New-York tribune., 1908-07-01
TOPICS OF THE STREET.

shout 10 900 shares in the local market, chiefly
TTnited States Steel, the Copper shares and Union
Paciac In London the general market was quiet
at untmportant price changes Consols were
fractionaly lower. Money was easy in the Brit
ish capital. but the demand for gold from the
Continent served 10 give the market somewhat
hrrner tone. Paris is accumulating gold for a
Russian loan Discount rates showed no inpor-
tant changes at the foreign capitals
DIVIDENDS DECLARED. - Dividends have
been declared as follows: American Glue Com
pany, regular seuli-annual per cent on the pre-
fsrred payable August l; Chicago G. Western In
diana Railroad, regular quarterly y per cent,
payable June 80: Philadelphia City Passenger
Company, semi-annual 3 3, payable July 10; Butte
Electric and Power Company, l Z per cent on
The common, payable July s; Continental Zinc
Company, ! per cent, payable July l; Chicago,
Burlington Quincy, regular quarterly per
cent payable July !; Manchester Traction, Light
and Power Company, OF Massachusetts, regular
quarterly ? per cent payable July Is; San Carlos
Mining Company. monthly ? per cent, payable
July 20; Edison Company, of Boston, regular
quarterly 2l5 per cent and per cent extra, pay
able August !.
MISSOURI KANSAS & TEXASS CHARGES
Some misrepresentation seems to have resulted
from the publication of the Missouri Kansas &
Texass income account for the fiscal year 1908,
May and June estimated in which there was
Shown an increase in fixed charges Of S1,396 6e2
over last year This increase is more apparent
than real, and is entirely due 70 the fact that
( under the new system Of accounting taxes are
included under the head Of charges. whereas in
previous years they have been added TO expenses.
Attention is called TO this fact each month when
Inc roads earnings statement appears. Accord
ingly, there shown in the income account
decrease in expenses for the year Of practically
ne same amount, or Sl.475.450 AS a matter of
TACT the Missouri. Kansas & Texas has not added
dollar 10 its interest obligations since the close
Of last year
PENNSYLTANIAS EARNNGS.-NIay earnings
o. lhe Penlsy lVanIa Railroad its lines east Of
Flitsourg show 2 loss in gross of SO, 600 and
loss N net of S73Sot, making the total loss in net
since January S298S.500 On the lines west of
Fttsburg gross earnings decreased 1881, 600 and
@ net earnings decreased $4,000, making a total
loss IN net since January of s2,G07.2 The
tHe system Of lines directly operated shows loss
81 - ,S sg In gross Of $667o4oo and loss in net Of
tlo-6,soo From January the loss in gross has
Neeh s-Z,stt,2o9 and in net $5,230 coo.
SOUTHERN RAILWAYS EARNINGs.-The
Asy report Of the Southern Railway shows gross
-.ss Of S362-,53S. decrease OF s1.1sS4 40 from
sne Ile sane nontli last year. Through heavy
"01oA II operating expenses none Of the loss in
Gross was shown in net the latter increasing sI0-
90 Fer The eleven months Of the fiscal year
sIoss earnings amounted TO S4S,e69,055. compared
w. s5-.g-ieSs N the corresponding period in the
tneeeolag year. while net earnings in the time
e s-V''9s,4Sl, loss Of s722.635.
If-t-AI NORTHERN DTvIDEND.-The directors
= 1.-e 0reat Northern Railway have declared the
$50. quarterly dividend Of Ia per cent payable
-S Ss1 J. Regarding the dividend the company
Hl-olaces that stock scrip shall receive the dvi-
-. - Inverted into stock on or before August
,,... ms dividend shall apply TO the company's
stool
9 oo9cZ &Hd shall be paid 10 the holders Of the
Ns'pls OF record Of July 9.
AMERICAN STEEL FOI-NDRIEs-The amend
- cstoncate Of Incorporation Of the reorganized
i'cSA Steel Foundries has been filed IN the
ice OF the Secretary Of State Of New Jersey The
-t1@I STOCK q the company is S17,1S4 coo, OF
~ ~ eass The old stock, aggregating So, $50. 900
- - - -I-eF-ed and common, has been cancelled The
h heH company also has an issue Of per cent de-
-: The debeutures are selling around As.
% mane he new stock when issued, is quoted in the
ma FJyaF Nam
lhe next few day-s ''''-'
OCULAR ANACONDA DIVIDEND-The di-
6eci 6.s't O. The anaconda Copper Company have
rs &c TIE regular quarterly dividend Of SO cents
r. 's payable july l5- Including this payment
~ ooapany has paid in 1908 per cent against rs
cs,, e' N ne twelve months Of 1907 and 1919 per
va. - =. 1soe, Dividend disbursements last year
49, e|eeoooe against 81 500 600 so far this ysar
-p1'oolrg the dividend just declared
.AMAJGAMATED COPPER &c au+boritat ti,,sr,,
per IS at ne estimate of 100000 pounds of cop
~ % the production Of the Butte district in the
II OF June is far below the actual outnut
,1oS put IN the first three weeks of the current
iotal , YES IN excess Of 100000 pounds and the
80 - production for the month viii r1,n close 10
eiyD pounds. The fumes from the Anaconda
,,scn which has been raging for the last nineteen
he a.. @'e now under control and production will
" % normal within the next few days
NORTHERN PACIFIC PAYMENT.-An install.
et o. l2'z per cent IS due or Northern Pacifc's
stock tomorrow. II calls for 81 625 600 which
@ ssn ne amounts already paid in. gives the com
IahT total OF $50 80 g. The total issue is so3
- -, y ana the two remaining inst-lments due
-" 'etoper J. 1905. aad January /, 1909.
/" ALL STREET MEN GOING ABROAD.-James
c.s3ey. 3ey. ffst vice-president OF the United States
NJ corporation. sails for Europe to-day. John
80 satss VIII 90 abroad next week, Charles
cssA' oi Lazaro Freres & Co, viii sail on the
I,s,'e Is.''e Tomorrow. John Il. Davis, OF John II.
-'11is d Co, will sail for Europe next week.
ses5aasS I5asoARD AIR LINE.-The receivers of the
An Line have ordered z 600 tons of steel
tte lor Delivery within the next six months from
'"e Maryland Steel Company
c,'....K ,saocK EXCHANGE SEAT soLD.-A Stock Ex-
lss seat has been sold for $4,000 This price
SonnpaFes with $1,000 the last preceding sale
So --1>LSAN CEATRAL.-The readjustrnept man.
t., t. 81 % the Mexican Central Railway and the Ma
- .asl--oad Company OF Mexico inform holders