The Wall Street Journal from New York, New York • Page 7

it II' v. 1U J. ii. ft 8 kuiay. IMPROVED CONDITION IN TRANSPORTATION, MANUFACTURES AND BUILDING.

Votwaa of Live Stock and Grain Movement Below That the Same Month in Two Encoding Years? With Slight Cluck in Vptoard Trend of Coal nl Lvmber Trae May Figures i Some Case JBtlov Thoot Earlier in the Year. figures of the leadirg eommercia'l movements, reported to the bureau of sta- UaUca of the Department of Commerce and Labor, indicate an improved condition In transportation, manufacture, and building activities. The Volume of live itock nrd Tain. movement la below that reported for May of the preceding two yean, and there appears also a slight cfieek in the Urrward tmwl riia mmA luV frffi May figures In tome caeca being below those recorded for me tinier montm of tfte year. The coke output and ship- went show a continuous Improvement In answer to the larger demand of the iron furnaces.

Increased takings 01 cotton and wool indicate a greater activity in the tax- til industry, while larger shipments of boots and shoe from the chief distributing eenters may servs as an index 01 more regular industrial employment. The building activity in the larger cities of the country waa unusually heavy. Traffic operations' of the railroads, to Judge by the total number of freight ears handled and the number of idle cars reported, are not yet up to the high record of 107, though comparisons with May, 1908, figures show considerable improvement for practically all sections of the country. Live stock arrivals at seven leading primary market totaled 8,896,767 head, compared with 8,293,809 and 3,. 832,066 head received at the aame markets during May, 1907 and.

1906. Of the total receipts 691,368 head were cattli, 75,575 calves, 1,698,919 hogs, 609,199 sheep, and 21,706 head horses and mules. Live stock receipts at four principal Atlantic seaboard cities for the month, 677,828 head, were also'below the like total for May, 1908, 707,601 nead, the loss being due, however, exclusively to the snul lor number of hogs received. The shipments of packing house products from Chicago, 176,875,044 pounds, show but a slight change from the May. 1908.

record, but were 11 per cent, below the May, 1907, total. As compared with the May, 1908, Agures. large decreases are shown In the shipments of fresh beef, canned meats, and lard, whlie the quantities of cured meats, pickled beef and pork shipped were large than a year ago. Grain receipts at fifteen leading interior markets, 0. .156401 bushels, fell short of the May, 1907 and 1908 ceipts at these markets of C7.846.956 and 44,1091 bush-eli, losses appearing in the receipts of wheat and oati.

The May receipts of grain at the four principal Atlantic seaports, 10,896,329 bushels, were, considerably below the corresponding 1907 and 1908 figures of 22,132,371 and 190,384 bushels. Of the total 8,063,371 bushels were wheat, a quantity almost 45 per cent, below that received at these norts in May 1908. The receipts of corn and flour during ti)e month also show a marked decline, as compared with may. 1908, The month of May notes a further curtailment in the shipmenta of anthracite coal from eastern producing tat. Titory, the total, 6,063,873 gross tons, being over 1.000,000 tons short of the eomspondinjj Msy, 1908, figures.

Tht shipments for the five months of the year, 27,046372 tons, were 'the largest reported for the period in the annals of the industry. The lake shipment of soft cool tlurmir the month. 1.181.893 net tons, were more than dou. ble the May. 1908, figures, while the lake shipments of hard coaL 447.848 net tons, show but a alight Inereaa ov the eorreenondlne 1908 figure of 434,496 net tons.

Tfcd ahipmenta of bituminous coal over eight of the leading astern coal carry fa railroads. 7.548.622 tons, while be low the April figures, compare favorably with the corresponding 1308 total of 6,015,708 tons. Cok shipments during the month over the same roads. 1,712,987 tons, show an even greater improvement over me May. 1908.

figures. The Connellsvllle coke production dur ing the four weeks of May, 1.060,359 net shows ar. increase of 68 per cent over the corresponding 1908 figures, the improvement being most notable during the lait two weefca of the month. The pig-iron production during the month, 1,880,098 grosa tons, proceeded at we rat or output slightly above that reported for April, and Waa over 60 ner cent. In excess of the May, 1908, output The takings of cotton during the month by American, includlmr Canadian sninners aeirregated 344,974 bale, com- pared with 322.307 bales reported for May, 1908,7 Of th total 139,452 bales are credited to northern miHs and to southern mills.

