New-York tribune., 1908-07-14
SaUi'lgs Banks.
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses We,
moderately active buyers in the local rlarks,
taking upward of 10000 shares The heavss,
operations We're in Union Pacific and the uu
stocks strong bull point was reported On ~.
Hill issues in London The general market 4,
the British capital inactive and firm z-ts
strength in the American department. In IA.
fortnightly settlement the Contanso on America,
issues from . TO "a per cent Joint bsak
loans to the Stock Exchange a rule were mass
at ? per cent. Z OF per cent below the Bank a,
England's minimum rate OF discount A MOD
erately large bull account was disclosed at h.
carry-over.
CINCINNATI. HAMILTON & DAYTON BOND
NOTE EXCHANGED is Officially, an,on,oaI
that more than so per cent Of the per cent -
funding mortgage gold bonds Of the Cincinnati
Hamilton & Dayton Railroad Company have be,
exchanged for the five and half year purchas.
money per cent gold notes. maturing July I
1913 under the arrangement made between the
company and the committee of bOndhOIdeTS. James
y. Wallace. chairman These exchanges may b
effected at the Central Trust Company Of New
York. No 81 Wall street. in accordance with the
terms of the committee. advertised on april >
The privilege Of exchange viii expire on Wednss-
day, July 10
HANDBOOK OF SECURITIES.-Th sen1i-an-
nuaI number Of the Handbook OF Securities issued
this week by the publishers Of the Commercial
and Financial Chronicle" contains monthly
range OF prices to July OF stocks and bonds sold
at the Stock Exchanges in New York Boston
Philadelphia. Baltimore. Chicago and Pittsburg
There is also yearly range OF prices for bonds
and STOCKS SOld on JlS New OK STOCK EXcnelgs
for the last six years, and a yearly range FOR
three and a half years of Boston and Philafelphis
prices. In addition 10 the tables OF prices. ira
book contains elaborate tables with details Of
securities. together with the earnings and hIsd
charges of the respective companies. and showing
nearly practicable the surplus available 20
meet charges and dividends There is tabs
of dividend payments for six and half years
UNITED STATES STEELA-The United States
Steel Corporation. according to an official state
ment continues TO operate about 55 per cent
of normal which is an increase Of about per cea
over the previous high record in the current de-
preston. reached in March. IL was not many weess
ago that the corporation was operating its mills %
the extent of about 40 per cent OF normal A rep
resentative Of the Steel CORPORATE ton says that bus
ness has shown a very satisfactory improvement
although there has been sensational inrush dt
orders. The consensus Of opinion in steel circles
is that gradual Improvement in conditions IS now
under way
UNITED STATES RUBBER-The shipments q
the United States Rubber Company in the month
of June aggregated total equivalent OF 80 per
cent of what they we're in the corresponding month
of last year This is the best showing the COM
pany has made in the current depression. At ons
time shipments We're down TO around 30 per cent
Of normal The ooIlections Of the company reveal
a great improvement. being considerably oetteE
than at this time year ago.
AMERICAN STEEL FOUNDRIES-BoOks OF the
American Steel FOUndries Company close to-rnor-
row for the transfer Of the common and preiefTel
stock and the deposit certificates issued Dy tA'
Guaranty Trust Company in accordance win uS
plan of REORGANIZATION approved by the stOckhold-
ers. The ratio Of exchange is as follows E-ioh
share of preferred is entitled to 81 par in hsw
stock. $50 par 4 per cent debentures and - ca'A,
each share of comElon stock is entitled TO 80 pa
stock Scrip will be issued for fractional SHARES
Of stock and debentures-
UNITED BOX BOARD--It is believed an as
sessment Of every share of the United Box boaa
and Paper Company prOpOrtiOnately TO raise -
900 900 Is being considered and is favored oy %
heaviest stockholders. An assessment OF >. q Si. ,
viii be sufficient 20 lift the reCelvershlp. Inc -
on the Chicago Stock Exchange of conatei@- -,
curing the $4,000 note held by the American -
COMPANY will be attacked vigorously v,
FIFTH AVENUE SAFE DEPOSIT COAfA'- -
The Fifth Avenue Safe Deposit Compohy. y.1lysf
troIIed by the Second National Bank. has lnS.-.i nti
a new armor plate vault made oy '-T a--ro-
States Steel Corporation This IS tAe oI.s s tIsn
plate vault in New York north OF Ile ~ - in
The company is row in its enlarged aGiI a.a-
the Second National Bank building. at i-i''
and 2Sth street -.1srzs
SUR-TREASTrRY DEBIT BALANCE-Ilnres.-, me-
debit balance of the Sub-Treasury al the ssavv
House yesterday Of S.. .425.2SS was due ~, 10
general disbursements by the goveInHerS - The
postoffice warrants for the transport 49, 49,
mails and national banknOte redeulp t-o-9 -.,..q,
CHICAGO GREAT WESTERN = rst y
Great Western has not discovered the eI,ctior
reducing expenses to conform with l'S - g-oss
in gross earnings. In the month OF sas Us de-
decreased S179.S57. while operating 49, eAp s447l.
creased only $S.6f4. leaving net eaIiiies .az for
against s1SO714 in MAY. 1907 tXpe-s ls-
eleven months increased S23S.l4l. WHii0
creased SSI5.331- -rs d.
HONESTAKE MINING DIVIDE L,,,y- rave
rectors of the Homestake Mining ConpS..S3 ~ csrts
declared the regular monthly dividend u
a share. payable July 25.