New-York tribune., 1908-07-22
BALTIMORE STOCKS.
TOPICS OF THE STREET.

FOREIGN TRADING-ForeiFn houses dealt in
,salh shares In the local market. all sales. In
Iondon consols weak and the mining depart
-1tut was heavy. The decline in consols carried
their price 1la Per cent below Saturdays quota
aon the weakness being due 10 selling by inter-
es.s who found il more profitable 10 invest their
funds In other securities and TO the expectation
of another Irish land loan issue. The yield
eousols is so small that many holders take advan-
tare OF every opportunity TO place their money in
issues that make d better return. There was no
important change in money rates at the British
capital Continental points
MOVEMENT OF MONEY.-Local banks continue
m r1tn cash from the Sub Treasury. the excess
receipts since Friday amounting upward OF
EQO0gpg Indications point 10 the first loss this
week by the local banks TO the interior that has
bnen recorded since the elimination Of the panic
The withdrawals from this centre are not expect
ed 10 be large for some time, owing to the fact
1hp1 the depositaries Of number of the interior in
rttu1iuuz at the leading distributing points are
well s,rplied with funds the deposits of the Chi
caso banks alone. according 20 the most recent re-
ports being larger than ever before in their his
tory
GEORGIA RAILROAD AND BANKING COM
PANY--Joseph Walker & Sons Of No 20 Broad
street and John ". Dickey, Of Augusta. Ga, have
jontir purchased from The Georgia Railroad and
Banking Company 100000 OF its forty-year
per cent bonds. The bonds dated January I.
1907 and are due January !. 1e47. coupons payable
Jguu7rV and July The Georgia Railroad and
Barking Company is leased TO the Louisville d.
Nashville and Atlantic Coast Line Railroad com
Tznies al an annual rental Of 100000 which pays
-hp interest bonded Indebtedness OF eZ.0Uo-
NQ8 and j per cent dividends on the stock The
Georgia Railroad and Banking Company has paid
dividends almost uninterTuptedly since 1886 The
bonds offered at 991z and interest
BALTIMORE G. OHIO'S POOR EARNlNGS.-
The Baltimore & Ohio Railroad Company's state
lneut Of earnings and expenses for the month OF
June as compared with June. 1907, shows: Cross
earnings. 1905. S.sS6ZIl: 1901 SflS6Vso: 0eCItese'
sTegA Expenses. 1905. s. SS6 SIS: 1897. S4ff'sss'
decrease ys50g74 earnings, 1905 S15i9So6 1871,
S4s545; decrease. $685. For the twelve months
a. he anne
Of 1901 the statement shows: Gross earnings. lSVs,
GasS7a 1901 245 ~: decrease SS.6S51f1. Ex-
peneg 1908 10 SO: 1907, S4 0s: decrease SIZ9-
u Net earnings, 1905, Sl9, ,%e' lSO, Sz,S6SS5l;
decrease si,SS.ss9
NATIONAL SURETY COMPANT--The National
Surety Company announces that for the first six
months Of this year its writings are kAgVOOOg III IN
&ees OF those Of the corresponding period OF iSo'
lhe business Of a surety company is peculiarly an
ihaex 10 financial conditions there is business
Which more quickly responds 10 prosperous cOndi-
tons From The statement made il is evident
mai the business conditions throughout the country
Ee Steadily improving On December 81 1901 the
surplus Of the National Surety Company was N4S-
" This had increased 20 S6Sl,sSl on June 90 1903,
GOLD GOING TO CANADA-In the last few
GAYS Essleso in gold coin has been sent 10 Canada
.ne sank of Montreal sent 100000 and the Bank
=. hsitsh North America SiG0.0e1 II is declared
mar these shipments TO Canada have no particular
lenlncance other than The general need that
Ssnadian banks have for gold at this season In
s-cIe11lon Tor the crop moving. This accounts
~ Cehadss cali for gold now, and it may be
lnned for some time. The gold is usually ex-
.Hhsea by the Canadian government for legal
,asFs which ara then shipped into the agri-
s1lufal districts In the Northwest.
,AsW YORK GAS AND ELECTRIC LIGHT
MAJ AND POWER COMPANY--Spencer Trasl
= vo say, regarding the purchase money ( per
~ mortgage gold bonds Of the New York Gas
e Electric Light. Heat and Power Company:
saaese bonds selling upon New York
@ @,St f0cnange AZ price equivalent to about 81
~ ~ interest yielding about 4.50 per cent At S5s4
- interest they yield about a 50 per cent; at 9Q1s
interest about az per cent, and at 951 and
ABOUT * per cent In is99 1901. 1902. 1903.
- ano 1905 these bonds sold upon about a ~ per
y n@sie, the extreme range OF prices being from
u ss5< hat during these six years We
a ssn' that. with the restoration Of normal condi-
,ss N The financial and business worlds. these
- - may reasonably be expected again sell
-en Nss same basis Another feature in con-
'0h ,.1 with these bonds which should add 10 their
~ leness % individual investors Is the fact
-. = common with ali other public utility cor
reuols IN the State of New York. the properties
p.sa,. rheer the regulation and supervision OF the
-Sae Service Commission"
,-aflDEHDS DECLARED.-Dirfdends have been
CCe-s'ed as follows: Peoples Gas Light and Coke
,..fahP of Chicago. regular quarterly ~ per
- IAPaDle August z5s Illinois Central regular
1ihuI ~ Der cent. payable September /:
- d Bureau Valley regular semi-annuaI
,1 A1 payable August 10.
rlh ftdCK IS TOWN.. G Frick who has
~ d ms summer home PTfde's Crossing,
- Is IN the city Mr. Frick is enjoying excel
Week -s 40 ASp'AN9 N'iNui@'eu ia0t
a. IAotR NOT IL MISSOURI PACIFIC.-J- Og-
cri,s armour denies the reports that he has
fs. substantial interest in the Missouri Pa
ie = 70 be mace director OF that road.