The total wool receipts at Boston during the month aggregated 83,826.498 poundi. compared with 14.358.492 pounds for May, 1908. Shipments of boots and shoes from Boston for the four weeks in May amounted to 292,483 eases, as against 243,273 cases for the eoreeroondin neriod in 1908. Building operations in 101 of the larger Ameneat cities show a further improvement Th value of building narmit in-anted in theee cities during May, $94,599,004 was ahoirt ten million dollars larger than the like record We? Tot April and 75.7 per cent, in excess oi we way, iuo total. Tbe Bowery Sayings Bank.

128 AND ISO BOWERY. NEW YORK, June 14. 1800. 150th Comrcqtlve Dividend A leml-anntial dlvldenit at tb rata ot FOl'R par eent per annum has ben declnreil and will ba eradltad en th nrst rtav of July next to all dapoaltora entttli thrralo. and will payabla on and aflrr Motilav.

Julv lth. 1IM. Mnney dpotltd on or befora July .10 will driw lntr-t from July 1. 1009. HENIiiT A.

8CHENCK, President WTliT.TAM E. KNOX. r0mprollar. JOSEPH O. LIDDL8 Bacratary.

La Rose Consolidated Mines Co. A dividend at tia rata of per cent for th quarter ndlna 1 1 at May, and a bonua of 1 par eant. has barn deWared upon tha oulslanllnr Capital Slock ef tlie Com-panv and will paid 20th July. t0. to sharabnMara of record at the dona of buainana on tt July, ,1809.

By order of the Mlreclnri tha transfnr bnnki will cloaad from tha olote of bimlncM on lat July, lOou, and ramaln cloaed" until 1 A- M. on 5it Julv, imst Dated tha 17th dav of Jnna, 1000. LA BOBR CONROMDATEn MINES CO. I). A.

BacretaryTraMurar. CKEFNWICD SAVINGS BANK 'r. tk Avr. aad Iflla St. INTEREST AT THB HATB OK FOUR PER CENT.

MOT PKU ANMl'M will ba credited depoiltora for the Ck JO SIX MONTHS ENDING JUNK SO on all mmi from to t3.ttOA entitled thereto under tha by-law, payabla July IA. Drpoalia ataila an ar bafer JILT 10 wlU draw lataraat tram July .7 A11KH QU1NLAN. President. f'HARI-K M. UUTCHEK, Traaa 3.

HAMPPEN ROIB. FRANCIS M. BACON. "rairiaa. AMERICAN I.OCOWOTIVB COWPAJIY no Cliuii-h 8traet; Now York, June U4th, IOOO.

Tha Board of Ulroclora this Cay declared a quarterly dividend of one and tlirea-quvtera per eant. upon the pre-i ferred capital itook, payable July 21at, Io, to the preferred aterkboMer of recor 1 at tha close of bualneMa July eta. Wit. Check will be mailed. Transfer boka of the preferred dock will cloa at 1 i P.

July eth. 1K09. apd reoixin Jglr 1UO0. 8. T.

CALLAWAT, Secretary. AMERICAN TELEPHONE fc TELEGRAPH COMPANY A dividend ot $2 per h.re-wlll be paid on Thuraday, July 15th. tuoj, ti stockholder of record at (he cloia ot business on Wedneeday, June SOth. 10O9. WILLIAM R.

PRIVER. Treasurer. NATIONAL lltlOntCB) COMPANY COMMON UIV1HENP NO. 15 A aeml-annuHl divldoud of 2 on Uia Common Block of this Company haa thl day been declared, payable July Htb to all Common istockholilfiY ef record on July Vnd. The Tranifer Booka of the Company wU oIom July 2nd at 3:00 p.

jL reoualn( lO-OO A. M. on July Oth. M. W.

PETlIKRBltUXlB, Treaaurer. July Ut 1 Oftte TBI liNITBD OA! IHPROVBMHMT COMPART, K. W. Corner Broad and Arch tjireeta, Philadelphia. June 4, IOOO.

The Director bay thl day declared a quarterly dlvl-: dent ef two par eent. (tl.Oft per ahare). payable July 15, I'itiO to atoekhldara of faecrd at the cloee of bualnaaa Jan iaTiShi. nm 4U be suliel UtWU UU4S. Traaausac DIVIDENDS.

BROOKLYN CITY RAILROAD REGULAR DIVIDEND. Directors of the Brooklyn City Railroad declared the regular quarterly dividend of Zu, payable July 15. oooKa ciose xroni July 1 to July 10. CALUMET CHICAGO CANAL' ft DOCK CO. OlirHttT Til tit raltimn, Jt, r)ilam.

