New-York tribune., 1910-01-06
TOPICS OF STREET

FOREIGN TRADING-Foreign houses
...if in 10000 shares in the local market
ees-i,- 10 q small extent on balance Lon
a. has taken little interest in American
ss,rks 50 far in the current year. but bank
- are locking forward TO sales of slib-
FATAL amounts of new mortgage issues
:" foreigners in the course OF the next few
rsonths.
FTRED-Clark. Dodge & Co. are Offering
- investors at esls and interest. Welding
g per cent to the investor. s,2isooO first
srd refunoing sinking fund mortgage
twenty-five year per cent gold bonds due
-ers The present issue is TO retire an
sSusl amount OF prior liens. or the balance
e. 81 500 is reserved to retire an Other
aonds OF the system and $lo,0ss 200 for addi-
sions and permanent improvements at s.
per cent OF cost William G. Evans, presi-
dent Of the company. in letter to the
bankers. says the company was incorpor-
atsd in 1929. and operates the entire street
-1ii-sg system Of Denver CONSISTING ~ seq
--iles Of track, serving a population az 40
eoa The bonds are followed by s6 0o0. .0n0
cspital stock paving per cent a year. and
having a present market value of about
s0o0ee- The net earnings of the COM
pzny for the year ended December 81 1909
were S. $40. 54o; total charges, Seeo 545. ieav-
,ng q surplus Of s7aa,e9I.
AMERICAN LIGHT AND TRACTION
The directors OF the American Light and
Traction Company have declared the regu-
kr quarterly dividend Of Ia per cent on the
prefe-Ted stock. , per cent cash and 2Iz
psT cent stock on the common. payable
February J. Warrants for the stock diyi-
6end VIII not be dealt in by the company.
as was done with the two preceding stock
dividends, Upward OF 400 shares Of COM
mon stock more than the two preceding
dividends have been bought from the com
p6ny under the arrangement OF selling fun
shares 10 holders Of fractional warrants.
BENJAMIN Strong, Jr-. vice-president of the
Bankers Trust Company, has been elected
q member OF the board Of directors. TO sue
ceed the late George p. Sheldon. and James
NJ Mccarthy has been elected to the ex-
ecutive committee
COPPER SALE RATIFIED.-Cable ad,
vices from London yesterday said that the
shareholders Of the Boston Consolidated
Copper Company had unanimously ratified
the sale OF the company to the Utah Cop
per Company.
DIVIDENDS DECLARED. Dividends
have been declared as follows: Atchison,
Topeka & Santa FNe, regular quarterly 10
Eastman Kodak Company, extra 7Ik per
cent on the common. payable February !:
National Reserve Bank. regular semi-an-
nQal 5 per cent payable January TO-.
BIG FOUR" DIVIDEND.-The directors
OF tie Cleveland, Cincinnati, Chicago &
ST. Louis Railway have declared a semi
mon stock The last preceding dividend
was per cent. declared in March. 1905.
GOLD EXPORTS-Gold coin TO the
shipment 10 Brazil and $5Oe 600 for shipment
70 Argentina Total exports since January
:, sl.3500o0.
SAGAh PRIZES hlGHER--Ail refIuerS
O. sugar have advanced the list price for
standard refined 10 points, making the price
4-e5 cents a pound, less l per cent for cash.
APPLICATION TO LLsT-AppIication
has heen made 70 the Stock Exchange TO
list sl.ea0oc0 additional preferred stock of
the United DrygOods Company.
PHILADELPHIA COMPANY STOCK
FOR LONDON.-The recent issue Of & 76e =
ofl Of Philadelphia Company common stock
which was offered TO the stockholders at
par. was unoerSritten by q powerful Lon
con syndicate. headed by the Swiss Bank
veretn- with view Of effecting the intro
ouctloH OF this stock in the London mar
Eet- The United Railways Investment
Company is the holder of S24 200 600 OF the
common stock Of the Philadelphia Com
pany. or approximately IS per cent, and
n order 70 facilitate the operations OF the
London syndicate and enable a substantial
block OF this stock TO be acquired for that
market Il was announced yesterday. the
Investment Company has agreed 10 waive
Us right 70 subscribe TO the new stock 1t
Is the intention Of the syndicate 10 have
rrs entire capital stock Of the Philadelphia
company listed on the London market AND
the price OF introduction VIII be fixed at
az, London terms.