New-York tribune., 1911-02-16
TOPICS OF THE STREET.

rOREIGN TRADING. - Foreign houses
were not active In the local stock Market
dealing IN iesS IrS ,nan o." & Snafes s;.oo.ors Of
tho Texas e. Pacific Railway Company met
Yesterday to consider the payment OF ~
;erest on the second income bonds, ana -
was decided not to order the paymeans,r ~
any part OF the per cent annual inleress
IN which the bonds are entitled r When
earned. No payment was made In eltnst ni
Isos st or or 1910 In 1905 the rate was only $.z
per cent while from lsg 10 lsy was
made. Less than sl.0O0O00 OF the bonus o.
nmtstanding, the balance having been eH
changed for st. Louis. Iron Mountain
Southern 4s
DIVIDENDS DECLARED. Dividends
have been declared as follows: the Sta.n .,s
ard OIL Company. regular quariters Cas- @
payable March Is. The American at o
navable March /. The Associated Mer-
Chants Company. regular quarterly y. pei pei
cent on the common and one-hat 9i Tbo
cent extra, payable Fenruary y,,iar ouar-
terly IL per cent on the preferred, pay 49,
March l. The Homestake Mining Gothpany, sary
regular monthly 80 cents, payable feo, eno,,,ar
25. The Detroit Edison Com2ha,nS' nrti i5.
The Federal Mining and Smelling OVno ,be
pany, regular quarterly IA per cen cen' meri- Al,
preferred. payable March 10; me hoo,,arterly n
can Railways Company. regular qo@i
Ia per cent, payable March 10.
70 OPEN WASHINGTON OFFICE, -,
James g. Colgate & Co., or NO % VII,
street, New York. announce tnat thes WL'
open branch office In Washington; q. ,So. e,e.
ment of j. Upshur Moorehead. Inc Masna
ington office will be connected oy prIsa'o
wire with their main office IN New YORK.
MORE ORDERS FOR STEEL RAIL- RAIL-,
The Illinois steel Company regoirn ,-,na o The
for 200 tons Of steel rails placed during tn9 ;
last week. There is considerable adcIllg.ld, a.
tonnage under negotiation with the Chi'e'
States Steel Corporation rail- Mills ..
NEW ELECTRIC BOND AND sbahI;; Iar y;
DIRECTOR.-At the annuad ann Bd ,"sn snd Share
| Company, held In Schenectady, tne reLiItiIe
directors were reelected, with the excep-
ton of Russell Armstrong, VINO was SUI
ceeded by Frederick A. Farrar
IrNrTL,n ET ECTRIC SECURITIES.-The
Tinted Electric Securities Company repoI -
! for the year ended December 81, wv ne. h
profits of S1l4355, against $l2l,Sio IN 'nc 'e'1
! before. go,
ILLINOIS CENTRAL-C. H.. Markham,
| nresident of the Illinois Central, mas ueeh
eiected a director of the company, succeed
| Ing ]. T. Harahan. resigned
| OFFERING OF BONDS.-Spencer IrdsiH
| e. Co. William Solomon y 90. anu h59i, a. .
Kinnicutt q Co. are oHering, at coai ~ a' Corr
papv first and refunding mortgage PC
cent. bonds, a large part Of when nave o. o.
| ready been sold. The proceeds rom ro,ire tre
/ sale of these bonds Will be used 10 retire
about Sc, sos. 900 prior len bonds. and the re-
mainder will be expended upon recentiS }
acquired tract Of 100000 acres OF coal ia4Ss 1Ss
..EuI,bnrn Eield paid for entirely out OF
s., 90, 600 capital stock just issued. TIE Thhee
outstanding bonded debt i'm the hands OF the me
public is 500 600, 600, Including the pre-
issue OF $1,000. 900 bonds. while the ap-
praised value OF the properties is given as
| So, ,0o4, ,0i6.