New-York tribune., 1908-06-10
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses dealt In
$4,000 shares I'm the local market. selling 90 900
shares. In London consols heavy but the
general market moderately firm. except in
the American department. in which losses were
the rule. Liquidation OF American issues appar-
entity was incident to the beginning Of the fort
nightly settlement to-day Money continued easy
at London and Paris. while rates at Berlin re-
mained stiff. The slow restoration OF normal con-
ditions In Germany is the only disturbing feature
of the foreign stua ton. The Continent sold Amer
lean stocks in London yesterday Bar gold was
higher at the British capital Paris secured all
the South African gold that offered In the
London market.
DIVIDENDS Observation-Disclosures have been
declared as follows: International Silver Company
quarterly per cent the preferred PAYABLE July
IL Mount Vernon Trust Company regular quar-
tery 2 per cent. payable July 1: Bowery Savings
Bank semi annual per cent. payable on and after
July 20; National Surety Company regular quar-
terly per cent. payable July /; Chicago, Indian
apos & Louisville regular semi-annua 2 per
cent the preferred and III per cent on the com
mon payable June 80; Mergenthaler IJnotyn.
Company regular quarterly 21a per cent PAYABLE
June 80; National Sugar Refining Company regular
quarterly 1la per cent on the preferred. payable
semi-annual 81 share; National Licorice Com
pany regular quarterly 1i2 per cent on the pre-
ferred. payable June so: Northern Central Railway
regular semi i-annual per cent payable July 10:
Kerr Lake Mining Company regular quarterly 2
per cent and per cent extra. payable July /:
Virginia Carolina Chemical Company regular quar-
terly per cent on the preferred payable July Is:
Colts Arms Company regular quarterly IL. per
cent. payable July /: Otis Elevator Company regu-
lar quarterly l12 per cent the preferred payab.c
July Is.
WESTERN UNION DIVIDEND.-It was report
ed In the street yesterday that the directors of
the Western Union Telegraph Company would de-
clare at their meeting to-day Il cash dividend of
u of per cent. The January and April diyi-
dends were paid In stock. 1t is understood the
earnings OF the company I'm the last quarter have
shown material improvement. more than sufficient
to pay small cash dividend. Until last January
from 1898 the company paid at the rate of . per
cent year. The executive committee of the
board OF directors met yesterday, but no
announcement regarding the recommendation to be
made to the fun board to-day.
PRESSED STEEL CAR ANTICIPATES PAY
MENT.-The Pressed Steel Car Company will
anticipate tIe payment of $500. 900 bonds due Feb
ruary next, i'll redemption of a portion of It's
outstanding issue. The company has decided Il,
pay off that amount of bonds with interest ON or
before August /, reducing the total issue TO ST.
100000. These bonds part of an original
issue of socO0,0O0 made in 1901, 000 OF which
were TO be redeemed annually.
NEW YORK STEAM COMPANY ELECTION
Al the annual meeting OF the stockholders of the
New York Steam Company yesterday the retiring
board or directors elected. except that A
T. Smith WIS elected in the place of James Gardi-
ner deceased. The board organized by re-eIecting
the retiring officers. except j. W. Kennedy who
was elected treasurer in place OF Mr. Gardiner
CHANGES IN THE ERIE STAFF-As a result
OF the resignation OF Harry Huntington, general
agent. passenger department Of tho Erie Railroad