New-York tribune., 1908-10-04
TOPICS OF THE STREET.

FOREIGN TRADING. Foreign houSA.
not active factors fn the local market tra,s,.
tiOnS representing rule weekend svs-s-
0DeratfOnS In London CousoIs were hszv,r -
the general market was inactive ar uninluo-,-.
pr1ce changes. Money was easy Al ths British -
IraI The Bank % England has begun 70 satD -,
10 Egypt
MOVEMENT OF GRAIN-In the .or,- IT,
business days three Northwestern points $50,
5.95s ears Of grain. compared with 5.f25 cars -
wear and 3.1f4 ears the year before The ar-s !.
these four days reported 2.044 cars. and Wss-.
days arrivals were 1.152 cars IN the infs-,.
there has been decline. indicating the z11bsfI.
of the rush Of grain 70 market. although fha -
is still heavily toward the primary centres (.
cause Of the fear Of early winter. TIE total -,
terror receipts Of wheat was 1.113.519 bushsls =
FIVE days ended Friday. making I0.T35 600 br,.S
for hve days or an average OF -.D31 900 b1Ishai-
day. Last week the CORES ~DOaGlug avera1a =.
2.t47000 bushels There has uea7whIle bss- :
decline Of 10000 bushels. or aoproxiuaatsTv r.,
cars "A day from ths preceding week Erpc-,
have kept up 10 about the level q 49, -
with 6.I74.0U0 bushels. making 52.If2 000 br.sH
since July /. compared with As 100000 bnss.
last year. gain OF between and 10 per g.
These exports include -four and wheat for =,
United states and Canada.
CHICAGO 65 NORTHW ESTERN In 1s0s =.
Chicago & Northwestern suffered loss i'm -.
earnings of S5-t40-O21- reduced expenses only
71.430. and yet managed to earn a surpl,s- a
pIicable TO dividends which is equal 10 II . ~
cent on the entire s122.00q0 600 OF outstsusi-,
r7zr
earned 1873 per cent Under the conditions z,-
erning Northwestern stock the preferred il -
titled To 10 per cent before more per ~
is paid the common Deducting this arlos-
from the surplus earned would leave si1sss6e
or sufficient 10 pay 10 per ON TIE SfaI sszaa
OF common stock. with baia1c- OF 81 -ss 8sa
be shared equally afrerWard hy the Two iySrs
II is evident. therefore. tnat the stability Il t
NOrthwestern's per cent dividend OF ths p-a
ferred and per cent ON the common lsSs-r
been menaceG by the eTtraorlIuar- period Of s7
railroad earnings
LARGE COTTON EXPORTS For the va
ended October . 55S.IsI bales OF cotton weFa AZ
ported This was within 1A.H1a bales Of
total amount brought into sight during re an
week. and it exceeded by 2e.sHg bales the vsss
entire port receipts A. current p~icsS n
pound or SO bale. the value o. TIE We.
cotton exports was S1S.l lf-.tt5 Thus far 4
season since September {. 6ei -5r" bales nave ~
exported. against 4I2.&C7 bales a raar ago Z.
Continent Of Europe. other than France tons
per cent OF this years exports
STEEPLECIIASE FAFE pTvIDENg 2.
Sseeplechase Park Compauy has .i.riar-d e.
deud of per cent its capita zs tI.u pf Ssgeas
II is stated that - sutst1uriai surplus. gts- n
payment Of the dividend. sat aside Uas
the structures at the amusement resort 1a7si
the company to replace those destroyed b. q
last YEAR. was begun last Jauuarg.
ERIES ; EARNINGS.-In August tse Erie ssus.
81 51.s90 gross. Whica is S132 coo than ia lr
gust q year ago. while its net was Si2!46ss
only S224.g0o less th.tu last wears. For t1e-rz
months to date the road has ---gai S.seI1s
net In other words f. has passed through 1'
poor business months with earnings more tAsn.s1
fcient for fixed charges THESE eaU for atOui 8.
100000 a month.
BANK CLEARtNGS.- THE Financial Cbrohes
gives the total bank c-ariuEe 90 the United St-s
for the week ended 'hrHher. 5isy eStimsJs5
81 262S. 01S.53J. against 81 5-G t5120S in the r.
cedfng week and Sc p29 lS6 POS r-~ tho corrsspons
week OF 1901 Compared with last Year. the Wses'
clearings decreased i3-2 per cent New York s1eH
a decrease Of It-5 per cent New Or5ans 80 psr cs
Philadelphia PSI per cent and GaItjm0re "a p
cent
AMERICAN CAR AND FOJ-NDRY.-Net ar
ings Of the American Car and Foundry COmur
for the quarter ended July 81 were S6s+eiL As
dividends there was a surplus Of S-14L