New-York tribune., 1910-06-07
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreisn houses
were not active in the local stock nlaL re =,
their sales and purchases being ABOUT even
ly divided. -,
COPPER TRADE CONDITIONS Sell
ers report the copper market quiet put nrIn
at last weeks closing prices or l3tsc 10 rIo IoC
for eectrolytic thirty DAYS ;. d11ntrv with
a tenporary slackening of the interest oy
foreign buyers. Pending the montmnly III see~
tistics which will be made PUBIC W edIlSs- =
dav no price changes Of Importance are e1-
pected. Lake is dull; 1Sc is quotSu LoI 49, >
load lots and a slight shading from t ma
sptocks in this country as Of June TO snow
> SLIGHT increase. with a good lkehhooH
that the worlds deliveries during the iIiol'Ni
will about break even with produclIoh-
1,-r,rr1>-cr1o1-sE ELECTRIC SELLS
NOTES.-The westinghouse EiecJrlC CO.I.
pany has sold TO Kuhn Loeb q 20, ,..s a.,
issue of "a OO0, 90 thTee-yeaT per cent cent liOIT t
to refund an issue Of ss1ogD PEI Cen- -
notes coming due in August The new
notes are being offered for subscription az
par, The balance of the maturing issue y
of reorganization, and this VII car, ,ss'Ia .I
slightly more than S,O0eyu- ne rev io.a1 .P
is secured by deposit of the same coIeeeI d
that is behind the maturing oDAgdIiOi4S-
AUTOMOBILES AND BONDS.:-In their
June bulletin Spencer Trask & Co. say III ~
reference to the current lack or universal
demand for bonds: Our people never OF a
particularly economical disposlIitI5IL, .sze
been carried away by the automoDile craze
and thousands are running cars VINO Can- C
not afford to do so WITHOUT HlOI tsa6LiIo
property. while thousands or o9 otneLS o. 3
now investing in motors who foTmery IN
vested i'm bonds II is calculated that up
ward Of S9OOO00,OoO will be absorbed by tne
automobile industry this year, WhIcn Iep
resenfs the Interest on about two-thirds OF
our entire prospective crops or the presen' u
year This is phase in our poilt1caI econ- 9I--
orny which deserves more consIderdlIol'
than Is usually given to it.
cTOCyIS -GfOckh0td-
ers of the WeIsbach company Will meet on
June 10 to vote on a proposition 10 lncIedSe
the capital stock Of the company S-'Vv.y.J'
The new stock will be per cent cJmuId-
tive preferred. and of the proposed new
issue 81. .225. 900 will be offered at once LOT
subscription at par to the stockholders, tlIs s
proceeds to be applied to the liquidation or
the company's floating debt and the pur-
chase of the Camden County Land com
pany. The United Gas improvement GCI-is 20 =
pany of Philadelphia, mas underwritten the
amount of stock proposed TO De issued at
this time.
DETROIT. TOLEDO & IRONTON.-The
New York Trust Company announces that
It has received payment of the coupons;
due December I. on the general lien and
divisional first mortgage per cent Sold
bonds of the Detroit, Toledo & Ironton
interest on the same for the holders of
bonds deposited with it under the prOtec-
tive agreement of December l, last, and II
it's certificates Of deposit 800 40 on each bond
on presentation of certificates
DIVIDENDS DECLARED-New York.
Laokawanna & Western, quarterly IA per
cent, payable July l; Morris s. Essex Rail
road, regular seTni-annual 3l2 per cent. pay
able July /; the Buffalo Mines Company.
regular quarterly per cent, payable July
I. and an extra per cent. payable August
Is, and Chicago & Eastern Illinois, regular
quarterly IL per cent on the preferred
payable July l.
NTPISSINCI DIVIDEND.-The directors
of the Nipissng Mines Company have de-
clared an interim dividend of 3 per cent
The meeting for regular dividend action
will be held on June 20. The company
has paid per cent regular and 21z per
cent extra since last October.