New-York tribune., 1907-11-09
TOPICS OF TIE STREET


FOREIGN TRADING.-Foreign houses deal, =.
both sides of the local market buying 1000 shars.
on balance. There is no active demand for orr
securities abroad. owing 10 money market conS,
tions but so far foreign liquidation has not re-,
heavy enough to become an important factor -
the foreign exchange market. In London the g -
eral market closed with good tone. being heInaS
by more favorable reports from New York Bsr
lin again was a seller of Canadian Pacific in tL
early British market. but took some OF the stocT
back the curb. Money IN London showed =
somewhat easier tendency. with call funds AZ a.
per cent and bills at 62a- There was continental
buying OF bills against gold Gold TO the amount
of f6O0O0O from South Africa will be available 4,
the open London market on Monday The p-s.
MUM on gold at Lisbon. Portugal. advances
sharply.
FAILURES IN OCTOBER.-Commercial fs,rr...
in the United States in the month of October a.
cOrding to statistics compiled by r. G. Dun & O.
were l1SS in number and S2',H+SO IN amount %
defaulted indebtedness This is very large IN
crease. compared with the SIS failures for s0
653, IA in the corresponding month last year Ne
ufacturing insolvencies numbered $50. with UabiT
ties of So 766.O6S. against 80 in 1896. when ~.
amount $5.S94.552 Trading failures uunberaS
T6. against so last year, with liabilities IS n0
7S9, compared with S,36l.S16 in October, 1906 IN,
third division of failures not properly included +.
the two principal classes. such brokerage com
mission. real estate. insurance etc. supplied a
last month"; with total Indebtedness OF s. Ia ia
against 2S defaults last year involving Sl7g7 ~
1t is still much TOO early TO obtain the liabitia.
of many banks that were forced suspend Ter
pOrariIy the figures thus far reported being n ~
number, but any statement of the amount irvoIs -
would be mere guess There were four simls-
failures last year involving $665.OO0 IL sborI5
also be noted that the Westinghouse Company -
not included with the October failures because -
the peculiar conditions surrounding the tenporsrv
receivership Even with these figures on,ittaS
however, the commercial liabilities last montb
larger than in any month since SeDtaD,h"'
1896 'N'Osf'
BANKS LOSE CASH.-The reported nloveIrsn,,
Of cash held by the banks this week show a los -
S12.S24.30O. These figures do not include move
ments over the counter Banks received from tba
interior S2.566.300 and sent to the interior s15
Y63,5OO. Receipts of new gold were IS O00
Gold imports figuring in this statement were a.
266.5O0, including only the arrivals entered a. tbs
Custom House up to Thursday night The loss ON
Sub-Treasury operations proper was 1891 100 Tbs
large loss TO the Sub-TreasUry partly due To
transfers of internal revenue collections by interior
banks through drafts upon their New York CORE
spondentS in favor of the Assistant Treasurer Of ~
United States at New York. Partly also 70 tra
withdrawal Of some United States deposits for usa
at the West and South in the banks OF those sec.
tons Pension payments fell off 70 $4,000 fror,
sS42.0 in the preceding week There was slight
increase IN customs collections, which S3353-
600 comparing with $3.33S5OO in the preceding
week
DELAWARE & HUDSON.-The Delaware a
Hudson company has decided 10 issue monthly
statements of earnings hereafter, and has made
public its results from operations for September
which make most favorable comparisons with the
same month last year. Gross increased S3zS4sO
and net increased s214257. Including coal depart
ment net the total net EARNINGS were $1,000 s42
an increase of s295.7O4. From January 1 TO SEN
TEMPER 50 gross earnings increased S2,3f5,254 ard
net S1,1S26S9.
GRAIN EXPORTS FOR THE WEEK-"Brad-
streets reports the exports of grain for the week
with comparisons figures in bushels. as follows:
Wheat, flour included. 5.459.59S against 4.7s234s
last week and 4,155,s11 in this week last year;
for the season. I3. 3.127.4OS. compared with 6S S22-
372; corn 712,501 compared with $50 $40 last week
and S7O.924 IN this week year ago: for the sea-
son 1S,072,774 against 15.4SS0S3 in the same tina
last year. Exports Of wheat for the week were
larger than in any preceding week since 1903
DIVIDENDS Observation-Disclosures have been
declared as follows; The Bond and Mortgage Guar
antee Company, regular quarterly dividend Of
per cent, payable November IS: the United
Cigar Manufacturers Company. regular quarterly
dividend OF Ia per cent its preferred stock
payable on December l; the Bessemer & Lake Erls
Railroad Company. regular semi-annuaI dividend
OF per cent its preferred stock, payable on De-
Cenlber .
NEW MEMBER OF COTTON EXCHANGE.
L. Chinn. OF Ball x Whicher. has been elected 10
membership in the New York Cotton Exchange.
IRON STEAMBOAT CONIPANY.-DIrector %
the Iron Steamboat Company have elected A. L
Harrison president. succeeding A c. Washington
deceased. and Fred A. Bishop was elected secre-
tary succeeding Mr. Harrison. Other officers %
the board were reelected