New-York tribune., 1910-08-17
TOPICS OF THE STREET.

| tsohEIGN TRADING.-Forejgn houses
fnarloet ,1,,t.; aIilount OF stock in the local
pO'iAs out less than 10000 shares.
7,a4..ia AiLEklCAN y SMELTING. - Thompson.
~ q 20; SAID yesterday regarding
/ ..M0hddN .N 5 weakness in American SmeItine9
1 inc ,,- ii,@I 49, ~ weakness in American SmeiI-
| .Iis was accompanied by renorts not only
that dividends would he raI,,os =. Y,rteinE
oy Tue way, Is not true) h,1. also that the
coliinPally tliPy was feeling the effect Of the cur
dIcers TI,r ga Hag by the copper pro
@nerican smelling and Refining COMPANY
- - hot interested in the treatment of COP
tS1 ores, except upon a very small scale
ABOUT 80 per cent of its smelting business
~, ~ IN tae treatment of silver and lead ores
op-ned s;tst ssii,1elln lem copper smeIters are
Srnelung Securities COMPANY hut il IS
Iti.-cete ~ - 70, Lor the Street TO diferentiate
trs,, 60. ~ tNo: or course, if the Amer
lcalR Stneluns Securities Company could
not earn It's dividends Guaranteed bv The
American smelling and Refininr Corn
,Sa-,s' - tI'StI 81, tiIe latter company would be
tLoIe OF less Interested. but as q matter
OF TACT the curtaiIment affects earnings
oA the securities company TO a very lfnn-
1ted extent Il has undoubtedly LOST some
small custom ore Shipments bv reason Of
the low price OF the metal. but c1IrtaiI. !.
Ileht should bring about Improvement in
..eLS 1aNeLS 20 resume shipments. The
American Smelling and Refining COMPANY
- Hpt having a particularly prosperous
seaSolA N It's Mexican operations this year
but the Improvement in the price of silver
should in the end be very beneficial to the
company
ROME, WATERTOWN & oGDENSBURG
BINDS SoLB--The Rome, Watertown &
oSdenSburS Railroad has sold TO bankers
S4Is,uo0 ilrst consolidated mort gage 4 per
cent bonds, due 1922, 10 provide for the
Sc,, "a a., :. Iiie issue OF Watertown &
rome Ifst mortgage 6S, maturing Septem-
Der l. 1910 These bonds are guaranteed
prlncipai and interest, by the New York
central u Hudson River Railroad. are tax
exempt In New York State and are a legal
Investment for trustees and savings banks
IN New 1ork, Massachusetts and Connect1-
cut Inere are outstanding under the
nrSt consolidated mortgage S9.076 900 :
per cent bonds and $500, 900 315 per cent
bonds. and the issuance Of $4,000 per
cent LAY exempt bonds closes the mort
gage Practically all of the bonds have
been Tesold.
DIV IDENDS DECLARED - Dividends
nave been declared as follows The New
York and Queens Electric Light and Power
on the preferred, payable September / the
Associated Merchants Company, regular
quarterly = per cent and l. of per cent
extra on the common. payable August 81:
the United DTygoods Company. regular
quarterly 4 per cent payable September
:. Inc EInira Water, Light and Railroad
Company, regular serni-aunual 21% per
cent on the preferred, payable September
l; the Federal Mining and Smelling Conn
pany, regular quarterly ] = per cent on
the preferred. the Manufactured Rubber
Company. regular quarterly 11% per cent
l..
the American Writing Paper Company,
regular semi-annual l per cent on the pre-
teTTed, payable October /.
NORTHERN PACIFIC-The directors of
the Northern Pacific were summoned to
d meeting at the company's office in the
Mutual Life Building yesterday afternoon, |
and the unusualnesS of the proceeding-for
the board seldom meets in the summer
10 an expectation in some
quarters that important action would fol- /
low, II was made known at the conclusion |
OF the meeting however, that 1t was merely !
called 70 secure the boards approval of /
some relatively unirnportant matters, and /
that outside of this routine business moth /
ing came up for discussion.
GREAT NORTHERN ORE DIVIDEND. |
The trustees of the Great Northern Iron /
Ore properties have declared a dividend of /
y cents q share, payable September j.. A /
dividend Ter the same amount was declared /
six months ago and one OF 81 q year ago /
in announcing the dividend the trustees
say that holders OF temporary certificates
may present TIE same for exchange for the
regular certificates at any time.
REGULAR B. r T. DIvIDEND-Thel
directors Of the Brooklyn Rapid Transit /
company have declared the regular quar- |
teTly dividend Of - per cent on the capital !
stock. payable October l. Earnings of the /
company throughout the current summer
months have been heavy
GOLD ARRIVALS.-Lazard Freres have
received $S3n,e9o gold by the Kronprinzessin /
-eclle from their London house, and Gold /
man. Sachs & Co approximately 24l100 bv |
the same vessel
FOR STOCK EXCHANGE HOLIDAY
Ire floor members of the Stock Exchange
have petitioned the governors to suspend
business on the Saturday preceding Labor
Day.
EXTRA COTTON EXCHANGE HOLI-
DA1--Ihe members of the New York Cot
-on Exchange viii vote to-day on A promo |
.ltlon u close the exchange on September |
: the Saturday preceding Labor Day
CONSOLIDATED GAS NOTES.-The Ma
ional city Bank took over the 100000 J
per cent notes Of the Consolidated Gas
-ompanE, which were renewed on August
n.