New-York tribune., 1908-03-07
TOPICS OF THE STREET.

r.oprrr-H -PADING Transactions Tor tor.i<,
account in this market aggregated less than sos
SHARES with sales slightly IN excess o. purchases
American stocks in London were inactive and prsc-
+fcsiIv without price change. but showed strength
IN the curb trading The genera nlalaee Na' o"h
and without feature Consols declined a
DIVIDENDS DECI.ARED-Tra directors of ths
Nineteenth Ward Bank have declared q quarterly
dividend OF 21s per cent payable on harch 81 IRE
directors OF The Van Norden Trust Company navs
declared A quarterly dividend of per cent pay
able On March 81 The directors OF tle Fca4l~ay
Steel Spring COMPANY have declared me reguar
seTnj-annuaI dividend Of Per cent OF 'hs common
stock. payable On April -
MOVEMENTS OF 1fONEy--Tts reported move
ruenIs o. currency this week i7dl"ate a gan "a
cash held by the banks OF s55o2.ce- nearly al o.
which came from the interior The banks received
from the interior &C. 800, and sent 70 the ntsor
38s3 500, including s2o55o0o national bank nots'
sent Washington for redemption Ihe s4i1 Iron
the interior was S5-+13200-
ELECTED TO COTTON ExCHANCIE.-Artbur
p Ganong. Of Memphis; L. T Layton. o. Phiia-
dephia- and A Percy Eccles Of Liverpool Engl9nd
have been elected to membership IN the New HoTs
Cotton Exchange.
SUGAR PRICES AGAIN ADvANCED.-Tls
American Sugar Refining Company and the Na-
list prices for renned sugars ten points 70 soc
pound. less per cent for cash for fine granuisted
ArbuckIa Brothers have advanced their prices f'r
fine granuldted ten points 20 a 80. less Per cent
for cash The advance is the fourth within the lsst
few weeks
BANKS NEW DIRECTORS T Morgan. rTesi-
has been elected director OF the Mechanics Va
tiouaI Bank. 10 I'll the vacancy Caused by the
death Of John Sinclair
INTERBORoUGH MEETING DATE CHANGED
The special meeting OF stockholders o< the r.
tarborough Rapid Transit Company. To take action
the proposed new bond issue. viii bs held IN
March : instead Of on March Il. as formerly an
noUEced.
COTTON EXCHANGE SEAT sOI.D.-The men,
be-ship of William G. Nesrnftn in th4 New York
Cotton Exchange has been sold to George ". BatfF
for S7,300. the lowest price Tor several years Ths
last preceding sale was at $1,000.
CONDITION OF TRADE-"p11n-~ Fevi7T'
says Favorable symptoms are more numerous N
the commercial outlook especially in respect
the growth OF confidence Jobbers note more press
ure n Tsplenish depleted stocks OF staple uer-
Chandjss. orders ia many cases being for delivery
mediate needs is very good sisn- The advancing
season has also contributed to better feeling by
aCceieratng the distribution OF spring goods ard
stimulating interest IN building operations. lCids-
rising to the best weekly averags IN three months
Some strikes were threatened because OF necessary
reductions in wages. but little interruption Oc-
CURED Credits are stu closely scanned. ard mer-
camille collections are by means satisfactory.
Yet payments are more prompt and the volume @,
business ia distinctly heavier Liabilities OF con
merciaI failures in February smaller than N
the two months preceding, end banking dsfauits
were insignificant compared with the monthly
declined 15-T per cent I'm comparison win
thoss OF Febr1tarv 1qa- the RETURNS for TIRE s,lr1
Foreign commerce continues 10 supply Thenor'-
eral balance in favor OF this country This port
alone for the latest weesl exports Increasing
<s.l99-26e. while imports decreased SS.eHS.i5t 81
compared with the same week last wear. Bank sE-
changes ct New York for ths week were a. p9f
cent less than YEAR ago. largely because Of ne
decrease In sales Of securities Wills other lead
tnG, cities The decrease averaged Is ) Per cent
Era3StTeers DISTRIBUTES trade shows
growth from week TO week the spring SEASON.
approaches and the tone Of trade as a Whole -
more Opttmistc. hut despite The largs uCraber ~
buyers t1 evidence AT leading markets J1s char
aCter OF the business done does not vary from tha'
hitherto described Consecutive buytrC. lars9f
~ staples. IS the rule. and the uncertainty sS y
prices in many lines acts as a check 70 fullest
activity This s especially rifez- some lines
for instance. cotton goods. where prices FfV7
been Of late SHARPLY reduced vithOur. however
evOktns the interest expected In few r Cases
are comparisons with a year ago satisfactory. gnu
s number of measures Of Ilonthly trade ard ~
dustrial movement point to shrirksSes Cf ; pe'
cent more Collections ara stiI widely ccn'-
planned of. and IN this direction reports are -
better than are the adviCes a. 70 volume of huS'-
ness doing. TEe reports received from the i=a1'ns
industries Stiu conflicting The and sfes'
Industry unquestionabIy has better tone.