New-York tribune. [volume] (New York [N.Y.]) 1866-1924, September 24, 1908, Image 10

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New-York tribune. [volume], September 24, 1908, Page 10, Image 10
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New-York tribune. [volume] (New York [N.Y.]), 24 Sept. 1908. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1908-09-24/ed-1/seq-10/>

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V" 10
Real Quotations
We have prepared a weekly list con
taining bids and offerings for our own
account, covering selected issues of
equipment bonds, high-grade short-term
notes. New York City bonds, long and
short, and long-term Railroad bonds
■which will be sent without charge to any
bank, trust company or individual on
request.
Write for Circular, "Q 4."
Guaranty Trust Company
of New York
ESTABLISHED 1564
Capita! .s2.oftt.<**> 2S Nassau Etr*«t. Xew Tor*
Surplus. *6.onn.o<r> S3 Lombard St.. E. C. Louden
Banking r*T*rtrnent Bond rvpartmfnt
Trust I>epartinent Transfer Department
Foreign Department
Lincoln Trust Co.
American Surety Co.
Nassau Bank.
State Bank.
CL.IZVTOP* GILBERT
2 WALL ST.
X New York Stock Exchange Securities
bought on the
Periodical Payment Plan
are purchased outright on a moderate first
payment and are not subject to margin calls
In case of sudden breaks in the market
- Write for full particulars.
CARLISLE & CO.,
Bankers and Brokers, 74 Broadway. N. Y.j
INTERNATIONAL NICKEL
5% BONDS
DU PONT POWDER CO.
SECURITIES
Dealt in.
S. H. P. PELL & CO.,
MEMBERS NEW TORK STOCK EXCHANGE.
Dealers in Unlisted and Inactive Securities.
Tel 7865 Hanover. 48 Exchange Places New^ork.
PEV»"EB * NORTimXSTERN
HOME. WATKBTOWX * OGnE>SBTTRO
yEW YORK. LACK. * WESTERN
INTERNATIONAL TIME RECORDING SECCRITTES
NEW JERSEY ZINC
rNION FERRT _^^
INTERNATIONAL NICKEL SErTRITTES
BABCOCK 4 ™COX ealt —
FREDERIC H. HATCH
30 Broad Street. New Tork.
Telephone C 320 Broad. _ ,
ACCOUNTS SOLICITED.
FRED'K F. MARQUAND
Member of Consolidated Stock Exchange of N. Y.
Tele. 8030 Broad. 35-37 BROAD ST.
Write for rriv opinion on the Stock Market.
CURB STOCKS
are attractive at prevailing: prices.
MIAMI X MICMAC
LA ROSE X NEV. CON.
CUMB. ELY X NIPISSING
GOLDFIELD CON. \GREENE CAN.
Order* Hzerntrd In all
New York acd Boston Curb Stocks.
Private Wires Between New York and Boston Curbs
and Philadelphia.
J. THOMAS RiiINHARDT,
"BSSrXJ*- 38 Broad St.. N.Y.
Ofßces Overlook Curb. Vnequalled Service.
Dividend Notices.
American Woolen Company
Thirty-Eighth Quarterly Dividend
Notice Is hereby given that the regular Quarterly divi
dend of One and Three-Quarters Per Cent. <!?;•&) en the
Preftrred Capital Stock of the American Woolen Com
peny of record September 25. 190*. will be paid on the.
15 th day of October. 190 S.
Transfer books for Preferred Stock Trill be dosed at
the cJo** of business s*?r-tembeT 25. 1906, and will be re
opened October 5. 1908.
Checks V.'.l I* mcllcd the Guaranty Trust Co. of New
Tork.
WM. H. DWELX.Y. JR.. Treasurer.
Boston. Masa.. September 21. 1908.
UNITED FRUIT COMPANY
DIVIDEND NO. 37.
A. caaxterly <i*idend of two per cent on the capital
etock of tils Company has been declared, payable October
18. 1908. at tie offlce of the. Treasurer. 131 State Street,
Boston. Mass.. la stockholders of record a: the close of
business September 26. 190 .
CHARLES A. HUBBARD. Treasurer.
La Ross Consolidated Mines Company
NOTICE IS HEREBY GIVEN that a dividend at three
per cent, for the quarter ending August 31st. Ml has
been declared upon the outstanding capital stock of the
Cox-jiexy. and ■n-ill be paid on Ok 20th day of October.
190*. to shareholders of record on October 3d. 1908.
By order of the Directors the transfer books ■will be
closed between the 2d and -"th day of October, 190 S.
both days Inclusive.
Dated the 22d day of September. 1!*)?..
I*A. 3JOSE CONSOLIDATED MINES COMPANY.
Per D. A. Dunlap, Secretary-Treasurer.
THE NATIONAL. rARK BANK
of New York.
September 22. MM.
Toe Board of Directors have day declared a quarterly
dividend aC FOUR PER CENT. "4--' upon the Capital
Stock of this Bank, payable on and af'«r October Ist.
1806. to stockholders of record at close of business Sep
tember 22. li««.
3IAURICE H. EWER. Cashier.
American Telephone and Telegraph Company.
A Dividend, of Two Dollars per share will be paid on
Thursday. October 11, IPO 6 ', to stockholders of record at
the dose of business on Wednesday. September 30, 190 S.
WM. R. DRIVER, Treasurer.
THE FOURTH NATIONAL, RANK
OF THE CITY OF STEW TOKK.
New York.. September 224. l&0«.
The Board of Directors ha* this day declared a quar
terly dividend of TWO PER CENT., payable on and
erter October Ist. proximo.
The transfer books will close at 3 P. M.. this date, re
opening October Ist. lJ«nh
CHARLES H. PATTERSON.
Cashier.
GAJIFIELD NATIONAL BANK.
Twenty-third Bt. A WxTh Aye..
New York. Sept. 21. 100%.
The Board it Directors have declared 1 a quarterly dlvi
cecd of THREE PER CENT on the capital stork of this
bank. payable, fro- of tax, on and after Sept. 30th. UK*.
The transfer books will be closed until Thursday. Oct. Ist.
1&03. W. I. DOUGLASS. Cashier.
Financial Meetings.
X'OTICE 15 HERECY GIVEN TO THE FHAREHOLD
'^> ©r« ■'. Tne National Bank of North America, in the.
City of New York, that a meeting of the stockholders
■will be held at th« office of Charles A. Hanna, Receiver.
43 Exchange Place. New York City, on the 21«t day of
October at 10 o'clock A. M.. for the purpose of e-lf-ctinj?
an Acr.t to whom the assets of the liank will be trans
ferred and delivered. In a^cordsnee with the provisions
of Section 3 of the Act of Congress, entitled. An Act
Authorizing th* Appointment of R«*-ivers of National
Banks and for Other Purpo*»-s. approved June. 30. 1*;76.
and an Act aroeniiatory thereto, approved Aucun 3. 1592.
and March 2. 18f«7: or for the purpose of continuing the
RereJwrehip In accordance with the pro\-lslons of the
last named Act.
LAWRENCE O. MURRAY.
Comptroller of the Currency.
&-pt. IS. linn.
GOVERNMENT BONDS.
