New-York tribune., 1909-07-01
TOPICS OF THE STREET.

FOREIGN TRADING-Foreiz1 borsa, s..,. a.,
aVoy4 snares IN tne local market. selling small
extent on balance. In the London market con.oI.
were heavy. but foreign bonds were frn1er rhifs
there was sharp recovery IN the mining STOCKS
ana weakness IN home rails Money was ~ Fair
demand At the British capftsI in co1rac+fo- r~f+L
the half yearly interest disbursements and cau
rates were materially higher. Continental discounts
were unchanged Paris exchange on London rs-
matned al Tuesdays level while the BA-II, -s+.
advanced L pfennig.
THE NATIONS PROGRESS & RohinSo,
IN their monthly bulletin present an Interesting
table showing the nations material proeress tn 49,
ten years from 1890 10 1900 and from 1ena - 49,.
cIose OF lSoS together with conservative estimate
OF Wnat may be expected for the ten years ending
1920 In $780, the compilation shows the co,ntr,is
banking power at S5.150. 900 600, IN 1900 SI9 5no
100000: in 1905. SI7642 7O5. GOO and in fsSo sstt
mated $50 600 600 GOO Bank cIearings in 1890 vsrs
S202S0.223o92 in 1900 $50 526 3s5 4s7 in 1905 s57
ss6ls'l56. and IN 1920 estimated, SIS 600 600 600
me nsFes ior the years named exclude New
YORK CIV which showed in 1880. S35 s95 1O4 s37: in
1900. Ss616O5s7.352; in 1905 1882 a72 0s7 41z and ~
1870 estimated. $4,000 600 600 Agricultural prod
uctS OF the country in 1890 we're valued az 50 4s0
1o7454; IN 1900 So 764 IL. .706 IN 1908 81 s4s NON
ooo and in 1890. estimated. $4,000. 600 600 IRE
gains shown in gold and general metal production
IN manufactured products. merchandise exports ana
imports. and railroad construction and earnings
possess, the firm says. manifold signihcarce ard
their contemplation should correct our sense OF
perspective renew our courage and establish
firmly our confidence in the nations future
PENNSYLVANIA BIG EARNINGS-The Penn
syivania Railroad reports for the month Of May on
~
crease in gross earnings Of S1221. 900 and an in
crease in net Of S432 500 comparison being mad.
with the same time last year From January
gross earnings have increased $4,s54 700 and ns-
earnings S1.I31-1OO- On the lines west Of PITTS
butg the increase IN gross for Nav q
Sl.lsS'5OO and in net to S465. 900. making zsf1
from January Of s3.s2e 400 in gross and sesf -oo
In net.
- DIVIDENDS DECLARED-Divtdends havs h..,
declared as follows New England Telephone s1S
Telegraph Company. regular quarterly IL, per cs1r
payable July 10. Vulcan DEFINING regular o,,sr-
terly ia Per cent on the preferred. PAYABLE JuIv,
20. American Glue Company. regular sernf-aun,,aI a
per cent on the preferred. payable August 2. frsar
Northern Railway Company regular quarterly IA
per cent. payable August . =
UNITED STATES CASUALTY CONPANT
STOCK DINIDEND-The directors Of the T-nfts5
states Casualty Company have voted 10 tncreas.
the capital stock to 10000 by transferring 10000
from the surplus account the capital account
and declaring stock dividend Of G5 per cent 10 IN.
present shareholders. The capital OF the cor,pany
has been $4,000 since 1906 and its srnIus on T.,
uary 1 last was $4,000
GOLD FOR THE ARGENTINE-spevsr 4 -,
Will snip $4,000 gold coin Buenos Ayrss by
saturday steamer and the National Bank or
commerce $4,000 TO the same point Total exDorr,
70 al sehuna since January l. S25. 5sON and to an
countries. S605Os302 - ~
WISCONSIN CENTRAL BOND IsST-E-Tb. A.,
rectors or the Wisconsin Central Railway Company
nave authorized issue of S25O0OoO 4 per- rsn.
bonds TO pay for the Duluth terminal so,,inn1s-,s
and other improvements
KANSAS CITY SOUTHERN-Tha stocL,,,1s
or the Kansas City Southern have authorizs5 tL,
issue OF &l,OO.00o refunding and Ir,provs,,s11
oohds and nave ratified the sale OF 40 on0 oo ~ tb
issue 10 Ladenourg, Thamann & Co