New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-10
TOPICS OF THE STREET.

FOREIGN rRADING-Foreign houses
hought upward Of $4,000 shares In me
local stock market
THE COPPER MARIETTA trIner
tendency is noted In the copper markeI.
althoueh there has been little change FOR
Tho better as yet Large interests are no"
anxious 70 dispose Of big blocks or tne
metal even at the 12A cent level. oeliev-
the the not distant future. The falling of Of
more than ZOO, 900 pounds IN production
in July as compared with June mas created
somewhat Of stir among consumes eIa.
puzzling 70 domestic buyers. II was gen,
eraIIv expected that July output would
be curtailed. owing 70 the NOT weather;
But the large shrinkage was far oeyon,o
ing agencies are elated over the showing
made last month, and are in one ACCORD
that the tendency from now on VIII be
upward.
DIVIDENDS DECLARED Dividends
have been declared as follows: The Quak-
er Oats Company, regular quarterly n
per cent on the preferred, payable Novem.
Der 80, and regular quarterly "a per cent
on the common, payable October 10; the
wisconsin Central Railway Company. reg
ular semi-annual per cent on the pre-
ferred, payable October 2; the Niles-Be-
ment-P Pond Company, regular quarterly
u per cent on the common and preferred,
the common payable September 20 and the
preferred August a. and the American
Express Company, regular quarterly per
cent, payable October 2.
PANAMA CANAL BONDS.-The Treas
ury Department announces that deliveries
of Panama Canal bonds, in exchange for
negotiable certificates at the office OF the
Assistant Treasurer in this city, will cease
August H. REQUESTS for such exchanges
should be received by the Secretary Of the
Treasury by August II. Negotiable Ger,
tifcates not exchanged by the time stated
must be sent to the Treasury Department
in Washington.
PAY-AS-YOU- ENTER CAR CORPORA
TION.-~P Friedman. Of Carlisle & Co..
who has been abroad in connection with
the formation of the London company to
acquire the European patents OF the Pay
as-Y ou- Enter Car Corporation, returned on
the Oceanic yesterday. Arrangements
have been completed for the immediate
installation Of PAVE cars on the Gates
head and District line Of the British Elec-
trio Traction Company, the first foreign
line 10 be so equipped.
REFINED SUGAR HIGHER.-All retln-
ors, with the exception Of the American
Sugar Refining Company, have advanced
their list price for standard graduated 10
points, from 5.65 cents to SO cents: at the
latter price they are holding firm. The
American company is accepting business on
the old basis OF SO cents.
SECURITIES LISTED.-The New York
Stock Exchange has added 10 the list ST.
81, 300 preferred stock voting trust certih-
Gates and Ni,3o22Oo common stock voting
Company.
TRUST COMPANY MERGER RATI-
FTED.-The stockholders OF the Bankers
Trust Company and the Mercantile Trust
Company have ratified the merger agree
ment entered into by the directors Of the
two companies. which takes effect to-day.
The board Of directors OF the Bankers
Trust Company remains the same, except
for the addition TO the board which was
made yesterday. OF Rudolph Ellis, president
OF the Fidelity Trust Company, Philadel
plia, and w. c. Poillon, president OF the
Mercantile Trust Company OF New York.
The board Of the Bankers Trust Company
organized ny electing f. G. Converse presi-
dent; benjamin Strong, tr.. w. c. Pollon.
u. r. Pomeroy and F. 7. Kent. vice-pres
dents; i. n. D. Close, secretary, and
George w Benton, treasurer. The offices
Of the Mercantile Trust Company, at No.
l2O Broadway. will be continued as the
Mercantile Office OF the Bankers Trust
Company.
MONEY FOR SAN FRANCISCO The
Sub-Treasury transferred yesterday $500. 900
TO San Francisco for the account OF local
banks.
HAWLEY IN CHICAGO BANK.-Edwin
Hawley has been elected a director OF the
Fort Dearborn National Bank, OF Chicago.