New-York tribune., 1909-06-12
TOPICS OF THE STREET

FOREIGN TRADING-Foreign houses deal. -
upward of 10000 shares in the local market r,os,t
sales. of which United States Steel contrib.red
half In the London market price movements N,e-.
irregular. with weakness in foreign bonds r.
fortnightly settlement concluded wthou- a.
turbance of any SORT Call money at the Brfsh.
capital was in active demand and as bigb = sI
per cent paid Short time bills were ease
Continental discounts were unchanged. Americas
stocks on the curb closed irregular.
BANKS GAIN CASH.-The repOr-ed uro--sr,..
of currency this week Indicate gain in cash bsIs
by the banks Of S5451,000. almost the entire -
Of which came from the interior. The Ranks :.
ceived from the interior S12O37.OOO and sent 10 -
interior S5954O0O, including s. 600 national ha
notes sent 70 Washington for redemption. The 80
from the interior S.0S30O0. Receipts OF -
gold $9b1 01t-nanlely, New York sss--s
office checks $4,000; on San Francisco r1t1.
checks. 10000. and on Seattle assay Office cheeks
ST. coo Exports of gold during the week were onTs
S25O.O60 to Argentina Ordinary disbursements nv
the ub-Treasu sury were S23SI90V0- Payments bv r.
banks to the Sub-Treasury for customs internal
revenue, per cent redemption fund, etc. wera
s24G22. COO showing a loss on Sub-Treasury opera.
tions proper of $500. The total gain from to-
interior and by new gold s5.G4t0I9. Deducri,s
therefrom he loss on Sub-Treasury operarfoTs
proper and h. gold exports the net gain was 6
45l coo.
NATIONAL. E%AMELLING AND STANPTVc-
BONDS.-Lehman Brothers and Goldman Sachs 3
Co are Offering at 9Si2 and accrued interest yielS
ing about SIS per cent. the unsold balance OF tina
issue OF S35O0t00 National Enamelln2 and
Stamping Company refundng first mortgage rsa1
estate sinking fund twenty-year per cent rold
bonds The properties upon which this 7nOrtgars
will constitute first lien COnservativeIy valued
at SSG00 600. The cOmpanys quick assets are in sx
cess of 5000 COO and the value Of the actual asss+
is placed at S15OOO,0O0. nearly four times The
amount of this bond issue. \ cumulative sinking
fund of 100000 year provides for amortization -
the entire issue at maturity. The bonds NAV IA
drawn for the sinking fund at 105 and interest m
less they be purchased cheaper in the omen
market Net earnings of the company covering a
period Of nine years or since its organization av-
erag ged S1.219649 year. or about seven tines TIA
interest charges on these bonds
DIVIDENDS DECLARED Dividends have bean
declared follows: Beech Creek Railroad regular
quarterly per cent payable July l. Manila EIsc
! per cent the common payable July !: North
Star Mines Company quarterly per cent. payabls
June .; Standard Gas Light Company rez-a-
semi-annual per cent on the preferred payabls
June 30, Dominion Coal Company regular quarterly
I per cent. payable July ?; Mutual Bank regular
semi annuaI per cent payable July l. Coal and
Iron National Bank regular qr!arter 215 pAr cent
payable July I; Old Dominion Steamship Company
regular semi-annual per cent PAYABLE July I:
ROYAL Baking Powder regular quarterly II. per
cent on the preferred and quarterly 2 per cent on
the common payable July /; Ctty Investing Com
pany quarterly ia per cent on the preferred pay
able July I. United Traction and Electric COMPANY
regular quarterly Il. per cent PAYABLE july /.
Sheffield regular quarterly "a per cent on ths
preferred payable July I
GRAIN EXPORTS DECLINE,-Brad dstreet's r.
ports the exports of grain for the week. with con-
parsOus. figures in bushels, as follows: Wheat
-four included. 1s57.1s4 against 212Ssea last week
and 3GS454I in this week last wear. for the fiscal
wear SIS $50 compared with -253-5z5 in tire cor
responding period a year ago Corn ff5It con-
trasta,i with S. e3 last week and '-3' in i0S for
the fiscal year. o 705. against 451s3757 in tie
same period last year
APPLICATIONS To LIST-A71Ucation has been
made To the New York Stock EXchange 70 list
securities by the following The institution for
Encouraze01ent OF Irrigation Works and Develop
uent of Agriculture. : 4. 50 5Oa.Co9 thi-ry-fve-
year a., per cent sinking fund bonds. due in 1913:
tho Chesapeake & ohio Railway Company. S0f0
additional general mortgage ~ per cent bonds
due in 1892
COPPER EXPORTS Exports Of copper for ths
week ended June 10 were 9t-1 tons. Since June
they have been 1.as2 tons, against 10 S63 tons in
the same time last year. Total exports for Nay
were g. 473 tons. compared with 2264l tons II Nay
a year ago
EXTRA COTTON EXCHANGE HOLIDAY
The members OF the New York Cotton Exchaags
have voted 70 close the exchange on July g.