New-York tribune., 1908-02-06
TOPICS OF THE STREET.

z-d -
noon bought back nearly as much American o.
IN London were steady but inactive d.~l-;-, ,
the curb The generar market was dun ana -
and cousols- which for many days bad been y
principal feature of strength. were weak and -
A good bank sCAIemenI IS expected TODAY u
the banks rate IS not thought likely u n 1rv-
DIVIDENDS DECLARED-The directors ., y
American Tobacco Company have decIa-.c y
regular q1arrerly dividend OF pa per cent and ,
extra dividend Of 21a Der cent On the 80
stock. both payable on March 2. The sare n
1ribution was made AT the last qua-.- vhss y
the corresponding quarter o. last year oniy ths
per cent regular dividend vas paid The d,-,r-2
OF the American Snsltsrs' Securities Company ~
declared the regular quarterly DIVIDENDS Of I. =
cent on the preferred A and - Der cent or =
preferred B stock. both payable on March Tss \
rectors Of the General Asphalt Company havs 8
clared th- regular serui-annuaI dividend q =
cent on the preferred stock. payable On Fsbrx{
g. The directors OF the New York and RchnnI
Gas Company have declared 4 regular =sri-s-z1
dividend OF 1 per cent. payable on Feh-uayyL
NEW vICEPESIDENT BANK OF ccxI
MERCE-James 2. AIexandsr, % the A,sajI
Express Company, who was formerly win t.s y
tfonaI Bank Of Commerce. ot New York rs =
than twenty years, has been elected v1cSuvl
dent Of thar bank
ADMITTED TO QUoTATToN--hs stocx n
change has admitted 10 quotation N ths u-asu'
department. Guaranty Trust Corroarv ce-rAcu'
OF deposit for sseeeOco preferred stock and sA,s1
common stock OF the American S-ssl Fou,sz
Company
PROTECTIVE COMMITTEE FORMED-A =
recrtve committee has been formed 70 -enrssrr
interests OF the notshoIde-s % rhe D---o.r. r,z
& Ironron Railway The committee Is raie .
Joseph Ramsey Ir.. formerly president o. ths N
bash and once president o. Lhs Am A-bor ~
L kleybolte. 4. H Harrison Newman Fro 4
Allen T. West
PROMOTION FOR SURETY OFTcm{
Samuel H Schrfver. formerly secretary ot cas Y
uonal Surety Company. has been elected IS
strong. tr., formerly assistant secretary. hH >,
elected secretary
DECLINED By GENERA, HUBBARp-s
eral Thomas Il Hubbard has declined his appur
ment as receiver OF the Consolidated SreG.<
Company. owing 70 inability % give Chs n.cssG
time 70 the duties OF the post
J. HULL BROWNING a DIRECTORS,
stockholders Of the New York and Richmond 4
Company have elected = Hull Browning itrsc1
70 succeed J. J. Duff, and have reelected tbs =
directors
FAILURES IN JANTA ARy.-Dun Rsvis~ zt
Commercial failures IN the United states G.
the month OF January. ACCORDING 20 the Stz-a
compiled by R. G Dun & Co. .szs N ns-s
and 27.0se .914 in amount OF dstaulJsd indsorers
While this IS decrease OF s, 500 Ge as conrz
with the amount involved n ne Decsr1bsr 1-a1
and is also somewhat smaller rtan Ezoih-ies
October. there appears large increase ess
1855 failures and the Sass 10 liabilities Y ~
6ry, 1907 Comparison with t5e same uon1
year shows manufacturing defaults nur1oe1ns
for So.0o.,5S4 in January. 1s97- There were Lhs
ing failures, against 1.tSs last year, ard La1s-
of S3. 4S4C07 largely exceed the s. 7s9 81 YEA
Other commercial failures. including real ssa's
surance. brokerage, etc. numbered seVen1s-.
with Indebtedness OF S3.34s. ~ aSa--st =
TWO similar bankruptcies last year. WISE
amount involved was S764.045. IL addiiion - -
commercial failures thirty-niue banks arc
fiducta-y institutions suspended with nson..
ssl.5se4 AS although IN some instances tne
have already reopened. viii DO 30 snos-.
the same month last year there were ON, =
banking failures. for SrIs.eo. heavy nsas
mortality in January was inevitable as :. =
month OF 2 new wear discloses The weak -
the situation inability 10 make annual So. - -.
becoming known at that time. n view o. = -
stress IN the closing months OF ls1., y s.
TO fina that the January losses wsre 10 ''-s~
IRON AND STEEL CONDITIoNs.-
Age" says
Production OF coke ard anrnraclfe pis ~ -
only Lo45.525 tons N JanUa-y. as co'HlA S.<c
1-2s4.c1s tons m December. ls-s.l-S Lots - = -
Der and 25Ss 9T2 tons IN October Inc ~.
restriction took place during thar pslloS,s - 4
steel furnaces. which feil on rom Ls.A ~ -
October 10 soeOso tons IN December sne - - -
In January. The merchant furnaces cn- -, =
production NOR. gradually. dropping -
tons In October 70 7440oo tcns u - rx-sx
675.ooe tons In December and 4o.o" tons = s-u
While the Eastern markets are iai-o -
furnaces IN ths Central West Ar- ~.s-su
prfces and show weakness Some rev .s-ess1
coming up in structural material, nul .v,ew
making low prices on Work II H
fort 20 keep their shops Soing-
The Iron Trade Review says - =
Concerning iron ore. the sentiment - ~
was very strongly in favor OF ram, e4s+ -
the prices of 1907. but all agreed -. ,.zaa
portant subject should be decided II - :. ~
IN past wears. A meeting VIII r1slS.1 r1sl,~s NJ -
Cleveland on Friday. Il vii DC A-tsD s-s-escs
senratives Of the Lake Superior oro -. -
President Corey and other members u s1-ssre
committees pig iron and iron ote. s.xssas6
past wears furnace interests rave o~.xbA
have the prices OF ore nxed as ioS aSp'lsr< a
wear owing 90 unusual condftieas P-,,x -
Is undoubtedly a strong sentiment 900
favor OF resftrrntng the old prices - fres
were made at a time when Besseihu' ~
s. a ton higher than al present OI- 80 q
furnace statistics disclose a comm srr -
policy OF curtallm>nt. the pr'odllction -. n -
being -04s s74 tons. against l.-S4iSo
Der and 1.szosos tons In NovsEa