New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-14
TOPICS OF THE STREET.

TOPICS OF THE STREET.
FOREIGN TRADING.-Transactio for
foreign account in the local stock market
amounted to upward of 1900 shares There
were more sales than purchases.
BUSINESS OUTLOOK - William Gug-
genheim, who sailed yesterday on the
Kaiser Wilhelm II. said that Ananciers and
others, in aiming to adjust the differences
between capital and labor, are likely to for
get that large third party, made up Of
small tradespeople, have an interest
in these disputes. for they. along with
every one else. are consumers. There is
no antaSonism 10 the corporations large
or small. but they must be regulated and
conducted along reasonable and rational
ines. We have city ordinances providing
for the use Of all kinds Of vehicles. Some
cay we VIII have to prescribe rules for the
hylng machines. but when il comes 70 the
Juggernaut' there is but che thing TO do,
ana that is TO drive IL out Of existence.
our ordinances are subject 10 frequent
changes, and what may be prohibited to-
/ day may be permitted tomorrow. and so
with the size of the corporation. The So
called fundamental business conditions Of
! the country are excellent The only ex-
cepuon is the margin OF profit, which in
many lines Of manufacturing is small. An
early adjournment OF Congress and as
surance that the tariff adjustment will be
reasonable and rational would materially
nelp the situation. Tariff reductionists
must bear in mind that anything further
than normal reduction IN the tariff would
necessitate the liquidation OF labor
DIVIDENDS DECLARED. - Dividends
nave been declared as follows. The Do
nlnlon Natural Gas Company. regular
quarterly per cent. payable July !; the
Railways Company general extra per
cent. payable July T. the Rector Gas Com
pany, regular sem!-annual 3i2 per cent.
fffl l. hn 1~-s.N
end Foundry Company regular quarterly
Ia per cent on the common and preferred,
payarle June 30. the National Sugar Rein
I ing Company. regular quarterly 10 Der
cent on the preferred, payable July 8: the
consolidated Car Heating Company. regu-
Tar annual per cent, payable in Seminar
nual instruments q per cent on July Is
ana January *, and IN extra dividend OF
: per cent. payable July 10; the National
Licorlce Company regular quarterly IL
per cent on the preferred. payable June 90.
the Central Railroad Of New Jersey. regu-
lar quarterly : per cent and an extra
per cent. the Lehigh & Wilkes Barre Coal
CompanJ regular semi-annual g. %. paw
able June .; the Standard Gas Light Com
Rany, regular seTni-snnual s per cent on the
preferred and per cent on the common.
payable June 3d. the kniCkerbocker Trust
company, quarterly 2 per cent payable
June 60 and the American Wooden Com
pany' quarterly ia per cent. payable July
MASONIC HALL BONDs.-The entire
issue Of $1,000 per cent mortgage bonds
OF the corporation Of the trustees OF the
purchased by Watson & Pressprich, who
are Offering the securities at par and ac-
crued interest These bonds are tax ex-
empt In New York State. The real estate
and cash assets Of the corDoratlon have
p value in excess of - 10000 or more than
twice the entire liabilities Of the concern
including the bonds Just placed or the
market. Proceeds from the sale OF these
bonds are 70 be used in payment for a
nineteen story building IN course Of con-
strucuon At Sixth avenue and I'D street
UNITED STATES BEALTY.-At the an
nual meeting OF the United States Realty
and Improvement Company Il was voted TO
reduce the board Of directors from eighteen
| 70 fourteen; the following directors retir-
ing Charles NJ Schwab William II
CheseboTCugh, 3. NJ. Fellows and Paul
Starrett n. s Black president OF the
company, stated that this change was made
as q matter Of expAdiency the larger board
being too unwiedv. Remaining directors
we're reelected. including William e.
Foilon, whose election as the successor Of
Oakleigh Thorne was recently announced
II was also voted q amend the bylaws OF
the corporation 10 enlarge the powers Of
the chairman of the board, making that
office the chief executive Office OF the COM
pany
THE COPPER MARKETING copper
market was strong Yesterday. and good
sales were reported on q basis OF 1913 cents
a pound. with no pressure 10 sell even at
b LndL inquire. ILe L NlfeQ Metals SeIiQS
Company controls the situation. but its
stocks OF metal have been materially re-
duced. Supplies OF copper are said 70 De
smaller than a. any tine IN two years.
FIRST BALE OF COTTON-Jessa 4
Jones, vice-president OF the Union National
Bank. Of Houston. Tex who bought a.
auction. for N.0l5. the first bale Of the
lall cotton crop. is shipping the bale n 4.
. Edwards & Sons, OF 81. Louis. who
through their correspondent. Post & FLAGS,
OF this city. viii sell Il az auction On The
New York Cotton Exchange. The pro-
ceeds of the sale will 50 70 some charity
This bale was raised IN san Bonita. Tex
INTERNATIONAL COTTON MILLS -
- a meeting Friday the directors of the
International Cotton Mills Corporation will
take definite action Oh q proposed issue OF
s.. 900 On per cent flve-year notes 70 be
financed by local banking houses.
ILLINOIS CENTRAL BOND ISSU Eft
IS understood that the sale or about $1,000, .
90 Illinois Central Railroad Company I
per cent refunding bonds 10 Kuhn, Loeo &
CO. only awaits the confirmation Of the eX-
ecutive committee. Tho bonds VIII pronab.y
te brought out next week.
KNICKERBOCKER TRUST COMPANY
AT a meeting Of the directors Of the
Knickerbocker Trust Company yesterday IL
was voted 70 apply for membership IN the
Clearing House Association.