New-York tribune., 1908-06-25
WHEAT.
TOPICS OF THE STPFrr


FOREIGN TRADrNG-Foreign bo,,a- -
only few thousand shares in the local 80 r,a. "a
selling on balance In London the general rat,
were quiet and the fortnighty settlement n-as.g
ed without disturbance. The contanzo or s7eo- S
lean issues in the carry was from Ts amer
70 "a per cent The banks charged 21[ us- -. -.
on STOCK EXCHANGE loans Discounts r. the o1sr
market were unchanged. Berlin disc~nnts - -. ogeh
trife drmer- The Paris rate was uncbs,.oI
MANHATTAN RAILWAY BONDs-T,s ".
haitian Railway Company announces that -. ,an- s<a
$4,000 Metropolitan Elevated Railroad 60 '1'-
first mortgage per cent bonds. due july Tsos
will be paid on that date and also caIIs s.. :, a'a
to the announcement made by Redmond q g. on xo
80 Pine street. who have purchased IRE yr,.s'..eo .eo
Railway consolidated nov frstl roo-,,-a aetan
cent tax exempt gold bonds issued for me r.! Hs'
ment Of the Metropolitan Elevated s pA- 80.
bonds, offering holders Of the same the urvgra.
exchanging their maturing bonds for the Mass..
tan Railway Company Is. The bankers -r-.ae. ,,....S
these bonds are a first mortgage upon fbs go. as
property of the company. and that thew arc -
investments for savings banks tr11st s,1-S- esds
trustees and exempt from taxa-for -. - -
city and state OF New York. evidenced bv a.
Endorsement on each bond. The bankers a. - a.
ing the Manhattan Railway Company consovS...s
(nOw frsD mortgage I per cent tax exennpr 80
bonds in exchange at a price Of g. and announce
that holders of maturing bonds desiring ~ -
change will receive 81 go Manhattan Ra.Iu1sv g,
, pany consolidated now frst) mortgage uA- rs-,
tax exempt gold bond, 80 in cash and adiustr,sn,
of interest 10 July l each bond.
SECURITIES LISTED.-Tha following sao,,-,..
have been added to the Stock Exchange IIst ~
ternationaI Paper Company additional first co--
soIdated mortgage per cent bonds IN ~.
amount of SO OO0 $4,000 additional frs, co-soI
idated mortgage per cent bonds making the tofsI
listed S3.8170s1 Of the Denver & Rio Grands PAL
road Company; s. 09000 additional first consods+ss
mortgage per cent ffty-year bonds making the
total listed ST. s.o90 Of the Chesapeake q oso
Railway Company; $4,000 additional first general
mortgage per cent bonds. making the total Iis-ad
s24 5f3 001. OF the Wisconsin Central Railway Corr,
pany: S1200006 capital stock OF the Buttertck Corr
pany; S201,0OO additional first consolidated mort
a.
s14.694000 Of the Brooklyn Union Gas Company:
s16O00O0O general mortgage per cent coupon bonds
of the Chicago. Burlington & Quincy Railroad
S750. 600 additional refUndtng mortgage per cent
ffty-year coupon bonds. making total listed l070-
COO of the Iowa Central Railway, 100000 twenty.
fve-year per cent coupon debentures OF the Nes,
York Chicago & St. Louis Railroad Company and
100000 per cent non-cun1uIatve preferred stock
and s11001 100 common stock Of the American Snuff
BTTTERICK CODIPANY'S EARNINGs-rhs tn-
come account Of the Butterick Company for 1907
shows profits OF S259.5T, compared with Ss05n in
1906 and 500 AIS in 1875 The deficit last year after
dividends was 300 go. against deficit in 1905 Of
s119.4s and a surplus in 1916 OF Sl5.E& IN 1872 tss
company's profits were $726.S1 and surplus a6.S-
but since that time there has been steady decline
in both items. The book surplus account on De-
cember 81 was S73452 Current assets are placed
at s2214.905, including sl00,3G in cash These as-
ures were given yesterday in the companys az.
plication list its S200o stock on the exchange.
The application approved.
DIVIDENDS DECLARED-Dfvdends have been
declared as follows: Mobile & Ohio Railway
semi-annuaI H. per cent. comparing with semi
annual 213 per cent in the last two years; Game
well Fire Alarm Company regular quarterly -
per cent, payable July L; P1ttsourg' Clncnnau.
