New-York tribune., 1910-06-28
IlPICS OF THE STREET

.opr1GN TRAD1NG.-Foreign houses
| ia on both sides Of the local market
Geo en6 purchases being about evenly di-
/ yideS- Ro's'4 -''VN'
s,-opPER NARKET-Sales Of electrolytic
W we're reported yesterday at shade
sot5t.- 72l5 cents q pound. The mines out
W. ~ af the Amalgamated Copper Company
So - making fairly large sales. hut at con-
sa.eeions IL is estimated that the Guggen-
90 PhelDs-D Dodge and other independent
Hes-noanies have sold close to $1,000 600
Soo,,T5ds of copper this month. but the prices
feVe not averaged much over 1872 cents a
l.ss,,Td net. sales made by the United Met
e Selling Company have been small 1t
~ estimated that the United Metals Selling
SNnf.Sny has on hand between 100000
and i0ae0.ee pounds OF copper, the most of
ssrich il could sell IL IL dropped its quota
M 10 the price asked BY competitors
n.1orts IL Of copper continue 10 establish a
Nv high record and as exports are COM
rsratiNely small, an increase in stocks this
month is foreGcne conclusion
WESTERN MARYLAND. - Western
MARYLAND has secured about 20 per cent of
-be construction of the new extension from
S1T1nberland, Md. TO Connellsville Penn.
and this property has been decided over TO
secured rigt:t Of way lie in the State of
PENNSYLVANIA. The company expects no
sifRculty in obtaining the remainder.
APPLIcATIoN TO LIST.Z2APplicatio
lis; sS.5e0.0oo New York. Susquehanna <
western Railroad, Midland Railway of
New Jersey, first mortgage per cent bonds,
and Sll4 90 ST. Louis, Iron Mountain q
Southern Railroad. River and Gulf division,
frst mortgage per cent bonds.
DIVIDENDS DECLARED. - Dividends
have been declared as follows: The United
Meals Selling Company, regular quarterly
3 per cent: Il. B. Clafin Company, regular
ouaTteVly ? per cent Oh the common, pay
SHE July Is, and National Light. Heat and
Power Company, regular quarterly Ia per
cent on the preferred, payable July !.
PABST BREWING STOCK-An Offering
Is being made by HallgarIen & Co. at s9
snd accrued dividend from June is of the
lins0ld balance CT 8 100000 ! per cent cumu-
lsIive preferred stock OF the Pabst Brew
ing Company A large part of the issue
already has been placed for permanent in
yes -Tneut here and in Europe Subscriptions
xiil be opened at 10 a. m. Wednesday. June
% and close at =. m. on the same day, or
earlier. An initial payment Of $40 a share
must accompany all subscriptions and the
balance VIII be payable on July /. The
Pshst Brewing Company has an authorized
csrftal Of s.. .eo0O90 I per cent cumulative
preferred stock, S1o,o 00,oo9 common stock
and s., 69e.9oo first mortgage serial per
cent bonds The preferred stock IS re-
deernab bic at the option OF the company at
sny tine at lis and accrued dividends.
Gross assets of the company on December
q last aggregated about 100000, exclusive
OF good viii and trade marks, according 10
8 statement issued 10y GustaVe Pabst. pTesi-
rrentS and buildings exceeded IS, O90. coo, sun
drv capital assets amounted TO about $780,
0s and quick assets to about $6,000,0e0. The
average annual surplus earnings for the
last I'VE years after deduction of bond in
te7esI were SSI75l3. For the fiscal year
ended December 81, after deduction of bond
Interest The surplus earnings were S943rsS0,
which Is equivalent to over 47 per cent on
lines the amount required for the dividend
thereon.