New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-08-20
INVESTORS READ
The Wall Street jarr,.,
TOPICS OF THE STREET

FOREIGN TRADING.-Foreizn hou...
$4,000 shares In the local market, all sals, -. y
the heaviest operations in Union Pacific p.. saa
and United States Steel In the Iondor r r.sDs
prices. except for American, which usr. -1s
showed unimportant changes and as a -uI ~
firm on small volume of business Can N1s
at the British capital easy The Bank - r7
lands rate remained unchanged at 2i. -. Ans'
In it's weekly return a strong showing wa. Lit ae
the proportion OF reserve to liability stand,a&
the best figure for this week in the Last nirs "
with the exception OF 1902 and 1904 ror,sss s's
exchange on London remained at Wsdn.sS,s'.
level
ROCK ISLAND DTvIDENDS.-Whf. 4. .,
be learned that dividends on Rock Island nr.s.~,
and Frisco second preferred are likely m +.
sumed earlier than next October il IL adn.,.,
by those who are most familiar with the ss,n,,.
OF all the lines in the entire system that n c,-s
only question of time when dividends ar +b.as
rate 10 which these stocks are entitled will n. -
larry paid. II Is expected that the Roc. ra,.,
Company will show for the last fiscal year rs,
per cert for the preferred stock while ths w..
report is likely TO indicate that the full div,t.,.
Of per cent both the first and second nrsf.-ss
stock were earned. with balance OF or a..
cent for the common stock OF course yha. |.
seems early to make even rough predictions =,
gsrtiing the earnings for the present fiscal ma,
which Is only six weeks under way IL Ia u,s.-
stood that those who have followed the saruIrr,
Of the Rock Island and Frisco for many wear, ,rs
confident the former VIII earn IS 100000 and tss
Sff'''sVVV N44i4i tux tlo 0sCa4 .rfsA
June 30 last.
HOW ONE RAILROAD WILL SAVE MONEY!
Much has been said within the last year hy r.t-
road managers about the large extra cost snt,ilay
for clerks by the greatly Increased requirements Of
the Interstate Commerce Commission for data az
regular intervals. IL has been the custom a, bo,,
railroad and Industrial corporations FOR some vsar,
TO employ chartered accountants OF high standing
audit their annual reports. II Is understood
however that this wear the directors OF tha rad.
IN Rock Island am yxhfr1
complete pamphlet reports. will depsrt from hin
custom and cause to be inserted in the reports
brief statement 10 the effect that in view OF thu
exhaustive data required by the Interstats cor-
rnerce Commission there no longer seems 20 be any
necessity for mourning the expense involved m IN.
employment OF independent chartered Accountants
This action will mean the saving Of $ 900 or MNa
DIVIDENDS DECLARED.-United Drysccd,
Companies initial quarterly IA per cent on TIA
preferred. payable September / National LEAD
Company regular quarterly "a PER cent on the
common. PAYABLE October 7. American Writing
Paper Company I per cent on the preferred pay
able September Is. Chesapeake & Ohio regular
quarterly I per cent payable September 80 Lord
& Taylor regular semi-annual per cent On ths
preferred. payable September l. Associated Mer-
chants Company regular quarterly IL per cent.
and additional quarterly y Of per cent. pay
able August 81. General Electric regular quarterly
s. share.
LATHAM ALEXANDER COMPANY TO LIoU1.
DATE.-The Copartnersh,p composed Of John G.
Latham and Charles Fraser. bankers and brokers
under the firm name Of latham, Alexander & Co.
Of No. Is Wall street having been dissolved ~
the death OF John c Latham. senior member o.
the firm. or August Re. tire business VII ne 1ih-
dated by Charles Fraser. the surviving partner.
UNITED STATES RUBBER-A Boston dispatch
credits a director OF the United States Ruooe,
COMPANY with the statement that the question Ok
beginning dividends on the 5000 100 common scl
this year has not been considered by the ooali
and Is not likely 70 he. The company has naa
profitable wear. but IL is understood the directors
believe that for the present its prorts can % ~
10 better advantage in expenditures on 'ne properly
than In dividends the common.
CHICAGO GREAT WESTERN REoRGANllss
TION The term expires to-day under Wnicn ~
several stocks may be deposited WITH J. r "Vls 80.
& Co reorganization managers. under .1e -
for the rehabilitation 81 the chicago etea, 49,
Railway Company Holders OF preferred s'ocA
and the common stock who accept Io =,
called upon to-day 20 pay an nstaime"' "
a share under the terms Of the plan -.
BUFFALO & SJrSQUEHANNA COAL ~
NAGE-The Buffalo & Susquehanna Halfway
pOrts for seven months ended July 81 hosoa s-.
OF over one million tons OF coal and coke ofIs -
ing on its line as compared with oN'V' VO i %
the first seven months Of 1905. an increase ~ -
OF A. per cent 80
SUGAR PRICES EnGHER.-The AmerlOS - AZ
Refining COMPANY and Arbuckle Brothers nav *,
vanced the price OF refined sugar 10 points ~ az
net less per cent for cash Strens'n !" ~
market Is the basis Of the advance =,
AMERICAN WOODEN COMPANf--Ine - Nm.
issus Of 5aON0 shares of preferred stocA ~, IN
American Wooden Company has DEE"
large part by the stockholders.