New-York tribune., 1908-03-01
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreisn houses sold 2
small amount of stocks in this market ch1efy OF
the PacifCs and the copper issues, and bought
nothing American stocks in London were irregu-
lar and closed weak. with Union Pacihc an eXceP-
ton 10 the prevailing trend DulneSs ruled IN tne
general market Consols were strong during tne
day The copper stocks were depressed. and on the
Paris Bourse Rio Tinto declined 10 francs
DIVIDEND DECLARED-The directors OF the
Copper Range Consolidated Company nave de-
cared a regular quarterly dividend or u snare
which compares with the same amount three
months ago and with declaration a year ago OF
81 50 regular and so cents extra a share
BANK CIEARINGS OF THE WEEK--The total
bank clearings of the United States for the week
ending February % day estimated) were s-2iS-
4s745s against 81 SOS $50 SIS last week and S52ii
S55i6 for the corresponding week of 1901. Compared
with last wear the cIearfngs for the week have de
creased 29.S per cent. New York shows a decrease
Of 23I per cent Baltimore 339 per cent. New Or
leans 375 per cent and Philadelphia 2S2 per cent
DAILY WEST DIVIDEND PASSED-The direct
ors OF the DAILY West Mining Company have passed
the quarterly dividend The DIVIDEND Ior tle last
quarter 80 cents a share
THE FINANCIAL. REVIEW FOR ls+6.-"The
Financial Review annual for 1905 compiled by the
r,1bshers of The Commercial and Financial
C'hrouicle" has been issued. This valuable book OF
reference contains, among other features. retro
spect 1897, giving comprehensive review OF ti7
business Of that year with statistics IN each de-
partment financial and commercial olausucs @t4e
given also of bank clearngs Stock Exchange trans
actions securities issued and listed. money rates
bank statements and abroad. crops, metal pro
ducton foreign trade foreign exchange and stats
tics OF bonds and railroad and industrial secuIlIeS
MOVEMENT OF COTTOE.-"The Financial
Chronicle gives the total port receipts or cotton
for the week ended February q as nt.goi bdieS,
against 1874 2s bales last week and lSUs2 baies tie
previous week making the total receipts since sep
tember / 1901 6s2g 996 bales. against S10529 bales
for the same period of 196-G7. showing decrease
since September /. 1857. of 1.3to.5SJ bales
NEW WRITING PAPER D1RECTOR-Wiliam
CooJDow of r. T. Day & Co. has been elected L
director of the American Writing Paper Company
10 I'LL q vacancy.
r.ctors of the American Smelling and Refining
Company will meet tomorrow, instead OF on
"wednesday. as originally announced, to take acton
ON the common and preferred stock dividends II
j. generally believed that the dividend on the COM
mon stock will he / per cent for the quarter
THE BUSINESS OUTLOOK-FisE x Robinson
in their monthly bulletin OF investments say
NO problem is of quite such absorbing interest
70 the people of the United States as the duration
of inc present busines depression While the avail
able data mark with u certain degree OF definite
moss the extent business receSSiOnS they do not
clearly indicate whether contraction is go on.
whether we are moving along the bottom OF the
uttermcst depths. or whether there is we'll
defined upward tendency. We are confident, how
ever that the events of the next few weeks viii
determine our status beyond question. Such evi-
dence as is available seems to indicate that
are on the upgrade; not far advanced. hut still
headed in the right direction. Broadly speaking.
our activities lie along two fairly defined lines
the activities which meet the daily personal needs
of the people lin the aggregate they very largeJ
and those which meet the requirements of such
great factors in business life transporta ton.
construction and similar enterprises To the for
me- category belong ing mills. potterieS glass
pips and tincan factories, brick making plants
Touring mills. shoe factories and kindred enter
prises There is unmistakable evidence that there
has been substantial resumption among such indus