New-York tribune., 1908-06-12
INVESTORS READ
The Wall Street Journal
TOPICS OF THE STREET

FOREIGN TRADINC.-Foreign houses dealt !,
5000 shares in the local market, all sales In Lon
don consols were somewhat heavy. The coups-
shares were strong and the general market drI
and firm The f0rtufghtIv settlement prorasdsf
without the development Of adverse features m,
Bank Of England made strong return and 10
change was made in the minimum rate Of discount
The open market rates we're easy and Il vas
Thought the bank would he compelled 10 rsSre,
its rate before the end OF the month 70 per cent
the lowest level since 1881
DIrNs CROP REPORT-Dfspatches 10 Dun,
Review from branch Offices Of P G. Dun Co
situated in the principal farming sections. ind-
cate that the leading crops are making much bet
ter than average progress the only drawback being
continued heavy rains IN the Southwest that have
caused some damage and retard planting Of corn.
A certain amount Of injury has resulted from foods
although this difficulty is only experienced over
cornparativeIy small area a. compared with the
total acreage planted in the crops affected Both
corn and cotton have had TO he repanted to some
extent and some farms are still under water Ths
harm done in these cases cannot be determined
until the water reCedes, but in many Instances 70
loss will result Although averaging late, most
Of the corn IS now planted, and reports ndzs
that the grain that IS above the ground looks vel
Excellent reports are received regarding wheat n
dications pointing 10 an early crop. and the only
fear is that heavy rains VIII continue long enough
TO interrupt harvesting. Thus 1ar however lne
winter wheat is making good progress. and Norrn-
western sections send encouraging news OF spr1ns
wheat. although warm, dry weatnr s aso nseaSa
in that region Oats and hay are growing rssMS
and the miner crops are well above me a'7lds-
on the whole.
CHICAGO GREAT WESTERN CIRCULAR
Copies have been received in this city Of eIcl-
lar issued IN London 10 the holders OF 1he : pr
cent debenturc stock Of the Chicago Great @ Wss.
ern Railway Company This committee , eoHSs
of Robert Fleming. chairman. Stanley Z bol.'e,'
Walter CunIiffe, L. 3. SChleslnger ana ,i hehIy a
Vernet. The attention Of the STOCKHOLDERS : 80 -.
in the circular to the appointment some Htue -
ocro ~
Union Pacific Railroad Company, as an eAp1.-
make an inspection OF the property and - ,r 80
report upon its physical and financial SOHA''"
DIVIDENDS DECLARED have ossa
declared as follows: --<oian COMPANY -.
quarterly 12+ per cent on the preleIreut Ye..--fv
June 80; Electric Boat Company regular q111s 49,
per cent on the preferred. payable july ., 80 ~,
inghouse Air Brake Company regular qua-t.-s ,,rs
per cent. payable July 10; United OTas TEiv Il;
ment regular quarterly per cent. payabie '1' ~
THE STEEL CUT.-In reference to the tgt.,-r q. n
steel prices, Rogers, Brown & Co say. -; -Sa.,
one in pig iron circles feels a sense OF relsI .
the readjustuent has come. While the at-e't. -
the larger interests to MAINTAIN prices s W. 1rsr.
oughIy approved it was realized tLldl - lI1E -
getting no share of what little business me slIo -srss
because certain manufacturers were shade 5fors
right along. 1t Will be Two or three WesAs ~,
pig iron interests will feel the erectS Q. ~
and. after all, the effect will be mainly seli'--@
STOCKHOLDERS APPROVE LIQl iDai3S,. ~ Ns.
PLAN.-The plan for the liquidation o. - 4sssts
tional Bank of North America throuSh '.1 C-r-
Realization COMPANY. of PhIladelp lphia i y 1-y,
ed. has been approved by practlcaliy an u S,cEs-
stockholders Of the bank, Including '"7
booker Trust Company.
TENNESSEE COAL AND IRON-Tne M - -Sa. a1-
last payment of % per cent upon the recelc snI
600 common stock issue Of the Tennessee CV -rb.
Iron Company Will be made next M~'4Ias, ~ sub-
first payment Of 20 per cent was mace utu ,, hzy
scrfptiou Practically all Of the ne" y-,o-a-
been absorbed by the United states s'ey' bo,ds
tiOn in exchange for United States o'eV-
CUSTOMERS ACCOUNTS IIGHT.-A car ean,@S~ S,,sss
a number Of ordinarily active cou1I'lSS49 -.,rs-
shows that the stock open 70 customers = -, tbs
than az anv time since the liquidation aluSl, aluSl ~
panic. Such houses are not carrying - pe-
their capacity
COAL. AND IRON BANK DIvIDENp-Ln1ts L1t-..gir UcJ-
and Iron National Bank has declared a Q-s .@.ts j.
dividend of 2fs per cent payable @ Ju.y -, ats and
an increase Of 1 per cent on the dd'tl'r'''
puts this stock on a 10 per cent OASIS
ATTRACTIVE BOND OFFERINt'-Ja-g,,g' ,,'.r,s-
binO OF No 8 Broad street. offers N lii. ~ -,ort-
ing columns of The Tribune S2oe'u' - Ind
gage per cent thirty-yestr so'd H.'.' ,,-orsd b.
ana Natural Gas and oil Company CON-, n
tbe peonIs,s G,s Light and Coke lnpa4i;s, ;t,sr
Chicago These bonds are guaranteed y . ~. and
company both as t. principal anu t' ~, h,sr as
they are generally considered among ~ - o~sred
mortgage issues on the market 80 - viii We'd
at S7ia and interest, and az 'Ha' a., one II ths
nearly per cent Mr. RUhno, VINO = - street..
Oldest and bsst known bond brokers IN tl.e bord
has the reputation of never haN'l7 ,s~,,-s5 on ts
of aDv con,Danv that subsequently uela,' - h1uCy
interest navments. The fact u'7' - nv ths
which he is now Offering are Sual' ,6ieb com
Peoples Gas Light and COKE |V''.s, ,t.aro makes
trols the gas lighting business -
iaITy Sefa