New-York tribune., 1910-06-10
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses
sold stock on balance in the local Market
to the extent of Loco shares.
DIVIDENDS DECLARED. - Dividends
have been declared as follows: American
Locomotive Company, regular qtt3rterly
Is. per cent on the preferred, payable on
JuIv q Mount Morris Bank, quarterly 2lz
per cent, payable on July I; Lawyers Iltle
Insurance and Trust Company. regular
quarterly per cent PaSa&oie & on n,;srterIv JIy n
IL. per cent. payable on July l; North star
Mines COMPANY per cent; paysoIe S,,,9,l on
pany. Of Philadelphia, regular quarterly
per cent PAYABLE on July Is: Manhattan
Railway, regular quarterly la per cent.
regular quarterly 112 per cent on the com
mon, payable on August :, and an extra
per cent; Phelps. Dodge & Co. regular
quarterly s. 30, payable on June - Garnelc
Safe Deposit Company. regular semi-an-
nual per cent, and an extra per cent,
payable on June p; the SECURITIES COM
payable on July 10; Royal Baking Powder
Company, regular quarterly H. per cent on
the preferred, payable on June So
COLUMBIA TRUST COMPANY.-In the
last week the Columbia Trust Company
has been appointed to certify the following
municipal bOr1 issues: Seattle CWash1 re-
co: Schnectady IN. " school, 10000. soon
to bs offered by the CITY controller: At
Iantic City On. j. city park, s102.000. school.
$4,000. which will soon be offered for Sa4e;
Syracuse N. " municipal improvement.
$4,000. to he offered for sale by the city
controller on June %; Union County (N-
lit & Co.. and land purchase. $4,000. not
Vet sold; Williamson (W. Val street and
improvement, $500. now offered for sale
by the city recorder; BalIStOn spa. IN. >
highway Improvement. $4,000. sold TO local
investors: Altoona IN " school, 5000. sold
TO Edmund Seymour & Co. of this city
SEA BOARD AIR LINE.-The executive
committee of the Seaboard Air Line has
recommended 70 the board Of directors that
the first two coupons of the newly created
adjustment per cent bonds. interest pay
able il earned. be paid for the six months
ended April 30. After allowing for a re-
serve of S14s,s1. permitted by the mort
gage. surplus of 81 .569 0l5 prior TO in
terest on the adjustment bonds is shown
by the company for the period named The
interest on these bonds amounts 10 approxi-
mately s695,0t0.
THE STEEL MARKET.-Consurners of
steel apparently are inclined to enter the
market for material. and manufacturers
oelsEe s,5 tnat ou[1ng VIII be resumed on
considerable scale In the near future There
are some fairly large inquiries in the mar
ket Tor rails and equipment material which
IS taken by the steel trade as an indication
placing their steel requirements much
longer One large steel company is nov
hgur1ng on maximum Of 15.0lO tons OF
equipment material
COPPER PRICES-No change N +b.
price OF copper is noted, though the NAV
statstlcs are disappointing- The United
tHcI1i9 7rAllilS company tS holding its
ing price for electrolytic at IS cents "a
X IS now the only agency OF Importance
that has June and July metal for disposal
II appears that consumers will has 10
come 10 its terms although the statisticsI
Fosluon o1eTs no incentive for buying and
may cause the United Metals COMPANY 70
shade its present quotation
CIAH COPPER.-It is understood that
the S3ov.9eO convertible bonds 10 he iss,,eS
o. the Utah Copper Company win ne =
ilrst nen upon the railroad which is nro-
lected by the company TO connect The r,{rS.
~ Bingham with the mills ar t.ars.SIs
These bonds viii bear per cont ia, ele. on,et,
and will be offered at par 'i''eiVS'
MAY DEPARTMENT STor,rs, -.
I'M IN IA director of the newly incor0Cr-
dteo NAY department Stores Conna0y, ESas
tspoi p .eo Yesterday as saving thar srrIi',e,
tion would be made to have tbs SpvsicS gsl,.s.
6rsSaTr5 oI 1900 10 per cent cumuIetive
the New York Stock ExchanEe "S'e0 On
-rbaoSorS -rbMoSM S1OCk EXCHANGE MENRrP
membersb,n in U'THn SSr las been admitted Ia
change. 'ork stock TX