New-York tribune., 1909-02-19
TOPICS OF THE STREET.

FoRETC,N NTRADING-Foreign houses sold up
ward Of 40 900 shares in the local market rnaKlns
a total Of sc. 900 shares sold balance In the
last three days. In London gilt edge issues were
duh and heavy. while the general market was In
fair demand at slightly higher rates Discounts
also were ffrner though the Bank OF England
made no change in its minimum rate. The "eehly
return of the bank made g faVoraoie s'LIs'
Paris exchange on London was strong and at the
highest point since November 1901
FAILURES IN NJANUARE-Aaccordins to I,as- stats
Of commercial failures in the United states IN
the month of January was 1.47l, the amount OF
defaulted indebtedness being s14.ooe.Osb Com
pared with January, 1908, when the total com
r1erciaI failures were 1,949. with habinties OF
of failures and Of sIsos1.42s in liabilities, The
number of failures was only slightly greater
than the January average OF the nEe Preeeoins
years, while The total liabilities were ABOUT a.
100000 less than the January average or the nve
preceding years. The liabilities were a trihe less
than in December, and there uEere only two months
total of liabilities under that Of January
APPLICATION TO LIST.-Application has been
made TO the Stock Exchange to list sI6604.oo0
Farmers Loan and Trust Company certificates OF
deposit for lO0-year refunding per cent bonds
of the Metropolitan Street Railway Company;
1856 900 additional 1o0-year refundtng per cent
bonds due 2002. of the Metropolitan Street Rail-
way Company; s5.0oo,o00 additional 25-year de-
bentures. due 1911. of the New York Chicago &
St Louis Railroad Company; $l11,00o additional
first mortgage 8 per cent bonds due 1921. of the
New York and Richmond Gas Company, and $780,
600 additional first and refunding mortgage per
cent bonds. due 1851. Of the Iowa Centrs! Railway
Company.
DENVER & RIO GRANDE BoNDs-Announce.
ment is made that Blair & Co.. William Solomon &
Co and William A Read & Co. have purchased in
behalf Of themselves and associates an additional
s. 000,0 900 Denver & Rio Grande Railroad Company
first and refunding mortgage per cent bonds. the
proceeds of which will be used in the purchase of
equipment, improvement. etc. The entire amount
has been very largely oversubscribed privately at
the subscription price Of SO and interest
HUDSON & MANHATTAN SELLS CAR
TRUSTS-An issue OF $4,000 per cent car trusts
Of the Hudson Sc Manhattan Railroad has been
brought out by the Guaranty Trust Company. The
bonds are dated March !, 1909 and due semi
annually from September l. 1909. 10 March /. 1919.
rcI,,ei,-e sAS COO on each date The bonds are Is
sued under the Philadelphia plan and are Sc
s233 $780, slightly than 20 per cent. will be
raid in cash by the company. All of the equip
rnent Will remain pledged under the mortgage until
the last bond has been paid
COPPER PRICES LOwER.-The local Metal Ez-
change has reduced its quoted price for copper II in
the bid for all grades, making lake 15kq 1916;
electrolytic. 127sqlSc, and casting I2S4glZisc
These are the lowest prices since last July. sale
of $50 900 pounds Of electrolytic copper to
French fungicide manufacturing corporation was
closed Yesterday March shipment at 1916 f. o. h
New York Other reported sales Of eiectrolytic
lake and casting in the local market aggregate
9S5, 600 pounds for prompt shipments
DIVIDENDS DECLARED.-Dfvidends have been
declared as follows: National Lead Company reg
ular quarterly IL per cent, payable April l; Calu-
met and Hecla quarterly IS share. payable March
teriy 81 a share. payable March Is
COLD FOR THE ARGENTINE.-The National
civ Bank viii ship s1.50oooo gold coin TO Buenos
ayres Tomorrow. Total shipments, including TO-
roorrow's outgo, since January l. s86oo0o
rEw STOCK EXCHANGE MEMEBER-
charles Hitchcock jr. has been elected mem
her Of the New York Stock Exchange.
..7T5F, FINANCIAL DIARY" FOR 1so9-''The
Financial Diary for 1909. published by the flfiAi-
cisI calendar Company. of No Is West broadway.
is a xai,a " reference work for w all street anu
business centres in general. It contains a COM
e+e financial history of the United states the IN
terest laws OF all the states, population depl' as
seSsed valuation and tax rate of all the cities Isoo
lie+tnos on the New York Stock Excha nge all Isoo
,,ond note and stock issues showing company
oIaSe of security date of maturity and amount.
a5,-Ced and omitted dividends. initial. extra ana
,.--eased dividends, receivershps and the pfoduc-
,,or Of the United States in detail May ne"
sNatrres have also been added among therh COM
,iate dividends of all companies whose securities
pie' .-ase5 in anywhere in the United States and
t,a,ada nv years since the organization OF I each
..s,,.,- high and low prices of these securities
~ Tears The diary covers every dlvloeEo pay
= sz.oclr-bofb Canadian and American STOCK
,S ,i9a on All exchanges-and all unlisted, mining
t efc-snd shows the actual ofnclal dates III
sSrs,ce for the year 1909 for dividend meetings;
g. ,,s,rraent of dividends. for books opening ana
closing for selling ex-dvidend. Tor annual Iepors,
-, a1n,,ai meetings and complete list OF transfer
Offices. "