The following shows yesterday's closing quota
tions lor government bonds, compared with Tues
day's:
—Sept 22.— —Kept. 23.—
Bid. Aimed. Bid. Asked.
U. S 2*. reirl'tered. 1830 . 103 * 104 103S 104
V. S. 2». coupon. 1830 104H — 104»4 —
IX 6. 3» registered J»f* 101 10Hi 101 101\
V. 6. «c. coupon. MS. 101 101*. 101 l(n\
V. S. S« email bonda MWi — 100^4 —
U. 6. 4b, registered. 1925. . 121 121% 121 121
U. E. 46. coupon. 1925 121 — 121H —
■pane™. 4*. regit'jttvC 102% ' — 102% —
IMPROVEMENT IN THE STOCK MARKET
HEW YORK STOCK EXCHANGE SALES -WEDNESDAY, SEFTEMBEB 23. 1908.
'■ " " •-- ■■■■».» ■* •■ 1 ' Actual Sales I Closing
fihnr ., I Vgt i " j Actual Sales . I Closing. Shares I Net /openlHlßh|-Low|Fln'l 1 Bid I Ask
10 0 | (AUls-Chalmers Co "i'iFr Fit ™ 'iW^riVyV".. >k^
4*o -if, Allis-Chalmers Co. Pr »£ 30* 30 ,80 30 «^ *r g Mackay Co. Pr .-68 68 j O 68 gH «
IB) .5 -American Sm.Ulns pr-— JM | }». '»!.. ™ i }?!„ j« m JS New York Central I 102 * 101% 102 102 W
I.ICO ♦ 5 ■*••*«. Sus»r SSi' IMJ i^ I^2 127 127^ L 100 —1% New Tork. Chicago A St. M. 31% 34^, M"4 3W! W. JJ
3 -|S J±I KSSK'-SK! ■::::::::::::::: 1 1 fII T 3* : a i B8B > ?Ja iI S."SE™-»««O«
J -! irSKTHfp'Tr.na,::::::::: | 5 5 fr J V§ « flf ft
100 ■* Brooklyn Union Gas I£> 140 140 140 ,I» '* Pittsburg Coal 10% W\ 10% 10% 10 U
B0 Butterlck Co 20 20 »I » i» w t -tb ressed steel Car 30 30 30 30 30 30Vi
1.800 +^4 Canadian Pacific ITO4 171, I^V» 171| - - » _ pulsed Steel Car pr.... .::..... H 94 M 94 92 M
700 * Vj, iCentrai Leather 2J iliT* w iw W ! ITS 100 +2% Readingr 126 125% 134* 125% 125%! 126
100 +1* 'Distilling Securities 29^ 29^ 29^; 29^ 29%: •30 100 -H United States Rubber 28-. -T, 2S& «>a 28 p
1 1 it 11111111 WMsm # « i « t f
25.200 -% Great Northern pr 128% 128% 125% 126% [ 126% 127 M 0 +1 Jtrmnia Iron C. & C 24&4 Ik 24% 24% 24% 25
S a Baaasr.~*EH3»aS & at M 8 « h l^'^- a:;:::; ft s» g5 ¥P §
S tl SSSSSSS^^S pr::| c s,v at 4?| » IfSIE^SMiII 111 1 J % \
A4OOA 400 j __? International Harvester pr. . . . 103^' 103 V 103 1 * 103'^ - *£ - Jfc ng & LaJte Erie .. j 8^ 8% fcifc »*j |% **
5 I :,- bsfSg l"?«-»aie™:::::::i §5! 81 St H8» '« :l^SSS'£ SISS.I pr y.v.v.:::::: 13IJI I* i 4
2^ «1U Kansas City & Southern pr....| dM GEM 61Vj' 61U,! 61 61 Vi 400 +1 Wisconsin Central pr 4M* 43 «^ ( 4J | *.«, 46^
100 1 — l" Long Island 141 '41 141 :41!40 !4? |i ! . ______ L i ! 1 1
Total Bales for the day, 803,957 shares, compared with 252.493 shares for the corresponding day in 1507. thP sasne - ar i nA •„ kvvt
Total sales January Ito September 23. inclusive. 131.112.925 shares, compared with 1*1,881,. 3S shares for the same period in 1907.
'Unlisted. ; ■_ •_ -
FINANCIAL AFFAIRS
RECOVERY IX STOCKS.
Heavy Covering of Shorts — Firm
Closing, FoUoxcing a Period of
Fluctuation — Money Easy.
The recovery -which set in on Tuesday after
noon in the stock market continued in the early
trading yesterday. Initial prices being a point or
so higher than the last figures of the preceding
day. following a higher range of quotations from
London, to which centre heavy buying orders
had been cabled from this city. The advance,
which was due in part to covering of short com
mitments and in part to repurchases of long
stock by important interests, continued on a
moderate pcale until toward noon, when a period
of hesitation occurred, with irregular fluctua
tions. A firmer tone developed as the afternoon
proceeded, and the market closed strong at
ahmit the best prices of the day and at genera',
net advances which ranged from fractions in
many instances to 2% points in Reading. The
Hill stocks were the objects of a sudden drive
in the last half hour, from which they made a
partial rally, elthough Northern Pacific closed
at the preceding day'p final price and Great
Northern suffered nearly a full point loss. The
Chicago Great "Western issues were conspicu
ously strong on the revived report, for which
there appears to be foundation, that negotia
tions are in progress which may result in the
taking over of the road by the Canadian Pacific.
The Erie issues also showed decided strength,
the cnmmon gaining Hfc points on heavy trans
actions, its course lending color of probability to
the persistent rumor of accumulation.
Wall Street never went through a political
campaign without an election scare, and as a
rule Presidential years have been marked by
periods of weakness which have caused heavy
losses to margin traders and big gains to pro
fessional speculators, who have little interest in
the outcome of the November voting so long as
they are able to make a profitable living from
the course of securities values. "Wall Street
appreciates the fact that the election of Mr.
Bryan would be a national calamity, and
Wall Street will vote against the Democratic
party, but the professional element in the Street,
though in favor of Mr. Taft. shows no disposi
tion to keep out of the market because some
people say Mr. Bryan will be elected. Indeed,
the professional trader just now is quite willing
to have the idea that there is great uncertainty
over the chances of Republican success gain
widespread currency for the good reason that he
is short of the market and is actively engaged
in encouraging owners of securities to liquidate
their holdings. It is not likely, however, that
investors will sell because of the declines that
have been recorded in the market and further
declines that doubtless will be brought about,
I but it is more than probable that the bear cam
i paign will force many speculative long accounts
into liquidaiion.
There are impressive reasons why storks
should not be bought at this time on small mar
gins, notwithstanding the losses that have beer,
registered in recent days from the high prices
of the year, but the general situation offers n"
argument acainst the purchase of good stocks
snrl bond? for cash — that is, for investment ac
count. In the best Informed quarters of the
banking community it Is believed that eventually
quotations for all securities will move to a
higher level. It also is believed that the great
accumulation of money in the financial capitals
of the world, the Increased production of gold
and the progressive mercantile tendencies of nil
countries will carry prices for stocks and com
modities to a level never before reached, but it
is not believed that the active beginning of that
movement Is now at hand. Money Is in abun
dance at all the leading financial centres. Bank
deposits are increasing in national, state and
savings institutions, and money this fall prom
ises to be easier than in any corresponding time
in years This great supply of funds is laying
i the foundation for expansion in the country's
industries, and it is a big bull factor for the
future. People who own stocks and bonds that
represent companies engaged in legitimate busi
ness enterprises therefore should not be fright
ened by passing stock market fluctuations.
