New-York tribune., 1909-10-03
TOPICS OF THE STREET.

FOREIGN TRADING Foreign houses we're NJ,
active factors in the local market. IN the LOn5o1
market American stocks moved within a uarr,F
range Of prices. with some strength in Atchis0a
Amalgamated Copper and United states stss
Erie was heavy In the general list prizes vera
firm. with a good demand for land shares, ncluf-
ing Canadian issues. Call money al the British
capital was in lisht demand and easy Diseounis
firm at London and at Berlin and Paris III
private rate at Berlin being quoted at ga De-
cent. South African gold 10 the amount OF fgae0
will be offered in the open London market To-
morrow 1t probably Will be taken by the Cont.
nent. The weekly statement of the Bank OF Ger.
may showed a heavy decline in resources.
BUSINESS FAILURES DECREA -Statsf,s
OF failures in the United States have returned %
the normal as reported 10 r G. Dun & Co. thsg
numbered for the nine months ended September
30 1909, $685. with total liabilities OF Sl6Eg.s1.
This record compares with I946 failures during the
corresponding nine months OF 1915 with ns5lirss
of s179.671.52S. and compared with 1871 OF SE4
failures with liabilities OF SI5.03634S While The
number of failures is larger than in 1897 the
of liabilities is almost exactly the same. Manu-
featuring failures we're , 2l0 in number. with la
bilties of $3.50, 1I5. impaired with s79fNSl IN
1908. The trading failures were 7.1S i'm num0e-,
with liabilities of s49, ,s0236S compared with g.
s10227 in 1905 Other commercial failures numbered
271 with liabilities OF S692.1S8 as compared win
ST. rs $50 in 1895 During the last nine months the
manufacturing liabilities amounted to "a psr
cent of the total commercial liabilities and in
to Al per cent. Trading liabilities amounted 10
per cent as against 40.6 per cent in 1893 and the
other commercial failures to 1+s per cent a.
numbered only hfrysix with liabilities OF NS.9l9,l
as compared with 147 such failures in roS, ViJh
liabilities amounting to $I16106. .6Sl- The banking
liabilities in the Middle States amounted 10 0Iy
s6.555.942. against Sl0O6O7 274 in 1875 There
only six banking failures in the Middle States,
against thirty-fve a year ago. In addition large
holding company in New York City was placed
in the hands OF receivers in September. this year.
with liabilities of $25.OO0.0o0 or S3O.OoO.oO0.
IRON TRADE CONDITIONS.-ROger Brown &
Co. say Perhaps the most interesting feature OF
the has he Hfry-ir NJ
the general jObbing fOundries- The tremendous in
crease in consumption which the larger mauufact-
uring concerns have shown now seems 70 %
spreading to even the smallest consumers Of pig
iron Their present demands appear 10 be double
what they were six months ago. and there is also
a disposition TO have little iron 20 spare IN case
OF car shortage aud difficulties Of transportation
during the winter Apparently there is no een1ent
| Of speculation in these purchases. and they ars
part of the general and healthy growth in business
/ JnaL mas been taxing place all over the country
| THE MOVEMENT OF COTTON.-The total port
receipts of cotton. indicated by The Financial
| Chronicle are as follows For the week ended
| October I the total receipts were SSSS bales
against 27s5S4 bales in the preceding week. making
the total receipts since September l. 1853. Los+5B
bales against I0e0 453 bales for the same period e.
1905. showing an increase since September 1903 OF
/ 14G6o bales The weather reports from the South
1 denote that The conditions have been dry as
| rule during the week As a result Of tavofao'4
/ weather, picking has made very good progreSs ana
\ the crop Is moving freely
\ BANK CLEARINGS- Bank clearngs Of he
/ United States for the week ended OCTOBER - ~
tone day estimated. we've S.-2te6,4ss. against N =
| 2toS29.526 in the preceding week and-S9l' ivy
last year an increase of - per cent Over the Salns
/ week in 1905 Important changes by cites were IS
follows, New York increased "a per cent. FIl'a-
dephia % per cent Chicago 1S6 per cent and New
| Orleans S5.S per cent None OF the more important
cities showed decrease in bank clearings as COM
pared with 1905
| GREENWICH BANKS NEW CASHIER
\ Frank Hammond formerly an assistant cashier q
i the Greenwich Bank. has been appointed caSLle.
! Tie has been IN the banks employ for more t~A
i twenty-five years.
| UNITED CIGAR STORES EXTRA DiNlOEN1
| The corporation of the United cigar stores -
declared a regular dividend Of s. % and an eA". eA
/ dividend Of % cents share. payable on octoyJt
II, 20 stockholders OF record at the close OF o-''
Il III lll,f