New-York tribune., 1908-07-11
SaUings Banks.
TOPICS OF THE STREET.

FOREIGN TRADENG-Foreign houses traded 8
about 201o shares of stock in this market selling
1000 on balance. The sales included United States
Steel. Union Pacific and Anaconda American
stocks in London were reactionary with the United
States Steel issues showing the greatest strength
There fair activity in Americans the cro,
with decided price tendency The general mar.
ket IN London inactive and declining.
DIVIDENDS DECLARED.-The directors Of tas
Federal Sugar Refining Company have declared ths
regular quarterly dividend OF 11s per cent on It's
preferred stock. payable August 3 The directors
CT the Grand Rapids Railway Company have De-
clared the regular quarterly dividend Of IL PEI:
cent on the preferred stock. payable on August
MOVEMENTS OF CURRENCT-Ths repor-sa
movements of currency this week indicate a gail
IN cash held by the banks of 81 99s5l1 The hanks
received from the interior S76Ss1 and sent TO ts
interior s. 166. 40. including &56200o national bans
notes sent to Washington for redemption The gain
from the interior S2,443.500 Receipts OF new
gold were $. So. 40. namely: On New York assa7
Office checks, $. III 500, and Seattle assay oncs
. checks. s2,424sd0.
VALUE OF COUNTRYS GRAIN CROPS
President Wincheu Of the Chicago, Rock Island
Pacific Railway estimates that taking the report
of the government of Wednesday and the marAs'
prices of yesterday. the grain crop Of this country
will yield TO the farmers S,690oooeo Which, 40
points out. is larger than for the last re" Yeas
during which the value has been around the $-"'-
100000 mark. Mr.. WinchelI calls attention 70 tas
fact that more than one-haIf OF the money VII -
released in the states served by the INES OF 'Hs
Rock Island system.
STEEL CORPORATIONS UNTITLED TON
NAGE-The untitled tonnage of the United Sta'es
Steel Corporation the close OF the second quar-
ter. it is said. showed the smallest SAI4ls9s
since orders began to decline. toward the emu -
1906 The quarterly report Of the corporation. 20
be issued this month. viii show about s.0VVV'.
tons of business hand, decrease OF ap,I-
250. 900 as compared with the preceding quarter.
On December 81. 1907. the untitled business on rs
books aggregated 4,642,552 tons The hlgn reeoI.
December 81. 1905. when S.4Ss.'IS @ 20
was reported The smallest untitled tonnage ~
reported was for the quarter ended SeptemoSI -
1904, when only 5.027,456 tons were on tns V'0N i
EXTRA DIVIDEND on UNITED FRuIs
STOCK-The stockholders Of The United IT,. .
Company have voted TO increase the capital So $50
from 100000 600 to S25,oOO.000. and have spp0-s
the declaration Of extra dividend or " Pea
cent. payable on August l.
GRAIN EXPORTS OF THE WEEK-8raa'
streets reports the exports OF grain for me 49,
with comparisons. as follows, Wheat. Hour incluI
ed 21S1-S2S bushels. against 2AoS5S9 tsst sf se
and 3.264.714 in the same week last year. ns nsSas
year 10 date. 7sO. .3aS bushels. against 5SoSc-'
in the corresponding period year ago -. -
45.564 bushels. Contrastsd with 1859 last w. 49,
and 1.411675 in 1907 For the fiscal year 20 oa-s
s4.113 bushels, against 2s22479 in the sa"'
period year ago.
HAVANA ELECTRIC'S PREFERRED ~ -
DEND--An official of the Havana Electric - -.
way Company says that the directors recenuS -
ctded TO wait for actual figures for a given que.
ter before taking dividend action. and that -
decision is the cause Of the delay N ts...s tns
nouncement OF the dividend the prers"
stock. which was expected about month age
CONDITION OF TRADE.-'.Dun's Review sav.'
Further small net gains are recorded IN eon1msE- -
cial progress favorable reports predo 4,
though the tendency is by no means dennlte, n
many lines OF trade the duness Of rnl1Seil.ses
unusually intense, but each week brings
manufacturing activity and instances are 80
OF orders for fall goods placed late for &C. "a
at spec1ned dates. 1t has been expected - 1S,nli
procrastination Of ultra-cOnservattve buyers sr,
bring about this condition but producers, 4
equally cautious regardinv the accumulation =
stocks The result promises to BE- a laiSe -NSI,rs
In activity VI consumption regains noTl. ..rtef Z
IN the coming autumn. II gensral| - bass
agricultural prospects maintained On .-nstcass
OF the government report for July / an1 Ss+ data
Railway earnings thus far available tol 'Sb 'S;tb 81
decrease of IA per cent as conlpareI Ina ne
latest fortnishtIy statement OF idle freisns 4
shows decrease of So. 10 FOreish tu- a gsi1
this port alone for the latest wees s5 as in Ir-
OF SSoo,5SS in exports aud a loss OF 49, last yest
ports compared with the same NeeA @ ssrscslg
Textile mills are still curtdllnS ops,t outp IS notss
in New England bat gradual iInpFos,s ,- Tor cotto1
in departments Primary nlarKSSssS So j,alIeness
goods are quiet, the usual stock taAlhS t, rsuurs-
being felt. and buyers do not ahIlop
ments-
''Bradstreet's'' says;
industry. but the advance OF the season ana
promise of good average crops haVv - ,,rcOns
tne Leehns oL cChhGece a. t, ~ vi - nroved an ~
or future fan business This mas p.' y ssV whole.
centive stimulus to business IN . AS Scsaraets,
sale lines, notably raw wool OF stap ~,s5 hrfnef
leather and lumber. which are ain Al epn'ssrvasn
this week and more active. StiI SOooiltical de.
based upon the wish to see crop anu ana INV nsrxsi
velopments in "a clearer light prevents a FIllag-
increase OF fall business in general b,t srnait
in orders from tobbeTs are numerous locks s1a
retailers have rather earlier than EsnaL, Esn,g 80 -
force reductions as a means OF
suniDft~-