New-York tribune., 1908-07-26
TOPICS OF THE STREET

FOREIGN TRADING-Forefsn bo,,so.
balance In the local market but their or~1. ia "a
were not neavy. In London the stock mas
was quiet and generally heavy prices bAts ,1a' kes
yersely affected by further weakness g, s -s az
Money was easy at the British capital can ,s 80
leading at q Of / per cent with a fs{r hsnas aonas
reported Discounts were firm Cola - -sss ss
amount Of 100000 will be offered In fbs .ts Us
market tomorrow and it Is likely the sn-f-. IN
VII ee taken by the Continent The Paris ess.a ,an
and Berlin exchange stiIl rule against Io7so lex
TIME EXTENDED.-The bopdboIsa-ss
mittee Of the Cincinnati. INDIANAPOLIS q U.S.n
railway Company and Of the Indiana DAr..s'aa
western Railway Company. William A PsaS
chairman, announces that large number a, 10 -
of the series of bonds Of both companies Es,9a IA
been deposited under the agreement for tbsf- ~
lection. the committee has consented to exta,4 -
time until August "A. within which the -,
shall be deposited with the Bankers Trrs, a-s cs
pany. No Wall street. the deposftarv ns1,s n =
the agreement All bonds so deposited ron.. "a "a
in negotiable form and must bear the co 20
maturing on July 1, 1908 and all subseoTs.s
coupons. N'
DIVIDENDS DECLARED-Dfvfsand.
been declared follows: Chicago. St PAM Ne
neapolis Omaha. 31z per cent on the prass--.,
and 3lz per cent on the common pavabia 49,.
10; North Carolina Railroad Company rszsIs.
semi-annual s7 per cent. payable August :.
Montreal Light. Heat and Power Companv rae,
ular quarterly Il per cent. payable Aurns. ~
United States Bobbin and Shuttle Company QUA a.
terly so cents a share the common a redrc
tion of 81 from the dividend declared three r1onss,
pa per cent on the preferred. payable Septsps.
Der 1.
COPPER RADVANCED.-The Calumet and Ha.,,
Copper Company has advanced its price FOR f,J-
copper 10 1914 cents pound. This applies 10 ali
new business. A dispatch received in Wall strses
from London yesterday stated that supplies of
copper there were small. that the metal imported
for the United States had gone into consumptt0a
and that higher prices were near at hand
NORTH AMERICAN COMPANY.-According =,
present indications the dividend on the stock Of
in the present year. The financial position of tha
company. well that OF It's subsidiaries is in
proving. but the management feels that dividends
should not be resumed until greater progress in al
directions has been made.
IRON AND STEEL IMPROvEMENT.-A Pitts
burg dispatch says the iron and steel trade main
tains the Improvement which started month azo
Orders are coming N steadily. and IN nearly al
cases are for prompt shipment for known REQUIRE.
ments- Cast iron pipe has been particularly
active.
tcle gives the total port receipts of cotton for TIA
week ended July "a. 1903. as 23O47 bales againsr
S,O12 bales in the preceding week making ths
total receipts since September 1SG7 sa33S7 bales
against s,e45ZS bales for the same period Of fss-r
showing decrease since September / 1897 OF s5I.
S61 bales The weather has been favorable with
general and beneficial rains. The crop Is doing
well in most localities
CANADIAN PACIFTC.-The local. Canadian ,,,
London buying of Canadian Pacific stock IS bassf
on the estimated wheat yield in Canada. which
along the lines OF the Canadian Pacific have been
unusually good this summer. and a large volume
of traffic IN farm products IS promised
CINCINNATI. HAMILTON & DAYTON EARN.
INGS.-Receiver H5 rn0n. Of the Cincinnati HauI-
ton & Dayton. reports the May earnings Of the
road to have been 1851 5O7. Deducting a deficit OF
s70.611 there left $3.50 SSS as against expendf-
lures of s767.24S There is therefore fair baIanes
hand
BANK CLEARINGS.-"The Financial Chronicle"
gives the total bank clearings Of the United States
for the week ended July Is tone day estimated at
81 50 651554. against s253 7S9 63I IN the preceding
week and S2554. 412SS3 for the corresponding week
of 1907 Compared with last year the total clear
ings decreased 21 per cent New York shows an
increase of 27 per cent, while Philadelphia shows
decrease OF 21.2 per cent. Baltimore a decrease
Of 1913 per cent. and Boston a decrease Of 81 per
cent
NORTH SIDE BANK OF BROOKLYN-Ths
North Side Bank OF Brooklyn will increase It's cap
ital from $4,000 to $3.50 900 through the declaration
of stock dividend OF 100 per cent. 10 be paid be-
fore October / This increase is in accordancs
with the law in respect to additional capital
for each branch The bank now clears through
the National Park Bank