New-York tribune., 1908-11-01
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses were not
active IN the local market. dealing only a few
thousand shares. representing. a rule evening
operation In London consoIs were unchanged and
the general market was steady and dull Money at
the British capital showed no important change and
foreign discounts generally remained at Fridays
level If the inquiry for gold IN London for Paris
account continues II Is thought likely the Bank OF
England wifi advance its discount 70
TOLEDO, ST LOUIS & wESTEhN.-The report
Of the Toledo, St Louis & Western Railroad Com
pany for the year ended June 80. 1905 shows gross
earnings OF s3.S1s.467. operating expenses Of 81
514252 and net earnings Of 81. IA After taxes
and charges there was balance OF s4I7.7s4 and
after the dividend the preferred stock a surplus
OF $19,68O- Gross earnings decreased So per cent
operating expenses decreased SIS per cent and net
earnings decreased $50 per cent The percentages
of operating EXPENSES and taxes TO earnings usS
71-o7. against 1922 in the preceding year.
BANK CLEARINGS-"The Financial Chronicle
gives the total bank cearfngs OF the United States
for the week ended October s. Zone day estfrate(O
s2.56T sos SIC. against 81 sss n the pre-
ceding week and 81 s26 $40 2sO for M. corras1o1s
ing week Of 1907 Compared with last year the
weeks total clearings decreased - per cent New
York shows decrease Of 5 5 per cent Boston z1s
per cent Philadelphia 2s.s per cent and New Or
leans Isl per cent ST. Louis shows Increase
Of II per cent
MOVEMENT OF COTToN-The Financial
Chronicle gives the total port receipts for the
week ended October So 1908 as 440ssO bales against
1881 bales IN the preceding week making ths
total receipts since September l. 1908 255 IA bales
against 1,s01.S5 bales for the period OF 1851.
showing increase since September I 1903 OF
6s3,6o9 bales Rain has fallen during the week IN
localities
crate OF light, except IN a few Atlantic sections
BAR SILVER UP.-Ths price OF bar silver in the
London and local market advanced yesterday.
bringing the quotation in this market "A of cent
above the lowest figure Of the last FIVE years. Bar
silver was quoted on Friday 50 cents an ounce
the first time the metal had reached hat low fig
ure since April 1s 1903 The low price that year
was 47 cents The highest price for the metal in
the last few weeks was made on September II.
62t4 cents.
NOTES MATURING IN THE NEAR FUTURE
upward Of S34 100000 short term notes and several
debenture issues The charges these outstand-
Ing obligations amount TO SLIzI'+1 averas1ng 81
per a time when first class bonds are selling
yield SIS TO $50 per cent
INVESTORS CIRCULAR.-An investors cir
cular has just been issued for distribution by Fred
which Is given a brief description OF a Iew indus
trial companies the securities Of which dealt
in on the outside market Present value. Eate Of
interest, ETC.. are cOncisely shown
NEW HAVEN CONVERTIBLE 6S-Libbey q
Struthers, Of this city. who have made specially
of the New York. New Haven & Hartford con
vsrtible per cent bonds OF 1s4s have just issued
interesting circular on the market position OF
the bonds in question, making comparison be-
tween them and other railroad bonds listed on the
New York Stock Exchange A copy Of this cir
cular may be had upon request The bonds a<s
selling al 1S4. against l6 when nrsr quore2
ROGERS'S ROAD TO INCREASE CAPITA&s-@
A meeting Of the stockholders OF the Virginian
Railway Company. controlled by H H Rogers.
who was recently elected it's president. has been
called for November s. 10 authorize increase
in the capital stock from S2500O00 10 26.000O0O.
SOUTHERN RAILWAY--For the month OF Sep
ternber the Southern Railway shows decrease IN
gross earnings Of SE2S.6s0 and an increase IN ree
of S21952O. From July I gross earnings have de-
creased 81 SO. .760 and earnings including taxes
have increased S01. .692-
DIVIDEND DECLARED.-The directors OF tho
Cleveland & Pittsburg Railroad havs declared tho
regular 10 per cent dividend the original guar
anteed stock and I per the special s71aran-
LATra
AMERICAN COTTON OIIA-It IS reported thak
the directors OF the American Cotton OH COMPANY
are considering the question OF making the com
mon dividend semi-annuai instead OF yearly II -
understood that the dividend to be declared next
week will be IN the neighborhood OF per cent