New-York tribune., 1908-11-07
TOPICS OF The STREET.

FOREIGN TRADINCf-Foreign houses dealt IN
5000 shares IN the local market all purchases. In
London the general market strong. with pro-
nounced advances in the copper issues. Rio Tinto
was materially helped by the advance in the issus
in the Paris market. where the stock was bought
as a consequence OF the settlement OF J1e miners
strike. The adjustment Of the dispute between
Germany and France also helped prices the
foreign bOUrses- Money rates abroad were IN
changed
BANKS LOSE CASH-The reported movements
In currency this week indicate loss IN cash held
by the banks OF S2046.a0. Of which the greater
part Is 10 the interior The banks received from
the interior g s350O and sent TO the interior $50
100. including $4,000 in gold coin to Canada, GlO-
600 transferred through the Sub-Treasury 70 New
Orleans. and S.311 600 national bank notes sent
Washington for redemption The loss 70 ths
interior was S2.G7T1p0- Receipts OF new gold were
g 0S6. DO OF which 1855 30 was on New York Assay
Office checks S626sO0 on San Francisco Mint checks
and S5O41gO on Seattle Assay Office checks. Orrit-
nary disbursements by the SUO-TreaSuTy were ~
216,Oo. Payments by banks 70 the Suo-Treasury
for customs internal revenue . per cent redenp-
ton fund, etc. were S24 2S26f0- The loss en- Sub
Treasury operations proper was 2tSo-5e Receipts
from the interior the smallest OF any week
this year. Preparations for the resumption ot
business after the election appear 70 have restrained
interior banks from sending currency 10 New York
except IN cases where 1t was absolutely necessary
to meet obligations Shipments TO the interior
were about 100000 more than in the preceding
week The important feature Of shipments
was the transfer TO Nee Orleans through the SUB
Treasury of $1,000. Direct shipments 70 ths
South were also larger than IN recent weeks. al
though there were some good receIpLS from N-Lo
South. Nearly 100000 was sent to Boston
GRAIN EXPORTS FOR THE WEBK-Brad-
streets reports the exports OF grain for the week.
with comparisons figures in bushels; Wheat Hour
included 4940Z74 against 5.463,T+4 last week and
5549593 IN the same week last year; for the sea
son. 8754756 cOntrasted with 37ZT.40 IN the saIs
time a year ago. Corn, Sl2.e5+- compared WIN
19S514 last week and Il25"l IN Ine same "eTA oN
1851: for the fiscal year, &Ol92l against lS1i-ti-
OCTOBER BANK CLEARINGS--Bank clear
ings in October. according to "Bradstreets. az
. q d y-rf
Increase Of SO per cent over September notvtta-
standing a less OF IS per cent IN stock Market
transactions at the metropolis Moreover. Octo-
total represents an increase OF so per cehc
over that recorded IN January last. wnen annual
dividends and interest payments Temporarily eE-
panded the returns. and most note"ollH o. dr.
1t shows q gain Of 2SS per cent over the ngureS
registered in December last This total OF $l2ol2-
94O.204 for October reflects soss or II9 per cent
from October. 1907
AMERICAN TOBACCO-With the payment on
December 1 Of the 10 per cent dividends recently
declared. the American Tobacco Company VIII have
returned in the shape Of dividends TO the holders
OF its S40242.4O0 outstanding common stock exact
" the par value of the stock This payment 0f
100 per in dividends has been accomplished n
a trihe more than four years, the present Ar1er-
can Tobacco Company having been organized II
October. 1904
declared as follows: American Telegraph and Caos
Conlpany. regular quarterly Is per cent, payable
December /; American GraPhophone. regular quar-
terly ia cent on the preferred, paEaole No
verlber Is: Pittsburg Brewing Company reSCl1r
quarterly IL per cent on the common and "a Per
cent quarterly the preferred
PENNSYLVANIA--The Pennsylvania Railroad
has placed orders for II all steel passengers cars
in addition the orders for the 200 cars placed
some time since. The Pressed Steel Car COMPANY
will build 81 Of the now cars. the American Car and
Foundry Company - cars. and the Standard Steel
Car Company Il cas- OF the 20 cars previously
ordered 10 have been received and placed N Servcs
on regular through trains.
NEW COTTON EXCHANGE MEMBERS--Ths
following have been elected members of the New
York Cotton Exchange. Maurice f \ w La
Maitre OF Havre and Rudolph Weld. OF No s.
Beaver street. New y OrN
DECLINE N REFINED SUGAR-The Arnert-
can Sugar Refining Company and Howell have re-
duced prices OF refined sugar twenty points This
is in line with a reduction of ten points ~ -
other refiners Thursday