AMERICAN SECURITIES ABROAD.
London, 6?pt. 23, 4 p. m— market for Amer
ican securities was strong:. Last quotations follow:
London >.>•»• York New York
clow, equivalent. cl«». Change*.
Anaconda *S 42 40* i +I*4
At'htnon S*^i 68% 85% + '4
Can Pac IT.'.S 170S ITO\ — H
Ft Paul 134 I.V»H 130 4- H
Erie 3OH 21>'« 20 - 747 4
do flrxt r.r*f 44 42 7*7 * 42 -4- %
]!; Central 140 IMV 134 - 2'«
Iy>uis & Xaah .K«vi l<«*i lO2\ -r-l
N V Central lOfl 103«4 '1014 + '»
Pennsylvania «2"* 11««4 VJf>\ —IS
n<-adlnjr «4 124H 123 1 * -Il*I 1 *
So Pacific »101«4 lfiOtj, <*)., -i-i
I'nion Pac l.**H 154 * 168 4- HI
D B Fte«l 44 1 , 43 42H + '»
do pr+t 110 10TH, 107% — 4
•Ex dividend.
FOREIGN MONEY MARKET -Call money in
London. *£©*♦ per cent; open market discount rate
for short bills, l',i@l 5-16 per cent; long bills,
1 7-16 per cent. Berlin discount rate. 3*4 per cent.
Paris discount rate, 2 1-16 per cent. Paris ex
change on London. 25 francs 11 centimes. Berlin
exchange on London, 20 marks 39% pfennigs. Bar
gold, 77* 10»id.- '■/-"
FOREIGN SECURITIES.— British consols for
money, 85% per. cent; for the account, 65%. Fren>
rentes, 95 francs S!*4 centimes.
FOREIGN GOVERNMENT SECURITIES.
Bid. A»k«"l Bid Aeke-J.
German con 3'is 61 92 Cof Cologne 45.. &->} . i«u>a
Bavarian «ov 4» 100 101 Cof Munich 4*.. 681* o»*4
Hersian g-ov 3>*f !«i'-» 61 "4 Cof Augsburg 4* 88>4 9914
Saxony gov 3* . &2>4 Mlj ( Cof Vienna 4i... 9."i 90
Hamburg »ov S» £2 -'3 Cof F-on-M 34.8 ffi", 9] 14
Ccf Berlin 4». . 98-4 100 Mcx govt gold 5t.1004 101 &
NEW-YOKlv DAILY TRIBUNE, THURSDAY, SEPTEMBER 24, 1908.
BOND MAHKET SALES.
,100 Japanese 44s .. 90 ! 40000 Inter-Met 44i..-. 68
500 do 2d 894 i 5000 do |i»
1000 do 4s 80%; 104000 do 6^\
20000 Rep of Cuba 55. .102% i 20000 do fig
1000 do 1024 15000 do ">':>
H.IOOO V City 4s 1957.101 -*! 1000 In Traction 45... 644
6000 do 101H 11000 Int Stm Pump 6s. 074
£300.1 do 101 j 6000 KCFt 3& M 4s. 72
5000 do Reg 101?» 1000 Kent Cent 48 86
6000 do 44s 1957... 110% 1 1000 Lacka Steel 65... 84 1 *
2000 do 11l I 2000 L. E& W Ist «5..112
25000 do 110% 1000 LS& M S 345.. 93%
3000 Am Cot Oil 445. 93** j 25000 do f*
2000 do »4 4000 do 4s 1931 954
20000 Am H& L 65... 90 I 6000 do -• 86
63000 Am Tel & Tel 16000 do Deb 4s to?*
Convt 4s niHl 3000 L. & IS* Unified 4» 99
10000 do Pl 4 7000 do $£%
83000 do 81*1 20CK.'. do 09
140000 do «2 1000 Mannat Con 45... 98*
160000 do 61 7*7 * COOO Met St Ry Gen 6s 78
10000 do Col Tr 45.. »0»* | 1000 Mcx Cent Con 4s. 81
1000 Am Tobacco 6s. .109* i 10000 Mo X & Ok Ist. . .1044
l,*iooo do 110 j MOO Mo K& T Ist 4s. 994
7000 do 4e 73 1000 do 2d...... 844
1000 do 73>4|12000 do S F 445.... 81
10000 do 73411000 do 804
2000 d 0... 73 1500 Mor &Es Ist 75. .1174
1000 At T & S F Adj 15000 Nas El R R 45... 75
4e 934 5000 NYC Gen 345.. 91%
4000 do Gen 4s 101 1000 do Deb 1934 ... 94
1000 do 101% 1 6000 do L B Col 34s 82*
11000 do 1014 1000 NY & Put Ist 100
29000 do Convt 45... 954 3000 NYO&EL.H
129000 do Convt 55... & P 4s 86
IL'OOO At Coast 48 934 2000 do 864
2000 do »3 1000 N V Air Brake
9000 B & O Gold .100% Convt 6s w4
22000 do Prior 345.. 934 f.OOO do »<
1000 do 03%! 1500 do £''4
4000 do Swn 34s .. 91 I 1000 do ...~ *6
Bono Bklyn Rap Tr 4s 73% | 5000 do ••••■ »64
4000 do 73% 1000 N V N H & H
66000 do "4 Convt 34s 91%
11000 do T3 7 4 23000 No Pac Gen 35.. »3
MOOO do 73% lf-000 do Prior 4s 102%
2000 Bk U Elev 15t. .100 [ 6000 Mo 1024
10000 C So Ist Ext fi5.106% 1000 Or R& N Con 4s. 9b4
40000 Cent Leather 55.. 97% ICOOO Or Sh L Ist 65.. .1194
5()0«t do 974 8 14000 do Ist Con 65.. 1144
11000 do 97% 15000 do Gtd Ref 43. 04--»
2000 Cof N J Gen ss. 123 U 2000 do 94%
700 T. Cent Pac Gtd 4s. 964 2000 Perm 34s 1915... 94 1 *
44000 do 93% fOOO do Gtd 34s Ctfs 97
3501X1 do 96H POOO do Con 4s Rets. lo4
12000 C & O Gen 445. 1014 1000 Reading Gen 45... 99H
!*m Chic & Alt 345. 71 13000 do »»J»
10000 c & N W Gen 20000 do "9i*
34s 04 5000 St L, Ir Mt & So
1000 do Deb 1921.. .10fi I Ref 4b 65
60000 C B & Q Jt 4s. . f*% 40000 8 L & S P Ref 4s 714
32000 do 99 1 10000 do 71%
17000 do 98%!44O00 do 72
2C-000 do Gen 4s 994 10000 do 724
1000 do 111 Div 45.. 101% 2000 do Gen 5s 106
SOOO do la Dlv 45. .101 ' 6000 St L Swn Ist 4s. 01
34000 C R I & P Ref j 1000 do 01^»
4s 574 4000 do »1 ,
10000 do *"% 8000 do Con 4s 734
6SOOO do £7% ' f-000 So Pac let Ref 4s 964
2*ooo do R R 45..:.. 6RV14000 do 86 1 *
3000 do C-n% 1000 So Ry Ist 6s 101 V*
