New-York tribune., 1911-07-18
TOPICS OF THE STREET.

FOREIGN TRADING Foreign houses
were not active in the local STOCK market.
arbtrage transactions amounting 10 only
a few hundred shares.
.MrRIcAN SUGAR REFINING COM
PANY.-The Americaq Sugar Refining
company has issued a Statement In pamph-
let form describing It's organization, recent
changes in administration and make up OF
IFS stockholders' list and giving particulars
regarding production and prices for its out
nut over a period OF years. II IS shown that
the price Of refined sugar has declined
during recent years. while during the same
nerIod the average prices Of milk eggs,
butter. bread and potatoes have advanced
greatly. 1t is asserted that the owner
ship OF the company Is not centred In a
small group OF men. As d matter Of fact.
the stock Of the company is scattered over
the entire globe, and mostly held by In
vestors residing In various parts OF the
limited States. In November, 1910, the total
number OF stockholders was 1883. The
average individual holding OF stock Is less
than fifty shares, and there are $500 stock
holders who do not own over ten shares
each Nearly one-half OF the stockholders
are women The company acknowledges
an interest, through stock ownership In
thirty three beet sugar factories out or
total of sixty-eight throughout the country
But Il ls claimed that the American sugar
Refining Company does not own the ma
iOrity OF the stock In any of the beet sugar
companies In which IL Is interested
INTERNATIONAL HARVESTER. - In
his quarterly report 10 shareholders dated
July 10. Cyrus II. Mccormick, president OF
the international Harvester Company,
saws: This years shipments or macnlnes
10 Europe are the largest since the organI-
zation OF the company. From present IN
dications Eastern Europe should nave an
average crop. The conditions in western
Europe are exceptionally good, while those
I'm Great Britain are poor. Argentina is
about through with seeding and reports
indicate a somewhat larger acreage than
last year Conditions In the wheat raising
section OF Western Canada are exceptoh-
ally good, and with normal conditions lrorn
now on until harvest time that country
should have a good crop
STEEL EARNINGS.-It is understood
that since the first Of the month the prorts
available for dividends on the C,lnroi coli,llroh
stock OF the United states Steel Corpora
ton have averaged about 8 per cent, or
( per cent in excess Of requirements LnIs
result has been attained on low steer prIces
and operations OF about 6S per cent. Inc
steel CORPORATION over the last few days
has gained about per cent In operations
now reporting about 70 per cent or maxi
mum capacity Orders S continue ocen, 70 Gsin Tsins
throughout the South and West are eN-
pected to bring in certain orders that nave
been held up pending more encouraeihs
crop outlook
DIVIDENDS DECLARED.-Divid
have been declared as follows: Sears. Roe-
buck & Co, regular quarterly l% per cent
on the common. payable August 10, the
Pittsburg e. Lake Erie Railroad Company
regular semi annual pei cent, payable
August /: the international Harvester
Company regular quarterly "a per cent
on the common, and the Gorham Manu-
featuring Company, regular quarterly Zi2
per cent on the common, payable on Au-
gust 10.
NEW YORK AND QUEENS. ELECTRIC:
George Bagden, member Of the frm or
Clark. Dodge & Co, and p. 4. s. Frank;
| In, vice-presdent Of the International
Mercantile Marine Company, have been
/ elected directors Of the New York Il
| Queens Electric Light and Power com
| F. Eagle. resigned