New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-03-31
TOPICS OF THE STREET.

FOREIGN TRADlNG.-Foreign houses
bought In the neighborhood OF lo'vo shares
OF Erie in the local stock marker, Du'
were not active In other parts of the list
LONDON UNDERGROUND RAILWAY.
Local banking houses have received IN
quiries in connection with the advance IN
the market price OF London Underground
Railway securities. An authority on the
properties makes the following statement
In explana lion OF the advance: Inc old
notehoders. for their ) per cent notes, az
the time of the readjustment received ~
per cent In new Az per cent bonds OF 1850
and 20 per cent in new income per cent
bonds. Taking the present London quota
tons. % for ii2s and 50 for the income
bonds. the old noieholder received new
securities Of a present market value OF
about ST. At the time of the readlustn
in April 1905 the old notes were selling AT
40 Thus. there has occurred a rise III
values of over l00 per cent. For tne laSa
calendar year dividend If per cent was
declared and paid on the income pohns'
and. according to the chairman of the com
pany the outlook justiftes the nope tnat
the distribution VIII be lhcreased i'll M
near future The earnings Of the company
continue to show increases each Weeh'
especially the three tube lines no" con
solidated in the London Electric kalWaH
and the Metropolitan Dls'rlct haINaF,
AMERICAN WOODEN STATEMENT.
| FREDERICK Aver. vice-president Of the
American Wooden Company. discussing ule
proposed retirement Of SlocolVp ~ tht
| companyS common STOCK states 10
several years ago. AT time "hen wv
common stock was very low. II was sue
gested that il would he adNdntaSeous -
| the company 10 buy portion or this SUN
with view 10 retiring II. ana thdt a.
| careful considerat ton the directors author
| lied such purchases 70 be made re "a
| that the stock so purchased from tifne 10
| time in the open market Is the stoch Wtic'
! n f. nov proposed 10 cancel. that none 81
! fine stock was purchased from the directors,
! and denies that any stock has AT any tliiie
been purchased by the COMPANY rom III
| rectors ,,ttaon1e
! have been declared as follows: Inc sew
| york Produce Exchange Bank regu'ar
semi annual per cent. payable Aprii 49,
The Norfolk Southern Rai Mo PTTIhi e
! ,erIv i, of | per cent. payable MAY l. ue
! delaware, Iackawanna e. western han
| road regular quarterly. " per een'' pa
/ able April % The United states ''dS
/ COMPANY regular quarterly per cent PdS
! able April 3" 49,, ,.,,,
MoFFATT ROAD PRESIDENT EI,sC L.
! FD W. 6. Evans. president Of the Den. 2,
| t'ity Tramway Company. has neen 49,. ,, e.
president Of the DenyeF tre Ists David
| r. Moffatt Frederick 9. Mofiau No
elected vice-president. and Gerald fuSheS
was made director of the COMPANY.
EASTMAN KODAK: Tne ha sas islnsd
lis report for the year ended DeSeiip ,',L
| n 1910 The income account OF tne coIII-
panv and its subsidiary companies COM
! pares as follows:
! iaIO 1909 E"'>
Ne, profits ... sso75.l7i Sis92o'' s'N'-''i'
Reserve for plant ooo 400 900 oon
renewal ....... i''''''"
p.,,,o, ss975i7, So So $50 81 AZ l9
baiancs ,,.;,. geo 90 100 qa2 3ea 9i2
,,.. .ss en5 o. So 49, 6:i3 S6lo21 "a
bdia'lNe ,,.,,., SOC 2oo $50 30 3n0i. ~
| eos 81, se2e Az So 1os i37
| Previous surplus s.fl3o-p ''''''"''
Profit and loss .oo,. ,--sc GO
surplus .... s9.2llsi1 ssil5o-' S''''oo'-
Equal 70 A 10 per cent on Sl9'ol-.a"o LII !,
r,o, stocL compared with $50 per cent earneo