New-York tribune., 1907-12-20
TOPICS OF THE STREET

Aaar
l0.oOe shares in the local market, evenIv S;ss
In London consols were "A shade harder b..
general market was inactive at unimportan, "a, as
changes. The Bank of England made a n,ue.pp,es
ter showing than reported ar this time a Voc. ~
and made change in it's minimum rate AZ 80 80
count The position of the bank, however ,s ~
so strong that il control the European -,
markets soon normal conditions ara ress.
in the United States The situation in Germsns
bad. but Improvement is looked for arter IN.
of the me- year. Call money In London .' INV
good supply at Az per cent. while there wer. -,
offerings the year at 5is per cent
Prussan treasury sold its nine month bills me
> 9-1s basis
ATLANTIC COAST LINE DIvIDEND-rn.
Iantc Coast Line Railroad Company makes -.
following statement:
The dividend of per cent declared by N. 4.
antc Coast Line Railroad Company is not pav,s
in what is ordinarily called scrip. but In certica
of indebtedness which were issued by the AtIar.;
Coast Line Railroad Company in 1907 and uss@
passed into the hands OF the public. In 1909 ,h
Atlantic Coast Line Railroad Company loaned -
one it's subsidiary companies money to purrb,..
certain properties, which again sold N -
spring 1906 what they had originally c,.s
and accented payment for them In these cs-,s
Gates of Indebtedness at their then market vaIr.
at %. and were accepted ny the railroad corpanr
al the same figure in payment of its loan. Thss.
certificates have since been held nvestrna,.
of the surplus of the railroad company, and 81 ass
100 are now To be used. instead of cash In ma,
the January dividend An important privilege be-
longing to these certificates Of Indebtedness Is ha,
holders in
81 900 lots for any new issue Of mortgage bonds
which may hereafter he created upon the pror-
erty OF the Atlantic Coast Line Railroad Company"
DIVIDENDS DECLARED.-Dividends have been
declared as faIlows: Springfield Railway and Light
Company regular quarterly per cent. payable jan
t,ary p Peoria Light Company regular quarterly 4,
per cent on the preferred stock payable January ,
Little Schuylkill Railroad regular Seni-anuIal q.
nar cent payable January Is; Evansville Light
Company regular quarterly liz per cent payab.
January .; Colonial Bank regular semi-annual 10
,S--f,,,
shin C'omnanv regular Seni-annual per cent paw
able January .; American Locomotive Company
regular quarterly rs per cent on the preferred and
II. per cent on the common; Bowling Green Trust
Coupany regular quarterly per cent. payable Jan
nary >: Ohio Fuel Supply Company regular quar-
terly q. per cent payable Deceunoer 81; Northern
Securities Company per cent pa January 70;
Jefferson Bank regular seuli-annual per cent, paw
abIe January .: Lawyers Mortgage Company reg
uIar quarterly 215 per cent. payable December 81:
Washington Trust Company regular quarterly
Nor cent pavabIe January 3 Seaboard National
Bank regular seu1i-anuuaI per cent. payable JAN
ury >: Irving National Exchange BANK regular
quarterly . per cent payable January ,; Mechanics
National Bank regular quarterly ) Per cent, pay
ab1e January .. Chemical National Bank regular
bimonthlv .. per cent. payable January :: Com
mercia1 Trust Company of New Jersey regular
sen1-annual per cent paSdpie JANUARY = sea
Telephone Company OF Philadelphia regular quar-
terlv H. per cent payable January ,; LOUISVILLE
Nashville regular semi-annual 3 per cent payshs
February 10: Fulton Trust Company senn'-annusl
per cent. payable January =
sr-R-TREAsURY TRANSFERS.-The Sub-Treas.
urv transferred yesterday for local banks ssh.
