New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-06-12
TOPICS OF THE STREET

TOPICS OF THE STREET
FOREIGN TRADING.-Foreign houses 5a.,.
5000 shares in the local market. evenly divided -
London consoIs were firm. but in the mintr- a "a
partment. especially in the copper shares nr,s
inclined 70 sell Off. Stocks as a rule did -
recover the cOntango or lending rate in the SER,
ment Money. however. was a trIfe easier 49,
at the last settlement. the suspension OF the p.t
demand for gold being a factor in bringing 49,
somewhat easier terms There was TO change =.
Importance in the Continental money and stoc~
markets.
MARKET GOSSIP-Fantastic rumors W.. 4,
circulation throughout the day regarding the cara-
OF the decline in stocks ranging from report 49,
war had been declared between the United So.
and Japan TO story that the Union Pacia, bo,5
holders had brought a suit 70 eujoin the plvrna,.
of the large dividend on the common stock H.
rrnan interests say that the 10 per cent rate VII,
continue to be paid and Secretary Taft SAYS tba-.
will be no war there is not much use in WORE
ing The rally that eliminated Monday reduces
the short interest and brought fresh buvt1
power 10 take the place OF that which had bas.
eliminated and stocks decIlEed in response 10 tec-
meal conditions than TO war runao-s ava
other sO-Cailed factors. The greater nurber -
issues yielded easily 10 bear pressure, and the trad
ing element sold in all parts Of the LIST. The Inv
ing which attracted the most attention in rha f,-.
in Union Pacific was by Cbisola & Por,b
Baruch Brothers and c. D. Barney & Co. Tra6ara
could easily guess at the origin Of these or5a-s
The fine hard Of James r. keene recently has taa,
noted in the buying of Union Pacific and it is sail
in well informed quarters that Morgan interaz-,
stn in the market fo- the stock Ar1algan,atsd
Copper Is being quietly absorbed 10y prominent Bao
PIE who are basng their purchases On the s,r,ry
technical position of the trade and probab,
of important reduction in the price Of The metal
The fact that copper exports are light YnersIv
shows that there is metal available for saiD.
ment.
DIVIDENDS DECLARED--Divi5euds have tes,
declared as follows: Cuban-Ame-ican Sugar Com
pany. 3D. per cent on the preferred stock paya5la
on July l. International Nickel regular lls per cens
on the preferred, payable on August /; Nineteenth
Ward Bank, regular quarterly % per cent. nav.
able on June %; Standard Coupler COMPANY semi
annual 2l2 per cent on the common. an ircraaza
OF y of l per cent, and the regular ser-.-ennuaI
per cent on the preferred payable June Z5 Pits
burg Metals Mining and Milling, quarterly > 7s-
cent; Northern Central. regular semt-a-raaI De,
cent payable on July 10, Nergentha-e- Li.otyDe
regular quarterly 2a per cent payable on June D.
National Lcortce, regular quarterly III Per cent
payable on June %: Virgtnia-Caro..ua Chemical
regular quarterly per cent on the preferred and
Otis Elevator, regular quarterly IL per cent
NEvADA-UTAH MINES AND sl1ELTEPs-,.
the special meeting OF the Nevada-Jtal Mines ar4
Smelters Corporation. held al Portland Ne Tia
stockholders unanimously ratified by 5000 shsrez
the purchase Of the Imperial Gold and C--1e- Mir
ing Company and the Manhattan Corner ana Cal,
&
facilities for both the Comet and Imperial mon
critics are secured The Imperial and 9rzz1a-rs,
properties have been fully examined and The a.
rectors believe the company has acquired mines
OF equal value 10 any they now own Wl-h ths
above acquisitions the company VIII t- r=-- win
over 100000 in cash in the treas--rr
sLoss-sHEFFIELD DIRECTORS, NETTING
The official statement Of earnings ana ey7e-szs
Of the SlOss-Shefleld Steel and lion -1aaagv for
the quarter ended May g. presented az yesterdays
meeting Of the directors. shows earnings from on
Grafton OF S16i2S, against the estimated figures %
Se2,t94 which were teIesraphed iron. Birmingham,
making the final surplus for the Quarter 90 ~
The regular dividend Of - per cent on the pre-
feTred stock for the current quarter Will be paid
on July President Nlben stated after vzs-z-zav's
meeting that the affairs Of the COMPANY were dis
cussed in a general way, and thar The extensive
improvement work now in progress received SPECIAL
attention. No important new work in addition 10
what IS already in hand or has been decided upon
was ordered al the meeting.
RAISE IN READING DIVIDEND rO-8-ED-
Some weeks ago ii vas definitely ru--7-sd bu;
authortta lively and even Officially denied r-ar TIA
Reading Company would soon issue new securities
II some kind For several days il has been r.
mored with almost equal defrits2ess rra- when
action is taken on the matter about we-s hsnes
the rate OF dividend the common stock would bs
raised from per cent 70 per cent O. y5--. A5-
vices from We'll Informed philadelphia interests
clearly Indicate that no change viii d. made a:
this time.
BOWERY SAVINGS BANK-Tha board - t-rls-
tees Of the Bowery Savings Rank has al 5zi u
continue the Ter cent interest basis which TIRE
bank initiated At the last preceding annual
period President Wood states that the -.1-1,s.nsi
prosperity Of the country is reflected by -= -owta
Of deposits AMI the enhanced earning lover q.
capital accruins 20 the benefit OF The masses in
most gratifying manner.
KANSAS CITY SOUTHERN SYNDICATE EX-
TENSION.-Participaur in the Kansas Ct-v S1Ets-
ern Railway Company S5.l6oCst per cent SIX
year gold notes syndicate have been requested 70
agree to an extension OF the syndicate ~-- period
OF about siN months from June - In DECEMBER -
1907 The syndicate has disposed ct about sd per
cent. or SS.Jo0eoo. o. the notes a. aIr-rts-e0gs
terms. The circular states THAR -.a extension )
due To The passive state of the i-.t---.- market
REGULAR WESTERN UNION DIVIDEND REC
ONINENDED.- executive committee O.. yhs
Western Union Telegraph Coupau, yesterday res
commended "a the directors the declaration q ~
regular quarterly dividend Of u, per ..rr On ths
stock, The directors Will meet ta---g -r act On
the matter
INTERNATIONAL STEAM PUNE William Il
We're elected directors OF the Intern. ...st steam
Pump Company.
GATES. SR-. RETIRES FROM REALTY con-
PANTHEON w Gates has retired -.-- t15 J.
rectorat= Of the United States g-a.-- ma II
provenent Company and has jeeo s...e-5aL by rs
son. Charles G. Gates.
rNNC0T THATE0 lYrv-AUc- SAFES