New-York tribune., 1909-03-18
TOPICS OF THE STREET.

FOREIGN TRADING-Foreisn houses were not
active In the local market. selling few thousand
shares on balance. In London the general market
was quiet. ConsoIs heavy and the Russian
bonds were lower selling based on the report
that servia was mobizing troops, Call money was
In good demand AT the British capital and a fair
business was done in bills. The Treasury has
called for tenders FOR 100000 treasury bills be
issued M6rch = 70 replace those that mature q
continental discounts showed no important change.
DIVIDENDS DECLARED Dividends have been
declared as follows: National Corporation Securi-
ties Company. quarterly Ia per cent, payable April
l. Iltle Guarantee and Trust Company, per cent
payable March 81: New York Dock Company, reg
aole Aprh Ia: American Coal Products Company
regular quarterly Ia per cent, payable April l.
Union Typewriter Company, regular semi-annual
Sla per cent the first preferred and / per cent
the second preferred, PAYABLE April I: New
York Trust Company. regular quarterly per cent.
payable March 81: Mercantile Trust Company,
quarterly per cent: American Caramel Companys
regular quarterly per cent the preferred, pay
able April /; American Mailing Company. semi
annual. 81 rs on the preferred; American Malt Cor
poration semi annual 2e per cent on the preferred
JOINT STOCK BANK GETS GOLD-A cable
dispatch from London says that the 81 100000 gold
that arrived Tuesday from New York. the frst
American arrival there exceeding S.0cOO00 since
early in 1907 was imported by the London City and
Midland Bank. in whose vault it will remain This
action. the dispatch says. may mariS tbs beginning
of similar action by other joint stock banks in
nection with the much discussed increase OF Lon
don gold reserve Sterling exchange at this centre
strong yesterday and indications favored
further gold shipments to London Saturday.
GREAT NORTHERN UNDERLYING BOND
PRENI CMS.-The premiums offered by the
Great Northern Railway Company on exchanges Of
underlying bonds Of the 81. Paul Minneapolis
Manitoba Railway Company for consolida ted per
cent bonds Of that company Will on April l be re-
duced as follows on each $1,000 bond: on second
mortgage bonds from 3 ST. and Dakota
tension bonds. from SIS II s14.
NEW PRESIDENT FOR TWIN CITY RAPID
TFANS1T.-At q meeting Of the directors Of the
Twin City Rapid Transit Company in this city yes
terday c G. Goodrich. formerly vIce-president and
managing director, was elected president to sue
ceed the late Thomas Lowry. Willard J. Held
general manager elected ice-president. and
J. VI. Mitchell. a prominent business man. Of St
Paul was elected director MI vacancy.
UNION TYPEWRITER COMPANY.-At the
annual meeting of the Union Typewriter Company
the directors were reelected also the officers.
Cept that A. A. Forrest was elected second vice
president 70 succeed James VI. Clifford. resigned
The board has under consideration a proposition
to reiRcorpoTate under the laws Of New York in
order to avoid paying franchise taxes in New
Jersey well in New York The cOmpa ny g
report for 1908 shows profits for the wear of
S1262S. Since the first Of the current year the
company's sales have been heavier than in any
corresponding period in the history of tho concern
UNITED STATES STEEL EMPLOYEES STOCK
sUBsCRIPTIONS-Fo the 1900 shares OF pre-
ferred stock and the 16,0H0 shares Of stock
NJ the United States Steel Corporation offered 70
employees last January. subscriptions were re-
oeived from 1872 employees for an aggregate
Of about 3 per cent in excess of the tota!
offering
RELATIVE MERITS OF STOCKS AND BONDS.
James H. oliphant & Co. Of No. - Broad street
have issued q pamphlet the relative merits or
railroad stocks and bonds. being extracts from a
lecture recently given by Floyd ". Mundy before
the West Side Young Mems Christian Association
Investors will find It Of value.
WISCONSIN. CENTRAL Wisconsin Central
preferred stock. Empire Trust Company certid-
Gates OF deposit has been admitted 10 quotation
in the unlisted department OF the Stock Exchange