New-York tribune., 1908-06-30
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses sold up
ward Of 10000 shares in the local market. cneiIs
Amalgamated Copper and Anaconda There were
some sales on the rally of the active stocks from
the curb in London. London reports that Amster ,
dam has been a steady seller of the Rock Island
issues in the British market. The general London
market was dull and irregular. Money was In Sooo
demand at the British capital and a relati'ely
large amount was borrowed from the bank OF
England in seven-day loans at per cent Can
money was frmer at IA per cent There was a
further Continental demand for gold and Paris
secured the 81 900 900 South African gold offered
in the open market The price of bar gold was
advanced 12d.
LIQUIDATION WE'LL CONCLUDED.-In their
monthly circular on the market John II. Davis &
Co review the incidents of the earlier months OF
the year and discuss the political as we'll as in
dustrial outlook They express little fear of the
result of a Presidential campaign If Bryan is nom
mated by the Democrats. believing that Mr. Taft
would be elected and looking forward to a conser-
vative direction of public affairs under his admin
lstration. After contessing that the course OF
prices during the last six weeks has been dis
appointing to the expectations of those hoping for
greater stability in the market for securities. the
circular concludes follows: We are still of the
opinion that general liquidation was pretty well
concluded In the period between December. 1906,
and November 1907 Even in the rise OF this
spring there commensurate increase in the
volume of public commitments. Hence. II the
average level of the stock market is to fall back
30 the figures Of the panic period 1t would seem
that current corporation difficulties outlined
must appeal strongly TO actual investors undis-
tur5ed by last years panic
CORN PRODUCTS NEUTRALITY-SUSPICIOUS. of
the Corn Products Company at meeting yester
day voted merge the company with the CCSl
Products Refining Company. Under the of
the merger the holders of three shares OF Corn
Products preferred receive two shares of Corn
Products Refining preferred and sl2 In cash. The
holders of three shares of common stock OF the
Corn Products Company receive two shares Of
Corn Products Refining common.
MOVEMENT OF MONEY.-The banks continue
to gain the SubTreasury. The gain on Sat
urday $9i6.000 and since Friday the resources
of the local institutions have increased on Sub
Treasury operations Az 600 The Sub-Treas-
ury was Il debtor yesterday morning for S7l9 1874
From Friday to Saturday last week the banks had
gained $59i.000.
declared follows: ]. c. White Company regular
quarterly ll2 per cent on the preferred. payable
July /: Hamilton Woollen Company regular semi
Bank regular quarterly per cent. payable July L;
Il. b. Clalin Company regular quarterly . per cent
the common. payable July Is.
UNITED STATES RUBBER.-The directors Of
the United States Rubber Company will meet
Thursday for dividend action II is understood the
usual dividends will be declared. IS there has been
great falling of in earnings. Figures for the
June quarter Will compare with exceptionally
prosperous period in 1907
ATCHISON'S LOSS IN EARNINGS-The NAV
report Of the Atchison Toreka & Santa Fe shows
IA loss In gross earnings of $1.790 502 and a loss in
net earnings of s129.S76. comparison being made
with the same time last year.
ATTRACTIVE INVESTMENT OFFERiNG-N
W. Harris 4 60. are Offering for July investment