New-York tribune., 1910-12-09
TOPICS OF THE STREET.

foreign account in the local market amount
ed to an uninportant total saies anu p"'
chases being about evenly dlFluSu-
DTVIDENDS DECLARED. - Divi0erds
have been declared as follows: Ihe Itiai .
amy Trust Company regular quarIg%rrIy %r .
per cent. payable December 81 I ne ,,,I3- = ,io,-
Traction Company of PhIIade!pnIa Ttslllos- NC
ser1i-aunucI 3 per cent payable JahHdLy
The Niagara Falls Power Company Fs5u-
lar quarterly g. payable January 10; 1@ile @
1I,7tt4sT -TrlTs1 COMPANY of WestchesteT
County regular quarterly IL per cent pay
able December q. The Securities Coihpdity
regular seTni-annuaI ~ per eene, RSS nd
Western regular quarterly per cent or
the preferred. payable January 10 Lne
American Cigar Company regular seIli- sII
annual 3 per cent on the preferred. payaDie
January 3 The May Department stores
regular quarterly ia per cent on Lhe pre-
ferred. payable January !
ST. LOUIS SOUTHWESTERN DI !
0FND CTTT-The directors OF the 81
Louis Southwestern Railway at their Ineet
ing Yesterday declared a sem!-annual dlNl-
dend of per cent OF the pTeIeTreG slGS, q.
a reduction of 1 per cent from the Iasc .
preceding seIni-annua1 payment AileE .tis
meeting il stated that IN View OF LlIe
increase in operating expenses Inc 9Ir rSc1OL
considered IT wise. 10 make the dividend AT
this period on q basis Of I per cent rather
than per cent The issue was placeu OH
a 3 per cent basis last January
DETROIT EDISON--The Detroit Ed1son
Company has sent a circular 70 snare
holders announcing that the company mas
decided to issue at once Si.5D,cto or It's u
wear s per cent convertible bonds. being the
balance Of an issue of 5000 0lJ authorized
by the shareholders last February. Fro-
ceeds of the new issue VIII pc useo To- 20
construction requirements. ana 10 pay OF
as many Of the convertible debentuTes Que
September, 1911. as shall not nave Deeh
converted into stock by the holders
WESTERN ELECTRIC = The Western
Electric COMPANY has declared an extra
dividend Of per cent, payable Decenoer
81 The company also has declared a divi-
dend Of l 1-5 per cent for the TWO months
ended December PAYABLE December 81.
The company has cha0"ed It's nScaI year,
which heretofore has ended on November
and the I 1-3 per cent for the two months
ended December l IS al the regular per
cent annual rate
FIDELITY AND CASUALTY COMPANY
president and secretary OF the F1delltY ana
Casualty Company. has been elected pTesl-
dent to succeed the late George F. Seward
Frank z. Law. second assistant SECRETARY >
succeeds 10 NIr HiIlas's position
NORFOLK & WESTERN.-On the basis
OF its earnings from July 70 OctoDer
the Norfolk & Western Ra1lway VIII snow snow
upward of II per cent on It's common STOCK
for the fiscal year ending June 81, 1911 IN
the last fiscal year the company earned Lbs
per cent on the common
APPLICATION TO LIST. - Application
has been made TO the Stock Exchange TO
list s15Oa000 Southern Pacific San iran
cisco Terminal first mortgage per cent
bonds and So. co.. $50 capital stock OF the
P1IfIfc Service Corporation of New Jersey
ELECTED TO TRUST COMPANY
BOARD-Walter Kerr has been elected
q trustee OF the New York Life insurance
and Trust Company TO ill a vacancy
ELPS-DOpGE & co. DIVIDEND
Fhelps- Dodge & Co. have declared an eA-
4ra dividend of g and the regular quar-
terlv dividend of 81 %, both payable De-
cemher 80
BALTIMORE & OHIO--At a meeting OF
the directors OF the BaltlInoTe q oI.to ~! 43l
road the officers We're reelected Win Lle
exception Of G. L Potter third Vtce-pTesl-
dent who declined reelection
SEAROARD AIR LINE.-The executive
committed of the Sea board Air Line kali
UHv mas recommended the declaration OF
the full six months interest or II per cent
OF, the company's adjustment bonds. pay
cbIe February L
NORTHERN SECURITIES DIVIDEND
The Northern Securities Company has de-
Clared an annual dividend OF per cent
I,avabIe January 10. a year ago the d1Vl-
dend was 21e per cent
ST-GAR PRICES HIGHER--The Amert-
can Sugar Refining Company and other
refiners have advanced the price or re-
fined sugar 70 points TO 40 cents, less the
usual per cent for cash
NORTHWFSTERN BONDS. - The Chi
cago 6 Northwestern Railway general
mortgage bonds. recently purchased by
Kuhn. Loeb & Co, have all been sold.
MONEY FOR SAN FRANCISCO.-The
Sub-Treasury transferred S25e,O0O TO san
Francisco yesterday for the account or
local banks.
NEW COTTON EXCHANGE MEMBER
-Ceorge NJ Pvnchou. OF New York. has
been elected q member Of the Cotton Ex-
change