New-York tribune., 1908-06-17
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses not
active in the local market, buying a few thousand
shares. In London market movements were unim-
portant, with gains and losses about evenly di-
vided Money continued easy at unchanged rates.
Paris discounts lower and Paris exchange on
London declined. Berlin rates unchanged.
American stocks strong on the curb
DIVIDENDS NEUTRALITY-SUSPICIOUS. have been
declared as follows: Standard Trust Company
regular semi annual ; per cent. payable juno 90:
Gatvin Machine Company regular semi i-aunual 51a
per cent the preferred. payable July 1: National
Packing Company regular quarterly 134 per cent,
payable July !: Union Dime Savings Bank semi
annual ? per cent; Mahoning Coal and Railroad
regular m-annual per cent on the common.
payable August l. and 21s per cent the preferred,
payable July 1: Teziutlan Copper Company regular
quarterly IL per cent payable July 10; Union Trust
Company regular quarterly 12l3 per cent, payable
July l0 Teft- Weller Company regular quarterly
IL per cent the preferred. payable July l.:
American Cities Railway and Light Company regu-
lar quarterly IL per the preferred, payable
July 1; Central Trust Company regular quarterly
Is per cent. payable July 1; Corn Products Rein-
ing Company regular quarterly l per cent on the
preferred. payable July 10; Columbus and Hooking
Coal and Iron Company regular quarterly liz per
the preferred. payable July l.
PREFERENTIAL RIGHTS FOR OLD BOND
fIOLDERS.-The first mortgage per cent bonds
of the Metropolitan Elevated Railroad Company.
amounting TO s1o.81s,000. fall due on July 1. and
the Manhattan Railway Company has sold suf
iicient of it's consolidated mortgage bonds to Red
mond & Co. to provide for their payment The
bankers announce that the holders Of the old
bonds will he given preferential right to pur-
chase the new per cent bonds, a formal notice
to which effect will shortly be issued.
odd LOT FIRH.-The firm of Carlisle.
Nellick & Co. of No. 90 Broad street. will begin
operations oday. making speciality of odd lot
business; that is orders for stocks in lots under
one hundred shares. The firm is composed of ia Y
F. Carlislc. George P. Meick David c. Halsted.
Ira Richards. jr. Clarkson Runyon, jr, Charles
F. Samson and Daniel A. Lorins, jr. Six of the
members have seats the New York Stock Ex-
change. the representation of the firm the board
being greater than that OF any other house in the
Street
directors of the American Locomotive Company
will meet next week for action the dividends
the common and preferred stocks. While there
is doubt about the payment OF the preferred
dividend, 1t is thought the dividend the common
will be cut passed. The company Is in good
financial condition and could easily pay the full
common dividend but, in view OF business depres
sion the directors may decide not TO make the
disbursement at this time
ILLINOIS CENTRAL BOND ISSUE.-The drec-
tors OF the Illinois Central Railroad Company
scheduled to meet to-day when II is expected that
action will be taken toward the authorization
of the convertible bond issue the extent OF
sIf, ,256, 900
DIVIDEND INCREASED--The directors of the
Empire Trust Company have declared
annual dividend Of per cent, payable July l. This
is an increase Of l per cent semi annually.