Chicago & ST Louis regular senl-annaa. "a psf
cent on the preferred and per cent on the com
mon: International Paper Company regular guar
tery per cent on the preferred, payable July loi
Garfield National Bank regular quarterly per
cent PAYABLE June 80; Arlington Mills rezuIar
serni-annuai per cent. payable July s. hddio
Telephone Company regular quarterly per Ssn.
and an extra 2 per cent. PayaoIe Juls -.,So .. 10
York and New Jersey Telephone COMPANY rssN1s-
quarterly 134 per cent. payable July d. anu Wv
York Ontario & Western regular annuai p7F
GOLD EXPORTS ABOUT OvER-Ths opinion
prevails in international banking and Goreisn sx
change circles that the movement or goa 70 Gu 1.
rope is about Some Of the larger OF ZIG .~ =
ternational banking houses. which nave oeen i n.a
shippers of gold 10 Germany recently snho4D.s -
yesterday that thes will forward no goiu oH '"'
German steamer sailing today !
OFFER To NEW YORK. PHILADELPHIA .
NORFOLK STOCKHOLDERS--Ih diTectoLs dS -
the Pennsylvania Railroad Company at tner me- nse.
ing yesterday authorized the purchase OF ne o1
standing stock of the New York PhladsIpha ..
Norfolk Railway Company, payable IN = pJ.I poa Jsa
forty-year trust certificates guarantees p -
and interest by the Pennsylvania RdlIIuau -
nanv on a basis of $1,000 Of trust certncates I1
each $1,000 par value OF the New YORK FI.IaN I *
phia & Norfolk stock The offer Is open ul'1 ~
gust L . .r
EXPECT To PAY CHICAGO. PEORIA 81.
LOUIS COUPONS.-Interest on the Cnlcago, Z [eO-. -
& st. Louis consolidated IS. due last Jahd = ,Lsr
mains unpaid. There is reason for oeheFIns -
the company will pay the overdue coupons - CIV
July l and thus avoid a recelNeISiAp' - a
months delay is allowed by the mortgage Oe1'-
receiver can be appointed.
THOMAS OUT OF UNITED STATES - -
IRON PIPE.-At the annual meeting or tle $50 $50
holders of the United States cast Iron Flpe % rs
Foundry Company two changes were lnaug me si5srt -
of the New York Edison Company, was etsGJo- |ys
succeed E R. Thomas. and John Arthur G,@, mas9,,
resident manager of the company D1i4--7'
plant, elected to succeed G. T. D~lA7-
THE PENNSYLVANIA COMPANY DIVID..--I
LOwER-The directors Of the Pennsy wanna ,ris.
pany the operating company for the Fellhss- , an.
lines west of Pittsburg. have dec!arTu 60 q N This
nual dividend of per cent. payaoe tbs 49, szo
is a reduction OF I per cent from six mon'HS -
DIVIDEND REDUCED.-The directors l,.rnI VL ~
Electric Storage Battery Company nave - 80
quarterly dividends of three-quarters Of per GEM
on the common and preferred stocks PdyagI'' sSorS
l. This compares with l per cent on can 80,
three months and 1]4 per cent SIX noi'H' -.
IRON AND METAL TRADES.-'The lrOn As
says: -.
There is slightly more cheerful nsnEs tone ~ IN
steel ,ndns5ry: due 70 the rrsr and that spssi-
fcatons coming in a little more 3IeTly Sr "a ir
general Ouife n fsir tonnage Of foundry and g pas
pig iron has been purchased in New EngAaS NJ i'm
provement In the central West and IN SnicSse s
district buying Is rather light. and Wnns tTirIIIe.
there are a few who are stin willing % maze a5Sspd
cesslOns in order 10 place metal In NeS N,,{-T IRON
interest has bought 1000 tons ot LSr;a sales
at close prices. while IN Eastern FeIl Ssan made
basic pig aggreSatinS 1900 tons h3Ne -. vfch
SIS % delivered one large cosellsilIr az j-on for
recently placed 10000 tons or tGunnSs q nUartity
Buffalo delivery sti has nearly as large 80, frorl
to place for Eastern works. ana SO = - ipIists arc
hand 20 mouth in the mean time. -,arkst for
very dull. There is inquiry IN tlS ~ ll' .oronapy
600 tons of small biliets for horSesOe - yreat-
for delivery at Chicago and IN tne Et S rsl trade
er part going TO the former district Inc ara con-
continues very quiet SO far as new t or 6OS tons
cerned American mills secured ony - -sns-
OF the large tonnage recently pL+ceu Sas not
dian roads. The Grand Trunk tSarOS'Sl - con-
yst alotTed its reouirernents OF which more Si.
sidera hIe share is likely to come 10 works Oh 49,
side OF the border"
The Iron Trade Review says: -,
Continued activity in iron and steel bars. ppas
bsen an encOuraging feature of the week ShH So-tss
dcations are not lacking that considerable yxsy
for Of euupment and maintenance