New-York tribune., 1908-06-05
INVESTORS READ
The Wall Street journal
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses deal
both sides Of the local market selling aboU, al
thousand shares IN balance Opportunities n
arbitrase transactions were poor. In London Il
coils yyere heavy but the tone Of the general ~
ket was good though business was dull The Xsl
fcan National bonds were subscribed 70 four -
over Money was easy for all periods and Il
Bank of England made change in its discg-I
rate. Improvement in the German financial s;zj
tion was reflected in a reduction Of the Gerznl
bank rate 20 412 per cent.
CROP CONDITIONS-Di Dispatches 70 "D1ns p.
view from branch Offices Of r. G. Dun Co, ss,l
ated in the leading farming sections. testify ,S
continued favOra ble progress Of the prrGpa crops
the only drawback being excessive moiszrs il sous
sections which retards planting. AZ other points re
growth is rapid and some reports tell q harvest
ing about a fortnight earlier than usual Winter
wheat has not suffered materially because o. rai1
but in spring wheat states there are some evds1c-
of damage A few days Of dry hot weather VOL
recover much Of this lost ground however and
to be expected this month. There are few =
ports of the prevalence OF insects. and on the W !
wheat is doing very we'll Corn is me neaT
sufferer from rain. large area being sun unp8I
ed and in many states the acreage viii oe 81
what reduced by abandoned low lands that 1s-z
wet. Other districts are all planted, and tns
is making splendid progress Scarcely any =
pIafnts are heard regarding the outlook for orEiE
other coarse grains or hay. all Of wh- 70
progressing well. and a large acreage nA "a
planted Aside from foods in the extreme 81
west the cotton reports are favorable o1- =
repIanting is necessary in parts Of Texas
Oklahoma. In Georgia and most Eastern 81
the cotton outlook is most encouraging. partcl1
bright prospects being noted IN the hs1 az
where there is usually complaint or nsllc-
moisture
MAY AND FIVE MONTHS CLEARlNGS-511
cIearings returns for May are irregular. ne Il
total of the cOuntry's banking operauohs IL j
the month shows a gain over that OF AprI a. j
next in size 70 the total for January lhols, j
course. considerably smaller than the tota- 10 II
in 1901 and recently preceding years 4H5
over April is however, uneyenIy diStriou'9L, n
the entire increase in fact is found TO 0e exl-J
by the gain at New York, because the ciealI.
ninety-nine other cities Of the country were 70
in MAY than in April. or, indeed any pLe11
month this year. except February E'V.' a. ]
of cities shows a decrease IN May tron Aa ]
year ago. and this TOO. despite the fact IlaI II
ings at this time year ago were on . - - "a
scale. The total Clearings at lv cues W
aggregated $40 Isl HIPS. gain of LIS Per ~
Apru but decrease of 12.3 per cent froll N
vsar ago Tba cIea-tngs az New York for u
aggregated s. 669. S33, so. gain OF 5SS pc. gen
April, but decrease Of 9 per cent from MAY az
ago.
ELECTED VICE PRESIDENT-VAour :. y
of the firm OF Harvey Fisk & sons haS -
elected a director and vice-presidenl ol VIC -
& Manhattan Railroad COMPANY Il
DIVIDENDS DECLARED.-Dividends nav
declared as follows. Tugersoll-R Rand ConpaI'
uIar seni-annuaI per cent on the pLsLS.Lo-v "A
able July l. Guggenheim Exploration I'm '1-.J
ular quarterly 2la per cent paNaOis 49, ,,s-,s-j
Traction and Electric company lV-I -. v-ssr-j
Ia per cent payable July L Caldl..a -, ,ss "A
house Company quarterly IL per cen, pio Gr,nj
itaI stock. PAYABLE July 10- Denver q ~ '-D.fs-rs
regular serni-annuaI 2t2 per cent on ll ,ra-,s1
payable July 15- Boston & Name lesU''
ly "a. per cent ,-ov-1I
STEEL FOUNDRGES MEETING AL5s sIJjs,s of 4
- =
American Steel FoUndrleS COMPANY ,,J the 4
proposed financial Organization ptail - q .ssn Il
ductfon of the capital stock, when na 5 IN "a
journed from time 20 time, unth - Iune >
sey city. has again been adjoIFheu N
HEAVY LOSS IN EARNINyis-R Ral,o1S 2s..' s,r -
ings received in the last two days s'o 9o,sI los
companies for the last week Il nc nc ,,s-rsasss 81
shown by the Canadian Facillc' GIG
Grande and the Wabash ,..
GERMAN BANK RATE REDC - i,s ~
rial Rank of Germany yesterday ie'-o.1 -. .snt 70
mum rate OF discount one-halt % : Ss.r in efsi
per cent The per cent rate "'''
since April 2 last a.
HARLEM SAVINGS BANn-- - T1ar,ers, y
fngs Bank has moved from l'S L,,tTtipg. az =
ea7J Third avenue. 20 its new o -. t,,stjt ,tiJn W
street and Lexington avenue ,.,,,,. nj ss0aS
C,r,i1eJ IN, 1SS and in its last az nAl%
total assets of 81. .55-, 5l9 and deposits - "a
ONTARIO 4 wEsTERN-It IS cur eHI,e.'' a 4
+b,t ~ ontario 4 Western VIII u ~ initial 500
cent dividend on its Ss,lssS2 eomnlo"i iS ds al@
at It's next dividend meeting w Ire conFsS
any dav The Indications a : ,.I,.,~ssrielt 70 =
can easily make per cTi'' N,r,r,-tap!e sup
sI.,~ t-,I-t..-- ami Vet have i cOii'4 ,rr o. =
on the years operations Inv p,iIUav rece'.
New YORK. ontario i Western ne monthly s''
made public. was the Hos' ~, tbar ,en1aS,
ment that has been issued oy si'.' was a iAl'1
on in the gross earnings the eaf'5is ms decline
ating expenses more than one. .~ninss. c0a
suIting in an expansion ~ ~ ,s~iod Of the -
prs-\iotlS.