12000 do 66% ! 4000 Third Aye Con 4s 62
2000 do Col Tr 55.. e2»i 10000 do Stpd 0
6000 do 624112000 do fi *4
1000 do 62 V 20000 do 624
11000 do 62 20000 do 62%
4000 C C C & St L ! 17000 do 2
Gen 4s 96 ! 6000 Un Pac Ist 4a 102
2000 Col &Bo Ist 4s. 93% 12000 do 1024
2000 do Ref & Ext 1 2000 do 1024
44s RSV 12000 do 102
2000 do R54145000 do Convt 4s 964
S.T'on do RfiUllonno do 96%
11000 do . . . . M>H| 2000 do 96%
1000 Col Ina 4s 734'RR000 do »6 7 4
3000 Col Mi,l Ist 4s !l0OV)O do ..1 »7
SISF. 66 1114000 do 9*>%
2?OOO Con Gas Deb 65.141 110000 do Ref 4s 85
r.rtOO corn Prod PFS? 91 ' 3000 do 05 s »
3000 Dal &■ Waco .105 I 5000 do 954
10000 r> it- H Convt 4«. 100 ! 61000 do 93
I— oo D& R G Imp 6s r.S I 1«V>OO Un Rv of S F 4s. 72
10000 do »9 11020001 102000 U P Steel S F 6s.ioi4
1 1000 Erie Ist Con 4s. R7H'«?O00 do 101
1 I(VUV> do Gen 4s 71 3000 do 101 U
10000 do Convt A ! 3000 do 101
coup on 694110000 do Ree 100 i
f,noo do 7O u. ' 1000 T'tah & Nor 55... 1074
-400-1 do to?« ' 1000 Va Ir C& C 6s. .'MU
22000 do 71 ! 2000 tto 06 1 ;
2000 do B coup on.. «O I 4000 Wab-Pit Term Ist 474
.win do "14 1 1000 do 2<\ 10
JtMTW do 61 1 5000 Wet Md 4s 75
2000 Int «r R T Notes ) 20000 do 76^i
Ctfs 101 *4! soon West Shore 45... 102%
22000 do lOT-; 1 r.OOO Westlne S F 55.. Rl4
7COOO Ir.ter-Met 44p... "741 »000 West U Col Tr 5s 93 1 *
7000 do P7V t ! r.OOO AVis Cent Gen 4s. 86
Total rales of bonds. 53. 186,000.
MONEY AND EXCHANGE.
MONEY MARKET. — Money on call opened at
I*4 per cent: highest, 1% per cent; lowest, 1 per
cent; last loan. 1% per cent; closing, I©l*4 per
cent; ruling rate, IM. per cent. Time money was
; dull and a trifle easier. Supply was more than
, equal to the light demand. Rates were: Sixty
i days. 2J42 J 4 per cent; ninety days, 2*4 @3 per cent;
four months. 3*4 per cent; five, six and seven
months. 3% (§3*4 per cent. Mercantile paper
■■ moved slowly, because of lack of demand. A fair
assortment was shown. Rates, 4%* per cent for
sixty and ninety days* indorsed bills receivable,
4'a 4 % per cent for choice four to six months'
single names and s@sV£ per cent for others.
FOREIGN EXCHANGE.— The foreign exchange
market opened steady, with rates practically un
changed at 4.8890@4.5695 for cables, 4.86%®
4.5655 for demand sterling and 4.8505@4.8515 for
sixty day bills. Short francs were quoted at
5.1 6 V*. and short reichsmarks at 96%. The mar
ket was a shade easier In the afternoon, showing
a decline of 6 points In demand sterling from the
opening. Cables were quoted at 4.8670@4.86%,
demand sterling at 4.8645@4.86*4 and sixty day
bills at 4Rsif 4.8530. Short francs were 6.1614
less 1-32 16 1 /4 and short reichsmarks 96% less
1-32 @ 95%. Business was Quiet.
Bankers' posted rates were as follows:
Sixty days. Demand.
Sterling .... 4.86 4 87*
Germany, relchsmarka 06 95*»
Parts francs 6 1674 6.15
Belgium, franc* ~.. 6.20H 8.16^4
Switzerland, franca 6.18* 5.14H
Holland, guilders 40>i 40%
DOMESTIC EXCHANGE.— Boston, Jo!?il2c dis
count; Chicago 30c discount; San Francisco, sight
6c premium, telegraph 6c premium; New Orleans,
commercial, $125 discount, bank 1125 premium:
Charleston, buying par. selling l-10c premium.
BANK CLEARINGS.— New York. exchanges
$305,684.?.19, balances $12,549,064; Chicago, exchanges
$37,900,006, balances $2,787,378; Boston, exchanges $23,
058,563, balances $1,833,082: Philadelphia, exchanges
$20,223,050, balances $2,037,715.
SILVER MARKET— Bar silver. 52c. Mexican
silver dollars, 46c. Bar silver in London closed at
24d; unchanged.
GOI,D PREMIUM.— Madrid, 11.60; Lisbon, 16.75.
MEXICAN EXCHANGE.-Mexican exchange on
New York is quoted at 2.01 V
GOVERNMENT RECEIPTS.— Customs receipts
reported from Washington. $1,159,354; internal rev
enue receipts, $630,883; miscellaneous receipts, $64,
640. Rect-lpts for the day, $1,854,578; expenditures,
&540,C00. Receipt-! for Uw n.or-in to ditj iM.tiCf..
703; expenditures, $33,460,000; excess of expenditures,
$2,792,257. Receip s for the fiscal year to liate, $134,
131.531; expenditures, $165,702,353; exce.'s of expendi
tures, $31,570,862. '. ;V;
SUB-TREASURY.— Sub-Treasury was debtor
to the Clearing House $707,716.
INACTIVE STOCKS.
The following were the last actual sales and tha
closing quotations for stocks in which there wer«
no transactions yesterday on the New York Stock
Exchange:
Last Closing. I Lost Closing,
sale. Bid.Asked.l sale. Bid.Asked.
