New-York tribune., 1908-11-13
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TOPICS OF THE STREET.

FOREIGN TRADINC5--Foreign houses dealt IN
10000 shares in the local market. selling bal
ance. sales being well distributed In London
the general market with the exception OF Amer
lean issues. was firm and moderately active
American shares were weak on the exchanges. but
improved the curb Call money at the British
capital was quiet az per cent Discounts wsrs
steady The Bank Of England made change n
its minimum rate Of discount and showed strong
position in its weekly return
COLORADO & SOUTHERN COMMON DIVI-
DEND-The directors OF the Colorado & Southern
Railway have declared dividend Of per csn-
on the common stock OF the company. payaols
December Is This is the first payment ever
made the common stock. and IL IS declared
out of the surplus earnings Of the company
which have been running in advance OF Per es@s
on the common after the dividends on the hrS
and second preferred The company showed a
dividend on first preferred $4,000. dividend or
second preferred SS40. 900. total dividends sSSn-
600: balance s1,4sl sos increase IN surplus f0r
three months ended September 30. 1908 as com
pared with same period in 1907. s1s7.SSs: surplus
from organization Of companies TO June 50 1905
s1O.567.515; less distributed 70 stockholders So
$4,000; remainder invested in physical OF other
assets. s. .s22516
PHILIPPINE LoAN-It = stated rhar prspara-
tons are being made in London for the hotarion u
a Philippine railroad loan IL is probable that
definite announcement viii be made within a fsx
davs both In that city and IN New York Ac-
cordtng TO a cable dispatch from London. the
will % for e1o0e,00O and viii have the guarantee q
the government and viii bear per cent interest
CHESAPEAKE & OHIO.-At the meeting q ths
GERS were reelected II was announced thai
though the question OF financing had not been BE-
fore me board nor any action taken IN regard -
purchases o. new construction work. the road had
resumed work which was IN hand last rau and
which was suspended after the panic The rey1s-
annual dividend OF per cent was declared payane
December %
STEEL RAIL ORDERS Steel rail orders 80 ssr
tnis week aggregate total Of nearly one huntrsa
Thousand tons. Two large Western roads have prss
teaIy placed contracts for rails for delivery next
year Kan orders coming IN indicate that many
idie mills VIII resume operations, and thousands q
Idle men be given employment All sales ars be-
ing made 4 basis II SIS ton
BANKS RETIRING CIRCULATION-Ths IA
tlonal banks thar took certificates OF Indebted
ness due November % are retiring cfrcuIstsss
based on them. rather than putting up other bonts
and retaining their circulation So sar this week
over 100000 bas been retired The total held y
hfty-seven banks that received them Is less tnaa
N+Ga00
COPPER PRICES-A decline in TIRE pEfcs q
copper in London. jus probably to sPeculstfv9 =
alizins- had no effect upon the Local r1A<kss =
the metal II vas reported. however. IN eops-
circles that the demand here somewhat
urgent indicating that the inmediats needs .
consumers had been fairly well provided for
DIVIDEND INCREASED-The directors Of =
semi-annual dividend OF per cent. psyaols
December Is This Is increase OF Per ce1t
year. putting the stock on Per cent eass-
NEW AMERICAN MALT DIRECTOR--Thonss..
r Hidden has been elected a director Or
American Malt Corporation. 70 succeed John :
Jenkins. IT. Mr.. Hidden also succeeds MI -
kias on the board OF the American Mating N'
pany.
ELECTED TO STOCK EXCHANGE. jess
Julian Dick. OF E. r. Dick, Of DICK -
& Co.. and AmOry Leland. tr. have eeen s''
10 membership IN the Stock Exchange
OFFICE REMOvAL.-Blodget. Merritt yss
Cortlandt Building. Nc. 50 Pine street, On W.
Der Is