New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-22

| Company. semi-annual 50 a share, payable
July %, comparing with 50 50 six months
and twelve months ago; American Power
and Light Company, regular quarterly IL
per cent on the preferred, payable July /;
the TOnopah Mining Company. regular
quarterly % per cent and extra IS per cent.
payable July 20; Seaboard National Bank.
regular quarterly per cent. payable July
/; United States Mortgage and Trust Com
pany, quarterly per cent, payable June
%; Long Island Loan and Trust COMPANY.
quarterly per cent, payable July I
The Central Trust Company, Kuhn, Loeb
IL Co. and Kidder, Peabody &, Co. have
given notice that no further applications
to the $OOOO,OoO Brooklyn Rapid Transit
note syndicate can be received, the amount
having already been largely oversubscrtbed
The Southern Pacific Company has or
dered nine electric locomotives from the
Westinghouse Electric and Manufacturing
Company. The Locomotive Steel Company
mas booked orders for about $500 tons OF
light rails for Industrial companies.
"Bradstreets" reports the exports of
grain for the week, with comparisons, fig
ures in bushels. as follows: Wheat, -four
included. 4724034, against 3652,l4S last week
and lo8S 475 in this week last year; for the
fiscal year TO date 169,2GS61S, compared
with 40 1886 I'm the corresponding time
IN 1911. Corn, 59,463, contrasted with 1884
last week and 907.6S6 in this week year
ago; for the fiscal year 10 date, SO, 231, 6O4
against 4s.64o96s for the corresponding
period IN 1911
Exports Of copper for the week ended
June % were 6,357 tons, and since June
1875 tons, the latter figure comparing
with 22,I1S tons for the same period Of
1911.
The Westinghouse Electric and Manu-
featuring Company has declared the regu-
lar quarterly dividend Of S-4 per cent on
the preferred stock, payable July Is. The
directors took no action upon the common
dividend. Late in March dividend Of l
per cent was declared on the common stock
the first since the reorganization Of 1908
and It was then officially said that the
question Of another dividend on the COM
mon would not be considered for six months
A number Of the principal selling agencies
are quoting electrolytic copper at il "a
cents pound, but this quotation is being
shaded in other quarters and It is said to
be possible TO purchase supplies of the
metal at 1880 cents.
The reported movements OF currency this
week indicate gain Of more than 5000
600 in the cash holdings Of the banks. Re.
ceipts from the interior were Sl575IOO
and shipments to interior points were ST.
$4,000, including s4,O94, 900 notes sent to
Washington for redemption. the gain from
the interior having been SS,5O4.O0O. Ordi-
nary disbursements by the Sub-Treasury
were S13,729.000 and payments by tn
banks were $20.251, 900. the loss on Sub
Treasury operations proper being s6,529.-
000 The total gain from the interior and
by new gold GL6O9.0OO) was S10.l13,O
and. deducting the b-Treasury loss and
the gold exports (sSO0.OoO). the net gain
by the banks was S3,S91.0OO.
Chauncey II. Murphy. manager Of the
18th street branch OF the United States
Mortgage and Trust Company, has been
elected assistant treasurer. and William r.
Law, now auditor, has been made assistant
secretary. Roland II. Timpson has been
appointed manager OF the l25th stree.
branch.
Anthony n. Brady. chairman OF the board
Of the Brooklyn Rapid Transit Company,
1t is now reported. controls the majority
stock of the Coney Island &c Brooklyn Rail
road Company. held by the Title Insurance
and Trust Company for an undisclos "a
principal, and viii in time turn these hold
ings over TO the Brooklyn Rapid Transit
Company, with which it is expected the
Coney Island & Brooklyn road will 10
merged. Three directors Of the latter road
have retired, and Edward w. Clucas has
entered the board.
]. P. Morgan & Co. It is understood, have
bought the $4,000 per cent notes which
the upstate Public Service Commission has
authorized the Erie Railroad Company TO
issue. The notes, which mature in five
yearly series. beginning on June /. 1913,
are 10 be executed on delivery 10 the New
York. Pennsylvania and Ohio Dock Com
pany in discharge of a debt TO that cor
poration.