Adams Ex.173 ISO — {KCFtS&Mpf 58"4 5S 60
•Am B Sug 17 174 184 ! Ha &D M. 6 34 "
•do pref. 77% 72 82 | do pref... 23% 20 80
Am Can .. 5% 6U 6 KlofC pf 65 47 «0
do pref.. 58 68 69 I Lac Gas pf. 90 75 100
AC&FpMO2% 102 103 L. E & W.. 15 14 16
Am Coal ..120 100 150 | do pref... 43 43 49
A Cot Opf 904 90 92 Lake Shore.3oo 270 —
Am D Tel. 20 — 39 Marine pf.. 20 20 21%
Axn Ejcd ..1954 195 210 Mackay Co» 684 674 68
•AGrTw.. 7% 7>i 8 | Manhat Bea 2% 2 «
•Am Lina. 10% 9% 104. Md Coal pf. 90 75 —
•do pref. 234 214 25 i 'Met St Ry 30 23 30
Am Malt.. 7% 8 64 j Mich Cent... — 100 195
•A Sm pf B 79 79% 80 iMA:StL pf 63 63 «7
Am Snuff.. 180 190 MX & T pf. 62% 62 «3
do pref.. 97 92 &74,Mv>r & E5...169% ISO 185
Am Btl Fy 9 7 9 j Nash & Ch.llo 105 115
do pref.. 41 39 45 j *Nat Bis pf .117% 116 1164
do new.. 30 28 20 |NEn & Stp 94 && 10
•Am pf.127 126 128 do pref... 77 75 '9
A Tel &C. 68 68 — Nof Mcx pf 61 604 *3
Am Tob pf 91 91 93 do 2d pf.. 17% 16%. 174
•Am Wool. 234 23 24 N C C0a1... 45 35 60
•do pref. 91% 90 02 YC & StL
Ann Arbor — 15 30 Ist pf 98 90 100
do pref.. — — 100 I do 2d pf.. 72 68 14
At Coast LB4 83 «5 N V Dock pf 744 724 "W
B& O 3Jf.. 88 86 95 YL& W — 120 130
Beth Btl pf 464 43% 464 NT &NJ T. 1154 110 120
Brunswick. 12' i. 10 12 N& W pf . . 82 £04 —
B R & P.. 09 71 90 Nor Amer... 60 69 61
do pref. .106 102 — Ont Silver.. 4 313 1 4!4
Can South. 65 62 65 Pac C Ist pf P0 £5 100
C&SAT.IO44 — 110 do 2d pf. . 80 65 00
C Leath pf 93 03 944 Pac Mail .. 244 24 24%
Ch & Alt.. 22 22 24 | Peo & East. 154 14 20
do pref.. 584 — 60 PC C & StL 734 74 "6
C&Elpf.llS — 150 do pref. .. 94 92 «5
CB & Q..228 160 250 Pit Coal pf. 30 30 41
CG W deb 5S 59 63 Pul P Car.. 1604 160 163
CI&L pf — 40 90 Quicksilver. 4 4%
C&Npf..2OO 200 220 do pref... 14 1 1
CStPM*O..I3S 131 135 R R Secur. 914 884 91%
do pref..ls9T£ 155 165 *Rv Stl iSp. 34 34 -* -S3
Chic T Tr. 3 3 5 «do pref. .1004 884 OS
do pref.. 12 12 15 , Read Ist pf 87 87 00
Chic U Tr. 24 24 * I do 2d pf. .85 85 «6
do pref.. 11 10 12 RW & 0p.114% US 123
CCC&StI>63 S3 . 564 Rut R R pf 25 25 29
do pref .. 914 SB 99 StL&SFlstpf 48 45 «0
CF&I pf 60 36 75 j do ctfs . .125 115 150
C&KC&I SO 18 21 do pref... — — 130
Cons Coal. 90 80 — J do new... 50 50 «0
D& R 0.. 27 26 274 St L Swn.. 16 17 174
do pref.. 66 654 67 ) do pref. .. 43% 434 444
D M & FtD 14 8 14"4,5e a rs-Ro pf — — <»74
Dtt United 38 35 39% Sioss-Sh pf.103 99 102 1 *
•DSS&A 12 114 134 So Pac pf..H64 1174 11R%
•do pref. 20 204 22 T City RT. 85 85 *<>
&4TH 624 68 75 ( v B A Pap. 6% 6% 74
do pref.. 84 78 95 , do pref... 60 5914 «14
Fed M& S. 794 72 95 Un Pac pf.. 85% 854 «6
do pref. 78% 76 79 jU Ry Inv pf 41 4 41 42
•Fed Su pf Pr. J>3 95 lUn Cigar pf 93 90 100
Gen Chem. 65 60 65 ', USCIP&Fpf 71 71 73
do pref.. 934 92 100 'U S Express 85 78 100
Granby M.105 97 105 »US Leather 12 6 20
Hay E! Ry 324 31% 334 »do pref . .104^4 1014 110
do pref.. 79% 75 80 i»U6R*R 0 8 10
Heck Val. ,«2 82 S3 «do pref.. 21 "7
do pref.. 83 81 90 US Rub 2pf 63 63 "1
Home Make 88 8!> 91 ! Vand R R.. 85 — 85
Injr Rand.. 70 SO — Va-Ca Ch.. 28 28% 29
do pref.. 844 90 — do pref... 107 108 110
Int Paper.. 9 9 10 *Vu! Detin. 54 4% <5
do pref. . 57 55 «7 *do pref. 28 28 55
•Int Power 31 i — 30 Wabash ... 12 124 12-4
I Pump pf 79% 75 79 Wells F Ex.290 275 300
lowa Cent. 174 17 174 West Md .. 11 10 11
K^vp?ch!?2 n* it i *"=»* »* • 10
•Unlisted.
INDUSTRIAL.
Ehai ! J Open-; High-i Low- I Last
sol!i - I ! Ing. I est. I est. \ sale.
70, Am Writ Pap pfd. 18 I li ! IS IS
15 '^5 a j; State Ga ------ !H8 2 3-16 2 1-tB 24
100 C Ry Ind St Pap. 1% 1% I 8I 8 . 1 it
100,Manhat Transit 1% i\ 1% i?
250 Standard Milling.. 114 114 lift] 11%
300 do pref 40 1 43 40 ! 43
52 [Standard Oil j 620 | 629 620 ! 620
RAILROAD.
S s h o a id eS | .' ?r<>n-J? r<>n -J Hlgh -' Low- ; Last
, Bo d - I I ing. I est. 1 . est. | sale.
t 200 ; Chicago Subway.. I 19 ] 194 1 19 | 1914
MINING.
6e6 c h 0^ M l I Oten-| High-! Low- I Last
r Bold - ! 1 Ing. 1 est. 1 est. [ Bale.
\ 200{Alaska Mines See. 7-18 H 7-16 H
I.<"X> Argonaut Cbn »\. 3 •>£ ,'*
«OC»,t Atlanta Goldfleld. 22 23 ' 22 22
4.000 tßanner 10 12 10 10
2.000 tßlua Bell 6V4 « I «V «
1,000: Blue 8u11.......:. 12 12 ! 12 1?
