New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-03-07
THOMAS w. LAWSON.

stock Of the Reading company has changed hands
twenty times. as represented by the dealings In
tho issue on the Stock Exchange. Interest centred
in the stock yesterday. and the report that Hsrri-
man had the property caused something OF bear
panic Frick and First National Bank people were
buyers and Z. G.. Gates & Co were among the
heavy sellers on the advance. Sheffield 4 MeCul-
Tough credited with snl,s Of $4,000 Steel
mon. Traders. including II. Content C. b. Mac
donald &. II. he Witt and =. a Manice. ac'
tive buyers IN tie early dealings. Hartman &
Co sold the general market on tho advance. Nor
gan brokers bought the HI stocks. Union Pacific
sold under tile price ruling before the dividend was
advanced from - 10 per cent last August. Com
mission houses that act FOR people who buy ont
right were heavy purchasers enc house taking TO-
900 shares for three accounts. Flower & CO sold
10000 PENNSYLVANIA. and Vaughan & Huest bought
equal amount. c c. Gates x Co sold 10000
Union Pacific FTaucke, Thompson & Robb sold
10000 Reading the advance Arbitrage houses
bought stocks over night. believing tho London
rnarke. WOULD rally before the local opening JEFF
ferson NJ Levy denied the report that he had been
hit in Canadian Pacific
AMERICAN RADIATOR REPoRT-The report
o. the American Radiator Company for the wear
ended January 81 shows surplus 10 per cent IN
excess of the total amount Of preferred stock
issued The quick assets are per cent in excess
of the preferred stock. Net earnings for the wear
Were equal 10 1903 per cent the common stock
The COMPANY has created an Insurance fund Of
sSoo"". 70 protect it against possible decline in
the value Of its stock OF merchandise on hand
which fund is equal approximately to p per cent
OF the total value OF the stock OF merchandise
Tho company has acted on the principle that il IL
desirable 10 create Insurance funds provide for
such disappearance Of value. on tho same theory
that induces manufacturers 10 secure FIRE insur-
ence. Inc balance sheet shows total quick assets
OF @23o,4S, compared with sL16s.i7 in the pre-
cedng year Net profits Ss6i esl. against sS33-
eI last year. and there was y balance after divi-
dends OF s42Sl. against &27 81 1905 Total sur
plus S&io7 against 22929 7s I'm 1906 and s. sol SsT
IN lsoL The company paid in dividends in the year
$4,000 on the preferred stock and 100000 on tho
common stock.
DIVIDENDS DECLARED Tho directors OF tho
American Tobacco Company have declared the reg
lar quarterly dividend Of y. per cent the pre-
ferred stock and sem-annua dividend of per
cent on the per cent bonds The directors Of the
lnterborough Rapid Transit Company have de-
cared the regular quarterly dividend OF "a per
cent. payable April 7. The directors of the Twin
CITY Rapid Transit Company have declared the
regular quarterly dividend of Ia per cent the
preferred stock. payable on April J. The directors
~ the Mackay companies have declared the reg
uiar quarterly dividend Of per cent the pre-
ferred stock and ] per cent on the common pay
able on April 1. The directors Of the American
Smelling and Refining Company have declared the
regular quarterly dividend of ia per cent the
preferred stock and the regular quarterly dividend
of ia per cent the common. The preferred is
payable April ]. and the common on April l..
The directors of the Utah Consolidated Mining
Company have declared dividend of 81 % a share
and extra dividend Of q cents share, payable
on April Is The American Snuff Company has
declared the regular quarterly dividends OF ls per
on its preferred stock and Of 2is per cent on
its common stock, payable on April /
AMERICAN GRASS TWINE.-The presidents
report Of the American Grass Irvine Company
states that the net profits for the last year over all
expenses We're about s95 0o0 There was paid of in
the year about S2100CG Indebtedness leaving only
small floating debt. which will be lqudated in the
future. The gross business Of the company
was about 30 80 per larger than it was in 1905
At the annual meeting of the company held yester-
day tho directors were reelected also the officers
BROOKLYN RAPID TRANSIT.-BrooElyn Rapid
Transit was one of the most demoralized stocks in
the early trading The popular explanation Is that
the politicians have been forced to sell at big
losses while a less popular opinion Is that the
Brady pool which Is supposed to have started
with y ooO shares in the neighborhood OF rs has
suffered severely. II this pool has sold, It. Of
course. suffered heavy loss but the interests
identified with the pool strong financially. and
II Is not unlikely that they Will keep their holdings
until the market returns 10 higher level The
hangers-on OF the pool. however. have been hurt
I.ACKAWANNA.s DEcLINE.-A sale OF 100
shares of Delaware Lackawanna Western was
made at 4Sl. a loss Of 24is points from the last
preceding sale The extensive decline was due to
the inactivt; OF the stock and the high price at
which II is quoted This Is the lowess price for the
issue since last May. ana compares with high
record price OF 500
JAPANESE REFUNDING BoNDs.-Kuhn. Loeb