New-York tribune., 1908-06-11
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses dealt in
seo shares in the local market, all sales In Lon
don consols were heavy. The copper shares were
strong. The general market dun. and the be
ginning Of the fortnghtly settlement disclosed a
small speculative position open either side. The
contango on American stocks was 212 TO "a pcr
cent with a light bull indicated at the
carry ever. Banks charged "a TO ei2 PEE cent,
their low price indicating the belief of further
reduction by the Bank os England in its discount
rate before the end OF the month. Money in the
open market easy.
DIVIDENDS Observation-Disclosures have been
declared follows: Mexican Light and Power
Company per the common stock payable
July Is Pennsylvania Warehousing and Safe
Deposit Company IA per cent, payable July J.
Esperanza Mining Company regular quarterly 212
per cent and extra 15 per cent. payable July /.
New York Central regular quarterly u per cent
Faennselaer & Saratoga regular sem-annual per
cent. payable July / New York and Honduras
Rosario Mining Company regular monthly ] per
cent payable June .. Union Bag and Paper Com
pany regular quarterly per cent on the preferred.
payable July Is. Philadelphia. Baltimore & Wash
ington regular seTni-annual > per cent payable
.oiF J. MohaWk Mining company y 81 paNanie
July 10. Lake Shore & Michigan Southern regula-
@tenli-annual semi per cent. Michigan Central regular
seni-annual per cent Canada Southern regular
seri-annual II per cent
SECURITIES LISTED.-The following securities
have been added the Stock Exchange list: South
mortgage per bonds 1855; 500 090o con
vertible per cent bonds Of the American Tele-
phone and Telegraph Company: s. o00 o@0 per cent
convert bic coupon debentures Of the Brooklyn
Cnicn Gas Company; S5eogeo additional first mort
2
s295'o,e0. Of the Wabash-Pittsburg Terminal Com
rany- 81 100000 preferred stock and s. com
mon stock of the Vulcan DEFINING Company. and
N.l'e"p trust cellifcates Tor preferred stock ana
S69o9o no certificates for common stock of the.
International Harvester Company.
GOLD EXPORTS ABOUT OyER-The opinjon
prevailed yesterday in international banking and
foreign exchange circles that the outward move
raent Of gold TO Germany about over at least
fer the present Rates for sterling and marks
were easier yesterday and of the large in
ternationsl houses who have been the largest ship
peTs Of gold 70 Germany recently announced that
they would not forward any gold on the steamer
Bluecher. sailing to-day The favorable weekly
statement of The Imperial Bank of Germany leads
international bankers here to the belief that that
institution will make any especial efforts 10
draw gold from this centre
COPPER PRICES ADVANCED-The quoted
price Of copper the Metal Exchange was ad-
Tanced yesterday L for eectrolytic and lake Sales
were made by large producers and selling agencies
at prices close TO 49, for electrolytic There has
been no pronounced buying, orders are more
numerous indicating that. while consumers are
operating their plants at reduced capacity they
bare cf stocks One cf the largest electric
companies is the market for large st,ppes of
copper. and il is reported that United States
Steel Corporation Will place fair sized order
TO VOTE on EXTRA INDEPENDENCE HOII-
DA1-Ihe members Of the New York Cotton EN-
change will vote Friday a petition TO close
the exchange on July g. The petition has been
generally signed. and. inasmuch the government
cotton report viii be issued on July l il appears
though the holiday proposition viii he approved
The members Of the New York Coffee Exchange
dav.
BID FOR COBALT CENTRAL DIVIDEND
There is a standing bid the curb Of per cent
for the dividend 10000 shares of Cobalt Central
stock The president of the company recently
nounced that the question Of dividend declara-
tion woulc be taken up al the next meeting Of the
board Of directors.
MOHAWK MINING DINIDEND.-The Mohawk
Mining Company has declared dividend Of - - a
share. Last January no action WAS taken on diVl-
dends, while year s. share was declared
This company is the third copper producing com
pany 10 resume dividends the other Two being the
North Butte and the CRANKY.
SLOSS-S SHEFFIELD STEEL AND IRON.-A di-
rector Of the Sloss- Sheffield Steel and Iron Com
pany says that its surplus for the quarter ended
April 90 after the payment Of the regular dividend
on the preferred stock and per cent on the cont
mon, amounted approximately TO $1,000
TO CERTIFY SYRACUSE BONDS.-The Colum-
bia Trust Company OF this city. has been appoint
ed 10 certify as 10 eenuineness issue OF SeJ09D)
Syracuse (N. W water bonds, FOR which bids will
soon be received by the city Controller
BEAVER NATIONAL BANK-The liquida1ing
committee Of the Beaver National Bank has de-
clared a dividend Of S25 share payable June Is.