New-York tribune., 1909-09-02
TOPICS OF THE STREET.

FOREIGN TRADING Foreign houses deait IN
1900 shares IN the local market. mostly sales. In
the London market consOls were firm and the gen.
eraI list inactive uuimpOrrant price changes.
with small declines IN The American department
Though there was "A fairly active demand ior
money the British capital rates remained easy.
while material change was reported in LONDON
likely 70 he higher To OCTOBER and N the mean
time local stock market interests doubtless VII
take advautase Of the low quotations at London 70
carry bun accounts there.
MISSOURI PACIFIC-Notica is given By -ha
Missouri Pacific Railway Company that, the con-
tract and articles of consolidation. dated May ,
-. -, roo,, r.,-ore{ ~, the sro~k bct,la-,
and become operative, certificates Cor stock 0t tNa
Ifieso,1r{ Pacific PafIvra- Conpanv may be ex-
changed for certificates for a like par amount q
stock I'm the new consolidated company of the
same name The old certificates OK stock, properly
indoTsed for transfer, must De presented az tie Of
fec of the company. No. 10 BT'adWsy. me Idpl-
tai stock OF the new consolidated company has
been admitted to the regular list OF the New York
stock Exchange, and the new certihcates VIII -
good delivery upon all transactions IN the stock
of the Missouri Pacific Railway Company.
COMMERCIAL, FAILURES n ACGCST-Ad-
vices received by r. G. Dun K 60. show that thers
were during August 9l5 commercial failures, with
total liabilities of s962o51s, compared with lla9
in 1905. with lidbiit OF S,7s231s OF these COM
merCiaI failures. there during August OF this
wear 673 defaults Of traders having liabilities oe
sf55l9 995. against 907 such failures in August 1o's,
with defaults OF 5.S6T597. The manufacturing de-
faults during August numbered 222 with liabilities %
Sf01oO2. compared with 253 manufacturing d.
faults in August. 1905 having liabilities OF S5f5c.-
$50 In other departments. such brokers, trans
liabilities OF s. 579 whereas IN August 1905.
there were % such failures, with liabilities ct
g, Isl sol.
DIVIDENDS Observation-Disclosures have been
declared as follows: American SnuR Company.
regularly quarterly IL per cent on the preferred
snd > per cont on tle common. American Tobacco
Company. regular quarterly IL per cent on ths
preferred GnterboroUCh Rapid Transit COMPANY.
regular quarterly 2l. rer cent. PAYABLE October J.
American Smelling ard Refining Company. regular
quarterly Ia per cent the preferred and 1 PEI
cent on the common. the preferred payable October
and the common October i.
KANSAS CITY lIE.EICO & ORIENT-Fou-
shares of the preferred stock Of the Kansas City.
Mexico & Orient Railway were sold at auction
yesterday tie basis Of SIS 81 a share. There
has been trading IN this stock in the local mar
ket and the establishment OF price for the issue
is therefore Of interest. The road which promises
10 rscor,l an i77-o-+s-t fs-+o- 81 -5,, ,sii-
alton in Che Southwest. has been largely financed
abroad. More than one-third OF the entire lins
has been completed.
AMERICAN SMELLING AND REFT,ING.-At
the annual meeting of the American Suneting and
Rehning Company the directors were reelected.
Over 100000 shares o. stock were represented
Edward Brush, the vice president. who presided
said; The price OF metals has bettered somewhat.
but the earnings OF the smelling Cor7par,, ar o1
slightly dependent upon metal quota tons
WESTERN MARYLAND REORGANIZATION-
~ was learned at the Office Of the Equitable Trust
cent OF the stock OF the Western Maryland Rail
road Company had deposited their shares and paid
the first tnsralneDr Of p per cent on account of
the purchase price Of the stock OF the reorSanizsi
company
COPPER MARKET CoND1TIONs-A sharp de-
cline yesterday in the price OF copper az London
was followed oy only a slight reaction here Tra
metal was sold In the local market a shade ovs~
Is cents pound The foreign fortnightlv come
statistics show further Increase IN copna- s.,c
plies abroad
AMERICAN HIDE AND LEArHER.-A, t..
annual meeting of the American Hide and I-stNe~
Company yesterday. Willis Farrington was ere~-a,i
"A director 10 succeed Edward L. White rss-,s5
Other directors were reelected.
EXTRA DIVIDEND DECLARED-The directors.
OF the st Joseph South Bend & Southern Railroad
company nave declared Ser1f-aDr1lal dividend ~
~ per cent on the preferred stock and a dv,,Is7
OF / per cent and extra dividend IL D. No.
cent on the common stock
STOCK TRANSFER TAN RETURNS r.,rr.r,l,
-AlgustS stock transfer tax receipts reached !.
totaI OF Sol'SS the heaviest OF the wear L., Tur,
MAY SSgl. $40 ~ a-'O %"
COPPER EXPORrS.-ENports oS coppe- @5- t-.
month of August were. - $50 tons c,,r,,7,-t -.
-5.s'9 tons in the same month last year.