New-York tribune., 1909-09-28
TOPICS OF THE STREET

Il -opr1fzN TRADING. G.-Foreign houses dealt in
-, shares in the local market. mostly purchases
4 United States steel in the London market
o. lean stocks were strong in the trading for the
A. account with especial advances in United
ststes Steel and Pennsylvania The copper shares
-o higher and the general mining market
Il .,re al advancing prices. Consos
Sanped In the carTy-oyer at the fortnightly set
,.cpt no extended speculative position indi-
"+e5 The contango on American stocks
= cent and regular stock exchange loans
ID tv the banks at "a per cent Russia secured
~. = 0sD 600 South African gold offered in the open
+-i,jsh market and as consequence OF the Con-
,renal demand for the metal the price OF bar gold
l was advanced sd
+r-N-eIsYIVANIA TRAIN OPERATIONS Re
arts Just compiled by the Pennsylvania Railroad
bov- that OF the 46s07 passenger trains operated
- in IN the month OF August, 1876. 9o9 per
- made schedule time. Owing To the heavy sub
l,.,bar travel In the vicinity Of Philadelphia and
lo,t,sblrc the Philadelphia, Pittsburg and Mary
lIsnd divisions lead In the number OF trains op-
tf-ated With total Of l60i3 passenger trains rum
Ing over those three divisions in August. 1883
/ ~ q22 per cent, of them made schedule time. In
.r1st the Philadelphia division operated 1880 pas
l~~srgsr rralus-a greater number than operated by
- other division The Pittsburg division was
leacond with 5.cl5; the Maryland division operated
lE-k passenger trains. the Amboy division 4,7S9.
| sad the New York division 1850.
/ BROAD EXCHANGE BUILDING BONDS-
| sUartwout * Appenzellar and the Equitable Trust
| COMPANY are Offering S45e"0 first mortgage per
cent gold bonds OF the Broad Exchange Company.
These bonds are tax exempt in New York State
sna are due July J. 1929. They are secured by
Il
BROAD street and Exchange Place, New York.
owned in FEE simple by the Broad Exchange Com
rsny The average net earnings Of the company
over period ot seven wears have been about two
and half times the interest charges on the bonds
and apprasais show value for the land and
building ~ approximately le per cent OF the total
tond issue The building is in the heart OF the
financial district and is considered OF the most
valuable uarcels af Ieal estate on Manhattan Isl
snd The mortgage securing the bonds also covers
No 4 Broad street. The Broad Exchange Build
ing is insured for S.0oacla
| HEAVY RAIL ORDERS-Orders and inquiries
FOR steel rails continue heavy. The street railway
companies have now entered the market as heavy
buyers of srder and light section rails. The Grand
Trunk iS iL the market for $40 tons and Ger
tain Northern street railway companies are IN
o1irigs fo- total OF approximately l5.eJ0 tons Il
/ is understood the 1910 schedule OF the New York
have sr.' c.sUt orders their books 70 keep their
works Ia steady operation for from three 10 six
months a prominent steel manufacturer states
that the street railway companies VIII consume
more steel rails next year than IN any previous
year in the history ot the country.
/ DIVIDENDS DECLARED-Di Dividends have been
declared follows; American Chicle Company,
lrsgusr IL per cent on the preferred. payable Oc-
lioher J. a.. The regular monthly per cent on tie
lcomuor. payable October 20. the Philadelphia
lCompanT regular quarterly u per cent on the
jeomrro~. ravahla November /: Thompson-Starrert
Compauy. semi-annual per cent on the preferred
PAYABLE November IS.
[ COLUMBUS AND HOOKING COAL. AND IRON
lCONPANN-The Columbus and Hooking Coal and
Iron Company has absorbed the Dean Coal Com
Ts1y, ot columbus. and :. 7. J. Dean. head Of the
latter, VII take the post OF general manager of
Che former Nj Dean was associated with the Co
lumbGs and Hooking company FOR many years. hrit
went into business on his own account some wears
'sgo.
APPLICATION TO LIST.-Application has been
made 20 tae stock Exchange TO transfer S6,759C00
Treserre5 and the same amount % common stock
OF the American Linseed Company from the unlist-
e6 department 10 the regular list
ATCHISON'S BIG EARNINGS-The Atchison.
Topeka a. Santa Fe Railway reports for August
gross earnings Of Sss5e $50 an increase Of -54
and earnings of 81 459 9 an increase Of Sg3g 80
comparison being made with the same time year
sgo.
OCTOBER DISBURSEMENTS is estimated
that October dividend and interest disbursements
vii aggregate $l57. l-'0cO. as compared with $40
as 1n3 year ago and Sl3l. .Cce OJj in 1907.
PRODUCE EXCHANGE TO CLOSE EARLY
Tie New York Produce Exchange viii close to-day
a. o. clock and on Thursday al 30