New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-12-02
TOPICS OF STREET
rnRrIcN TRAnENG.-Fnreirn house.

II.
Neaiinr ID upward 81 1900 shares sales
- purchases were about evenly divided.
CENTRAL BANK NEEDED-Fisk &
Robinson, ln their December bulletin. say:
q 1..lv of our own financial history as
ra us that ~ many modern nations,
clearly dem0usuates thai the correct So
--.ra rl the problem involves the creation
ii t.e uiteG states OF what IN never has
bsl--a central bank FOR banks only. A
taEA which While possessing the power or
reli-eulut ana ~ nuie issue, shall he IN
lo sClsc "a duplication u the privileged but
p. . Sest-ore6 dar i-e Presi lbs I Hlsea
s1Es a.l-lnietIatlon- Sucn an institution
I.r.- uc PASSED TIE experimental stage.
T.r claim mat 20 is an Intricate piece OF
. rlQuremsrts 80 the United states
ii ulsre sIhterflge. ECONOMIC laNs are
neither geographic -or etEuololic IN their
...,--llal. and uo people are quicker than
se III. Size United states 20 understand
~. s-rT- improved methods IA a. fields
lIeertu. ta tLe situation Is shown by the
.aol -.a- appeals 70 Colsress FOR cur
mac pcrs.s -eD-ly 4or nearly half CEN
tury C-r.as n Rich pEriu- a score * na-
Mons have instituted and perfected cen
IA h.-As vastly 10 their benefit TIE
Il -ut..-- meth .IrlCt of our present sNs-
- ,.as tlasrratei igst -g-o yssrs 40
wheu almost the euIIe banking fraternity
q. Tie United states-the richest nation
o. tle slo1e, possessing the greatest
bglAlls power and the largest stores of
g0.l-pi a~tlcsi-ly suspended cash pay Inents
NEle ln solvent condition ana holding
adequate reserves. IL Nas Aot Until the
clear.LI houses had rec- Grse substantially
I. central l.Lk met lols LlaL pubic con-
rGelce was restored and normal c0ndi-
Mons resumed
FAILURES IL NEABER--Statstics
Cf Commercial .allures in ne United states
Tor November, according 10 the records
compiled ay H. IL. Dun a. Co, saOU that
iusc.Reu-ies numbered 50, Win oetaUltec
lnlebIelIess amounting 40 Sssl--O,5. This
r i marked M irONernSlt - compared WIKI
Tie same month last year, when defaults
81 rcd VA : les IHH q
TIE returns are even more Favorable Wnen
compared Win me Z, 80 DEFAULTS Tor Al.ost,-
o. ln November, ISL. and lu only siN q the
prececl-g fourteen years are the liabilities
sua.sr -lal those OF the last month All
cC--r-- sons exhibit improvement. manu-
frrrlr-'-E -ail4fes numbering ~, with la
-L.ces C- Ss.Sl5,ss5, and compa ing with 20.
o.. s-l..i-.. al The corFerpondinS month
-.st r.4r. and Sos. f1r Sl0.927.59s in 1897.
vile 5-g trading failures, with s. So 6i
.rl-.-r .C-S- compare with ss9. for Sa,sal,-
l.a and ,-O t0r 81. ii1esi5 respectively, in the
continued .u The third division. em5rac-
iuE brokers and transpOrters. il which
81 ---peIslons occurred, with liabilities
u while a. $40 there were 4S, Tor
>> ard So. for E.069.24e the Year be-
These UcC-es disclose gratifying
6..-sa~s lu Commercial mortality and show
..r Clearly how close conditions have APP
~--a .ra7 -' normal
ralIT. TOLEDO & IRONTON DE-
Faults The Detroit Toledo & Ironton
l-....a. -.--lpaI4 crtaulted yesterday IN
80. .-At ut interest on as general lien
..--a- -rst mortgage pvr cent
ALA bonds. and ln consequence the holders /
amount u those bonds have re-
... .--o II Barnard, cha -ruan, sidney
F. 4na Flillp j. Goodhart 10 AL IS
---r o. protect the interests u All OF
..t .-.-rs ~ those bonds " no may become /
CD al agreement Wl-ch has been I
o.. E-f Tie New N0rk Trust Company
-r ~ me bonds should deposit them 4
r.- ODE -r-st company before DeceUnbe Der /
and --e bonds should carry the Decem- I
.-r and subsequent coupons
- -
owing The cricial announcement q the .
l..r-r- .t Ire Douglas Copper Company /
U..a -.e AeXl an Exploration and Mining /
Company, under the name Of the Pacific I
SUe.-.E and MlLinE Company. - per cent I
az Lr--ias stock, 65 per cent OF Douglas /
bonds s--e per cent OF Mexican ExplOra- i
firr ..k and - Der cent of Mexicaa TX
El--a..I bonds have been turned n 10 De /
c0nE-r re- into the stock ot the new com /
larT, ---s assuring the consolidation
DIVIDENDS DECLARED. 80 Dividends I
have been declared as follows. AtcDlson: i
Topeka a. santa Re. regular seni-annual I
sGa-y l. American fsrneiting and Rehniag F.
Company regular quarterly - per cent /
o. tae preferred, payable December u, /
January -, New York Central regular 4
Qla cry : per cent Peterborough Rapid /
Transit Company, regular quarterly - I
e crIss gay eule January ., american 4
Il1--rl Cor-ra--ys regularly quarterly ~ \
le- cent OF tae preferred Rubber Goods f.
Nan -2cturlDg Company, regulaE quarterly /.
= r-r cent On TIE preferred, payable De- I
cer--a~ L5- Ceuul0ld Company, regular 4
quarterly II per cent, and an extra per \
cent payable December 81.
CHICAGO LAKE SHORE q EAST \
EEN The subscription books for ne \
8 81. "Hu chicago, lake shore d. Eastern I
ia way 81 mortgage a. per cent bonds, f.
g-4-l-r-rd Dy the United states steel Cor F.
p0Tarll and offered ID William A Read 4
4 CT were closed yesterday IN advance .
~ --s lCEerrseh time, al OF the Issue .
LlVr- been s-oscr bed for.
EE-ES EARNINGS INCREASE Earn
lrEe -.t Erie Railroad Tor The month OF F.
October snow gain ~ gross o. $500
a-- gain net % s-iA--e. since J --y I .
gross earnings have Increased SLlQ5,-12 and .
le- earnings have Increased SJoo.-L over
-.- same -.-e ll the preceding year.
NEH BRO hEEaGE HOCSE.-HaDson .
D. ...... E--u.4u ~. DuNa4 and charles
Gordon lrr1-. me last named d MEMBER
Sew YORK stock Exchange, have .
..--... - HH-rar-Lersl-r- WITH of-lces al No
~ g.. Tor The purpose q conducting
"a genera. tarkiug and brokerage business.
NATIONAL STEAM PUMP
r--- -rrl-v and Charles s Hirsca have
..- elected directors - The InterLa llJf.al .
- .r Company. ID 1ccoruance vita
.-..r 70 increase The board ~ Two .
l>-E FOR SAN FRANCIS O.-The
..H.-Lrr Transferred SLri. 90 10 san
f.-..-. yesterday for me account q .
49, making q total since last Sat
" -. C -f t0 that point
COPPER EXPO RTS Exports OF copper
POI month .. November were =. SIS tons,
.-Hre- E--l ls.--5 tons IA the same tine
--r
.ls- q TLAGLER n coz. ARIZONA .
Laat. -ar r-- annual meeting OF the
..-tl Arizona smelling Company
John d. Flag.er vas elected a
4- rl ID. vacancy. The retiring d.
".-t .tert-.