New-York tribune., 1910-03-11
TOPICS OF THE STREET.

FOREIGN TRADING Foreign houses
dealt in e.of0 shares in the local stock mar
ket. sales and purchases being about evenly
divided
DIVIDENDS DECLARED. - Dividends
have been declared as follows The Law
yers' Title Insurance and Trust Company.
per cent, payable April /; Knickerboczer
Ice Company Of Chicago, 3 per cent on the
preferred, PAYABLE April I, Chicago Title
payable April !. Manhattan Railway Com
pany, regular quarterly Ia per cent, pay
able April !; Colonial Trust and Savings
Bank Of Chicago, regular quarterly ? per
cent and al extra one-haf Of l per cent,
payable ApTtl !, Phelps. Dodge s, Co. regu-
iaT quarterly g 81, payable March 81: To
annual on the preferred stock, payable
April 15; American Agricultural Chemical
Company. regular semi annual per cent,
payable Apri 15 J. II. Duuham & Co. regu-
lar quarterly IL per cent on the first pre-
ierred and IL per cent on the second pre-
ferred. payable April !. Union Bag and Pa
on the preferred. payable April Is; Agricult-
Ural Chemical CoTnp4ny, regular quarterly
u per cent on the preferred; Pittsburg.
Youngstown & Ashtebuia Railway, S1e per
cent on the preferred and 81 per cent on
the common, payable March -; Colorado
& Southern, regular senI-annual per cent
April 1.
EUROPE TAKES sEABOARD BONDS.
-Announ cement as made here Yesterday
Of the sale of approximately 100000 of
>
Per cent bonds 70 foreign interests. The
bonds brought - These bonds are part of
the new issue Of S25,0oo,0o4 authorized TO
help the read out Of its receivershp. OF
the amount authorized :5.5+Jco0 was re-
serTed to be exchanged for the general
mortgage . per cent bonds then outstand-
ing, while the remainder, $4,000 000, was Of
fered 10 stockholders at 20. They were uu-
derwritten by O. syndicate Of Baltimore and
New York bankers. headed by Blair & Co.
and Ladenburg, Thalmsn & Co, Of New
York. and Middendorf. Williams & Co. Of
Baltimore.
PUBLIC SERVICE BONDS-J 2. Nor
gan & Co. IN conjunction with Drexel &
Co, Of Philadelphia, announce All issue of
Ss, ,0oo,0q general mortgage , per cent sink
ing fund ffty-year gold bonds Of the Pub
lie Service. Corporation Of New Jersey.
Having sold more than %1.00Q.G00 OF this is
sue, they offer the remainder at 97 and in
terest: They are part OF an authorized is
sue Of 5000 coo. Of which si3,5ooo19 are out
standing. interest upon them is payable
April ! and October J. on and after OC-
tober /. 1873. the bonds are liable 70 be
drawn for the sinking fund at t05 and ac-
crued interest. aHd after October l. 1919,
the compaHy has the option 10 redeem the
entire Issue at he same price.
NORFOLK ( WESTERN CONVERTI-
BILE BONDS Directors Of the Norfolk &
Western Railway Company have decided to
offer 70 preferred and common stock hold
ers the privilege of subscribing a par to
! per cent convertible bonds 10 tie extent
OF L per cent Of their respective holdings.
Warrants viii be issued 10 stockholders in
due course. The C0lupsnT 5 statement does
rot give the date on which the books close
for rights, but a further announcement viii
be made shortly. The amount OF bonds re-
QuTed under this offer VIII be between SO
00O0Q0 and S1l 600 90. These are bonds of
the present convertible issue.
LOCOMOTIVE ORDERS.-It is under
stood that the American Locomotive Com
psny Is nov bidding upon oruers for eleven
hundred locomotives for which various
railroads have entered the market within
the last two weeks. This f. the largest
number of locomotives asked for at one
time since before the panic OF 1867, and viii
an expenditure Of about So
0C0 0g0.
YOKOHOAIA SPECIE BANS The New
York agency of the Y0kOhoma Specie Bank
received d cable dispatch from the home
Office yesterday that the directors of the
institution have declared dividend at the
rate. OF i per cent Il year for the last six
months Of 1909 At the meeting OF the
board one director retired and his place
was not filed. Otherwise the board was
not changed
CHICAGO & ALTON SELLS NOTES
The Chicago q Alton Railroad Company
has sold to the Guaranty Trust Company
s. 800 600 three-yeaT > per cent notes. The
latter Is Offering the notes at $685.. or on
~ per cent interest basis.
FOREIGN TENDERS FOR CITY BONDS
-SHliEmaU Brothers, OF London. have been
authorized hy Controller PrenderEast 10 re-
celve and transmit tenders for the issue OF
so On0 oG6 4. pev cent tweutv-tfty-year New
York city bouds. which viii be offered at
public sale on March 4.