New-York tribune., 1909-04-08
TOPICS OF THE STREET

roRFInx TRADING-London traded on both
,5as in the local market, selling upward Of 5000
s5s-es on balance At the British capital the gen
-el market firm, though dull. Consols were
tssdv and foreign bonds a tTihe higher. The ap-
-oscb Of the Easter holidays served restrict
b-einess. Call money easy, ruling At per
cent while bills weaker. Continental stock
markets were inactive. and discounts
changed, except at Paris, where slight advance
vas reported
RUTTERICK COMPANY.-At the annual meet
,nr Of the Butterick Company yesterday the retir-
snE directors were reelected. President f. W.
zyilder made the following statement TO stockhod-
.-e- our business to-day better than il has
been in some departments for long time, particu-
la-lv in the sale Of patterns. We do not feel that
this is Of business in general 1t Is true OF us
principally because during the years 1905. 1906 and
5es7 and the spring Of 1905 We had competition OF
Ell sorts and kinds in the pattern business arising
from a number OF sources. which competition we
now have the best Of The circulation Of our pub
ucations IS steadily improving and the receipts
through the advertising department are good"
CORN PRODUCTS BONDS-It is generally un-
derstood that the directors Of the Corn Products
refining Company viii meet next Wednesday and
authorize an Issue SlO.oO0.000 first mortgage
rer cent bonds. This proposed action is in re
eponse 10 the request OF large body of stockhold
e-s preseuted the recent annual meeting. that
she company make any further Improvements and
sytensioas a capital charge instead Of pa wing for
the1n out Of current earnings as the corporation
has done heretofore.
INTERNATIONAL SMELLING STOCK OVER
sTBSC CRIBED--The stock Of the international
smelling and Refining Company has been heavily
o,erslhscribed. In some cases subscriptions were
cut down - per cent. and, owing 10 the small
amount Of stock offered, many applications were
wholly ignored. The SO. .0o0 600 stock to issued
will participate pro rata in all future stock offer
.nCs which that If the $40G0O000 additional
sock authorized IS issued present shareholders
vfn he privileged to subscribe from time time
Sor a total of four shares for each share held
DIVIDENDS DECI4ARED.-Dividends have been
declared as follows: international Steam Pump
Company regular quarterly 1i4 per the pre-
ferred, payable May /: Atchison, Topeka & Santa
mn payable June !: American Light and TraC-
ton Company regular quarterly IL per cent on
the preferred and per cent on the common. both
PAYABLE May l: Century Realty Company semi-an-
rral per cent, decrease Of per cent from the
last preceding dividend.
AMERICAN LIGHT AND TRAcTIoN.-After de-
slsring the regular dividends at their meeting yes
ferday the directors Of the American Light and
fraction Company confirmed the action Of the eK-
ecutye committee in voting 10 pay on November
next extra stock dividend Of 10 per cent TO hold
ers Of the common stock Emerson McMillin, for
nerly president of the company, elected to the
-eElv created position Of chairman OF the board
and A. P Iathrop elected president j NJ
Mccarthy was chosen vice-president and treasurer
n place Of Nj. Isthrop. and Marion McNillin was
elected a vice president ana assistant secretary
TIE other officers were reelected.
MICHIGAN CENTRAL DEBENTUREs-The d.
r.ctors Of the Michigan Central hare passed res
oiuton authorizing the issue Of S23oH0oa dehentuTe
boDds for the purpose % refundinE S5oelee9 short
term notes maturing next year and providing the
company with new funds The issue VIII run
tvrnty years and pay per cent interest
TRI-BT-IIION'S CONTRACT.-E. P. Earle. sell
.ns agent OF the Tri-Bullion Smelling and Devei-
apmeuT Company, has just closed contracts aggre-
eating 5o9l tons Of crude ore. OF the gross NaIue
of & ast which on the basis of the average vaiue
of he present shipments, viii net the company
SN90
ADIRONDACK < ST. LAW RENEE ELAtOltO
At the annual meeting Of the Adirondack q -
Lawrence Railroad Company yesterday !" -
EIugsbury vas elected director in place OF george
3 Nelick resigned. At a subsequent neetlng lhe
bosrd organized by reeecting the retiring oInceFs-
CREX CARPET CONPANY--The business OF
the Crex Carpet Company. formerly the American
Grass Tvina Company. shows steady Improvement
sales for the month OF March being = per cent
lzreer than in the same time last year.