New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-08


lin.
Dividends declared yesterday include
Colonial Trust and Savings Bank OF Chi
cago, regular quarterly 2 per cent and ex-
ira y per cent, both payable July J.: Ameri-
can Beet Sugar Company regular quarter
ly IL per cent on the preferred stock. pay
able July i Westinghouse Air Brake Com
pany, regular quarterly 2ia per cent. extra
IL per cent and special I per cent, all pay
able July 10; Union Switch and Signal Com
pany, regular quarterly per cent each on
the preferred and common. both payable
July /; New York State Railways Company,
regular quarterly IL per cent on the pre-
ferred and IL per cent on the common, both
payable July /. and the Safety Car Heat
ing and Lighting Company. regular guar
terly per cent, payable July l.
James VI. Kallatesa, of Alabama, has
been elected a member of the New York
Cotton Exchange. The managers have APP
pointed Nathaniel II. Morrison secretary u
the exchange.
4 gain IN cash of about 10000 by the
banks is indicated by the reported move
ments Of currency this week. The banks
received from the interior sl5,3s1 900 and
shipped to interior points $4,000. their
net gain being s7,O2jOO0. Ordinary dlsburse-
ments by the sub-Treasury were sl4,64s.nO
and payments 10 that institution were 49,
500, CO., the banks loss on Sub-Treasury OPP
erations proper being s5,254,OOO The total
gain from the interior and by new gold
81. $1,000 was $Sl62,GO. and deductng the
loss on Sub-Treasury operations the indi-
Gated net gain by the banks is s205S.O0o.
The Interborough Rapid Transit Company
reports for the ten months ended April 90
last. gross earnings Of $25, 1885, 49, an increase
OF $l,2Gj,S02 as compared with the figures
for the same period in the preceding fiscal
year: operating expenses so, $50. s26. increase
SOS, SS1, and net earnings S15,119.955. increase
$576472. Deducting taxes Of $l629,95S, the
operatine income was SO, 10000. Adding
other income of 1913, 42j and deducting in
terest. rentals and other charges, including
the Manhattan Railway guarantee. the ag-
eregate deduction being $9,l67,2Sl. the bal
ance available for dividends was A,636,lB
and the surplus, after deducting S,625OU
dividends, was $2,01l,1i@. The lnterborough
lines carried I'm the ten-month period J0'-
Us. 159 passengers. an increase OF 23,s23,13o
The Buffalo Mines, Ltd, reports for the
fiscal wear ended April 80, 1912, total In
como Of 1851 101. against Ss29 81 for the pre-
ceding year. and surplus for the year
after all expenses. Of $451.15i. equal to 45.ll
per cent earned on the 100000 stock
against 4l29 per cent in the year ehoed
April 30. 1911.
Exports OF copper for tho week epded
June were 1873 tons. an increase OF 2lOS
over the figures of the corresponding week
Of last wear. and from January ! TO June
G i52 40 tons an increase OF lo,i5A
T = Morgan & Co. have made the allot-
ments I'm the sl7O,00O,0J0 Interborough Kappa
transit bond syndicate, in which there are
, several hundred participants. Those VINO
! subscribed for the smaller amounts VIII re-
ceiye the full amount Of their applications,
but the allotments TO the heavier suDscrIo-
ers will be reduced TO some cAteh''
a. NJ. Estgbrook. first vice-president OF
the Barney & Smith Car Company. has
been elected president. succeeding A. NJ
I<ittredge, resigned.
..gradstreet's" reports the exports of grain
for the week, with comparisons, figures IN
bushels. as follows: Wheat, flour Included
/ 8. sos, 693, against 4si4,4oo last week ana =
| 400 soO I'm this week last year; for the fiscal
'. 90 date 100. 500 1856. compared with H.
! gee 5,e in the corresponding time in 1911.
CO.. ic6G.S. c1ntrasted with A.. 1853 last
week and l.O35. 1A in this week We * year ago;
y. The fiscal year to date 33,09S,757, against
~ on, t97 in the corresponding period In 1911.
The annual meeting Of freight traffic off,
SIal 1900 ~ on June II. officials from all
1m 81 the system will exchange views on
raj Tai re subjects. and after the business
sessions trip Of insPeetlGIn io WIZ De 6, made
80 a mart of the Baltimore g. Ohio sys-
l Al-Aau