New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-05
TOPICS OF THE STREET.

FOREIGN TRADING.-London sold up
ward OF 1000 shares on on balance me-, IN sales les
were In United States Steel ana ROCK i''
and
BOND MARKET OUTLOOk.Spe
Trask * Co., in their May buileun az,
The indications are that business VIII hoe
show material improvement for some 'iIhe
10 come, and thus money promises 10 re-
main easy for an indefinite period. III sooa
crops favorable decisions by the SuPIcne
Court and the normal needs OF populdo
ton of ninety millions should inptosr
trade conditions more quickly than nVtTd
appears likely, the money market shou ~
even then be only temporarily anecteu, "a
our heavy exports. which II is estimator
will be double those OF the last hscal yea
are pling up large credit Dalahce dpi 'dtv
upon which we could draw II neceSsi''
arose - o.t,,a
bond market. in which the better grace
of bonds promises TO SHOW tne X
animation in the immediate future.
LANSTON MONOTYPE-The l.anst for
the year ended February =, lsli. nst ?, Ua,Ss
of sos oS9. out of which $S29 6ss in diyidends s
was paid. leaving surplus or sI,o,o'I, Dol. %
prodts for the year ended February 20.
100 we're s505 46s. and s3o9.9S4 for the, year
ended February 2S 1909. The general DID,
ance sheet as Of March !, l9ll' SHOWS
assets as follows Cash. Sl0yI'z; reai e 20
tate 5000: bills receivable, $oS;a% siqe Az
.4pci and bonds. s722. il2 machinery 1851
rs. office fixtures. sl7,9SS; rights l.anCi i,
improvements and patents, @; Sstai vdar,
movements ana patents l'i "
s7i6s7: total. S7,543il2.
ST. PAUL IN ANARCHIST. Pauls MaIcii
report shows the heaviest loss III ~
earnings since the commencement VI -
fiscal year. amounting To S2Jo'sD ood IN r,hne
ruarv tho decrease was only SI,vp, "Hns
in the two months before that gang Vl
500 600 and 10000 were recorded. Not
yyithstanding the poor showing IN elosS'
tho road earned its dividends for the nrst
limo since October. The surplus after tne
montjI's sccrual of per cent on pom
CLASSES Of stock was $i29256, which cuts
down the eight months deficiency ai'er
dividends TO $780, $40 for nine months
pRoDrcE EXCHANGE NOMrNA-
TfONS~Edward r. Carhart has been re-
nominated for president of the Ne" orh
Produce Exchange on the regular uc ekf
and John Aspegren and Edward {. hce
reuominated for ce-president and treas
rrer respectively. The regular nominees
for the board Of managers are George >
Hay, Louis g. Leverlch, John x. W oou J
O. II. Montgomery. Winchester Moves ana
Lyndon Arnold, Tor trustee Oh t'e b'"''''
fund. John Y. Jewell.
COPPER MARkET.-The copper metal
market continues dull, although mere aie
some good inquiries for copper on pass
Selling Company is selling no large
amounts of copper on that basis. One OF
the strongest features Of the situation Is
the continued increase in consumption IN
Europe, due 10 the greater activity OF the
electrical companies.
DIVIDENDS DECLARED 80 Dividenos
have been declared follows; Inc NE
chanics and Metals Bank. regular quarter
Is per cent payable May 10. The Massa-
chusetts Gas Companies. regular semi-an-
nual per cent on the preferred, payaple
June l. The American Shipbuildins COM
pany. regular quarterly ! per cent on the
common. payable June !. The General
Asphalt Company, regua lar quarterly -
per cent on the preferred, payable June
The General Electric COMPANY regular
quarterly per cent. payable July -.
ELECTED william II.
Nichols, jr.. chairman OF the eSec }io,,
pany and Frank Trumbull. chairman OF
the board of the Chesapeake & Ohio Rail;
way Company, were yesterday elected
trustees of the Union Trust Company
AMERICAN STEEL FOUNDR1ES.[
Warren j. Lynch, formerly passenger trat,
Gc manager OF the New York central
lines west Of Buffalo. has been electel
fourth vice-presldent OF the American steer
Foundries Company.
AMERICAN IRON AND STEEL INSTl-
TIrTE.-James a. Farrell president or tne
elected a director Of the American IRON
and Steel Institute, succeeding william T.
Corey.
MONEY FOR san FRANCISCO.-Ihe
SlIb-Tressury transferred 10000 10 san
Francisco yesterday for the account OF
local banks.
NEW STOCK EXCHANGE MEMBER
C;eorge + Secor has been elected MEM |
Der OF the New York Stock Exchange