New-York tribune., 1908-09-24
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses purchased
about S5ooo shares in the local market with prac-
aiy tlcaiy no sales: IN London consols were heavy
while outside OF the copper shares and American
stocks the general market was inclined to sell or
improving, however. toward the close Money
in better demand IN London and discount rates
market movements were recorded.
DIVIDENDS DECLARED.-Dfvidends have been
declared as follows: Buffalo Mines Company regu-
lar quarterly per cent, payable October !; Dairy
mems Manufacturing Company regular s per cent
payable October 8; Equitable Trust Company tregu-
lar quarterly per cent. payable septenbersss
terly . per cent. payable October l: New York and
New Jersey Telephone Company regular quarterly
Il. per cent payable October Is; Standard Milling
company. regular seni-annual IL per cent and y
per cent extra on the preferred. payable October
NOT LIKELY To PAY THE INTEREST-Ts
interest on the general mortgage per cent bonds
Of the Seaboard Air Line Railroad Company.
which was passed on April 1. will be IN actual de-
fault unless paid October / but il is understood
that payment will not be made at that date II Is
expected that call will be made before Iong for
deposit OF bonds but no steps in the direction o,
foreclosure are likely 10 be taken untl ffs reor-
gariz3tion plan shall have teen completed and
issued.
MEXICAN CENTRALs DIRECTORs-At ths
annual meeting in Boston yesterday Ct stocEhod-
ers @ or tne Mexican Central Railway Company. 4
WInterreldt, Walter T Rosen. d p Bennett and
George w Wickershan. all Of this city were
elected directors for five years An adiOurnren;
was taken until September 80 when the annual -
port is expected to be ready for submission
A PAMPHLET FOR INVESTORS Redmond
Co. Of New York. have issued valuable pamphlet
giving an abstract of the laws Of Connecticut gov
erning savings bank Investments together with
list of railroad bonds which are at present. IN
their opinion legal investments for savings banks
and trust funds under the requirements Of thess
laws The bankers offer TO send copies OF the oooA'
let upon request.
DISTILLERS' SECURITIES CORPORATION
Directors Of the Distillers Securities Corporation
are expected 10 meet next week to take action On
nd .~fO fnTar roGr in
poratton asserts that the regular rate OF One-naI
of per cent will be declared without question 10
states further that there has been no intention :.
any time or late the part OF the majority OF -
directors to pass the dividend According 70 nln
the dividend has been more than earned the COZ
poration has the funds with which TO meet Il anu ana
the directors have the desire 10 pay IT, II Is az
stated positively that the October interest on ~
Disters SlS990.442 first mortgage convertible - -
cent bonds will be met. These bonds are secured y
deposit of over 80 per cent OF both the common =
preferred stock of the Distilling Company OF Ame.
lea and by the deposit of the bonds OF that eofn2
acquired.
NOT TO OPERATE ITS OWN SERVICES-sgs.
ciaI dispatches from Chicago quote officers OF -
Chicago. Milwaukee & St. Paul Railway Cornpes
denying the report that the company has I
Cided TO operate its express and Cornrnes.
telegraph service over its system after DecsnFa
81. when its contracts with the United states -
press Company and the Western Union Teies''s
Company expire. =
COTTON MOVEMENT -Nfidweck Statements
the cotton movement AT interior towns show -Ss s-
Sl.26l bales were received. compared with ~
bales shipped. This suggests that stocks are ~
cumulating TO the extent OF about one-fourth o.
ceipts. AT Memphis, one OF the leading intstS,
towns. the first half Of the week gave receps
gusta SSs9 bales were received and Shipraeh.ss,-.
5.5ol bales made. showing that Accommodations uas
are more than half OF receipts. AT Houston tss
5lO6S bales We're received. against 42.IS 60 60,
shipped All OF these figures indicate a far asS -,
mutation Of supplies as the volume OF sales ~
first hands advances