New-York tribune., 1908-12-25
TOPICS OF THE STREET.

EOREJCN TRADING.-ForelSn houses u0@'e
less than 10 900 shares in the local market, uS
sales In London the general market was lnac ~
and steady in most departments honey ~
fairly easy, in spite OF the holiday enu 5 eil1 % -
1rasr demand and the Bank Of England Tr1aoe ~
change in its minimum rate OF discount is "e7
" return. expected showed Ihatoi - a.
raserve and bullion a consequence OF .ne u1
rnends I'm connection with the January olsouse
nents The percentage OF reserve 10 HaDiICS zap ~ an
cIined : % to SO 30 which compares with 1888
year
RANKS LOSE CAsH.-The reported movements ms
of currency this week indicate a loss IN casl HN
nv the banks Of s4.093.00o The gam iron ,u7 -.
+erior reduced the loss the Sub-Treasury 20 tna'
amount Ranks received from the interior So
500 and sent to the interior S5OS1' 'Sog, lfcuois ~
81 o2e 600 national bank notes sent TO Washil'sto
for redemption. The gain from the interior s "aS
s2e24o0o Receipts Of new gold were g, sI,Up'I9S o.
- D,bich $685. 200 was on New York Assay VI
"a checks s. 100 on San Francisco mint checIts ch
ard $4,000 on Seattle Assay ONCE checks CIoLI @
exports were ss9e, 900 in bars to Paris oralna[S
disbursements by the Sub-Treasury were 80. -. -,
7na PAYMENTS by banks to the Suo-Treasury ,oL
customs internal revenue per cent .oo an5 GOO
fund Panama Canal bonds, etc, WeFe S|o''O'Do
The loss on Sub-Treasury operations proper wa
& 925 800 The gain from the interior as ii III
preceding week, represented chiefly renittances oS
or+of town hanks in payment for the new panama
Canal bonds purchased from the New tork SEhui-
os+es 70 vborn the bonds were awarded. The larg-
esr amounts came from nearby and Eastern clIS7
but there were some very good receipts from the
West and south
DTv1DENDs DECIARED-Dividends have been
declared as follows: Columbus and Hooking CoaI
and Iron Company regular quarterly IA per cent
on the preferred payable January l. Ne" @ TOT
and New Jersey Telephone Company regular quar-
terIv IA. per cent, payable January Is; Distillers
Securities CORPORATION regular quarterly n OF per
cent pevable January 80; Merchants National
Essr regular senf-annuaI 314 per cent. payable De
cernber "a; United States Mortgage and Trust
Company regular seri-annual 10 per cent paya pie
December 81; American Chicle Company regular
quarterly 111 per cent the preferred. payable
January q and regular monthly per cent on ue
common PAYABLE January 20; Wells Fargo Com
nanv regular semi-annuaI s5 share, payable jan
uarv 10: Garfield National Bank regular quarterly
2 per cent. payable December 81; Citizens Centrai
National Bank regular quarterly n per cent pay
able January 2: 14Ctna Ma ationa Bank regular quar-
terlv per cent. payable January 2; Fifth National
Bank regular quarterly per cent payaole 'ahu-
ary 2.
sGRAIN EXPORTS FOR THE WEEK.-'Brad-
street's reports exports Of grain for the Week
with comparisons figures in bushels. as follows:
Wheat -four included. s024.591, against 664o2 2SS
last week and 6254,519 in this week last yeri TOT
the fiscal year 112SS54 42S' conpereo WIN LISsso D.,
273 in the corresponding period last year corn,
ea5 asa contrasted with 1.66o.12o last week and
I043 726 IN 1907: for the fiscal year. s0os'Z51'
against "a 205. .6T6 In the same period last year
BETTRES FROM sPEYER & CO.-On Decen1-
Der 81 L. J. Salomon. who has been in the employ
of speyer & Co. since August 1873; VIII retiTe
from active business, and the banking firm. In
recognition of his services. will pay him pen
sion for the rest of his life. For the last ten
wears Nr Salomon has had charge OF the nrrn
vaults and securities. his predecessor in the same
nosition William F. Sebert having been with the
firm for over fifty years
UNITED STATES ENVELOPE COMPANY.-
According to Boston advices. the directors Of the
United States Envelope Company may decide
within the next few months 10 restore the pre-
ferred stock to a per cent dividend basis The
stock IS 7 per cent cumulative, and at present
there fs a total of IS per cent in accrued d1vi-
dends.
APPLICATION TO I1ST-Appl1catfon has
been made to the Stock Exchange to list s250.000
chesapeake & Ohio additional general mortgage
az per cent bonds and 2.250.0O0 Chesapeake &
Ohio Coal River Railway first mortgage per
cent bonds of 1915.
SOUTHERN RAILWAY STIMULATING M
a{IT
in communication with large holders Of subur
han real estate at Brunswick. Ga. and Is endeav-
orfng to stimulate immigration there. the land
fs esDeciaIIy adapted TO vegetables for the early
markets Brunswick is attracting considerable at
tention of late because of the completion of the
Atlanta Birmingham & Atlantic Railroad, which
now connects Brunswick with Atlanta and Bir
minEham, thus affording Birmingham outlet
the for her vast area of coal and iron de-