7nnftl ft Dock Co. have declared th regular semi-annual dividend of Si ner shava. Aucuot in tn stork of record August 6. "WINDSOR TRUST REGULAR DIVIDEND. Directors of th Windsor Trust Co.

have declared the Tegular semi-annual dividend of 8, payabla Jon 29. PhiladlphiaTh directors of th Philadelphia City Paasenirer Railwav Co. hava declared a tuml-annnat Hlvi dend of 13.75 per rhar, payable July 10 to atock of record. June 28. Book closed June 28, and reopen July 12.

Boston Directors of the Boston ft Northern Street Railway Co. have declared the semi -annual dividend of. $3 per share on th.preferred atock. oavubla August to stock of record July 17. Boston Directors of th Old Colony Stret Railway have declared a semi-annual dividend of 3 per ehare on th preferred stock, oavabla August 1 to stock of record July 17.

Boston The United Verde Conner Co. la to-dv wav ing a regular monthly dividend of 75 cents a share. finfttOfl Th Tirana Pa la n.inn quarterly dividend of S3 per aharo on the common stock. PENNSYLVANIA COMPANY. Joy Optnting Incom $3S7fi87 Ovtr 1908; Eleven Months $6CS fits Gain.

Washington Th report, In detail, of th Pennsylvania Company, as died with the Interstate Commerce Commission for the month of May and eleven months ended May 81, compares as follows: May: 1909 1908 Changes Freight revenue $2,881,208 82,123,960 Inc. f.757,247 Passenger revenue. 640,084 619,718 Inc. 20,366 Other transp. 813,399 272,598 Inc.

40,801 Non-transp. rev. 14,261 15,420 Doc. U68 Total oper. Mt of way ft struc Mt of eouiDraent.

Traffic expenses iransp. expenses General expanses (3,748,944 450,874 623,583 63,840 1,168,562 08,170 11 months deficit. $32,155 Surplus. May SI, compares as follows: 82,031,697 Inc. 257,063 Inc.

405,903 Inc. 67,839 Inc. 1,053,431 Inc. 03,142 Dec $81747 193310 111 nan .4 I i 5,950 i 115,131 972 Total oper. exp.

$2,275,031 Inc. $431,600 Net oper. rev 1,473,913 1,088,267 Inc. 885,646 Outaid op. (debit) 210 Inc.

219 Total net rev. $1,473,694 $1,088,267 Inc. $385,427 Taxes 149,900 132,060 Inc. 17,840 July 1 to May 31: Freight revenue Passenger revenue. 6,107,676 Other transp.

8,187.202 Non-transp. rev. 180,972 Total opsr. $37,466,559 Mt of way ft struc. 3.997,632 Mt of equipment.

6,039,481 Traffic expenses 684,665 Transp. expenses 12,885.291 General expenses 776,413 Total oper. $21,383,483 Net oper. rev 13,082.075 Outside op. (debit) 80,182 Total net rev Taxes 13.0il,892 1,665,497 $956,207 Inc.

$867,587 $30,001,319 6,478.742 Dec. 871,168 8,027.066 Inc. 110.136 284,100 Dec. 103,127 $3951.228 4,516,082 Dec. 618,450 6,951,028 011,546 688.760 Dec.

4,096 14,682,205 Dec. 1,796 91 4 805,244 Dee. 28,830 $27,643,821 12,207,906 Inc. 874.168 Inc. 30,182 $12,207,906 Inc.

$843,986 1,483,661 Ine. 181,936 Oper. income $10,724,348 Inc. $662,049 COLORADO MIDLAND. epaaMaawaaaaaaaaaaaa.

May Deficit Againet $10,920 in 1908; Eleven Months S3SJ55 Deficit. The report of the Colorado Midland Railroad Co. for th month of May and eleven months ended May 81 compares as follows: 1909 1908 1907 May gross $194,091 $164,431 $197,632 Expenses ft 166,815 137,664 152,634 May net Other Income (deb) Total income Charges $27,276 8,761 $13,515 SU30 Improved Railroad Switch Co. M8y deflctt Trenton Certificate of Inromorntion has been grant-1 months gross. to the Improved Bailroad Switch Woodbury, capital Expenses ft Taxes.

7,223 $20.000: in-nrporators. Iinvld B. Broadwater, Artnur Downe and Cherles T. White. The eomoanv is to manff-J facture railroad switches, wagons and wagon supplies.

