New-York tribune., 1907-09-21
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses hou7s4
1oOoo shares on balance in the local market IN
London the general market showed a firm tons
throughout. but the volume Of business was small
Discount rates were weak with some business ra
ported under ga per cent Gold TO the amount
of E2GOOo0 will be available in the London omen
market Monday, the greater part OF which will =
is expected go to Germany and France. Tbe-a
were no movements Of Importance on the CONT
mental markets.
YAzOO & MISSISSIPPI REPoRT-The rsno-4
of the Yazoo & Mississippi Railroad for the wear
ended June 90 shows increase in gross rereint,
of $s2S 40S and an Increase in net Of sf14A5 Af,s
charges there was a surplus of 81 .2Os which com
Pares with SZS.5lI In the preceding year In the
year 6.s41 tons of new rails laid at a cost %
$12S.442 So. compared with 9.fs2 tons cos4f,.
s2664S 50 in the preceding year The average WEISS
of all rails in main tracks was increased from & -
pounds yard to 6s.d pounds a yard There vre~
laid SLef1 ties. at cost Of S1429s0. as compsra5
with f6.O6 ties, costing s5s. .634 % the precedfns
year The cost of maintenance of way and strurt.
uTes mile Of road operated was 81 792 81 as con-,
pared with $50 06 mile in the preceding Vs.,
The increased cost of maintenance Of eo1Tin-rs:
due to increased outlaws in repafrs grS ~ -
newals of freight cars, which amounted ~ s-ss
500 AZ. as compared with s566.9e9 $ IN 1876 an -
crease Of S191S39 81, also to increase in wages a.
the cost of material and supplies. The cost Of ~
tenance of equipment mile OF railroad (excI,15;.
marine eqUtDmenO was ST. 50. as compares 74+s
SS9t ~ a mile In the preceding year Tba a.
crease IN the cost of conducting trausnor+s+io
or %S33,I2l G2 was due to natural increase - -
ness ana 10 an increase in wages and the cozt =.
material and supplies The increase in ssns--I -
penseS is due to increase in general OfFca So
law expenses and increased cost Of pensions r.
expenses of operation. exclusive OF taxes sr,ort-
10 S|ofS12- and consumed 0s42 per cent 40 -
gross receipts. VII o1 the
DIVIDENDS DECLARED.-Dividersz b.r. -
deciared as follows: Pittsburg Plate Class Co--
Pdny' regular quarterly ia per cent on tL III III
mon stock, payable on October DistiII w COM
curites Corporation. regular quarterly ~ ~ -
psg0Is psg on October 26 Proctor s Gamble Com
payable on October 10 Mechanics Nafio1sI 80
qudr'eriy per cent payable on October I -
80. 10. o@eNeL @ ripe company quarterly z Of i par
cent, payable on October b. Library r1rsa- - -
uiar quarterly per cent on the preferred na~.Ls
on october ! Gorham Manufacturing C-arns---
regular quarterly IL per cent on the prefa-ros
and IL on the common Pftrstrrs p1,ta C,, T,Ieo
common Oi ue
AMALGAMATED COPPER ...f,.. -
that is known to handle business for s+sn4ar5 1sI
interests Is talking a lower dividend for A71sIgs-
mated copper at the next dividend period Tbs
same mouse however, IS buying Ar1aIgan1ated on
All decIu1eS- Halle & SJieglitz and other bo,,sa,
that We're active buyers at the beziunjne- ~ a.
week sold Amalgamated Copper in veSts-7s,-,z
narke'- Inc latest rlmor on the Stock Exchange
on the copper situation is that the deadIocl< IN
the metal has been broken by the sale OF Is 600 e1
pounds at l. cents.
THE COFFEE OUTLOOK-Arriva1s of Frazi,i.r
coffee at primary markets and sea portz hsvs ,t,T-
far been the smallest in nine years -rbera I-Ls
movements will have some effect in lowering Tba
receipt from the state sUrtax on exports OF corss
r6~~F
of export tax, WfIet & Gray report as foIlou-z-
Ever since the sUrtax of three francs a bag vs.
imposed there has been agitation against IL tn Rio
The product OF Rio and NIfuas is exported throrz,
the port Of Rio. The state OF 1finas holds 70 the
three francs extra export duty and has made cal
cUlatOus based il in the budget for the vsa-
In Santos the surtax cannot be removed until 0s
cenber l. 1911, it is pledged against the loan TO
that time.
MOVEMENT OF NfONEY-Accrding 70 N,
known movement 81 money in the week the local
hanks have gained 81 1880 in cash They received
from the interior sS.65550 and sent 70 the interior
s 256.9 91- Receipts OF new gold were s1ss7.So and
on Sub-Treasury operations proper the banks
gained Se.IsS-901 The shipments to the interior
were the heaviest since the first week IN August
while receipts were larger than IN any week since
that ended JULY 2s- Receipts were chiefly from
nearby points Shipments to the South were heavy
NATIONAL. RAILROAD Of MExICO.-spsysr
& Co. announce that a majority OF the holders of
the per cent gold notes Of tha National Railroad
Company OF Mexico, maturing October I. 1907. hsv-
ing accepted the terms for the extension. ss an
nounced by them under date OF September s.
notice Is given that this privilege is now extended
up 10 p m September - Holders who do not
deposit their notes for extension az the Office OF
Spever & Co before that date viii receive par r,-
same on and after October ], 1Sg7-
DIVIDEND REDUCED-Ths directors or IN.
American Sewer Pipe Company have declared
quarterly dividend OF = OF I per cent. payabIe
October 10 This compares with a dividend OF 4.
Of Per cent for the last preceding quarter.
INCREASE IN PENNSYLVANIA RAILROAD
SHAREHOLDERS-The ara now 4SssS ssparats
SffCknOldeTS IN the Pen1Sy ~ ANA Railroad
ps1y This is an increase, as compared with May
last OF 34n2.
ALBANY q SUSQJEHANNA pECTsTOS.-An
A hauy & S'Us1JIshanna interest says
The decision against the DaIavars & Hudson
company in favor OF stockholders in the Albany
Susquehanna Railroad. rendered on Friday by
Judge Holt. in the United States circuit Court.
proves 70 be of the most sweeping character The
item Of something over S.0ta51 % arrears which
Is awarded the holders of X-5(0.6N6 ot stock
is only part OF The case. Besides this the Dea-
& Hudson company now comes under the
obligation To paw dividends Albany & Susque-
hanna stock the rata OF 12t Per cent year. in
stead Of the per cent which IL has been paying
since 1aS and per cent which II paid before thar
time II capitalized az the ordinary rate Of return
upon guaranteed stocks. the value OF the decree 20
the Susquehsnna company would BE- about S-a"
Coo
STOCK EXCHANGE FIRMS MAY RES5JNE-
The assignee of tho Stock Exchange frm OK Waf-
son & Co. whose suspension was announced cn tne
exchange several weeks ago, SAYS that the efra-rs
Of the firm are being straiEhtened oue 40 rap@dIy
as possible, and that tbs indications are Lor sn
early resumption OF business by the firm TnornAs
y CSfobye assignee OF Thayer Bros a CO.. srsecs
that settlement with the firms creditors - SelnE
erected and that creditors aggreg2tins sccuk W
thirds OF the company's liabilities have sITs@aS
signed of.
MISCELLANEOUS SECURITIES.