of which 81 0ea to New Orleans, tNen 70
Chicago and $3.50 to St Louis
PANHANDLE NEW SToCk.-The Pittshurs
Cincinnati, Chicago q ST Louis mas nlade applce-
ton to the Stock Excha nge to list SSeoseoe add
tionaI common stock The amount previously out
standing So 500. shows that the road now has
a total of SIS. sos. 500 common stock Outstanding
This stock has not been offered the STOCKHOLDERS
IS
IS 10 so the company has. Of course, not oeen
selling it in the market. A part OF the stock rhlch
is now be listed has been issued IN FXcnanse t9s
minority stock OF the Charters Railway. q suaA
road controlled by the Panhandle The latter iast
February offered exchange $500 of its o7' n s'oca
for every $50 stock of the Charters Rdh'de'-
All of this minority stock were turned In the Terms
of exchange would necsssitate s1SSS.s00 of Pan
handle common stock effect the transaction Inc
remainder of the stock VIII probably go INTO tns
treasury of the Pennsylvania company in Ields
mont of cash advances for construction purposes
FOR year or more the Panhandle mas owed "7
Pennsylvania company several million dollars
CONSOLIDATED STOCK EXCHANGE c
,r5r,erson of Nirkersou Simmons & BtIss. Ct Sos-
tor who sold his seat on the Consolldarei Stcok
Exchange last year. has repurchased seat y
BigeIow who has been with the firm OF Gurus q
Sederqust for eight years and VINO reeen.N .ees p
came a partner has beer admitted 10 rnsroers1ip
in the Consolidated Stock Exchange J. r. Us
horne of No. Il Broadway. who is about 70 oeconls
a member of the firm OF W B. srnltn q 20 -.. Ls'
also been admitted 70 membership IN me Cohs'"
datsd stock Exchange. w Z. Bogert has peer
readn1ftted 10 membership in the Consnhdats'
Stock Exchange
RAILROAD EARNINGS LOWER. Railroad
earnings, received yesterday for the secono W
in December, show for eight companies ID .n7
United States total loss in gross Of solse and lo
one road gain of sl7.18. CondltlonS sPpear 20 " :.
better in Canada. where the tanaolan ssti0 - -
,frrs gain for the second week of Sl%"- la-
heaviest loss was made by the Missouri FsSine
which shows d decline from the corresponding NS7s
year ago Of SlGS,9o-
UNITED STATES DEPOSITS INCREAsEp,
The Treasury statement shows that the to'1
amount of United States deposits IN the nauoh@
b,,l< dcnositaries of the country are s25oSlz2 sn
increase from the preceding day o. S.9ls2-i @ sna
an Increase from two days ago OF S-'7t''s, - ~
total actual cash working balance IN tns I"''''
States Treasury Is si2-2a.I9a
GOLD IMPoRTs-There was withdrawn rom
the Pank of England yesterday for shlpnleh. " -
New York f2n00p gold On the White star y nns, -
Ma aiesric which arrived yesterday. there as 49,.
in gold consigned to local bankers The 'TlsIaH'
Trust Company has engaged $4,000 in Sota ie7 ~" ,
port. making the total on the current no'eni7I'
S106. .55O,0 ,0oo
CHICAGO RAILWAYS CONPANY--Thst TINE q, ,
making deposits under the Union Traction modn.a
plan of October 10. 1907. expired on Decemoer :,
1907 and no further extension has been granieu'
Deposits can now be made only upon specidi go ~,
of the committee application The total ct - ).
bonds which have assented to the modlhed p-. -
81 63l 0cl. which is substantially ~ per cent VI -
outstanding issue. The pending foreclosure p''
cee6ings are expected TO be shortly entered.
PRICE OF SILVER ADVANCES.-The rr'oe "
silver the London market advanced ye>eelua.
i-I6d, to IS 1-l6d. what was descrfPSu ID 80 -
reports as wholly speculative movement In'
market for silver recently has been weak ~ Cor
don and New York The local price was up ~
yesterday.
BOND ISSUE AUTHORIZED.-At a sPeclai ~ -,
ing of the stockholders Of the Nassau lASn, h0a
and Power Company yesterday the proposIHoH
issue 81 OoOo OF D per cent bonds ratified sh'
confirmed Interest will he payable sefnl-s -
The bonds will be dated October y 1877. anu '
for twenty years.