DIV1DBXOS. 11 Months i Other income (deb) Total income $312,695 Charges 844,83.0 $26,867 6,443 $20,424 8130 $10,928 2,035,788 1.6u9;C95 $376,093 34,957 $341,136 841,330 $45,018 6,532 $38,460 30,647 $7319 2.23S,90t) 1,687 J137 $051,303 39,003 $512,2 oO 837,113 $194 $175,137 YAZOO MISSISSIPPI VALLEY. May Net Against Deficit Year Ago; Eleven Months $7JS00 Gain. The report of the Yaioo MissTssTpokValley Railroad Co, for the month of May and eleven months ended 19Q0 1908 1907 1906 May gross. $705,387 $683,613 $703,953 $728,959 Exp A tax 660,345 721,376 670,936 642,703 May net $45,042 11 mo.

gross 9,371,847 Exp tax 8,330,639 11 mos. net $1,041,208 Deficit. $37,758 9,478,433 8444,570 $188,256 8,765,702 7,935,083 7,435,130 6,738,865 $1,033,863 For Extra Subway Tracks. The Board of Estimate has appropriated $875,000 for turning the Chambers Street station of the Brooklyn loop line of the subway from a four-track to a six-track way It is estimated that about $1,000,000 besides this will bj required for acquiring additional property. The Board of Estimate appropriated $2,02,100 for water mains in Manhattan and the Bronx and about $2r 000,000 for aubways For Brooklyn water supply, $623,000.

1 Grain Elevator Employes Strike. Chicago All of the South Chicago grain elevator emplovss. except those of Bartlett, Patten Co. and one other house, are on strike. INT-HOST.

American Telephone Telegraph Co. Ple Per Ceat Three Year tiold Coaooa Rate. Coupon from those Notes, by their term payable on July 1, HX' at tb office of Its treaaurer In tha City, of Boston, or at th option of th bolder at th afllo of lu traurr in the City of New York, will be paid In New York by tbe Manhattan Trust Company, JO Wall Street, or In Boston fcr th National Bank pf Commeroe, Seara Building. WHaJAM PRIVER. Treasury, AMERICAN TELEPHONE TELEGRAPH CO, Fcnr Per Cent.

Collateral Trust Bonds Coupon from the Bonds, payable br their term on Jolv 1. at the office of th Treaaurer In Nw fork, will be paid br th Manhattan ompanjr. JO Wall Street aU ft, tmrVKR, TreMtuer. JO J11AL, JAVbllDAY I.iCilimG,'JULY 3, SAEOAUD AIU LINE. Estimate of Earning for the Year Ended June JO Js'at Of Expected.

The Seaboard reorganization plan contains an official estimate of the earning for th year ended June 80, 1909, baited on eleven months' actual figures an3 estimated for June. The estimate includes the earnings of the Seaboard Air Line; the Atlanta, Birmingham ft Atlantic; the Florida West Shore; Plant City, Arcadia ft Gulf; Tallahassee, Perry ft 8outhestern; Catawba Valley and the Baltimore Steam Packet Co, The statements follow, 6H083 KCT AVAIL. FOB INTEREST E4tVINC EAltMNCa INTCtEST PAYABLE Seaboard. A. B.

ft A. L. 98288 Flo. Sho. 164,723 PI.

Cty A. ft G. 4970 T. P. ft S.

W. 871 Catawba 2827 Bait St. Pckt. 708,417 $4,406,178 $3,996,300 31,829 20,916 484' 10,880 128,266, 189,128 12,600 13,188: 85 4,386 126,265 230,400 35,850 Total $18,416,009 $4,959,027 44.750.77fi $461,660 Deficit Does not include interest on securities of ubsidiary lines owned by the Seaboard Air IJne Co. The present outstanding Seaboard Air Lin Railway securities, including receivers' certificates, and annual interest charge, follow: AMOUNTS ANNUAL INT.

Common atock w.fllB.inn Keeelvers' wrtincatea 7,510,000 Underlying divisional 80,400,000 1st mtg 4s leas pledged in treas 12,775,000 Ten-year collateral trust 6s. 10,000,000 Three-year Collateral trust 4,651,000 General mortgage 6a 6,345,000 Collateral gold note 700,000 Equipment bonds 6,000.000 Notes payable 3,000,000 At ft Birm 1st 4s less in treas 6,760,000 Fla Sh 1st 6s less in treas. 717,000 $408,100 1,504.400 611,000 600,000 232,550 817,250 42,000 800.000 I 180.000! 130,400 85,850 Total interest charge. $4,261,650 Amounts In the hands of the public. Exclusive of bonds held in the treasury.

