New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-06-14
TOPICS OF THE STREET.

popE1c.N TRADING houses
were not active in the local stock marker.
sales and purchases on arol5rag 60 or
ders in United states Steel. Reading, ROCK
island and Amalgamated bore the ear earrq 1s,r
of operations from New York for the puI-
nose of driving in the short interest
sOCIETE FINANCIERE FRANCO.
AMERICAINE.-At the general meetIg ., %
the stockholders of the Societe FlrehGTl ls.L
Gfa1pa at el1 OF per S cent
the paid-up capital was declared IC odo W
fiscal year ended on December 81 COS ~ T6e
dividend will be payable in New OK on
and after tomorrow al the Once or SpeSsi
&, Co. and. after deducting the F1Snc I 70. 90
amounts to Y francs share. ne PIeo.
Iininarv report of the Societe SHOWS net
profits for the year 1899 aggresatlns a0oa 90
10000 francs After settlng ISL enT,-e &c
count and after writing on lIe eH Hk. -
ance of the discount of the SocletS ~ o,
standing debentures. there retna ,,1 aso 81,
surplus for the year of ABOUT -
francs The balance. after payment OF OF. IN IN
dividend of per cent and other deou. =. ~
is about 10000 francs. which. ADDED 20 .a1e
r3,rniS,e of preceding years, brings the 70
tsI Fei1rnIus carried forward TO 1os."
francs This does not include the sta 5ao ~,
raeerve which now stands at ABOUT 49,
francs The Societe Financiere FRANCE 60
Americaine was organized in the year Ig19
bv Speyer & Co, of New 1orh' am o.
Ran0ue de TUnton Parisienne, OF rai ~ =,
Nth the primary object OF investing us
fIrds in American securities The New
York committee Of the s fsa1in iT' Norman
+. Ream and Richard Schuster.
WHAT ONE BANKING HOUSE Dr.
T TEVES-In their weekly market Iett ~
Shoemsker, Bates & Co say; so IaI 90 90
~. wisdom of the railroads is concerned IN
attempting to raise rates we are " A.
doubtful mind. From our point o., vi VI ro,T
vas unWise to a degree we nave 80
somewhat reluctant to express posltiTse en-
the. view which we have entertained ous
we are inclined to do SO, as We nay ei Dt tT,e
(reeiy speaking our mind conceriIhS ~
mart which the government mas reGehtlS
rIsved The truth of the matter reahy ~
pears to be that at the presett nortion
of them are earning good returns OIL tne!T
property and are doing an exceIlel1 pT Tho
ness in a fairly satisfactory way ;ro
railroads are suffering, TO pc sure, d T3 -,
deed we all are, from the fact thdt h4uI
dation following the great panic was Hot
Ierr1itted to run its course. and one OF lIe
r..s1Its is to be found in the higher wages
about to be paid 10 employees; out We SUI
NIT with full confidence in the Sounuheso
of our conclusion that higher rates. per se,
will not increase investment dena rename mGl
permanently strengthen the nnancldi poSl-
ton OF the railroads.
ATCHISON CONVERTIBLE BONDS
An initial call of about % per cent has
been made on the subscribers TO the synqi-
cate which underworld the SlS.UVVo a rcIIl
sor. Topeka & Santa re RallWay -
pany per cent convertible bonds which
were offered to stockholders last april
PAYMENT on account of the UNDERMINING
to that extent was due YESTERDAY WINE
no announcement has ever been issued CON
corning the amount of bonds wh1cn tne
shareholders subscribed for, 1t is general
Nv believed that they did not take mucn
mere than 10 per cent Of the issue, so that
this call will involve the payment OF proc
ably close to s1oo0o.o00 to the syndicate
managers.
DIVIDENDS DECLARED - Dividends
have been declared as follows: Toledo.
ST Louis & Western. regular quarterly
per cent on the preferred. payable July 10;
Northern Central Railway. regular semi
annual 4 per cent. payable July 10; St
Louis Southwestern, regular semi annuai
2Ik per cent on the preferred, payable July
-: American Caramel Company. regular
quarterly per cent on the preferred, pay
able July l.
RAILROAD EARNINGS INCREASE
Railroads reporting gross earnings for the
first week In June show as a rule sub
stantial gains over the corresponding time
last year. Returns of ten companies re-
ceived yesterday presented a total increase
of s237, 45l
TRUSTEE OF GREENWICH SAVINGS
BANK.-L2wrence l.. Gillespie, viCe-preSi-
dent of the Equitable Trust Company, has
beer elected trustee Of the Greenwich
Savings Bank.