New-York tribune., 1908-08-27
TOPICS OF THE STREET.

FOREIGN TRADING-There London
business in the local market with the exception Of
Few operations between arbitrage interests. For
eign houses have practically done nothing in this
On the British exchange prices a rule were firm
for home rails. foreign bonds and mining stocks.
Consols were frsctiOnally higher Call money IN
London was easy at q. Of per cent. and discounts
steady at IL per cent The joint stock banks
bought sixty-day paper at 1&s per cent
DETROIT. TOLEDO s. IRONTON FACTIONS IN
AGREEMENT.-COnfi was obtained yes
ter1ay OF the report that agreement had been
reached with respect TO reOrganzing the Detroit.
Toledo & Ironton Railway Company. The Ramsey
Committee will be permitted to nominate three
directors for the vacancies which expire al ths
time of the annual meeting next month The Hoi-
Iins interests have until the beginning OF the
new year To work out a reorganization plan In
the meantime they will continue to control tbs
property
NORFOLK & WESTERN-The annual meeting
Of the Norfolk & Western Railway Company will
be held at Roanoke. Va. October s In addition
TO the routine business the stockholders will b
asked TO vote upon the acquisition by purchase
consolidation merger of the railroad property
and franchises OF the following companies; Lynch
burg Belt Line and Connecting Railway Company
the Pocahontas & Western Railroad Company, the
Big Sandy East Lynn & Guyan Railroad Conn
pany the Caretta Railway Company. the West Wy
ginta Southwestern Railway and the Big stony
Railway Company.
ATCHISON BOND J-BSCRIPTIONS--Subscrip
ton lists will be opened to-day FOR the S|"""'
AtChiSOn. Topeka x santa Re railway NOAip"N'
Trans-ContinentaI Short Line first MORTGAGE pc,
cent ffty-year gold bonds which are TO be oflered
the public at a+iz and interest by J. = NJ.
& Co. of New York. and Drexel * Co. OF rniia q
delphia. The application list VIII oe eloseu @' -
before 2. m to-day
WABASH -PITTSBURG TERMINAL BONDS.-
The first mortgage bondholders' committee OF .' @
Wabash-P -Pfttsburg Terminal Railway COMPANY q. -.
nOunces that more than majority OF % III C.-.J
gage bonds have been deposited WITH tne 49,.
Trust Company under the terms OF the ''''' ~
gage bondholders' agreement
Steel, PLANTS ON A 81 PER CENT BAoIS-
The various iron and steel companies repV,' 80. -
the current week has been a fairly gooC We % go,
the point of view OF new business Inere 10" ,-, -
no decrease to speak of in orders The steer pa =,
80 tbs country II Is estimated. now worKlns ~
about a 80 per cent basis Steel ranula !. -
are ~ the opinion that the improvement thar Hs s
been going on since the first of last thouon lo
held throughout the remainder or the YEA
ROCK ISLAND LINES EARNINGS--EarninsSUUn. - y.
the Rock Island for the fiscal wear snow - ~, ,;-
gross of Ns5i47e and loss in net 'l 80 4,
The ST Louis & San Francisco SHOWS d 80 30. ~
gross for the year of S09SSi4 and lOS - - I,stsr,
ss12ss51 All lines of the Rock Ls.sIsS 80. "a ard
present loss in gross for the year VI ''
of so,4o4c ceo
DIVIDENDS DECLARED.-The directors 'a-..r =.
Cbfds company have declared the regular "a ,rt
Iv dividends of Is. per cent on the P-tta,,hsr 10
IL. per cent on the common. paNdoIe 1,,,,,5
UNION PACfFIC.-The Union faciuS ~, ~sro Of
was opersted In the last fiscal year al t' nc lower
70 q ra- cont of its gross receipts. Ihs - " .bs-
o,srat,,s figure than will be shown by any
important railroad - IT., s;--e-
REGULAR MACKAY DiNIDE\L' l' -sscisred this
tors of the MaCkay Companies uSNe -, ON rhs
rsv,,lar quarterly dividends of l per CEN avabls
nrererred and / per cent on the eChii'iO"'
october l. - ,bs Bank
GOLD FOR CANADA--The agency % Canada
of Montreal has shipped SSOoVoo soiu ~