New-York tribune., 1908-07-15
BONDS.
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses were mod
erateiy active factors in the local market buying
25 OOO shares on balance. The heaviest buying was
in Union and Southern Pacific. In London the
general market was firm and inactive. Call money
easy at a to 1 per cent. but the demand was
light. Bills were in light supply. Paris exchange
moved against London, while at most other Con-
nental points rates were against the British cap
ital.
wARASH-PITTSBITRC TERMINAIA-The com
rnittee under the for the deposit of the
Wabash Pfttsburg Terminal Railway Company first
mortgage per cent bonds. dated June 8. 1908. J.
n. Wallace. chairman. gives notice that it has
modified and amended that agreement and has filed
the amendments with the Central Trust Company
OF New York and the Old Colony Trust Company.
the depcsitaries. Copies of the amendments may
be obtained from the depositaries or from the sec
retarv of the committee, Franklin L. Babcock No.
81 Wall street.
CANADIAN PACIFIc-Oficers Of the Canadian
Pacific are optimistic regarding the roads pros
poets for the next few months Their views are
based principally upon the outlook for the crops IN
the territory served by the road. II is estimated
that the wheat yield Of Manitoba, Saskatchewan.
Alberta and British Columbia will reach 125OOOOOO
bushels cornpared with 0O0O 900 bushels last year.
Most of this will be harvested during the latter
part of August. The road now has plenty of roll
ing stock TO handle the tonnage. while a year ago
1T lost considerable grain traffic by reason Of equip
ment shortage In the entire fiscal year of 19O6-'07
It's grain business totalled 93.OOo.0oO bushels
NEW COTTON EXCHANGE MEMBERSHIP
following have been elected members of the New
York Cotton Exchange: P. s. Coate. of Coate
Brothers Memphis. Tenn; c. b Barbee, OF c. b
of SkipwIth & Co. Concord, y. c., and James T.
Munds OF Veit. Lyon & Co. No n5 Broadway.
Marshall Geer has been elected secretary of the ex
change.
UNITED STATES STEEI4-The enhancement in
the market value of the United States Steel shares
in the last six months has offset in great measure
the loss suffered by employees result OF the de-
preston in the steel trade In the current year
the employees subscribed TO 5000 shares Of the
United States Steel preferred at S112 The stock is
now selling around 10712 which represents the
stock bought profit of 100000.
NEW YORK. NEW HAVEN & HARTFORD
The last two quarterly dividends of the New York.
New Haven & Hartford have been paid in part. 1t
is said. from surplus account 1t is understood
that there will be no further encroaChments upon
surplus for dividends and that unless freight
should be advanced there will be a reduction in
the company's October dividend
DIVIDENDS DECLARED.-Divfdends have been
declared follows: Railway and Light Securities
Company regular semi-annual $3 on the preferred.
payable on August l: Columbia Weighing Machine
Company regular -seml-annual per cent on the
common and per cent the preferred. payable
July 20. and Western Telephone and Telegraph
Company regular semi-annUal 2i2 Per on the
preferred.
TWELFTH WARD BANK-A director of the
Van Norden Trust Company said yesterday that
dent of the Twelfth Ward Bank. and that none
would be taken for some time come. Thomas
Simpson resigned as president last week
SUSPENSION ON CONSOLIDATED STOCK FX
CHANGE.-The suspension OF V. r Grimwood a
small trader the Consolidated Stock Exchange
announced yesterday Inability to meet con-
tracts was the cause OF the suspension. Mr. Grim
wood was admitted to membership May 13 1905
His office address is No. S3 Water street
UNITED STATES BUYS BONDS.-The United
States Treasurer has purchased 100000 365 District
OF Columbia bonds for the sinking fund OF the dis
trict- The price paid was S112.5O fiat
DIVIDEND REDUCED-The directors of the
Nashville. Chattanooga & St. Louis have declared
a semi annual dividend of 2Iq per cent PAYABLE
August 8 This compares with 3 per cent six
months ago.
AUTHORIZE SALE OF KESSLFR & co ST.
CtRTlES-The creditors of kessler & Co held a
meeting yesterday before Referee Peter Il OIuev
)r-, ana authorized the trustee In bankruptcy Of
the estate. Lawrence F. Sexton. 10 sell various
securities at his own discretion A large number
OF creditors attended the meeting Mr. Sexton ex-
poets TO have only one more meeting of the credi-
tors this summer.