New-York tribune., 1911-11-29
TOPICS OF THE STREET.

FOREIGN Foreign houses
dealt in upward of 5000 shares ln the local
stock market. all purchases. The heaVles9i
tuying was in United States steel ana
Union Pacific
DIVIDENDS DECLARED.-Dividen
have been declared as follows: Ihe = ON
monwra[fh Water Company OF New 1oiN,
regular seml-auuual 2i2 per cent ON tle
i,r.fe~-ed ravabie January 2. the Equitable
Illuminating Gas Light Company OF / ma
Gelphia. regular serli-aunual per cent on
the preferred. payable DecembeE Io' l-0
Wettlaufer LOrraiu silver Mines OompaH!f
regular quarterly 2ia per cent. and an extra
.i. uer cent uavanle January 70, the bos-
ton Betting Company, regular quaIlfIls -,
payable January D, the mteu I'aIi 4" a. = /,
and Electric Company Of Baltimore PEI
cent on the preferred. payable on deihdiu'
and the MaCkay Companies, regular quar-
terly l- per cent ON the common ana per
cent on the preferred.
AMERICAN TOBACCO CERTIFICATES
LISTEu-Guaranty Trust company Ger
+tfcatls for American Tobacco and 9 per
cent bonds. Central Trust Company certh-
Gates f.r American Tobacco preferred
stock and Guaranty Trust Company ceI-
rfcates for Consolidated Tobacco COM
pany q per cent bonds have been listed Oh
The Stock Exchange.
INHERITANCE TAX LAW.-The Guar
autv Trust Company has published IN BOOK
heritance tax law Of the state OF NeW
York. This company believes the new law
Is d most decided advance over any lIllls
that has preceded IL and that the owners
OF property affected are 20 be conSTatu-
lated upon Che passage OF SO equlJdo4e
measure.
GOLD FOR CANADA AND SOUTH
AMERICA.-GOld coin 10 the amount OF
S5000J has been Withdrawn from the SUD
Treasury for shipment 10 CANADA, ana 8-4o'-
600 for export 20 Venezuela. Total snip
ments 90 Canada on the current movement
Sl0.4O0O0O.
LACKAWANNA EXTRA DIVIDEND
The directors Of the Delaware, Ldcka-
wanna a. Western Railroad have declared
the usual annual extra dividend OF -V Per
cent on the stock payable December -.
800" BONDS SOLD.-Wiliam A. Read
Dc Co.. which Grm made public onerlns on
saturday of the unsCld portion OF SoJ0VV
first mortgage q per cent Chicago Termina!
bonds GO the Minneapolis, St. Paul & SaIlt
Ste. Marie Railway COMPANY. have dis
posed of the entire issue. The termina!
property for which these bonds We're issued
comprises about Gfty-tnree acres II the
city of Chicago.
NJ RCMELT PREFERRED STOCK
William Salouon q CO. and Hallgarten q
Co. are offering for subscription AT 81 the
LUso.G portion OF SSQ0.0tO, I per cent pre-
f,rreG stock Of the NJ. Rumely Company,
of La Porte. Ind. The company is one OF
the principal manufacturers of agricult urai
implements iu the United States and IS
issuing the new preferred stock TO acquire
the properties ana business of the Advance
TErasher Company at Battle Creek, M-cn.'
and Gaar. Scott & Co., az Richmond, Ind,
no increase its manufacturing facilities.
The combined assets Of the three com
rauies after allowing for current laDlli-
. ties. aggregate over S186O,0O0. The esti-
mated net earrings for the current year
ending December O. are S1350.O00 or about
two and q half times the dividend require
ment ON the present issue Of preferred
[ stock A sinking fund is created for the
/ retirement of the stock at 49, After CIV
ing effect % the new financing the COM
Uauv viii have no funded debt. A stimuli
tuneous Offering is being made in Europe
. subscriptions viii be opened on Friday
. December !. and close on the same date
at 8 p. m. or earlier. Application VIII be
made 20 list the stock on the New York
Stock Exchange
' MONEY FOR SAN FRANCISCO.-The
. Suh-Treasurv transferred S2j0,000 10 Sar
. local banks.