New-York tribune., 1908-06-26
TOPICS OF THE STREET

IRADHNtI-EOTelEn
5000 shares on balance in the local market. In
London the general market steady and dull
Money was easy, though call loans were IN bettsr
demand, with hardening tendency in bills. TIE
Bank Of England made change IN its minimum
rate of discount There were important changes
In the Continental markets.
DIVIDENDS DECLARED-Dividends have been
declared as follows: National Bank Of Cuba reg
uIar semi-annual per cent. payable July l. Wells
Fargo & Co. regular semi-annual IS a share pay
able July Is; United States Smelling. Refining and
Mining Company regular quarterly per cent on
the common and 1&a per cent on the preierreds
Delaware, Lackawanna & Western regular quarter
ly 2iz per cent, payable July %; United states
Mortgage and Trust Company regular semi-annual
10 per cent PAYABLE June 30: Merchants National
Bank regular seTni-annual 313 per cent. payao'e
July I; American Caramel Company regular quar-
terly per cent the preferred. payable July l;
Mexican Telegraph Company regular quarterly =,
per cent, payable July Is Massachusetts, ldsnflns
Company regular quarterly H per cent, payaus
July Is; Central and South American Ieesrapn
Company regular quarterly h per cent. payaoe
July g. and Alliance Realty Company regular quar-
terly IL. per cent, payable July 10
DUN'S CROP REPORT.-Dispatches 10 "Duns
Review from branch Offices of r g. Dun q %,
situated in the principal farming regions indicate
that last week supplied exCept-laily tavoraois
weather. greatly acceerating the maturity OF cluP'
that were backward. Generally clear weather sue sue
ceeded excessive rains facilitating the halsssI -
Of early wheat. while flooded districts are dlSHs
rapidly. rendering repantng possible where nece'
sary. The corn crop is late, but much Iosl sIolIl
has already been recovered Wheat mas sunelsu ,,
some loss in Kansas. and cotton is undouDtsds
damaged in Oklahoma. but the net result pn ploIn,
well because OF favorable progress elssNH
Minor grain crops are doing well hay IS gems oeias -
at many points. and reports are most encoura5ih-
of all important fruits and vegetables
BOOK FOR BANKERS AND BUSINESS MEN,
Monetary and Banking Systems, Just puoAS..eA
by Maurice L. Muhleman. formerly DEPUTY .
sistant United States Treasurer. in TINS c,y, 49,, -
many respects is a revision Of the autnor 49, 49,
tary Systems of the World and Ike thai ,-, Vos-
is of great interest and value to bankers puSln -
men and students OF finance It's features me-. nla,
summarized follows: The complete iesi' 80
and statistical history Of the coinage anu 20. -.
currency systems in the United States; tne lu' 9
Of the legal tender laws the stuoy 81 ys,,,
volume of money in the United States. he-tTs
the OvereStimate of gold The subject '' -
illustrated by statistics and other data 'ue q
credit expansion in the last decade. the que7lO ,0
reserves and the detrimental influence % a .rs.
elastic banknote system The disCuSSioI % - 1ts
rency and banking reform and IN Connec'Vn j. ~.
the proposed central bank plan. the charteI - a.
United States Bank OF 1876, with data sIo"-o- .,s
operations. As hearing upon this plan the consu,
tuition and operations OF the great .V' - sT,s-
and the manner in which the three cnisL ous I,u,s
tanned the strain OF panic last iaii' tue q,
of tbe worlds money The concise accounts y.
foreign money systems and exchanSe' 'hs snl
relating 10 clearing houses. the money -,~s,
the movement of money, bankins poNe-'
productions Of precious metals
PENNSYI.VANIAS RELIEF FUND.-Repo,,U, -.
the operation of the employees rehef tunu u, - -
Pennsylvania Railroad Company Llies -. NV.
PlttShurE and Erie snow llldt. ii''''77
ments for the month Of May. but rev -. ard
less than ss,OOooo0 has been paid 10 ueII mem go on
their families since the organization or 'iI. -.,inr
February Is 1856 OF the exact total s'0 - 80
10 s11 966 252 - $I.3 500 70 has pesh Pa-u %.
families of members who have dlsu - uho.
mainder SO SsS 542 95 was paid 20 mennOe-s.
because of Illness accident. were ne nc - NAV
for work The payments for the mol's @ - :, vent
1905 amounted 10 SlO 919 H. Of which S 40 - Sn =,
TO the families of deceased members anu 49,
those who were unable TO WORK ,s r,,
directors of the American LocomoJN9 .9,d ~ IN
have declared the regular quarterly dlNluelu - ON
per cent on the common stock anu 70 -. - 20 CON
the preferred The decision or the - rsxi,Isr
tinue pavrnents on the common STOCK az . ~ ny rhs
rate was based on the good results a..H ~ ansucisl
company in its fiscal year ana inc 81 Lfs N 10
position Of the company. whcn W. z.t,s- needed
make the disbursement without
working capital pPE-
DE, BF,ERs DECLARES REGULAk, ,,rI,ons
FERRED DIVIDEND.-The De peeIs ssr,i-an.
Mining Companv has declared the usual -,o,x
nual dividend OF 20 per cent on lts pre- son mar
thus terminating recent fears IN tne S wing 10
ket that the dividend would be passed ,-tTy
the depression and crisis in the diamond Hl --s
THREE NEW MUTUAL LIFE ! IN -.srs1 Loan
Edwin 3 Marston, president OF the - Phils-
and Trust Company: Wayne MACY easn; - Cahinet
dalnhia who was Attorney General IN tn AS
oe President t;arneId. and James NJ Beck, ..sa
sistant United States Attorney tIehe'a-, tIe.s Com
elected trustees of the Mutual Life Insura"'0
pany OF New York - "a
COPPER PRICES LOwER-Ihe e euotats' Isers
ALI grades OF copper on the Metal ENehane ENesIss-say
reduced r. in the bid and asked pf'0'
CHICAGO CLOSING sToCNS' ,,-.