A statement showing the securities and fixed annual interest charges under the reorganization plan before any of the refunding bonds are issued, follows: AMOTTNTf ANNUAL INT. Preferred stock $23594.100 Common stock 87.019.400 Underlying dlv. bonds 30.400.000 1,804.400 First mortgage 4s 12,775.000 611,000 Ten-year collateral trust 5s 10.000 000 500.000 Three-year collateral trust 4,651.000 232,570 Equipment bonds B.799.000 274,510 Adjustment bonds 24.979.500 Atlanta at Birm 1st 4s 6,70 (XH 230.400 Florida West Shore 1st 5s 717,000 85,850 Total $3,288,710 These figures represent amount of principal of outstanding equipment bonds after July 1, 1909, tPrior to maturity or redemption, interest payable only if earned and declared. LONG ISLAND RAILROAD. Operottnj Income far the Month of Mag Aggregated $311r 000, a Decrease of $38,000.

Washington The report In detail of the Long Island Railroad as Bled with the Interstate Commerce Commission for the month of May and eleven montha ended May 81 compares as follows: 1909 1908 Changes Total oper $783,670 $972,186 Dec $188,616 Total oper 627,541 606,031 Dec. 77,489 Net oper revs 256,028 387,155 Dec 111,126 Outside oper (net) 83489 Inc. 83,189 Total net revs. $339,218 $367,155 Dec $27,936 Taxes 27,235 27,233 'Oper Income $311,983 $339,919 Dec $27M July 1 to May 31 Total oper $7,436,601 $9,01707 Total oper exp 6,782,060 7,203,190 Dec 1.4JU30 Net oper revs 1,654.641 1344,116 Dec 189,575 Outside op (net). 787,878 Inc.

787,878 Total net $2,442,419 $1,814,116 Inc $598,802 Taxes 299,593 299,693 Oper income $2,142,826 $1,544,623 Inc $598,302 TOLEDO OIT IO CENTRAL. May Surplus Against $9 JOS Year Ago; Eleven Month $100,000 Less. The report of the Toledo Ohio Central Railroad Co. for the month of May and eleven months ended May 81, compares aa follows: 1909 May gross. $309,796 Exp 4 tax 228,012 May net $81,784 Other income 721 Total Inc Charges $81,062 39,001 May sur.

$42,061 11 mo, grosa 8,777,889 Exp it tax 2,688,158 1908 $231,236 191,547 $39,689 9,222 $48,911 39,108 8,836.290 2,770,595 1907 $430,283 281,850 $148,935 4 $148,939 36,767 $112,172 4,427,119 8,055,724 11 mos. net $1,089,711 $1,065,6. $1,371,395 Other income 49,918 180,385 7,076 Total inc $1439,630 $1,246,080 $1,878,471 Charges 439,379 445,058 406,029 11 mos. sur. $700,251 $801,022 fDebtt Deficit 1906 $258,051 251,335 $6,716 36 $6,752 88,190 $31,438 8,752,128 2,851,832 $900,298 4,667 $904,963 424,570 $972,442 $460,393 Tobacco Amendment to Tariff Bill.

Washington The Senate Finance Committee has decided to report an'amendment to the tariff bill prohibiting the giving away of coupons with packages of tobacco, retaining the present sixes of paekagea and authorizing additional, intermediate and larger sites. The internal revenue tax will probably ba increased from 6 to 8 cents a pound, but this rate haa not yet been definitely determined. Weekly Railroad Earnings. ings: The following roads have reported weekly cro earn- Ann Arbor: 1909 1908 3d week $3740 $35,086 July 1-June 21. 1,828.129 1,837,190 Inc.

Dec. $2,154 9,001 Denver, Northwestern ft racinc: 8d week $21,331 $15,371 $5,960 Detroit, Toledo Ironton: 3d week $28,181 $27,054 $1,127 July 1-June 21. $1,475,739 $,587,484 $111,745 Twin City Lines: 8d week $140,841 $129,600 Jan. 1-June 21.. $283,097 $253,200 Weekly Imports.

