New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-23
TOPICS OF THE STREET.

FOREIGN TRADING.-There was no ar
bitrage business Tor London account u
the local Stock Exchange owing 10 we
coronation holiday at the British capltdl
rrvANCrAL AND BUSINESS M
PROVEMENT.-John Il. Davis q 60. say
in their June bulletin. In the rise ina
has been going on In the American &c
curities markets there IS 70 Dc LouHu 49,
he reflection Of Improvement In the gen
eral financial and commercial SITUATION dhc
the indication that more OF tnat IMPROVE,
rnent is IN prospect Perhaps. so taf' actue'
accomplishments are not oo JILL
matter OF sentiment than or fact f"I
IL seems obvious 10 Us that conditions -
a whole are much more taVordule ti.ali
they were four months ago, Wlen We oAiit
annie reason for expecting "a sradud
advance In the stock market quotdtloh1,
Certainly the situation mas DeSu Hiipfof-'-
by the removal OF the lhosI III a. 80
those uncertainties which hung 80 loli9
over the stock market ana obscured lhr
future Certainly the great ease IN il.ole.
and the likelihood that n viii continue az
matters Of builish consequence. - IN IN
portance also IS the readiness WIN "hlCh
new and large capital requirements arc
being financed. Although II II TOO earlF
In the wear FOR confidence as 70 CROP re-
suits The crop outlook seems most en-
courariug The country has secured a
remarkably strong international trade pe-
sition To these elements or stfengIn N
+fa sit1atf0u there now may ne aQde0 olS-
.inct evidences Of some revival IN iron ana
conner and other important lnduslrlal llneS
And I'm view Of the economy and the nand-
to-mouth buving that the countrt mas
1aa1 r~actisfrg u lie not unrea soma Die 70
hone that this revival. unless checked IN
some unforeseen way. may result n IN
creased commercial activity within snort
time"
DrvT0ENDS DECLARED. - Dividends
have been declared as follows. ne AMER
can Coal Products Company regular quar-
rerlv l5s per cent payable July p Corll-
mental Paper Bag Company regular qudI-
rarIv 10 per cent on the common ana pre-
farred pavabla July 81. the Dlstillers 81
curities Corporation regular quarterlN one
half Of I per cent. paEaple JUDY d, llle
Carolina Power and Light Dohlpans -. -
lar quarterly la. per cent on the pIrLeII -
,,a,-abla TuIv 6 the Cities Service COMPANY
regular monthly One-hsf Or per cent
on the preferred and one-quarter ~ l Pc
cent on the common. payable July 81. the
Sash0srd National Bank regular qusrferiN
par cent pavable July 1: the MercnahIs
National Bank regular semi annual, -
per cent PAYABLE July 1. the NortuIh >
western Railway COMPANY regular quar-
tarIv pe- cent on the adjustment pre-,
farrad pavable August =, the Nal5oL-a
Bank q Commerce regular quarterly p7
cent. payable july l. ~
EEDFPAT, BISCUIT The Federal BIS
ciiit Companv which Is Offering A. psL
limited amount Of IFS cumulauNe pTs.e 80
stock was recently organized 10 axe 81 e!
seveutv-eight of the leadlnS lnue p7iiC -,
baking plants IN the United states ~
-ian+s ~ 10 included IN the combination
ala "a com bfued business last year aulo lll-t-
ing 10 So $50 000. with a net pront or 80,
nm and IN is estimated that savings cau ~
erected b1- the combination equal 70 ger
cent IN The 100000 preferred STOCK ne
baking industries o. re eour,r -, a.
shown steady expansion in earnings n II
Iast -an wears and a stability IN the VO!rnle
~ rhe outnut unaffected by adverse BUS
ness conditions 70 FAR greater extent .Ilan
most other Industries The director, -, o. .lls
Fedora Biscuit Company are mares
Povce Boss Hartwel 3 Grubbs inonlde
Robinson. Adam J Lang. John 4 an
ger. Herman A Metz. clinton .. Edgar
and Phelan Scale
PANAMA IS AND CHINESE 5 on
STOCK EXCHANGE The Panama PEI
,ar- bonds and The Chinese Railway pei
cent bonds We're dealt IN on the local 49,
exchange for The rrst time YESTERDAY
Taaituzs the uar value or $4,000 Were
reported m the Panama issues from ~ 3
90 roe while r9e 60 % the Chinese bonds
were sold $4,000 e72. and Slt 10 az +''s
The last sale of the Panama 81 was AT
i027s
COPPER MARKET The copper meta
market was shade lower Nes'erafN 49,
certain dea iers quoting 2as cents pound
FOR alacr~oivtlc. although none Of the large
selling agencies or prod was WHINE 't
sell the metal below fNt. cents pound
The -apOr-s i'm circulation 20 the erec' tntf
conner cou1uauies were making prepare
lions ~ Increase their output have caused
consumers 90 hesitate Lt ts well known
.t-+ core-,-,,~.-Iou mas not yet reached 2
uoirt that would warrant enlarged output
VTAH-NEVADA PRODUCTION. - The
production Of the Utah Copper company IN
Nav roralled S3ql SO pounds and that OF the
Nevada Consolidated Company 5.2-1 $50
mounds