New-York tribune., 1908-12-18
TOPICS OF THE STREET.

/ FOREIGN TRADING-Foreign houses dealt IN
shares in the local market mostly sales. In
were strong. and the general market. with the
/ ceprIon Of the Kaffr and American issues was
firm Money was quiet and unchanged The Bank Of
England made no change in its minimum rate OF
discount though its return made a Door exhibit
/ compared with the figures Of a week ago. Paris
/ exchange on London declined The Sac Paulo loan
ruled al Is per cent premium
DIVIDENDS DECLARED-Dividends have been
declared follows: Electric Boat Company, reg
Ular annual > per cent the common, payable
December S., and regular quarterly per cent on
the preferred. payable December z; Hudson Realty
Company, regular quarterly per cent, payable
December 81: Proctor & Gamble, regular quarterly
per cent on the preferred, payable January %;
Fidelity Tust Company, initial semi annual
per cent, payable December g.; Colonial Bank,
regular quarterly 21z per cent aysbie January 2;
. La Rose Consolidated Company, regular quarterly
. 5 per ceet and I per cent extra. payable January
20: American Locomotive regular quarterly 12. per
cent the preferred, payable January q; Long
. Island Loan and Trust Company, regular quarterly
per cent payable January >; Louisville & Nash
Vile regular seu-annual 2I2 per cent, and
Mechanics National Bank, regular quarterly per
LARGE SHIPMENTS OF COTTON-shipments
OF cotton from the port Of Brunswick Ga. for the
month Of December wilL from present indications,
exceed all past records Il is estimated. taking the
record Of the last Two weeks ana the charters al
ready in for the remainder Of the present month.
that the total amount will exceed 10000 bales.
ms Is the Erst time mat brunswick has attracIHo
any special attention for its shipments Of cotton
NORTH BUTTE EXTENSION COMPANY.-The
books viii soon be closed by the Nor@r Butte
. tension Company, and stock that has not been
turned in under the so cent offer will be worthless.
The new financing OF the company has been COM
pleted, and il IS IN condition TO continue de-
. veiopueuts- Orders have been issued for repairs
70 the plant preparatory resuTlng shaft sinking,
no PUBLIC OFFERING OF THE BONDS
Brown Bros & Co and Edward B Smith & Co.
announce that Philadelphia, Baltimore &
Washington per cent bonds recently purchased
by them from the Pennsylvania Railroad have all
been sold. The demand them has been so
great that there viii be public offering.
VIRGINIA < SOUTHWESTERN SELLS
BONDS.-Redmond & Co have bought from the
Virginia q Southwestern Railway Company an IS
sue oI Per cent first consolidated mortgage bonds.
due 1858. The total amount outstanding is 81,
$50 600. The road is owned ~ the Southern Rail
way.
UNITED STATES REDUCTION AND REIN
LNC9.-Application has been made 10 the Stock Ex-
change TO transfer s1.s41. 600 per cent sinking
. ruzC bonds due 1891, S3,945,s00 preferred stock
and s5.e1s 500 common stock OF the United States
Reduction and Refining Company from the unlisted
{ department the regular list a similar appliCa-
ton was made b. the National Lead Company
day
NEW STOCK EXCHANGE NEAIBER--Iynford
NJ Dickinson elected q member Of the New
York Stock Exchange yesterday
CHANGES IN SHEET STEEL CONPANT-C.
" BRAY has offered his resignation president
n the American Sheet Steel and Tin Plate Com
pany one Of Jhs subsidiary concerns Of the United
States Steel Corporation 70 take effect the end
OF the wear His successor. il - understood viii
be Z " Pargnys nov vice president S a Da
vis. now second ice-president, viii take Mr..
Psrgny-s place as vice-president.