New-York tribune., 1907-06-23
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses were not
factors in the local market no orders OF conse-
quence being reported In London the genera!
market was inactive. without feature except 4
slight exhibition of strength in consols The sup
ply of money available for borrowers in the Brit-
ish capital was fairly large, but there was no
easing of in rates Discounts were firm 4.
1915. II is feared there viii be further so.d
withdrawals for the account OF Egypt owing 70
the disturbed financial situation there
MARKET OPINIONS-Views the stock mar
ket by some of the leading houses follow
Henry Clews & Co. say There Will in the ne1r
few weeks unauestionably be favorable oppsrtuni-
ties for quick trading but profits should be prompt
" taken moderate advances and purchases naaae
only reactions
Chandler Bros. & Co. say: we stin advise Pur-
Chases on each drive.
Carpenter BaeEot & Co. say. The weight of
evidence is in favor OF operations on the Ions side
either in daily trading or for a long pull There -
nothing apparent in the stupid sessions Of the pres
ent market TO denote any change OF tmPortahCe
before the beginning Of the month -
Grannis & Lawrence say: Union Pacihc VII
earn this year upward of Ii per cent on the ccnl-
mon stock and it is estimated that the unols
tributed earnings on Southern Pacific and other
stocks owned by the Union Pacific Will bring mo
total income above 20 per cent"
II L. Horton & Co say: The developments
abroad show foreign markets are rapidly eecon,-
ing involved in liquidation II this continues, sell
ing here for foreign account is inevitable. ana
until the tension is of the money centre Of the
world no material Improvement can be looked IcF
here
Alfred Mestre & Co. say: Just when the denact
for gold by Paris seemed 20 be about satisneti'
London begins To Old urgently Tor the metal -
consequence Of which 81 Sl.I0GOOO secured hers
fCr the British capital This is certainly not par
ticularly encouraging ssgn in view of the low con
dition Of bank reserves and the heavy I'M
pending demands upon the money market IN con.
neCtion with bond hotations and the july
disbursements"
+. r Chapman & Co say While il IS true tha-
the market shows a absence OF pressure .
equally that II shows entire absence g
energetic support and although il is granted thas
either Of these lacking qualities may develop q.
any time, stu think that 1t is bes- 70 mass
sales on rallies"
DIVIDENDS DECLARED Dividends have been
declared follows: American Screw COMPANY.
regular quarterly 2te per cent payable June =.
Great Lakes Towing Company regular quartetlS
Ia per cent the preferred PAYABLE July l. SNIa
cuse Rapid Transit regular quarterly IL per ess.
the preferred. payable July l; Michigan LislN
Company. regular quarterly per cent on the cotn
and l1a per cent the preferred; West E'.
Street Railway of Boston, regular semi -annuai
per cent payable July l; Delaware Railroad resu,
lar semi annual per cent payable July l; Capi'i
Traction Company Of Washington, regular qua
terly IL per cent. payable July l; Maine Cehu.S.
regular quarterly Is. per cent payable July l. be.-
Railway of Chicago. regular quarterly per Cen''
payable July l; Chicago & Western Indiana resu
lar quarterly 1la per cent payable July i; barnLu
Manufacturing Company. OF FAN River. GuartStH
per cent, advance of One-half or per cen.
the last preceding payment. payable july :,
Gorham Manufacturing Company Ia per cen, on
the common and preferred. payable July Is Ge9ss