Imports of general merchandise at the port of New York for the week ended June 26, with comparisons, were as follows: June 26, '09 June 19, '09 June 27, '08 Merchandise $13,209,838 $10,284,756 in Chicago. Securities. Chicano Bankers National sold 'Ho and Com mercial National 828, up 10 and 8 respectively. Chicago Railways, aeries one, sold 111, up i. Boxboard strong on dissolution of the Strawboerd injunction.

Calumet Ilecla. Boston The copper contents of the mineral produced by the Calumet Hecla Mining Co. In June. amounted to 7,021,000 pounds, a decrease of 179,000 pounds compared with May. Poughkpiia The Varsity $-oar boat, rare waa woa by Cornel), Syracuse second, Wisconsin third.

APPRAISER'S JUNE REPORT. Veto JJerehandlee (TiJli.POi, Ageintt fSl.hi.Stl Year Age Gain in Gem. The report f1i Appraisot th Port for Jem, 1909, in comparison with th earn month of and 1907, showing th appraised value of merchandise, fol lows: 1909, 1908, $55,662,921 1 1907, J66. 4 Th appraised vrIu' of precious stones and pearls for th month of Jun, 1909, is $3,626,862, a compared with $101,869 in Jun. 1908, and $2,414,867 in June, 1907, On hundred and ninety-one automobiles, of th total appraised vahia of were imported in June, 1909, In comparison with ninety-five car, valued at $263,243, in June, .1808, and eighty-eix car, valued at a June, 1907.

Eight hundred and four cars, valued at 610,487, have been imported at this port sine the first of January, 1809, compared with five hundred and twenty-three cars, valued at $1,264,659 and five hundred and ninety cars, valued at. $1,972,970 in the aame period of 1908 and 1907, respectively. The total appraised vaju for th month of June, 1908, mounted to $56,562,921, the month of June, 1909, thero-fare showing aq increase over one year ago of approximately nineteen million Tb report for th fiscal year ending June 80, 1909, in comparison with 1908 and 1907, showing the appraised value of merchandise, follows: 1909 $798,808,279 1908 719,733,635 1907 862.050,780 The appraised value it precious stones and pearls for -aj fy'--- T-i'i i 1 paavaev wvm DrMI pared with $155766 in 1908, and $41,112,371 in the flecal year ending June 80, 1907. The importations of automobiles during tht last fiscal year aggregate 1,987 ears, with a total appraised value ot $411,295, as compared with 1,415 cars, valued at 226 and 1,435 cars, valued at $5,099,005, during the fiscal years ending June 30, 1908 and 1907, respectively. There were examined at the Post Office during the flacal year 1909, 205,581 packages ordinary mail and 65,222 parcels-post packages.

At the Parcels-Post Bureau In the Appraiser warehouse, Including English, German, French Total op Oper expenses Net op rev Outside op (net). Total net rev Tsxea Oper income Other Income Gross Income Kent, hire of equip, lnt sink fd adds Net income Ora mos i rop of diva on Surplus $8,839,937 2,210,317 $1,129,619 4,332 $US3451 1970.530 2260 $999,391 624,663 $374,723 151,464 Dtf.cit Eleven months: Freight revenue revenue 12.2S7.403 Other transp. rev. 575.094 Other op Total op Tev. Oper expenses Net oper rev.

Outside op, net. 1,002,891 Inc 190,897 Inc. 41,550 Inc. $2,905,874 Ine. 2,083,396 Ine, $831,975 Inc 138,424 Inc 97,777 20,549 9,669 1 $484,563 1 126,921 Tilt la Libximints rontrol.

Wa maha a apaclalt laa aacnritlaa rtchaat ol ui tllrar aolnlaaT aiairlet I Ui. 40 WALL OTRCETa MEW YORK tw yosik raw tnoo.t W.R.Howardto.Jnc. Broadway, New York Stocks, Bonds anl Investments SPECUUSTS IN COPPERS" Write for Copoar Bosk, Tifthe Rir JUNE JULY AUGUST WUMBE; OUT TO-DaV THE TICKEtt BOOK tla1a Cl tlM.1 A Financial Bacerc mnt ty Bclcrcae la On SAVES TIC AVKS WOHWY. E1PKDITES BUaiNESS. -Diiaa uaancrir ai sa a Vaae ay tha fiat vaa li.at amAnA tiMJUiaJWU aa We.

Sa Breaa Sfc, W. T. A any part of 100 Radio Telephone CATUN POWELL CO. 3 Man Street Hew Tertt Telephone 6050 Hanover, $693,631 to choose from. 22,366 Inc.

