New-York tribune., 1909-06-25
TOPICS OF THE STREET.

FOREIGN TRADING-Foreig1 houses dealt IA
5000 shares in the local market, on purchssss In
the London market prices. a rule. were higher.
especially the copper and South African nnng
shares, on active volume of business The settle
rlant proceeded in a satisfactory manner ard vas
helped BY the strong weekly return OF the Bank
OF England. which showed a percanrazs OF reserve
70 liabilities Of more than 81 which was per cent
above a nIus-year average for this usriod OF ire
year. Call money was IN fair demand al easy
rates Discounts ar London and on The Continent
we're unchanged Berlin exchange on London de-
clined 1 pfennig-
DIVIDENDS DECLARED -Dividsr1s have been
declared as follows Cleveland. Cincinnati. Chicago
& -. Louis regular quarterly "a per cent on ths
preferred. payable July %. Merchants E1cha1gt
National Bank. regular sau.-aCnual per cent
payable July I; American Chic,s Company. regular
quarterly IL per cent on the preferred. PAYABLE
July I. American Locomotive Company. regular =
Per cent on the preferred pavabLs July q; Wells
Fargo Express Company, regular ser1t-annual per
cent. psyaols July 10 commercial trust company
OF New Jersey. regular quarterly per cent ard !
per cent extra. National Bank Of Cu5s, rssuA-
semi-annual per cent. Merchants National Bank.
regular quarterly 2s per cent. PAYABLE July ! Man
nlnS. Maxwell & Moore regular quarterly p per
cent. payable July !. Norfolk s Western. regular
seul-annUal , Per cent or the preferred, payaoe
July Is, Central and South American Telegraph
Company. regular quarterly IL per cent, payao-s
July g. Mexican Telegraph Company. regular quar-
terly 2 per cent. payable July Is. Associated Ner
chants Company regular quarterly II per CEN
and = 81 per cent extra on the first prsferrst
ferred
PACIFIC & EASTERN BONDs-Ths Pactar
& Eastern Railway. Of oregon. which IS o1srn-
fer sale $500 Coo thirty-vear per cent gold oohls
ar 50. with 10 per cent stock bonus. operates
twelve miles of railroad in a rich agreulrlr455
timber and mineral belt. and proposes 70 eA-e--t
its property seventeen miles into district -
has. IL IS estimated 5000, 900 0oo feet ot unoss
The road is now in operation between As--L-
and Eagle Point, Ore. connecting with me SUI
ern Pacific al the former place. which : 30
r1rr
100000 feet OF merchantabIe lumber and So : ~
supply point for a district containing S2oeeV Veos
UNITED STATES STEEL OPERATIONS.
United States Steel Corporation IS now ~ - r.-si
about So per cent Of its capacity. the nlsnSS -
reached since the improvement in the stee! n -
Try began The Steel Corporation. WltAn ~. .a.i-cf
week or two. has received orders tor q to-,.,ts
more than 25O.OO0 tons OF steel rails a ,SI
addir1onal rail capacitv will he eu1ployeu -
thousands Of men returned 70 vorS- S.sl co-s
being received by the United StaleS - N 900
pora tion at the rate OF between ''-'''
tons 4 day. .+,nes
COLD export SITUATION -SterlinS exIs, exc--s-,
enjoyed further strength IN YESTERDAY .--1ss-
rates advancing TO point that suS5s9tIN - F-r
ments OF the metal Tor London 4s - ba shipped 10
Paris and Rotterdam Gold t'u-I 49, mere.
Paris through the sale or SteIil,.- ,ssnls sx.
while the advance in gutlders MAKES
ports TO Holland r+a Ws-
WABASH DEBENTURE INTEH , !, l. - rsnt n
- T9siroa5 Company has declared S Per 80
terest on the debenture a oondS L' 20. bonds.
,,aar and 1 per cent on the debentuEe t,+, cases
naI-abla TlIv 1 This is the same ra'7 III
as was paid six months ago ,.I Metal
COPPER PRICES HIGHER .r Io-@- tsc n
FSxchange has advanced electrolyue pt Cops ,hs bid
me hid and asked price and casting -sC ,sr vas
and asked The actual market loI SoSs- -,ads
hrn7er Yesterday. sales Of electrolyuC O-7
at 13ss cents pound - wallace.
ADDED To ORIENT BOARD--Jonn / -TiIrch.
CHAIRMAN of the board Of Westinghouse, ~ the
Kerr & Co. and formerly chief englH1e1 ~ the
Panama Canal has been elected dIsCee- s-,a1y
Kansas CITY Mexico & Orient Railway Co--5rrE2-
BRITISH COLUMBIA COPPER D1fNEC- C1cui-
The directors of the British Columbia g.5.tor 10
pany have elected Adolph Lew1sohn U-
succeed w S. Crandell. resigned F4e
STEAM PUMP SHARES IN AMSTE- 80 tioirsi
and common shares OF the s,sIt In at
Steam Pump Company are now oelns u'' 80
Amsterdam. LI0IJIz
CONSOLIDATED EXCHANGE EA LLrHe-see,Iiiatsd
board of governors or the - 49, ex-
Stock Exchange vOtetl yesterday 10 80 80 5euart-
change with the exception Of the sIaL. rrfpls
ment on July 8 This will give the oroAelS ,sp-ated
holiday, as the Fourth this year VIII DC S.f-z Of
on Monday. July 3 This was the nrst ~. No. -1sst
The board OF managers. which Will - - .stsn
again until the fall Adjournment oeiHs
lver the hot months
NEW STOCK EXCHANGE ME0IBERs-J- - "a
ey Mellick and George Hyatt have oeen 49, =
members OF the New York Stock ExcnAnfe