New-York tribune., 1909-07-31
Tie GgARAEr.E on,
AND TRUST CO -
Capital end SurnI. saas1
$f2.ooO.OOossS
TOPICS OF THE sn.

FOREIGN TRADING
1000 shares in the LEGAL .sa n,ss,l housss
shares- IN the London marJxs. - aagt, IS
on hSht volume OF business pslces va
on the curb were quiet. Call r1ors. sa.nercaa
capital was easy on small da-..5 az q. -
lar conditions prevailed in The b-.and VII.
South AFRICAN gold 70 the arnor1. 1-..1coant "A. |.
-, q III tils open London p,.- 7Saas
ana as the Continental der,ars ,HsrSss NJ. =
the Bank Of England Should -. nas dlsa,,-s
Offering There was no cban,1o ne hurs =
Continental discounts. Paris sTesa-I y. Ii'poiss +
advanced. Acianse On T
BANKS GAIN IN CAsH.-Tb.
ments OF currency this week Jns,.sportas -
cash held by the banks or s2 7o1 aa,-Aes "a. D.
gOid exports and on Sub-Treas,rv Ia "a n
offset BY the gain from the in+a.. opesa-oss
received from the interior q az s, The ~
the interior S6,s27O00. including q 49, and -
bank notes send 70 Washingfa, "Sea Ia. l.
The gain from the interior was :, - 81 rsdsr~
OF new gold were g. S52 2O00-ua1,ssIsa ss'1 Rss,
assay office checks. 3, ,425,0oO: San = NsT
checks, Sf5,0o0. and Seattle sssav -.socss -
S724,OOo- Gold exports during the s olles IA
10 SSO'OVo 10 the Argentine ia coin r-41e'
ourseihents oy the Sub-Treasury rs,. s1.a7
Payments by the banks 20 tha 81 81
customs, internal revenue. nar - 'sases
fund. etc, were 81. .Z72,O0O sborSr- ~ fecsav F
Treasury operations proper OF ss7aso s'as u
loss on SuD-Treasury operations nroD.- 4ae &
exports was A,719,Oc0- Deductfnx ~. - - -1c 2
from the interior and the recefpfs - ..0I asH
the net gain Is s2.76l.0o0. This -, ~ ass
movement is the first tC indicate thsf =
currency has set toward the Wss, -e u
AMERICAN BANKERS AsS0Cr,-
American Bankers Associations f51..-..
nual convention. to be held In CbIo.ss-'I1
tember, bids fair to outrfvaI all N -
sors iE attendance and importance - Nsss
the several committees is now Vsu -, sssy +
and from arrangements already mad -.
submitted az their meeting every irro.-.- = E
tail Will be perfected for the corv.-,s.H- -s..-&
most elaborate series Of entertainment .s s-- :
which VII not in any way confict v,r, - -
ness programme. The headquarfsrs - - ss 4 !
citation will be at the Auditorium Ana. =
registration at the Auditorium yss-. = +
lobby on the second floor has been =. !. = f
this purpose The section meetings nm =
IN the Egyptian room Of the AuditorsT-- = :
general convention will be held IN the Ia. ~
Theatre Already large number OF rr.-s
the association have secured hotel ,.1
tons. but there is ample room for an =,
to attend Those who have not alrsasv
should do so at once. addressing Aur-- Z
chairman OF the hotel COMMITTEES cars -
tionaI Bank. Chicago
AMERICAN STEEL FOCNDRrES- -s;.s
Swa rtwout, Of the Stock Exchange Hrr, 90 80
won't & AppenzeiIar. has Just returned s~- L
10 the nine plants OF the American Steel F---a
situated in Chester. Franklin. Sharon AZ =
burg. Penn, Alliance. Ohio. Indiana H,-s- T
Hammond. Ind. and East ST Louis sns c,~
City. III. He reports that Tire physical 49,
OF the various plants Is exceptionally Eoo5 s-ss
orders at satisfactory prices are being rsrs-s
volume. The large cash resourns. =,
permitted the purchase Of raw m,r.-s,
the low prices Of 1907 and 1908, and naaT - +
plants are thus cheaply supplied for fH = 4
operation The suspension OF work in son. Z, 1
plants during the period OF depression an. 4
pOrtunity Cor necessary additions and l---
ments. and whsn the company Is again oosr,
az capacity. the earnings should be the ls-z-
its history.
BUSH TERMINAL REPORT-Ths Bas :.
ninal Company has issued It's ssni-aunusl II.
cent for the six months ended Ju1s
showing a surplus for the current year q Esz
against the 1905 surplus ot sss.oS1 Gna y
ings were s5s6,S14. against S4ss2s0 N ne ..
time last year, and net income S4is.9-
crease Of s101.G1S. While rhs volume oi s.zs
hacdled was fa- heavier thar in 1908 ssz-
decreased S12.397.
GRAIN EXPORTS FOR THE WEEK.
streets reports The exports ot grain for re ~
with comparisons. figures in bushels as hiz
Wheat. -four Included. f579s52. against ca
last week and 2605.9ss n this week ax =
al al s-sfSar N'tli a.-a4 afeslr
period OF 1898 Corn IHs4 s.
-rasted with 32."s2 last week and I5.s25 n hess
week in 1908. fiscal year S29. So. against 1liI
the same time last year
UNITED STATES STEEIA-Accordilz 70 ,
resentative OF the United States stssl CE7-t
ton, there is no foundation for the rscszt Tsv-
that a bond issue representing all OF part 4 2
outlay in connection with the building :
Gary plant is 10 be created The Gary gz- :
cost il the neishborhood Of S0o.o0s.ao shs- II
and every dollar spent EA rssis1
money taken from earnings.
GENERAL CHEMICAL INVESTMENT .
IS understood that the As-&
per cent cumulative preferred stock q =. =
eraI Chemical Company which was rscenlI >
and listed on the stock Exchange vas =
Speyer & Co. who, il is said, have ass-4
sold the stock 70 investors.
BORDEN COMPANY INCREASES CASilL-
Al a special meeting OF the stockholders :
Borden Condensed Milk Company me -
increase OF 10000 IN the common sioeA oe.,-ss
thorized. making the total authOrizsd s-
DIVIDENDS DECLARED.-Dfvidsnds - ~.
declared as follows General CheInicel 49,
regular quarterly I per cent on ne =
Cleveland and Pittsburs Railroad ConqllL -, =,
lar quarterly Is per cent on the spela- - =
teed betterment stock, payable on a-ia -
Jem5er l. = =. :.
APPLICATION To LIST-Applicationl = :. =
made 10 the Stock Exchange 10 As1 -
-ionaI capital stock Of the Delaware. - -
and Western Railroad, and S'o'%" -
first consolidated mortgage per SeH'
the Southern Railway Il
GOLD FOR ARGENTISA--Haisa- 1.-s
will ship $4,000 gold coin 70 Bueho' -. -
dav. Total on Argentine mOvement s.-sss
1srv $40 15a no and TO all countries. So.
COPPER EXPORTS.-Exports or c0gs, w. b
u-eaLx ended TlIy % were T202 tons siA.s -. g