$716,918 Inc. 649,244 Dec Inc. 178,930 Dec 491; COBALT CENTRAL and Italian parcels, 114,367 packages were examined dur- den and reports from th nanaa-er thl eorapear ing the fiscal year 1909, compared with 77,360 packages in "Prty. ine preceding year, ihe appraised value or. the mall importations is $960,519.

The total appraised value for the Fiscal year ending June 80, 1908, amounted to $719,783,636, the increase for the fiscal year just ended being approximately seventy-eight million dollars. BOSTON MAINE. Surplus for May Increased $3S0 MS, and for Eleven Months $1983,930. Boston The Boston i. Maine Railroad Co.

reports for May and eleven months as follows: May: 1909 Freight revenue $1,976,707 Pass revenue 1,100,673 Other transp rev. 211,446 Other oper 61,109 1908 Changes $1,679,031 Ine. $906,676 1 1 Mew Street, THOt. DOCGHBTtTY New York KSTAUUSHKD CV1B STUCK CANRIKU ON MAMV1 J. THOMAS REINHARDT 28 EROAD ST N.

orriCKs ovKatt.ooK cvmn. cnricaV Tvlephaa Bread )l-. 4.m BRBTTOff WOODSKBW BAMPSUIRB. BRETTON WOODS Pure Air; Pur Watar-iCoel In a forert traerant Ar. THROUGH TRAIN with Obter-; va'lon Car aad Dinar, from Grand Central.

M.Ou St-5J A aL, arrlvlnc Bretton Wood T45 P. M. Cou-uli bw and N. N. H.

H. Cliioe. 171 Broadway, or TourUt Bureau. er 110 Jf Broadway. AllltmPl rHT, Maaasera.

BROAD STREET GOSSIP. The condition of the bond market, which has betoraa filled almost to saturation point with new issues, has been $821478 Inc $307,641 the subject ef increased discussion since the announcement 9,997 Dec 5665 t18 Union Pacific has disposed of its $36,000,000 of 8outh- ern Pacific convertibles, for the effect of the transaction C3Q1.976 is precisely the same a that of a sale of an entirely new 18,997 issue Eventually the bonds will brplaced with Investors wno already nave issues enough ana more than enougn The sale of Union Pacific's holdings of Southern Pa- $283,473 cine convertibles opens up a large subject. Union Pacitis "virtually controls Southern Pacific, and the financing of 14,583 the latter road since the Harriman interetta became domi nant in it has alwayi been done in a way to maintain the $308,056 original proportion of Union Pacific's voting power in tho property. Some years ago Southern Pacific preferred 22,463 stock was sold pro ra-a to stockholders, and Union Pa i i cific subscribed for its allotment. On a subsequent ecca- $223,264 $107,258 Inc $330,623 i on 'when additional preferred was sold Union Pacific $38,079,825 26,673,682 88,418 Total net $10,434,561 Taxea accrued 1,681,947 Oper Income Other income Gr corp Income.

Rentals, hire of eq, int, sink $8,862,614 478,542 $9,341,157 7,17086 Net Incom $2,170,870 11 mos prop divs on atock 1,665,896 Surplus $35,875,961 Inc again took its ahare. The preforred waa given equal vo inir riehts with the common and was matte convertible. $20,756,026 Inc. $269,731 and as Union Pacific has eince retained its preferred it 12,407.702 Dec. 120,299 has suffered no reduction of the proportion of its, voting 594,012 Dec.

18.918 power in Southern Pacific. If it had retained its conver- 594,012 Dec. 18,913 tible bonds until these were finally converted into it would still hold the same relative position to the full $203,863 amount of Southern Pacific stock outstanding. This (aid 26,682,699 Dec 1,009,017 of the bonds, however, means that when the conversion j( ultimately made the Union Pacific's proportion of Inc $1,212,880 Ing power will euffer a considerable shrinkage. Here then 45,874 Inc 43,044 is an important change in Union Pacific's policy.

Whether It is entirely voluntary is a metter on vthlchtthere may $9,238,637 Inc $1,255,921 be difference of opinion. The Boovelt administration 1,578339 Inc. 58,108 brought suit Tor a diwolution.of the merger of the Union Pacific ind Southern Pacifi? roads, and for a $7,664,798 Inc. $1,197313 longtime part there have leeo vague reports that the Har 543,367 Dee. 64,825 riman interests were inclined to forestall the possibility 0f an adverse decision by removing the ground' for eorn- $8,208,165 Ine.