Boston Copper ... I 11% 12H 11H j \o\i,
I,Boo; British Col Cop.. 6 e% 5% «
110 Butts Coalition... 234 234 "1 23
250,8utt0 & N V 1«4 Hi i^' ,*
«.000 +Csobalt Central... 40^.1 40U 30 \ sou
11.700 * Combined M& L. 64 ! 12 ' t>'» 11 "
<VBOO fComb Fraction.. $1 20 fl 25 $120 $1 23
7.000 tCon Ariz Smelt.. 15 IS 19 ] 17
200 tCopper Crown 4S I 4S 48 I 4a
2,000 Cumberland-Ely .. TH 7% ~.K 754
600 Davis- Daly Estate I VI 13-16 IV 1 "»
500 Dla Black Butt«. . 14 14 14 I 14
2,<100: Dominion Copper.. T4 *1 %\ 15-1 a
20o'tKly Con 18 13 .18 I 18
500 1 First Nat Copper.. 6 ] 6 6 ! 6
300 Florence 8* 3H 3 7-16 3 7-16
3fO Foster Cobalt 68 6S 87 57
1.400 tFurnace Ck Cop. 16 17 lrt 17
200 Glroux 3% s\ 3% 3%,
1,000 tOold Bar 6 ! 5 4 ! 4
1.200 Gold Hill H' 7-lft «4 7-16
1.100 Goldfleld Con »V 5 15-16 5 13-16 6*6 *
600 iGoldfield Daisy.. 63 j «3 «53 «3
400 Goldfleld Gt Bend. 28 ' 30 2H 80
1.000 Greene-Cancnea .. OH : 10 0% 10
3.200 tGreenw C Smelt.! 7H 8 7H 8
500 Indian Val Con... I 4H 4H *.% 4H
1,500 i Kewanas j 33 34 33 84
1.000 King Edward ' * % % \
14.200 La Rosa Con 6 3-16 6"4 6 1-18 «>»
100, Me X Exrlor & M. 7 7 7 7
3.800: Miami Copper 9% 94 n* 8%
sOi> Mlcmac Mines 2 1 * I 2V4 2 2.H
100'Mlnes Co of Am.. 1 7-16 1 7-16 1 7-16 1 7-16
1.600- tMfKln-DarraKli.. II 00 $1 00 ] 06 '$1 00
100 Moose Horn ! Aft SO | 49 \ 50
6,500 tNorth Butte Ext. ! II) 20 I 1I 1 V.<
3.200 Nev Con Copper.. 1414 I4H 14 =•« ! 14S
200 Nevada Smelting.. i % % V T»
2.5001 Nev-Utah M & S.i 2 r »l 3 2V 3
7,^oo'^ V Cod Leasing. » I » I » I i
800 Nipif?fln(r M Co.. Mi b v t .« l i I 88 l t
900 Old Hundred I 4 4 '•■ " H
10,107 Orphan Copper 7V 7«s 7 ! 7H
. 400 tPenn Wyoming.. 24 24 24 I 24
••!.V>i Precious Metals... 1(1 "4 1 "»
1.000) Rawhide 2fl ) 2* ) 26 ' II
1.O00! Red Hill I 21 I 22 J 21 22
7.500 Red Top Leasing.. 20 I 21 { 10 20
i.mo tSearch m & m.. 05 $1 on $1 05 *: cm
800 Sliver Queen $1 124 $1 124 $1 08 $1 li»
750! Stewart ! V « 11-l«l 11-1«
300 Tintlc : 54 54 S'il 54
l«;.-i Tonopah Kxt I 814 «3 C 24; <':•
15tl Tonopah Mof Ncr 7l»7 l » 7 3-10 iS 7 3-19
4.100 Trl-Bullion ] 1 | 1 ' l.Vlfll I
l.Vi Tuyra De* pref . . . ! 2HI 2% ZH{ 2»»
300 Union Mines I % St Hi - H
i.hm» Tnitfi Copper.. . \"\ 10% 104 10*»
100 tl.'nited U1c0...... 2.1 2S 24' 2S
500ll'tah G& C 68 ( 98 M 5S
2.(i<io!Yukon Gold Mines 4 O-1f1i.4 in 10 4 0-16 4 11-16
BONDS.
I . I Open- i High I Low- ( Last
Sales. I --V ; ! ing. . eat. ! eat I Mle.
$5,001) iVntral ray 6» . <UJ«4| •"••! v» 1 '<■* 63»7
1.000 CM Steamship 4f. .11 II 1 11 11
1,000 Tldew rt p c notes 09 H 00** 1 :'.<\ ■ t>»^
11.000 T StL 4W C t 4*l 725! 72H, 72H TJ •.
•Odd lots. tSella cents per ihare.
BAHKCRS TRUST
COMPANY
7 WALL STREET, NEW YORK.
Capital, $1,000,000 Surplus & Undivided Profits, $1,183,233
DIRECTORS
,_.„,» B . KFR EDGAR L. MAMTOS. >* -«'
S ?rr, H^n°o?^nhatt*n Co. *. T. BU.r A %■.**»%**• T * ,'
pf"s«ti?*N«*«nil Bank. N. T. J P Moric.n * O Bankerm, *■ T.
EDWIN M. BILKLEY, IIM4M II PORTER.
Spencer Trask * Co.. Banker*. N. T. Pr«» Ch»ra!ra! National Bank. X. T.
JAMES O. CANNON. -_■ , ~ ;■ _ DANIEL O. REID. _
Vice-Pros Fourth National Bank, N. T. Vlce-Pres. [ •--■. National Baax. N- x.
EDMUND C. CONVERSE. EDWARD F. BWIN>"ET.
rr«>slj*nt. N. T. Pre«. Flr»t National Bank. Kanni City.
HENRY P. DAVISO>. JOHN F. THOMPSON.
Vlce-Pre*. Fir-; National Bank. if. T. vice-President. N. 7
W s.^^s?7ih BB Bank. *. T. «■» - « .V • . [»^>^.. k B«X *. T.
Savin,. Bank. *^KD jrOTO« XD. B^
A C BARTON HEPB^BN ' A LMW ■ • r JJ««»V«M Bank. *. T.
1 *"* "• K. T.
Vice-President. N. T. vn«-ARn F C VOCNO.
GATES W. Mechanics' National Bank. «T. Pre». Fir.t*N»Uonal Bank. Jersey City. «#
President Mechanics' National Bank. N. T. . _«/.♦-•. «nH ctr^n<rth «t
Particular attention is called to the personnel, character and strength of
this Company's Directorate.
INTEREST IS AIT OWED I PON DEPOSITS.
I ,;■;.• ■; E.C CONVERSE, Pre id erst
J. F. THOMPSON, V. P. T. W. LAMONT, VP.
D. POMEROY, Tneas. B. STRONG Jr. Secy.
I DONOVAN. ASSt.Treas. F. CLOSE. Asst. Secy. ,
-■- ■ — — ~ ■^~~—^—^^™^^^ M^ M
Bowling Green Trust Co.,
26 BROADWAY. NEW YORK.
OFFICERS «
EDWIN GOULD President
WILLIAM H. TAYLOR - Ist Vice-President
CHAS. P. ARMSTRONG - 2d Vice-President
JOHN A. HILTON - 3d V.-Pres. & Treaa.
WILLIAM M. LAWS - - - - Secretary
DIRECTORS:
Charles P. Armstrong, George J. Gould,
Frank Brainard, John A. Hilton,
Harry Bronner, Edward T. Jeffery.
Franklin Q. Brown, Winslow S. Pierce,
Robert C. Clowry, Morton F. Plant,
Edmund C. Converse, Dick S. Ramsay,
Wm. Nelson Cromwell, Frederick B. Schenck,
P C. Costello, Andrew Squire,
Grenville M. Dodge, William H. Taylor.
A Goepel, John P. Truesdell,
Edwin Gould, E- F. 0. Young-
Frank J. Gould,
THE TRUST COMPANY OF AMERICA
87-43 Wall St.. New York.
COLONIAL BRANCH; LONDON OFFICES
222 Broadway. 85 Greshara St.. London. E. C
x o* ERB <>c*
4** TRUST CO. **
OUTSIDE SECTJEITIES.
