New-York tribune., 1908-12-24
TOPICS OF THE STREET.

FOREIGN TRADING-Fore1gn houses dealt in
1000 shares IN the local market. evenly divided
In London the general market was firm. Consols
were higher. but foreign bonds showed q heavy
tone There was no especial response IN the
American department to the activity on the New
York Stock Exchange. There fairly active
demand for money at the British capital though
rates were remarkably easy for the day before
Christmas Eve with the settlement approaching
Gold TO the amount Of f2n0GOO was engaged in Lon
don for shipment Argentina.
DIVIDENDS Observation-Disclosures have been
declared as follows: The Consolidated National
sank, regular serui-annual per cent. payable
January s; the East River National Bark regular
sernt-annual per cent payable January 2; the
Audit Company of New York regular annual
per cent on the preferred and 10 per cent on the
common. payable December 81; the John B. Stet-
son Company, I5 per cent on the common against
10 per cent six months ago and the regular semi
annual per cent the preferred: the American
Bank Note Company regular monthly ! ner cent
payable December 30; the westchester and Bronx
Guaranty Company, seuli-annual 2I2 per cent pay
able January 5; the Empire Trust Company, regu-
the Windsor Trust Company regular seui-annuai
per cent, payable December %; the Northern Sc
the Bankers Trust Company. regular Quarterly I
Per cent, payable January .
AMERICAN TELEPHONE AND TELEGRAPH
A special meeting Of the stockholders OF the
be held on January in this city for the purpose
Of voting on proposition 70 increase It's capital
stock by oooo-from $3.50 600 900 x3oG 600 ooo
The purpose Of the new stock issue is to cover the
additional $5oOo000a convertible bonds which
recently sold Although the company still has
some unissued stock. the amount is not sufficient
70 take care Of the bonds should they be offered
for conversion. and the increase in capital will
provide for this
APPLICATION TO LIsT-The Chesapeake &
Ohio Railway Company has applied TO the New
York Stock Exchange TO list S2.2500Co Coal River
Railway Company per cent bonds, due in 1945,
and S250,a0 general mortgage "a per cent bonds
due IN 1892
NEW DIRECTOR FOR BANK OF NEW
YORK-Henry D. Cooper OF the firm Of ). F.
lie & has q
Bank OF New York. y. 3 a, 10 i'll a vacancy
CHEsAPEAKE & OHIo.-subscriptions received
yesterday for the new Chesapeake & Ohio Railway
funding and Improvement twenty-year gold bonds
were SO heavy that J. P. Morgan s. Co and Kuhn
Loeb & Co announced that they we're unable 70
receive any further subscriptions
COTTON EXCHANGE SEATS soLD.-The sale
OF Cotton Exchange memberships IS announced as
follows: G. H Wilson to y E Selar. for Sle500,
and A s Dunbarte TO J S. Bache, for No5o0
RUTLAND DIVIDEND PASSED-The directors
OF the Rutland Railroad Company have passed the
IL per cent dividend on the preferred stock
REFINED SUGARS LOWER-Au refners Of
sugar have cut the price Of standard granulated
ten points 10 basis OF 400 cents less per cent
PIG LEAD L0WER-Tne American Smelling
and Refining Company has reduced the price OF
pig lead ten points, from 80 TO 40
SECURITIES LsTED.-The following securities
have been added 10 the Stock Exchange list: ST.
376. goo first mortgage per cent sinking fund cou-
pOn bonds Of 1880 Of the Union Bag and Paper
Company, SI.s41,000 first mortgage sinking fund
per cent bonds OF 1881. $3g45,8G0 per cent non
cumulative preferred stock and S5,S16 500
STOCK Of the United States Reduction and Refining
Company; S444 400 additional preferred stock The
American Agricultural Chemical Company, Sl.60I-
900 first consolidated mortgage per cent bonds Of
the Minneapolis, St Paul & Saut Ste. Marie Rail
way Company, $1.326 600 additional first refunding
and extension hfty-yeaE per cent bonds Of 1856
Of Wabash Railroad Company, $4,000 900
TranscOnttnental Short Line first mortgage per
cent ffty-year bonds Of 1853 Of the AtChison To-
peka & Santa Fe Railway Company, 100000 Potts
Creek Branch first mortgage per cent coupon
bonds OF 1916 Of the Chesapeake * Ohio Railway
Company and 10000. 600 per ten-thrty-year
Panama Canal Loan coupon bonds Of the United
Srates government.