New-York tribune., 1908-06-14
TOPICS OF THE STREET

FOREIGN TRADING-Forefgp bouvss
sellers in this market to the extent OF aso-
$4,000 shares. chiefly Of Union Pacific a,1 -
Erie issues. American stocks in Tordo, --.- ~
active and weak the principal decline bslny .
the Fries The new Union Pacific bonds trsSsS .
for special settlement were quoted at ? TO II, 5-
cent discount. but recovered to I per csrf -
count on support by the banking interests ids-+
fed with the loan The general marker in -
don dull and featureless
DIVIDENDS DECLARED-The diractors =.
the New York. New Haven & Hartford RaIr,s5
Company have declared the regular orart.-s-
dividend of per cent payable on June an IN.
directors Of the SlOss-Sheneld Steel ana r
Company have declared the regular o1ar+a-Iv 49,
dend of 2 per cent on the preferred stock o,v
able on July l. The regular quarterly divids75,
of "a per cent each have been declared on n.
common and preferred stocks Of the American
Iron and Steel Manufacturing Company usvag.,
on July l. The regular quarterly dividend ~,
per cent has been declared by the directors NJ N.
Van Norden Trust Company. payable on June N
The directors of the Underwood Typewriter C,orn
pany have declared the regular semi-annual div
dend of per cent on the first and second prs
ferred stocks. both payable on July l.
BANK CLEARINGS OF THE WEEK-rs,
total bank cleariugs Of the United States FOR N.
week ended June 13 Zone day estinatsdl v.-,
s2,14O286.46+, against S2.SO2S10246 for the ms.
Ceding week and 1888 .OO7.s29 for the cn--s
spending week Of 1907. Compared with iasr vs.,
the clearings for the week show a decreas. N
1I-6 per cent. New York decreased POS per c,rt
Baltimore % s per cent. Philadelphia 239 per cs-,
ana New Orleans 23.1 per cent
VANDALGA BONDS-speyer & Co. have IN.
chased from the Eandalia Railroad Cor7panv 2
C00.0s0 consolidated mort gage per cent gold bor
series 3. maturing November l. 1857. The Vauis
liza. which is controlled by the Pennsylvania Csr-
pany, forms a direct connection between Indian
apOlis and St Louis. with branches 10 vf1csrrss
on the south and to South Bend and Buter Ind
on the north.
NEW HEAD OF CAR HEATING COMPANT-
James H. Manning has been elected president Of
the Consolidated Car Heating Company. 10 sue
ceed Robert c. Pruyn. who resigned account
of the pressure of other business. Francis C.
Greene has been elected a director TO succeed Cor
nell s Hawley
HUDSON COMPANIES NEW LOAN.-The issue
of new one-year per cent notes Of the Hudso1
Companies is for 100000 secured by deposit o.
s1oOG0O0O of the company's A per cent bonds.
QUOTATION DISCONTINUED--Quotat has
been discontinued in the unlisted department o
the Stock Exchange OF coHveruole per osa
bonds of 1886 of the American Ielepnone anu IL. Ia.
graph Company development and general m0lr
gage 4 per cent bonds. series A. OF the ooulnaa
Railway Company and subscription certl1cd'eS
preferred stock full paid. of the Great N0luA-
Railway Company
NEW MANHATTAN BONDS TAA-F--NE-lrl I-1-..-,
The s1I7I2.0OO Manhattan Fsal4"dS 80 -. -3
consolidated (nOw frst) mortgage per CehS -
bonds which the company has sold 70 heuHO., h,
& Co. are exempt from taxation oy INC H .I,r,s
EeU- York its counties. cities. towns, NtIoe
ScTo and
statement 70 which effect Is 1ndoFseu On ~
bond The bonds previously 1SsCed ar ar W ~ ,ssa,
exennpt and the new bonds. Nos ISIS % 80 -.
and 40 OO1 TO 40 S94. inclusive. are the Only - -
out of the entire issSe which are taA-eAe-, As-,s
These bonds are legal investment lot San =
banks trustees and trust funds IN 'he 9'0
New York
MOVEMENT OF COTTON.-"The Flnah.s
Chronicle gives the total port receipts OF co' ,,
for the week ending June II. IyvS' d O1 a.E
bales against 81 SIS bales for the preceuIs I s.,I
and 81 1852 the week before that n1.tkIns s. % ,ss<
receipts since September !. ISV'' - -'sss !,
against 954S5SS bales for the same peIou
Iao6.o- showing a decrease since SEPTEMBER
1907. of 15S7.S62 bales
LOWER COMMODITY PRICES-Prlce NOV
ments tend downward with greater celeritS. - -
though some commodities, owing 70 spe'tdI - -.
tions resist the general tendency to"aIu =. s,s
levels But this retroSreSStop Is not new a.
been plainly visible since the upheaNdI VI
tober last for BradStrNet's rlonthly lnoeN - -.
bers have shown reCesSiOnS ~ ea'h tHul'' -
that time. except in March. when tle ou sI-.,,
movement temporarily arrested ,J 2,
time-honored economic laws are "elhS ~ = ~
that as IL may BradStreet's index nuinoe -
June 1-s- 729O-fs the lowest recorded sln.
July l. 1904. and IL represents oeFreaSo - -.
per cent from Nav and 12-7 Per cent from Is rs
level of last October Ineidentaly lns 7bira
show a decrease of f5.4 per cent from t1e H-s
point which was reached on Marcn l. i'''' ss,rr
thev also display a decline of t41 per cent IT,,
June I Of that year. and ~ per cent i''"'
1905
ELECTED A CE-PRESiDENT. - s EN~as
Earl cashier of the Nassau Bank. has IateE -. -
elected vice-president Of the manufacturing ss~sr
OF E;nos Richardson & Co lie IS also al Nfr
and director in various other corporauonSS-- S-,ssu
Earl has increased the deposits Of the t>aso~ -
Bank at the rate of thirty and toF'y me-, me-, g
tho FIRST of the wear The deposits no" fes0"