New-York tribune., 1910-08-26
TOPICS OF THE STREET.

FOREIGN TRADING.-F'oreign houses
were buyers of stocks in the local mar heI
for the first time in week or more t5oasand raf
shares While the larger part or the puS
Ing was for London account, falT pI9-
portion of the orders came from the Coii'i-
nent.
DIVIDENDS DECLARED. - DIVIDENDS
have been declared as follows; American
Locomotive Company. regular quarterly IA
per cent on the preferred. Payaole Ccreu rea,,.
lar quarter 1s4 per cent on the preterred.
payable October 1; Lord & Taylor. regular
ferred, payable September 1: Boston q Al
bany, regular quarterly g. payable sep
tember 30; Chesapeake x Ohio, regular quaI-
terly IL per cent; Railway steel Spr1ns
COMPANY, regular quarterly ia per cent,
payable September 20, and Sears, Roeouch
& Co. regular quarterly 81 % snare Oh
the preferred, payable OCTOBER /
LACKAWANNA STEEL COMPANY
The directors of the Lackawanna steel
Company at their regular meeting YESTERDAY
authorized the expenditure of about Sa'.o'"
for the immediate construction OF an ao !
ditionaI merchant mill at Buffalo rms IS
in keeping with the boards policy or fur-
ther diversificatiOn OF the LackaWa ma
Steel Company's products and VIII ehaoI9
the company to distribute more of its steel
among consumers in its natural territory
DIRECTOR OF THE MINT.-A dispatch
from Chicago states that George T. ROD
ertS formerly president of the CoInnercldI
National Bank which consolidated with the
Continental National Bank of that city.
has been offered his old place as dlrec,
tor of the United States mint, to succeed
A Piatt Andrews, recently appointed an
Assistant Secretary of the Treasury MI
Roberts is one of the best known autnori-
ties on money and banking topics III thlS
country.
ATCHISON'S JULY EARNINGS-Gross
earnings of the AtchisOn. Topeka & santa
F'e for the month of July showed an N
crease of S279 26S. against an increase IN
June of 1856. SO. Net earnings In 'ally m
creased S1l.3S5, compared with decrease III
June of $500 Since January l net earn
ingS show d loss of $l,52l,I62-
UNITED STATES STEEI. SALES De
PARTMENT.-Char W Baker. manager
of the sales department in the New torh
district of the United States Steel Corpora
tion. has resigned, and Charles c. Cluf
has been appointed to succeed him RIch-
ard Wayland Smith succeeds Mr.. cum as
been identified with the Steel Corporation
as general manager of sales in the New
York district since its orSan1za ton
STOCK EXCHANGE SEATS HIGHER,
The Stock Exchange membership or W n
HoughtaIing has been posted for transfer
to Leslie Herman. The consideration was
$72.500, the last preceding sale having pee1
made at $4,000, while few weeks ago Two
transfers were made at $500 each
RAILWAY STEEL SPRING.-W: FL
Marshall, president of the American. Loco
and member of the executive committee
of the Railway Steel Spring Company, 70
succeed the late W. H. Snderth"rn. +. :
| Fitzpatrick was also elected a memoer OF
| the executive committee
GOLD FOR CANADA--The local agency
| of the Bank OF Montreal shipped S5Fl,VV
| gold coin TO Canada yesterday.
| NEVADA CONSOLIDATED EARNINGS
| The net profits of the Nevada ConsoH-
dated Copper Company last month aggre-
| gated close to s450O0o. or at the rate OF
| & 100000 a year The dividend require
| nents of the company are 100000 a year
This showing was in the face of the low
i est average price for copper in several
/ years Earnings from the Nevada North
| ern Railroad and the smelling plant con-
| tribute largely toward lower costs. The
| cost of production of the mine over the
| last three months was less than cents
/ a pound. and the amount Of copper ex-
| tracted in the same period was approXi-
/ mately 19.500,000 pounds, or at the rate OF
! nearly S0Oo0,000 pounds a year
| COFFEE EXCHANGE HOLlDAY:-The
| Coffee Exchange will be closed on Satur-
| day. September 5. preceding Labor Day.