New-York tribune., 1909-09-15
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses bought
scout 1900 shares on balance in the local market
IN the London market American stocks were trreg-
ular with no general tendency while the general
market was inclined to sag with weakness In the
copper Issues Consols were lower. Call money at
the British capital easy and discounts were
nrm under the influence of the Continental demand
Tor gold. which fortunately comes at a time when
the Bank OF England is strong in cash resources.
The demand from the provinces, however. is in
creasing' and decrease in the proportion of re-
serve TO liability Is looked In to-morrow's week
against London.
DIVIDENDS Observation-Disclosures have been
declared as follows: National Sugar Refining Com
pany regular quarterly III per cent the pre-
terred, payable October 2; Evansville & Terre
ferred' payable, 21 per cent October Is and 2ls
per cent on April Is next, and per cent the
common, payable on November l; Virgnia-Caro-
ma chemical Company. regular quarterly per
cent on the preferred. payable October Is; Mer-
genthaler Linotype Company, regular quarterly
2h per cent. payable on September 80; National
IAcorice Company. regular quarterly IA per cent
on ms preferred, payable on September 30; Du
Pont international Powder Company, regular quar-
tery ~ per cent on the preferred. payable on Oc-
tober !; Westinghouse Air Brake Company, regu-
lar quarterly PA per cent and III per cent extra
on the common payable on October 9.
DEMAND FOR SUBSIDIARY SILVER.-In the
week ended September II. 1e09 the federal Treas
ury sent 10 interior points sl127.455 in subsidiary
silver again sss5 $50 for the corresponding week
OF last year. The Treasury has hand s24oo.0oo
in subsidiary silver. and. 1t pays the expense
OF shipment, the banks sending In orders for
South.
NORTHWESTERN wHEAT-Proot of rapid
marketing OF wheat in the Northwest Is seen in
the arrival Of 1895 at Duluth Monday.
compared with Se1 cars a year ago and lT6 cars in
lDI Al Minneapolis Chicago and Duluth the
total receipts 207s cars. compared with 1,2OS
cars last year and 72s cars the year before.
NEW DIRECTOR OF BRUNSWICK COMPANY.
ID. G. Boissevain. of Kean. Van Cortlandt & Co..
has been elected director OF the Brunswick
Terminal 6 Railroad Company.
SOUTHERN RAILWAY EARNINGS.-southern
Railway earnings continue to show marked gains
over corresponding periods year ago. For the
first week in September gross earnings increased
Ns568. making for the nscai year TO September
a gain OF $3.50 40.
MAY BUY IRON.-Not long ngo u was stated
that the United States Steel Corporation would
not have TO buy any pig iron in tho open market
que 70 It's increased furnace capacity. Recently how
ever there has been such heavy gain in steel
consumption that the entrance OF the steel cor
poraion into the open market as buyer OF iron Is
expected before the close OF the year Since the
organization OF the steel corporation Il has been
large buyer OF Dig iron. at times taking as high
as $4,000 tons year from the merchant furnaces
A new high record in iron production by the
United States Steel Corporation Is looked for this
month.
INDIAN COTTON CRoP.-ofacial returns from
lnds place the cotton crop OF the last cotton crop
year at 46SoOoo bales OF 900 pounds each compared
with 45eooo bales the year before and $50 900 bales
Tor lo2-OS About 60 per cent OF the total Indian
product is taken by local mills From Is per cent
70 20 per cent goes 70 Japan and the Far East and
~ per cent 10 S per cent Is sent TO Europe almost
wholly 20 Continental Europe. Last year Great
Britain took only 1900 bales OF Indian cotton.