There was a decided Improvement in the tone, of
the market for outside securities. Sharp recoveries
were the rule and in many instances prices rose
fractionally above the high of the previous day.
Trading was more evenly distributed throughout
the list Standard Oil recovered 10 points. Chi
2go Subway was up * Standard Milling shares
were strong, especially the preferred, which Im
proved 3 points. In the mining group Combination
faction was up oc. Cumberland-Ely was
lar Goldfleld Consolidated was firmer. Greene-
Quanta improved •*. Miami % and Nevada Con
solidated *. United Copper was steady United
Rico was up 4c. Yukon Gold, Nevada-Ltah and
McKlnley-Darragh were slightly better British
Columbia was an exception to the rule .selling off
14. Bonds were quiet, but generally steady.
CONSOLIDATED EXCHANGE SALES.
STOCKS.
_. „_, 1 " " I Open- 1 High- , Low- , Last
S **£* \ 1 ing. f est. ( eat. I sale.
«> AIH-O.aln.era ... 10 gl 10* WH
5.490 Amal Copper. 3> |« TV £ *
Bj£S5£SE:: || g g g*
afijSSsai? 1$ I* J| gi
Sgx^SSfl?^: ' l-> » , lp -fl * »g5
4,620 Brookb-n RT..... M . «* ««% 1
SlgS^-oS^ "S* % '22
»S|g«L«-:: 4$ >g «? ««
650! col Fuel & 1 WJ »» X. 32
220.1 Col Southern 3.5, 3. •• 3.H 3.£
in 'Pist Securities 294 S^l 29^ §S
-«*7oFr!e ■••• 29 s * 30*» 2S'» 29 »
1340 Or Northern pref.. 13ft% 12S» 129% 12*»»
10|lllinols Central.... 137 137 13. j IJ.
50 Inter-Met — 10% 10% JJ* >J*
120 do D ref 81 32 ' 304 31
5o Louis & Nash.... 104 | 104 ! 104 104
130 Mo K& Tex 29 29%! 2* 2»^
C.7" Mo Paclflo MS, 52H , Sl4! 62
620 ' National Ijaad 7«V| 78 7. l .«»*
7"ft N V Central 102 1024 101* 102S
110 N V Ont & W.... 40 40 W'*. 3»*4
1.340 Nor Pacific 1344 134H 1324 132^
fin 1 Pacific Mail I 24** 24* ; 24\ 24*«
640 Pennsylvania .... 120»i 121 L 120£ 121*
Peonies Gas . ...I 85% 9R4' 95H 954
40'Presped Steel Car. 29»» | 30V 29 * 30 1 *
86.020 Reading 1244 125 vfc 124', 125 »
10 Republic Steel 214! 21\* 21f. 21 ■*
40 do pref T6 ' 77 76 77
70 Rock island IS I 1«4 1" W*
240 .io pref. _.. 32 33-. 32- 32%
(10 1 Southern Ry 204 20** 20»» 20H
601 do pref PO-, SI 50 7 » 51
7.1601 Southern Pacific. lOf.V 101 99** l"i «
32.120! Uni0n Pacific 1544 185 19SH IMS
140|U S Rubber 2*H 29H 2SWI 29S
8.0701u 5 Steel 42V 43 1-*1 -* 424 43»»
180 do pref 1074' 1074 107 107 *
SO T't.-ih Copper I 38 7 *' 3ST» 3SV 38%
Bo!wabaah pref ; 24*4 24% ! 244 1 24**
100 Wisconsin Central 27*4 274, 274 274
134.. Total sales.
MINING.
Shares I J Open- ! High- I Low- | Last
gold. I I in?. | est. ; est. , sale.
Atlanta I 22 1 * .21*4 .22^i 224
300 Belcher .27 .27 .27 .27
1,500 Blue Bell I .0« .06 , .06 ; .o«
ROO Con Cal & Va 70 .70 .69 .60
1. 1 kpO Cracker Jack 07% O7V .07H .074
4t>o|Comstock 20 ] .20 .20 I 20
200'Chollar 17 ' .17 ' 17 17
2<X>|Comb Fraction.... 1.21 1.21 1.21 121
600 Find lay ! 20 ! .20 j .20 : 20
420 GoldQeld Cons ! 5.75 I 5.874 5.75 SS7H
I.3fiO!Lono Star 09H .10 ! .0»H .10
Mexican ) .61 .61 .6O " 6O
600iMollio Gibson I .07 i ft? 07 07
lOOjOphlr ! I.SO 1 ISO \m '■ l!so
400 Tonopah Mining...! 7.00 I 7.00 7 00 7 00
600 Tramps Con ! .17 | .17 | .17 . j
5.620 Total sales. ~~~ *
WHEAT.
£*■"•' I Open- | Ht « h - | In,- I i^st
busn - ' I Ing. I est. I est. j salr.
?2Un-»H December option.. |1 iiO^. $1 00 \ | 00S !$1 00*4
NEW YORK AND OTHER GAS SECURITIES.
Bid. Asked. Hid i.>.i
Am Lt * Tr. 112 114 «M Ga, M 5... M 90
J" rref 92 N 'JMIMM QM h. S £>
_ Jo notes 110 Hi -Kan City G ss. Ort k>
Bait con « 102 103 ' ..Mad (W, Ist 6s. 101 104
do con Ist .'.».10x io» Mutual 145 vi,
•BlnKham Q ss. 95 100 "n?S.'4B taS^'lS Ml
do .-.V -.«' ,V- 4 * N . V * F % R Ssl °- 105
•.-.n V"n .; ,V ;.«.-., |0] I'a*ter.oa n *fV C § ?J? J
Con Ist rs.jU^ 104 -PluV °Co* G fa! ?0 87
C PG&C con 6s. 117 12l> {Har.dard CA TS
!o4 S
ccn Oas N Jot.J ot. 67 , «H4>| «j o isti st 5 , lOl> ,?,'
Denver G»s M BJ>^| -St J G«. flil ." " 86 00
.*' ?«•••;•" 9 » «St PO c m 65. 100 10*
V.o pr Men .'.. M 101 IStLtA Tr 5» 77 «
:^3 -.tot^CM.a. 108 104 !s, Paul Gas R,:: 92 W
ING & C 5 ? .. 844 SH |» S yra G Ist 35.. 100 1014
Indianapolis Gas 31 40 |Syra L; * P Bs.. 63 72
•And interest.
FERRY COMPANIES.
Brooklyn Ferry, "i* A>k^ ny*E R,„ a , B 'f A l^
i-S-lISJI-'Il
mi• I I — 60 I do 11th 7t £
TO THE HOLDERS OF
Central of Georgia
Railway Company
FIRST PREFERENCE INCOME BONOS
Th» Board of Directors of the CENTRA!* OB* GEORGIA
RAILWAY COMPANY havin* filed with the Trusts* «•
the mortgage securing tha above bonda a. I'-'iraUi
that no Interest la payable on the First Preferene* la.
come Bonda for the fiscal year andlas; Jus« SO. 1994
the undersigned, owning and representing a latasj
amount of said bonds, have been requested to act as a
Committee for the protection oS th* lixh'j of. to*
holders thereof.
The Committee has prepared a Protective Agra*.
ment. -which is filed with the METROPOLITAN VXCtt
COMPANY. 49 Wall Street. New York City, tie depoaV
tary under the agreement.
