New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-05-05

FOREIGN TRADING.-Foreign houses
were active buyers in the local stock mar
ket. their purchases Of between 5000 and
10000 shares being the heaviest recorded for
any one day in recent months. The heavl-
est operations were in United States Steel
the Hartman stocks, Northern Pacific and
Rock Island.
BUSINESS CONDITIONS--Spe Trask
& Co in their. bulletin for May say Of
business conditions: While we notice no
decided. or, at least. no important. check
to business. our investigation of conditions
in general leads us nevertheless to the con
clusion that there Is certain amount Of
drygoods and tewelry trades. This ~ no
doubt due in large measure to the fact that
hand -to-mouth policy until they saw that
the trend was clearly toward better times.
when they stocked up TO an unhealthy eX-
tent. The stock then purchased ana cor
traCted for remains unsold 70 an appreCl9-
BILE extent. and this is having the dual re-
suit of curtailing new orders and ma KING
collections distinctly slow
DIVIDENDS DECLARED. 49, Dividends
have been declared as follows The Butter
ick Company, regular = OF / per Ceht'
payable June /. American SHELTERS Securt-
ties COMPANY. regular quarterly IL Ter cen.
on the preferred B. payable June /; Crex
Carpet Company. sent-annual p per cent
payable June Is. and Diamond Match com
pany. regular quarterly IL per cent. pay
BILE June Il.
CAR ORDERS New York central
has ordered 1000 all-steel hopper cars from
the American Car and Foundry COMPANY
and 100 general service ears from the
Pressed Steel Car Company. An order has
been placed with the Barney & Smith car
Company for forty chair. one club and eight
dining cars. and with the American Car
and Foundry Company for ten chair cars
by the Chicago. Burlington & Quincy
COPPER LITERATURE-Spe letters
dnSPr gbin ar 5st o Ior9 Palmer T'PPP sT
been prepared by j. Thomas Reinhardt.
giving the principal facts regarding these
Companies and showing the situation NJ
10 defe The letters on the copper stocks
are of particular interest at this time BE-
cause of the present decline in copper Sc
curities as whole, These letters are sent
on request
AMERICAN TOBACCO DIVIDEND -
The American Tobacco Company has de
clared the usual quarterly dividend Of 2l7
cent Ger on its common stock The extra dis
bursement compares with per cent at this
time last year. Both dividends are payable
June TO holders Of record Nav Il
MECHANICS AND METALS NATIONAL
BANK-Tha Mechanics and Metals Ma
ttonal Bank has declared an initial quar-
terly dividend of per cent, payable MAY 10
TO holders OF record MAY 6
NEW CONSOLIDATED MEMBERS -
Adrian r Allan. a member OF the New
York Cotton Exchange J. z. Hulshizer and
members of the Consolidated Stock Ex-
change
NEW PUGET SOUND DIRECTOR-H
N. Byllesby, OF Chicago. has been elected a
director of the Chicago, Milwaukee & Puget
Sound Railway Company.
AMERICAN BRAKE SHOE AND FOCN-
DRY--The American Brake Shoe and Fouu-
dry Company. the stock olderS of which
recently authorized an increase Of S2.ONt05O
each I'm the preferred and Cornmon stock.
has offered 10OS0 shares OF the new pre-
ferred stock TO stockholders OF record on
May at Sl0o a share in the proportion or
IS per cent of their respective holdings.
The proceeds of the stock VIII be used in
acquiring the plants of the FeatherStoue
Foundry and Machinery Company and the
National Brake Shoe Company.
Low PRICE FOR CORDAGE SHARES.
AT the weekly auction safe OF securities
yesterday siXty-Seven shares OF stock OF
the standard COrdaSe Company. which was
placed in a receivers hands on Tuesday.
were sold at So for the lot. The par value
OF the shares is SlO0.