New-York tribune., 1908-05-24
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses sold 20
600 shares in the local market American stocks
IN tba London market were weak. but elsevherss
on tn. British exchange prices were steady There,
was revival in London Of discussion or IN. CniSn
Pacific bond issue. some bankers believing II would
not be taken abroad except TO yield 4l1 per cent
to foreign investors. Money was easy. with call
loans at per cent. Short time bills were weaker
at Ia per cent. Continental exchange moved more
in favor Of London.
STOCK EXCHANGE NEws.Reinstated to
Men,bcrshfp tr.n.ferred-Josiah H Clark TO
Thomas Porter Ford. Of Ford & Enos. Rochester
New partnershipsLSmith Holran. May 20 1909
No 36 Wall street Elliott E Smith and Frank P
Horan: Ford & Enos. Rochester. Thomas Por-
ter Ford and Arthur BENJAMIN Enos Changes m
hrn-E r Chapman & Co.. Melville D Chapman
and Clement A Branley, retlred- Brancn OF
fce-Herrtcil. Berg & &C.. NO. Y West 5od street.
New York City. discontinued New addresses
Willard Wadsvorth. at Charles NJ Schott. II &
Co.'S No. Is Broad street; Gross & keeoerg No
25 Broad street.
MOVEMENT OF CoTToN-''The Financial
FOR the week ended May ~ 1908. as 53.Oss bales.
against 5e37s bales in the preceding week, making
the total receipts since September l. 1907. 776s277
bales against s.434.142 bales for the same period
OF 1eos-'O7 showing decrease since September
l. 1907 of 1855. 1855 bales Rain has fallen IN most
localities during the last week AT some points IL
has been excessive The temperature has been
seasonabIe The heavy rains have retarded the
development cotton IN some points IN Texas o'If
at others Improvement is noted
RANK CLEARINGs.-Th. total bank clearings
OF the United States for the week ended May q
Zone day estinlated) were s2.63O.ot6.0zi. against
8, 577 $50 $40 in the preceding week and s216I.-
e47sIa for the corresponding week Of 1907 Com
pared with last year the total ciear1ngS Ior tne
week decreased per cent Boston SHOWS an m
crease Of 81 per cent New York decrease OF -
per cent Baltimore decrease OF 1873 per cent
New Orleans a decrease of IA per cent and Phil
adephia a decrease Of 1875 per cent
DENVER & RIO GRANDE NOTEs.-The new
Sl5 900. 900 of Denver Rio Grande per cent
notes will be dated August l. 1908 and matlrs
either IN August, 1911. or August is1S Iney VII
be secured by the deposit Of 2z0O0.0oo new nrst
and refunding per cent bonds. into whlch tnT
NAV be converted the rate OF no on any interest,"
date.
NEW OFFICERS OF CHESAPEAKE VEST
ERN-w e D. Stokes has been elected president
of the Chesapeake Western Railway Company. 70
succeed Robert McM- Gillespie. resigned and Il
II. Gleason has been elected vtce-presldent' Sue
ceedins ]. J. yatable. resigned
DIVIDENDS Observation-Disclosures, have been
declared as follows Calumet & Hecla Company
quarterly S. payable June Is This compares win
the same rate three months ago and s20 a year
ago. City and Suburban Homes Company semi
annual per cent, payable June l.
GOLD ExPoRTs-The National City Bank has
engaged ST. 800. 900 In gold bars for export BY
TUESDAYS steamer. This makes total on the
current Of S31 100000 Sterling exchanges
closed yesterday decline Of 10 points
MAcKAY RETIREs FROM CANADIAN PA
CIFIC BOARD-James Dunsmutr. Lieutenant
Governor of British Columbia. has been elected q
director Of the Canadian Pacific Railway Company
to succeed Clarence H Mackay. who retired
owing his inability 10 attend the board meet
ings