Immediate action being necessary, holders of th»
above ' bonds desirous of availing themselves ef th»
benefits of the Agreement should deposit same with 'he
METROPOLITAN TRUST COMPACT not later * m
the 28th day of September.' 1908. as protest will h»T»
to be filed with the Trustee of the Mortgage by the
30th Instant. Stamped bonds must have the October
Ist. 1903. and all subsequent Interest warrants at
tached; and registered bonds must be deposited with a
proper assignment and power to transfer, so aa ta
enable the Committee to transfer the same to itself or
Its nominees. Negotiable receipts or certificates of j».
posit will be Issued by the depositary, subject to mid
agreement, and application will be made to list taa
same on the Sew York Stock Exchange.
BONDHOLDERS SHALL IS NO EVENT BE OBLI
GATED TO CONTRIBUTE FOR EXPENSES IV «X
CESS OF $7.50 FOR EACH BOND DEPOSITED. A
FIRST INSTALMENT OF $2.30 PER BOND 13 PAX
ABLE AT THE TIME OP DEPOSIT.
Copies of the agreement may be obtained upon ip
plication to the depositary or to th» undersigned
New York. September 17. 1908.
R WALTER LEVT. Chairman* i
FREDERIC WM. SCOTT. \-
WALTER P. GARDNER. "
Cosyslttsa,'
JO3. S. DALE. Secretary.
52 William St.. New Tor*.
WILLIAM N. COHEN. New York.
ALFRED A. COOK. New York.
SAMUEL B. ADAM?. Savannah.
Counsel.
WOULD LIKE TO hear ok good MTNINO 03
» » other stock for sale, which would be a saTe, profit
able Investment: no wildcat fakes considered L» DAI3T
SHIRE. Box 1810. Rochester. W. T. «««-
TOPICS OF THE STREET.
FOREIGN 1 TRADING— houses r —^twit
about 35.000 shares in the local market with prac
tically no sales. In London consols were hear*
while outside of the copper shares and American
stocks th© general market was inclined to sell oft
Improving', however, toward the close. Money was
In better demand in London, and discount rates
•were steadier. At Paris and Berlin no Importaat
market movements were recorded.
DIVIDENDS DECLARED. have lets.
declared as follows: Buffalo Mines Company, regu
lar quarterly 3 per cent, payable October l; Dairy
men's Manufacturing Company, regular 8 per ctat,
payable October 3: Equitable Trust Coinpany.tresrs
lar quarterly 3 per cent, payable September i 33;
Electric - Storage Battery Company, regular 'htom>
terly *» per cent, payable October 1: New York and
New Jersey Telephone Company, regular qiiari«i7
l*i per cent, payable October 15; Standard MfllW
Company, regular semi-annual :u per cent and %
per cent extra on the preferred, payable October 0.
NOT LIKELY TO PAT THE IXT REST. -T*
interest on the general mortgage 4 per cent beads
of th© Seaboard Air Line Railroad Compaq,
which was passed on April 1. will be In actual i*
fault unless paid on October 1. but it is understood
that payment will not be made at that date. It*
expected that a call will be made before lons fort
deposit of bonds, but no steps in tfv <l!redion af
foreclosure art? likely to be taken until th« «•»*
■aPll plan shall have teen wnpictei a:4
issued.
MEXICAN CENTRAL'S DIRECTOR3.-At •»
annual meeting- in Boston yesterday ci stocSJiold
ers of the Mexican Central Railway Company. H.
v\ interfeldt, Walter T. Rosen. D. P. Bennett ad
George W. TVickersham. all of tils city. *ai»
elected directors for five years. An adjournment
was taken until Septeraoer 30. wn«i the annual r->
pert is expected to he ready for .« Emission.
A PAMPHLET FOR INVESTOR?-- Redmond*
Co.. of New York, have issued a valuable pampalat
giving an abstract of the laws of Connecticut gov
erning jpvlngs bank investments, together with a
list of railroad bonds which are at present. IB
their opinion. legal investments for savings baaa»
and trust funds under the requirements of ties*
laws. The bankers offer to send copies of the boaa>
let upon request.
DISTILLERS' SECURITIES COKPORATION.-
Directors of the , Distillers' Securities Corporate
are expected to meet next week to take action a«
the quarterly dividend. A close interest in the cor
poration asserts that the regular rate of one-aaat
of 1 per cent will be declared without question. 9*
states further that there has been no intention at
any time of late on the parr of the majority of «•
directors to pass the dividend. According to aa»
the dividend has been more than earned, the cor
poration has the funds with which to meet **•*?*
the directors have the desire tit pay It. It Is ■■*
stated positively that the October 1 Interest <* t-»
Distillers $13,990,442 first mortgage convertible^ P*
cent bonds will be met. These bonds are secured
deposit of over 90 per cent of both the conuocsts*
preferred stock of the Distilling Company of A3*^
lea and by the deposit of the bonds of that c 085*37
acquired.
NOT TO OPERATE ITS OWN SERVICES.-^
cial dispatches from Chicago quote officers ***?
Chicago. Milwaukee A St. Paul Railway CosP*£
as denying the report that the company ha>%
elded to operate Its own express and comta*^*
telegraph service over its system after D*c«s- fr
31. when its contracts with the United State* £^
press Company and the Western Union TelafJ***
Ccmpany expire. . ,
COTTON MOVEMENT -Midweek statement*^
the cotton movement at interior towns show tB
l.^l bales were received, compared with *^f*
bales shipped. This suggests that stocks it***'
cumulating to the extent of about one-fourth *£T**
ceipts. At Memphis, one of the leading nt ***|
towns, the flr«t half of the week gave r " c *''** 1 **
6.lC* bales and shipments of 2.479 bales. At ■*•*
gusta iJBt bales were received and sh!prß«B**^
5.3C1 bales made, showing that accumulations t- er^
are more than half of receipts. At Houston. "c«
."•..'K' bales were melted, against 4-.TTI hMap
shipped. All of these figures Indicate a fair a«^
mutation of supplies as the volume of ** le9 ■•'
first hands advances.
COBALT PRICES IN TORONTO. 1*
(Furnished and corrected dally by Stewart * I*******
No. 45 E-«.h»n«« Plac».) .
rid. Asked.: BU. A***-
Muffal.-. J2 25 S-t '" i JlcKin!*y-Dar.sl OJJ •» %■
City of *bah 1 O.T 2 •>•> I New Temiskitn »*t %mi
Colbelt Lake.. 19 -rt |Nl;.ii»lr.K * J-^» sS;
«." niaga» 575 « ,%4> iNova S^-ctia. . . »J m
Crown R*s... I «ft 1 K*t j Peterson UaXe. 3» .^
roaMt 534 57 I Silver Lea; »■* .5*
f!reen Mwhan 12 IT ISlNer Qae«e.. - J » «
Kerr Lake . 375 *25 Trrt.-f . . . . I*^ i^i
utts« NlpU.. .* jr !La Rom •« -°*"'.

New-York tribune. [volume], September 24, 1908, Page 10, Image 10
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], September 24, 1908, Page 10, Image 10 About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], September 24, 1908, Page 10, Image 10
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924