New-York tribune., 1911-12-22
TOPICS OF THE STREET.

FOREIGN TRADING Foreign houses
bought a bout 4.OO snares of various stocks,
doing practically nothing on the selling
SIDE.
DIVIDENDS DECLARED - Dividends
have been declared as follows: Merchants
National Bank. regular Semi-annual 3i2 per
cent payable January .; Bank OF the Man
haitian Company. regular Seml-annual per
gelt payable January -, East RlNer Ma
t0nal Bank, regular Scml-dHnual per
cent payable January ., LAWYERS MOrt-
rge Company. regular quarterly e. per
cnt payable December 90; MaSsac chuSetts
62s Companies, regular quarterly ! per
cent on the common stock, payable TCpru-
sy J.; United States Finishing Company,
Iegglar quarterly ia per cent on the pre-
iaitd and per cent on the common DOth
aylble January i ,Wclsbach Company'
isCliar F6ini-annual 81. per cent on the
lfferred. PAYABLE December 80; New Idria
quicksilver Mining Company, quarterly. 30
tUt> and extra 30 cents, bOth pdNablc
January I. Central and South American
Telegraph Company. regular quarterly =
IeF cent payablo January 9. Mexican Tcl"-
gJsph Company regular quarterly 2l2 per
cent payable January l6.
NEW YORK CENTRAL EQUIPMENT
notes. T. Morgan q Co, the First
National Bank and the National city Bank
are Offering on q basis to yield apprONl-
ma,ely 445 per cent. Y5,0o0,00U AZ per cent
Equipment trust notes. recently authorized,
" the New York Central Lines The notes
nature serialy AZ the rate of 100000 a
year from January ]. 1913, 10 January J,
~. The offering price ranges from lOJ25
snd interest TO 1918 ana interest for the
different Uaturities. The equipment trust
agreement provides that the amount OF
certificates issued shall not at any time
+ exceed o. per cent ot the actual cost OF
equipment delivered TO and held b. the
Company Of New York acts as trustee.
sEXTRA AND INCREASED DINI-
DENDS The directors of the Liberty Ma
N0nsl Bank have declared the regular %
lfr cent quarterly dividend and an extra
dividend of O. per cent both payable Janu-
siy The regular quarterly dividend OF
u per cent and an extra dividend of j.
leT cent have been declared on the stock
O. the American Coal Products company
payable IN March The Bank OF America
ias declared q semi-snnual dividend OF II
ltf cent. payable January y. tnls increases
me annual rate from % 10 2s per cent.
WABASH ASSESSMENT. 49, Thompson.
Iogie & Co say: we Learn that II plans
eIswn up by the REORGANIZATION commit =
ies OF the Wabash Railroad are carried
N-dnc there Is every likelihood at the
present. tire that they Will be carried
ta-tonmon and preferred shareholders
w me company viii be called upon 10 pay
heavy assessment on their shares We
iwiher understand that holders of the re-
llnang and extension Is will be asked 10
s1change their holdings for new issue OF
referred stock"
ATLANTIC COAST LINE DIVIDEND
dAe Directors of the Atlantic Coast Line
,empany Of Connecticut have declared
SS,sTterly Ss'.t dividends, Of per cent for The
SlARg wear PAYABLE March l0, June 10,
september I'D and December lo6 This ac-
oh falses the stock 10 "a H. per cent bass
tgW ~ per cent the annual ra.e prevail
's IN 1910 and 1911
PERE MARQUETTE NEW DIRECTOR
d.. " H.. Thayer. Of Boston, has been
psd a director OF the Pere Marquette
''alfoad Company.
STOCK EXCHANGE NOTES.-Philip /.
- oI Baltimore. James w. Bowen, Of
cS..soi, and George ; Goodrich, Of this
W. have been elected members Of the
10" lofk Stock Exchange. Canadian Pa
srf slshts and Iowa Central Minneapolis
e.. e.. 81 Louis rights have been admitted
"edihg on the stock Exchange
pt8TlFIC POWER AND LIGHT COM
i, 80 ~ IA special meeting of stockholders
= wu - racine Power and Light COMPANY
& oe ned on December 29 to act upon
csr5t,ooPSiuon 90 Increase the authorized
a. ,l stock from T5W,eo' TO $l20O,9W.
,sCle additional stock. $2000O0O viii be
t''Iieo' and }-,5J0.OJJ second preferred.
dali SIGNAL COMPANY.-The Cana
Usn ddacihc Railway has awarded to the
serssji' ldiment OF the Hall automatic block
c. system on a large portion of the
~.auian Pacilc's Eastern lines.
NsysttPER MARKET SITUATION-The
fS Svnai Conduit and Gable Company, In
deoulhly circular. says. There has been
orr'ued increase IN trade interest IN
pride.1 aHQ recent large sales at advancing
Sartir. Il4ieate a definite Improvement m
eO,,,,,,lshl fesaIcing this metal both in this
he ana Europe. The market records
o. teeu IfMness and the heavy volume
tbe i-sIAsss which has been booked during
n ,St@eSl lew weeks has placed the market
II Il IoAkest position in many months.
vii ~ unlikely that the next few days
irg,ir,. d further suneuing Of prices. as
eailre were increasing iu a way indl-
Cgsriia "s" requirements FOR substantial
fss 49, The bulk Of recent demand
1esl IN r,l ioI foreign account but sales 10
iaJre os 4dctureI5 may possibly become
srg q feature between now and FcDru-
tccrs,,. domestic consumers have been so
gn,e 3e6llee ~ act with extreme caution
Esrt ~ mat u i5 not surprising II they
~ cor, C set some convincing proof that
fo-a ,tRsi situation Is actually sound be-
bellaf ~, Daf Oh maXimum scale. The
kept sans ground that n production IS
gOoi a. Lesltny level COPPER stands a
text ye"r--,.e oi bringing "a higher average
begin te' te than ln 1911. but If output should
has Do, eAceed demand 10 the extent II
go5d yl ih the recent past there will be
4 n nj 'sr44l 10 lyOl. for su o4rIy reaction