New-York tribune., 1908-07-24
INVESTORS READ
The Wall Street Journal
WHEAT.
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses bcaxSs
stocks an balance 10 the extent Of 20V8 shares Il,
the local market There were moderately hes
purchases Of the Hartman. Reading and Steel
shares. On the advance here there some SELL
ing from the London Curb In the London marxsc
consols were weak. though rallyins somewhat be-
fore the close on Continental buying The general
British market was irregular and narrow. Money
rates were easy and discounts a tTthe hrmer. Ths
Bank Of England made no change in its minimum,
rate of discount The weekly return showed per-
centage Of reserve TO liability OF 50-15 compared
with 47.16 in the same week last year
BORROWING DEMAND FOR STOCKS-Ths
fact that there urgent borrowing demand
for stocks in the loan crowd all through the fore
caused a good deal Of discussion among brok-
ers there as 70 the extent Of the short account
The demand was apparently more urgent than az
any time in the last two months, but some OF ths
brokers handling stock loan accounts said that ths
did not necessarily indicate the creation OF ez.
tensfve new short interest They believed that Iargs
amounts Of stock sold to realize profits that had
been loaned out for some time were called in IN
order that the sellers might make deliveries and
this action forced borrowers called in to retur,
loaned stock to obtain securities from sources
DUNS CROP REPORT.-Dispatches to "Dun,s
Review from branch Offices of r G. Dun & &c.
situated IN the principal farming sections indicate
that the last week has been most favorable for
leading crops, and further large quantities Of early
grain hay and cotton were harvested II Ia ths
consensus of opinion that districts which suffered
from bad weather at the start rapidly regain
ing normal conditions, while in sections whsrs
early results were satisfactory the crops are ma
turing much sooner than usual. and the yield an
is larger than In Cotton picking vig0r-
ously pushed in parts OF Texas, and there Is ltts
complaint of damage BY insects. This crop will
come the market well ahead Of last season. and
estimates of total production being increased.
Winter wheat is nearly all cut. the quality Is sxcels
lent, and many thrashing results show twenty
bushels an acre. Needed rain has fallen in spring
wheat states. and other sections also report pre-
ctpitaton helpf1l TO all crops Corn Is still backs
ward In sections. but much OF the early
threatened loss has not uaterialized Some CON-
plants OF short straw on Oat fields are Offset by
good news elsewhere
AMERICAN TELEPHONE AND TELEGRAPH
COMPANY.-For the first six months Of its curren.
fiscal year ended June 80 the American Teephons
and Telegraph Company earned for dividends
total of S8.S42.s45. as compared with S7.Oss441 ia
the first half of 1907, increase OF S1746534. or
246 per cent This dividend balance is equal 10
5.79 per cent on the S1524S4S55 capital stock out
standing against 5.3s per cent Si3155 900 stOcs
outstanding year ago
SECURITIES IISTED-The following securities
have been listed the Stock Exchange: Baltimore
& Ohio S. 900 additional prior lien 81 per cent
bonds and $4.0250OO additional first mortgage fifty
year per cent bonds; Southwestern division Bal
timore & Ohio s14O6.000 additional first mortgage -
per cent bonds
ONTARIO & WESTERN ACTIVE IN LONDON.
A private dispatch from London said that ths
transactions the Stock Exchange there in New
York. Ontario & Western amounted 70 about @.Oos
shares yesterday and the price in the late after
noon was 421 bid. There is said TO be args
short interest in the stock London. which IS d.
recting efforts TO keep the price in New YORK az
low as possible.
ADVANCE IN STOCK EXCHANGE SEAIc-
Stock Exchange membership has been soic a.
SIS OOO an advance Of $4,000 over the price on No
last preceding sale Two memberships were posi-
ed for transfer yesterday: Otto Eugene Reinsr p
Rockhiu B. Potts and Charles A. ButtericA
Charles VI. Fair
CALUMET AND HECI.A REPORT-The annual
report of the Calumet and Hecla Mining Co1hpA-..
for the year ended April 80 shows total assets "a
IS 2 71e. against S8757+A in the preceding year -
s11 91s. 6S1 in 1906. The surplus for the year Wa'
ST. sS4 against s. O2S 942 in 1897 and S06ZsAS ~
1906. In the year the company produced s%ot - -
of refined copper compared with IS 2SI tons IN ~.
year before. The company sold copper IN the ye-
from 26 cents a pound down TO y cents pOuHN
NATIONAL LEAD DIVIDEND--The drectolsoi
the National Lead Company have declared tne rs
ular quarterly dividend of ia per cent on tne pie
ferred stock. payable September 10
ADVANCE IN COPPER.-MeJal exchange qno'ss
Lake copper up y in the bid price az rs 70 =
Electroytic up Il in the asked price at L9s 10 -
Casting up Is in both bid and asked price az II
TO 12as-
NORFOLK & WESTERN.-The directors ol -
Norfolk & Western have declared the regular seun
annual dividend Of 2 per cent on the preie1I71
stock, payable August Is
GOLD FOR CANADA-The Bank Of Montrss'
shipped yesterday s2sOO00 gold coin 70 Cana1's
making soosooo in the last few days.