$1,132389 plaint. Eome persons now think that the sale of the con vertible bonds is a movement in that direction. 7,750,432 Doc. 580,146 1 Union Pacific obtained its Southern Pacific $457,733 Ine. $1,713,136 bies at fi.

On this basis it could have se-ured Southern Pacific stock in convention at a nrire romewhat under 1,906,679 Dec. 240,793 At the present market price rf the bonds Southern Pacifla stock could be obtained through conversion at about 133. $1,448,946 Inc. $1,933,933 jt present market price. The sal" of the bonds, is there- jfore equivalent to a suk- tr the 6tock nt Ire prevailing ILLINOIS CENTRAL.

quotation. The interesting nuerv is therefore suggested: If Union Pacific has not atcd tinder some form'bf comnul- Affly Set $lfiHm Against $996,169 Year Age; Eleven sun- 6wi 'th thrn Pacific, stock ao high that it cannot resist the Umptatiertato dis- Monthe $1,07,000 oam. pose of a portion of ita holding, or iU pro-nettive hold. A. ing, tt the prevailing level, and if so, whit is th pros-' The report of the Illinois Central Railroad Co.

for vf un lnmwm jn (he gouthei.n Padflc uividend? the month of May and 11 months ended May 31 compares as follows: Weeks Sales of Stocks and Itonds. 1909 1908 1907 1906 v-l. C. I. L- 1 jnay rivi vcok enrfpd Julv 2 with L-omnurinnna wrc May $996,169 $1,292,916 $999,069 'R bJ; 11 m.

gross.o!!.iiao,B2 aoi.ii.idv o.uio Governments Exp. tas.4032,235 41,948,527 86,831,570 33,181,270 gtofk right, 1909 1908 CHANCES Stocks 840,829 Inc. 1,444,151 $22,838,000 0 1.500 Iiic.ll,753,.r)00 $1,000 Dec. $1,500 $23,473 Dec. $25,173 11 $11,887,268 $14306,169 ,14,154,748.

CTJ1 MARKET NOTIX Chicago Peoria St to. i Zntti Chicago Henry Mcrriman and John P. Ramsay have mininjr stocks 8kow a deciine for the mol)th and jn. been appointed receivers of the Chicago, Peoria St, du8trials are the only issues showing aiiy bubstantial of 20 in Illinois freight rates, the two-cent passenger gains. law and the demoralisation of the coal business combined.

The new Delaware, Luckwcnnu Ve.iivin Coal algck to bring about the receivership. was 100 bid on Thursday, and on Friday It v. an ino bid a witliout any sules occurring, This is par value of $50. EXTORTS Gold Silver Gold and Silver Movement. LAST WEEK $2,992,001) 854,370 Total $3,846,870 IMPORTS Gold $118,723 Silver 79,937 Total $198380 Since January 1, 1909: Silver exports Last week rUEV.

WEEK $1,020,500 806,335 $1,826,835 100,9411 108,362 $209,823 Gold exports $60,450,302 Silver exports 23,512,870 Gold Imports 5,615,035 Silver imports 2,650,419 Gold exports $57,458,802 Last week 3,992,000 I During the phort week the bond market on the curb LAST VEAl', was a smull affair. The Kansas City Southern 5s left $305,343 the market, where they had been for some weeks and hud 380,928 at one time offered the most active market among tfi" 1 bond issues out there. The Great lVesU-rn bondu have $686,21 not aold Western Pacific 5 and St. Paul are among the leaders, but taWng it all in all, the bond fat hug become quite small when compared sitli the 69,468 esrlv weeks of the present year when as many as $23,612,969 Tonuage and Ewmings Per Cur. ChicagoThe American Railway Association in its detailed summary of June performance statistics shows the average tonnage par loaded car was 20.0 and the average earnings of all cars on the line was $1.98.

000,000 of bonds were traded in in a week. I lie $00,079 week shows little over $1,000,000 of bonds changing $60,450,802 22,658,599 854,870 hands. Ss Evening Clothes ar r0An4 perfectly by it, fiult. Coat Ties, tilaves n4 the HUle tliu of the wardrobe are rented with an exactne. Uint cannot fall lu plvaee the mutt exacting DamwII 4lnVaAaara JIV aA ajaait v-.

vv r1abllelte4 ticarly Oowolowa Olllcc Old blalen island Dyeing Establishment OLD Ro, Taup and WUterla ar ntw shades ar now alpf old Crewe. rrr Sir afl aver Ik lair shoe. I..