New-York tribune., 1908-08-16
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses sold 49,
900 shares in the local market. In London consols
were weak and the general market quiet with
no recovery after session of lower prices. The
continued depression in consols exerted an ad-
verse influence the entire list of gilt-edged is
Money was easy at the British capital with
no indication of advance in the near future.
Continental discounts were unchanged.
DIVIDENDS Observation-Disclosures have been
declared as follows Boston & Maine regular semi
annual per cent the preferred, payable Sep
tember /; Bristol & Plainville TTamway Com
pany. of Connecticut, 80 per cent stock dividend
from an increase in the capital stock of $125 900;
Northern Texas Electric Company regular semi
annual per cent the preferred payable Sep
tember l; ]. A. Fay Eagan Company regular
quarterly 1& per cent the common and pre-
ferred. payable August 20; Buffalo & Susquehanna
Railroad regular quarterly l per cent the pre-
ferred. payable September / Grand Rapids Rail-
way Company regular quarterly per cent the
common payable September /.
RYAN ROAD BOND ISSUE.-It is reported that
Blair & Co viii purchase $40, 600 bonds of the
Carolina, Clinchfeld & Ohio Railway Company
which is being constructed in the South. The
route is through the West Virginia coal fields, and
the new line will form connections with the Sea-
board Air Line. the Atlantic Coast Line and the
Southern Railway at Marion. n c. and Spartan
burg Blair & Co, Norman B. Ream and Thomas
F. Ryan largely interested in the project.
UNITED STATES STEEL CORPORATION
GETS BIG ORDER-The United States Steel Cor
poration has just received the largest single order
for steel pipe placed IN Pttsburg. The order
placed by the Standard Oil Company. The
plants of of the largest manufacturers Of farm
ing implements in this district, which were to
have shut down this month. have recently booked
orders to keep them running to their full capacity.
COTTON MOVEMENT.-''The Financial Chron-
icle' gives the total port receipts OF cotton for
the week ended August II. 1905 24o3s bales.
against 21.876 bales in the preceding week. making
the total receipts since September l. 1907 s266
bales. against 9ss9.351 bales for the period In
1so6-'07 showing decrease since September l.
1907 of 1433.310 bales The weather has been
generally favorable during the week. with rain at
most places except Texas. Picking is under way
in earlier sections
BANK CLEARINGS IN UNITED STATES
THE Financial Chronicle reports total bank
clearings OF all clearing houses In the United
States for the week ended August Is Zone day
estimaed). s2526 Se5.s7s against 81 B3S 1872 4s4
the preceding week, and 81 S06 61 934 in the same
week of last year. The decrease from last wear Is
10 per cent The only large city reporting an in
crease is st. Louis, and that is only 6 per cent
The greatest decrease was at Philadeiphia-31 per
cent The decrease at New York was 7.8 per cent
LONDON UNDERGROUND of the 3
per cent notes OF the Underground Electric Rask
ways of London have received notice that the
scheme of readtustment of the company's finances
has become binding and that the company is now
prepared 10 pay the coupons due July /, repre-
senting seven months interest on tho new ~ per
cent bonds,