New-York tribune., 1909-03-03
TOPICS OF THE STREET

FOREIGN TRADING.-Fore:gn houses dealt in
o. oo0 shares IN the local market about evenly dis
.-ih,,.ed In London consols were hrmeT. foreign
bonds were steady and the general market was
t--ae-1lar at unnportant price changes open mar
Vet discounts at the British capital were a trihe
Liver while call money was In moderate demand
- easv rates. There was change IN Continental
Fewer FEBRUARY FAILUREs.-Returns to
-,.5st-ee.'s for the month Of February portray
p t,7r-ovenae-t IN all lines OF trade which has
-,-red SIS compared with the corresponding
s-sod a year ago. There we're sI5 failures in
.i,-fng Sf3f G20SS of liabilities reported TO this
s-,af for the month Of February this year.
.i-et ea0 failures involving s27,S27. .021. in Feb
- 2 year ago. There is here indicated de-
60 Of p per cent in the number Of failures.
-, the reduction IL liabilities is 81 per cent. In
- words failures were one-fourth fewer and
1s bfijlies than one-half those Of the second
-,,.r Of 1905. Comparisons with the same month
:. s-;iar years are. OF course, not so favorable.
,-~s-el with February, 1907. there were IS per
90 failures and 30 per cent larger liabilities,
- -, +re excesses IN failures and liabilities over
- .ts came month Of immediately preceding years
are even larger - - -
-. >-TzTc The directors OF the National Reserve
- - the city OF New York organized yesterday
%, slec+ing the following officers: President, w.
- ,11isor: chairman Of the board, Erskine Hewitt
~ y, --asi7ents Thomas J. Lewis and r. w. Jones.
W L.rbia- George ". Adams: assistant cashier
~ 49, 2 Minis. counsel, Sullivan & Cromwell
~ rank will open temporarily next Saturday at
- oe7ce Of the old Oriental Bank, No 1S2 Broad
'Ae T. r-fu remove TO permanent quarters in the
80. 1,ysstng Building as soon as the fixtures and
varlts can he installed
p.,-- CIFARINGS IN FEBRUARY.-Bank
,i-e nAe for the month Of February denote heavy
+.e of ravrnents through the banks. not so
-. .e !, January. which is TO be expected. hut
sb larger than year ago and only 10 per cent
H. H. TaF-,arv 1895. when trade very active,
-, .Fes-ings for the month this year at all cities
total 5 - the United States embracing more
- ~ hundred and ten Of the leading cities,
s, l-@ - tfe monthly statement issued by r. G.
M = Co being sll.lSS.s SSs- The increase over
Isef YEAR is 2s.2 Per cent. ana the decrease com
..5 With February, 1906. Is 1913 per cent. The
.a--Ta-ed with 1906. is mainly at the East.
- To-t Boston Philadelphia and PittsburE all
-a-.tr. considerable losses also New Orleans
rtlo .e e--.-rsco Nany cities at the South report
- claa~inFs than in 1905. while at the West the
,~c-esse Is generally heavy There are noteworthy
.sfns AZ Chicago. St LOUIS, Kansas City. Mllwau-
zee 81 Paul. Omaha and Denver
11T,-rnFNDs DECLARED Dividends have been
.LIa-e5 IS follows: National Enameng and
+o-,1,ng COMPANY regular quarterly ia per cent
= -La --efsrred payable March 81: Celluloid Com
-anv regular quarterly IL per cent on the com
mon payable April I: Philadelphia Traction Com
-snv seri-snnUal s. q share. payable April l; /
vackzv Cou1panv's regular quarterly per cent on
The preferred and per cent on the common: James
n Durham Company. regular quarterly IL per
cent the first preferred and IA per cent on the
second preferred payable April l; American Type
founders Company. regular quarterly Ia per cent
on the preferred and an extra per cent on the
common.
MNNBAPOLIs & ST. LOUIS RAILROAD.-In /
counecton with their offering Of Minneapolis & ST
LOUIS hallrOad company goc IS 10 reIre me iowa
extension IS, Fisk & Robinson have prepared an I
interesting map. showing the Development. through /
5srchase and construction. of the sOcalled ''Haw-
lev" lines from the wheat fields Of South Dakota /
70 Newport News-the only break being the link |
betveen Louisville and East ST Louis
FRENCH GOLD COIN FOR CUBA-Bawrence |
Tr-y7-1re & Co have received by the French Line
steamer La Touraine 100000 francs in gold coin
which will be reshipped by this weeks steamer TO
Havana Cuba
-T-RR PI-BIICATIONS.-E. S. Mendels. agent
York Curb Market No 6 Wall
street has published booklet containing the lOCa-
ton OF transfer offices Of stocks traded in on the
New York curb market; also the Directory and
Manual for 1903.