New-York tribune., 1907-11-07
TOPICS OF THE STREET

IL.
FOREIGN TRADING.-Foreign housss -,
1900 shares in the local market mostly nurcs rt u
There were a few sales of Steel cOnro1 ases
rally and some liquidation in Canadian p.es D. Us
There was no disposition to trade on the Iesac
curb. but foreign houses reported much 1Snaos Ses
feeling British 'consols were up and the vr .s.'er
market in London was strong. The most fnn1o-.s'a
influence in the British market was the as-5s.sat
given by the Bank OF France in sending To To9as
s15OOOOOO gold Paris bought three nonths 'Iaoa Ha
in London down to per cent against this sSss as
ment. SUP
FACTORS WORTH REMEMBERING F,
Robinson in their monthly bulletin say: EN-
nection with the financial situation which ra eon-
developed IL is well 10 remember: That a y stsa1yy
Improvement in money conditions and general oy ~
fdence is In progress; that millions OF yotS =
being shipped from abroad to the United s. So .
and the national government would have contin~ss
TO use Its enormous resources TO aid the New w.
banks had IL been necessary (the gOvernn,s-.I oI2
still cooperating in a broader way by uro,,ss,s -
facilities for increase in circulation: thst
financial institutions Of New York City and s. US
cially the Clearing House, have met the euerva
in manner not only inspiring confidence hTt t
dlcating their great resources and their ability !.
meet severe financial strain by concerted act,o.
that the banks throughout the country which s4s
rely largely the Eastern money centres a. "a
better condition to maintain themselves than az -
before: that our trade balances ara stfU tha ose'
of nations-expOrts for the month OF Septsr1sg
reaching S135.353 715 and imports S106 3S1 So ts
from agricultural sources alone the countrv "a
increased it's wealth between IS 100000 and n
100000 during the last year: that the railroads -
In excellent physical condition and continue In sbo
large earnings that our manufacturers ara in -
main on a sOunder basis than ever before IN th-s
history. and the normal trade recession may nor ~
greatly increased by recent occurrences; ~.
there is not the slightest impairment Of the iulrs
tive spirit the courage of the business rns7 "a
the United States that should insist on -
soundest currency system that trained minds ca-
devise on a revision of the tariff through the "a
of a commission of experts and on a careful ~
vestigation Of the effects likely 70 ensue from, =
continuance Of the present large output OF gold"
DIVIDENDS Observation-Disclosures have b...
declared as follows: Washington Railway aas
Electric Company regular semi-annual pa per ss1.
on the preferred. payable December l: Staudsri
Sanitary Manufacturing Company regular cusr
terly per cent on the common and ia per cent =,
the preferred; American Telegraph and Cable Com
pany regular quarterly Ia per cent. payable Da
cember 2; Quaker Oats regular quarterly IL, ps,
cent and Il of 1 per cent extra on the common
payable January 10. and the regular quarterly NJ
per cent the preferred. payable November a.
Connecticut Railway and Light Company 81 =
share on the cumulative preferred 81 on the asss,.
ing common and Is cents on the nOn-assentng CON-
mon, payable November Is; Niles-Bement- Pond
Company regular quarterly Ia per on the pre-
ferred payable November Is; American Ra1is,0-
regular quarterly 1A per cent on the Preferred and
per cent on the common, the preferred payabs
November Is and the common December 81 Amer
lean Tobacco 215 per cent and extra 2a per can.
on the common. payable December ?; American
Smelters Securities Company regular quarterly Il.
per cent on the preferred B and Ia per cent On
the preferred A. payable December 2
NEW YORK CENTRAL'S EARNNGS.-Earu-
ings Of the New York Central for the quarter e-d-
ed September 80 make favorable comparison with
the corresponding period in the preceding year
presenting a surplus available for dividends of
5,143.376, increase Of s1.596,0s4. For the nns
months ended September 80 the surplus after divi-
dends made a poor exhibit. amounting to only
S3 SO3 compared with So 3S3 IN the year before
HEAVY RAILROAD EARNINGS.-Railroads -
porting earnings for the last week In October show
handsome gains in the greater number Of cases
as compared with the corresponding period las:
year. Nine roads reporting yesterday gave gains
amounting TO a total of $452.54S and two roads
losses OF $40. .06O. The Southern Railway made t,s
best showing. its gain amounting 10 S173,475-
CLOSING BRANCH OFFICES.-One important
influence upon the volume OF business is the clos
ing down OF branch offices One active house has
already shut down a number OF branches and Other
houses are making similar arrangements. ar less,
OF a temporary character
AMERICAN LOCOMOTIVE COMPANY DI.
RECTORS ORGANIZE--The directors Of tns
American Locomotive Company organized yes;sr.
day for the year by re-electing the retiring officers
except Leigh Best. who was succeeded as secrs-
tary by S. T. Galloway Mr. Best found his duties
vice-presdent and secretary too arduous, and a.
q consequence he retired from the latter of1ce
APPLICATION TO LIST-The Southern Raj.
way Company has applied TO the New York StccS
Exchange TO list $4,000 additional Memphis a.
vision first mortgage per cent bonds, due in ~
and 81 900 additional first consolidated mortsac
per cent bonds. due In 1884.