OF stock of the old company and
add prior January l. 1905 $SOOOO00O additional
stock
UNITED STATES STEEIA-OflciaI announce
ment is made that the business OF the United
States Steel Corporation in the month Of Nav ran
800 tons day ahead Of the corresponding month
Of last year. In other words. about 75OOO mors
tons OF business was received in May. 1se.
than IN May. 1896. An officer OF the United states
Steel Corporation said: Business is remarkably
good. specifications are heavy and conditions IN
general are most gratifying"
FOREIGNERS BUYING RAILWAY EQUIP
MENT SHARES.-An interesting development Of
the forenoon trading was buying orders in Amer
lean Car and Foundry and American Locomotive
for the account OF Amsterdam Amsterdam az
various times in the past has exhibited considers
bic interest in American Industrial securities
RUTLAND STOCK DECLINE.-The upststs
selling Of old investment holdings can bs under
stood when the days movement IN Rutland pre-
ferred. which was one OF the Seward Webb ac-
qusitions. is considered In December Rutland pre-
ferred sold at As. with quotation OF A. bid. 8
asked During the day one hundred shares changed
hands at 25 and one hundred more at 27 being ths
first transactions recorded since December
MITCHELL MINING COMPANY.-Ths Artchsl
Mining Company has moved from No 81 Wall street
Trust Company of America