New-York tribune., 1909-04-20
TOPICS OF THE STREET

- r,oREIGN TRADING.-Foreign houses were
- fuvers Of stocks in the local market, taking
-.--eer5 30 o0e and 10000 shares In London the
DesTs1 market was hrmer. consols and foreign
go advancing and the copper shares showing
N-s-ic7,ol.s strength. the Improvement in all de-
-+r,ents Of the market rejecting a more hopeful
-, over the Turkish situation. Money was
-. ~ the British capital and no change of i'm
-+o,,oe was reported in Continental discounts.
The most important development Of the day in the
Ion money market the absence of competi-
-, on the part Of the Bank Of England for the
- African gold offered in the open market. the
12s-k Of France securing the entire amount OF
s5o0o0o.
INTERNATIONAL HARVESTER REPORT
80 international IIaTE ester Company reports
Tgas total sales Of SI2541'il against S1S2Oss9o in
+he preceding year Net earnings We're sl2S3OSt4
- net income s9.761.355 compared with So
90 as IL 1907. After dividends there bal
go ~ 6S5, $50. against S3.SSo45 in the year be-
e. The company charged off $3.50 600 for pen
5or filnd and S2510C0 for fire insurance fund.
4,irr are new departures. The appropriation for
-enev-als and minor Improvement was S447.s19,
-,-,-srea with s307-SZ1 the year before Reserves
- 5anreclation and extinsuishnent were S471.-
non more than in 1907 and $4,000 charged
o than in the preceding year for contingent losses
.rd collection expenses on bills receivable The
t.,-7a account shows that 1883, S44 deducted
<-o-, net earnings for repairs and maintenance,
Szsg 80 compared with S755.910 in 1907. Loans
80. -a5nre5 and interest charges cut from 81 40
ava 70 ss75672. Sales of farm machinery were
Ss9 ~ Ss2 against S56.753 7IS in 1907 and S52491
es- II, 1906 The balance sheet shows a reduction
SZ.5Q0.00U DIS receivable, the total be-
a. s2S $50 059 which compares with 81, ,094 3sS in
-s07 Accounts payable, however, at the close Of
1,-eness on December 81, 1908. were S. 2S6, ,664,
eTei,sr s. 5g5. z42 the year preceding.
DOMINION IRON AND STEEL DIVIDEND.-A
sisnstcb from Montreal says that the Dominion
1-o- and Steel Company has decided to pay 10i3
,s- cent dividend on the preferred stock May 10
= holders Of record April "a this representing part
~ tho arrears Of the dividends accumulated on
+be- issue. The balance of the back dividends.
q is announced VIII be paid off within q year. The
e Geo 600 required for extensions the coTnpanys
-Isr+ Al sydney have been provided by taking that
er+brrized further announcement is TO the ef-
60 +hat regular seIni-annual dividend payments
- -be r-eferred VIII be resumed October / The
-agulsr annual rate is per cent, and there will
~ he left back dividends Of 3112 per cent the
-rraterred stock aggregatng $l.515,o0o-
rTTIDENDS Observation-Disclosures have been
saclared as follows: Bond and Mortgage Guarantee
,ronnarv regular quarterly per cent, payable
sav =: United States Express Company, regular
~ and Lighting Company, regular quarterly>1 per
rsnr on the common and ! per cent on the pre-
ferred payable May Is
TONOPAH MINING REPORT.-The report Of
fb- Tonopah Mining Company Of Nevada Tor the
eecsl wear ended February 2S shows net balance
of-er ore sales costs and ore on hand OF 2lg.445,
aransr g S34 GA the preceding year, and total
Tet income of SL75109S. against S.4IlSSI in 1897
Alter dividends there was surplus OF Sl,0ol-09S,
er increase of S379,2le-
APPLICATION TO LIST-Application has been
made "a the New York Stock Exchange 10 list sSs-
NJ 500 prior lien AZ per cent bonds S5265S 900 guar
anfeed general mortgage per cent bonds. SZS, 95oo
-sr preferred stock and S123 $500 second preferred
stock Of the National Railways Of Mexico