New-York tribune., 1909-09-23
STRONGEST IN WORKING CAPITAL.
Central Trust Company Of New York
S4 WALL STREET
CAPITAL ard SURPLUS sfs.oo0.o0s
(of which SIT 200. 900 mas bssn sarusdl
TOPICS OF THE STREET.

FOREIGN TRADING Fifty thousand 81 arss
Of United states steel common were bought in the
local market by London. i1 connection with the
demand for the stock from Paris In some quar-
ters of the Street II was thought that the opera
tiou represented orders sent from here % Paris
be executed through the London market IN order
TO create the impression that French investors
we're taking the issue ON purely sroitrase ae-
count transactions were limited 70 rev thousand
shares. chiefly purchases Of Union Pacific In the
London market trading was Inactive outside %
the Kaffr issues. Prices we're easter AZ the close
Call money at the British capital was in better De-
rnand and short time bills were frmer- The treas
ury bills were allotted at discount or = % lod
The India Council was lender at 20 p per
cent for October loans. Continental discounts
firm.
COPPER TRADE CONDTTIONS--While trans
actions in copper to-day were not heavy, slight
Iv better tone prices prevailed. due 10 the al
vance in prices abroad Copper has been strong
in Europe all week One reason for the sdvanCs
abroad is the smaller offerings Of speculative cop
per Producers believe that the foreign fortnight
ly statistics of copper stocks TO oe issued neEt
week will show A shrinkage in stocks abroad. The
copper producers figures Of stocks and production
In this country in September viii be issued on
October 10. a small increase IN stocks may hs
shown. although this is not certain The fact that
the electrical companies are booking business in
excess Of production is taken as indication that
copper consumption in this country IS reaching
large proportions
DIVIDENDS DECLARED--Divldends have been
declared as follows: Citizens Central National
Bank regular quarterly Z per cent payable Oc-
tober /; Market and Fulton National Bank Tesu-
lar quarterly per cent payable October ]; Pope
Manufacturing Company. regular quarterly =
per cent on the preferred and the accumulated
ner cent on the preferred. the latter dating from
August I. 1908, and payable September 80; Mutual
7TrIst C,ornnany of Westchester County quarterly
IL per cent payable September 80; Union Rail-
way Gas and Electric Company, initial IA per
cent on the preferred, payable September 90,
Electric Storage Battery regular quarterly = Of
I per cent on the common and PreIerred' payaoie
October /: Van NOrden Trust company. monthly
/ per cent. payable September so; STANDARD MIL
~ COv1Dary- sarui-auuuaI per on the
preferred payable October 80; New York Dock
eSfRa9Gd efefsRTred PsgEabs Psgads 6co6eP i5 pct cent 0 ~
SECT-RITIF,S IISTED.-The following securities
have been added 10 the Stock Exchange list: Cen
traI of Georgia Railway $4,000 additional con-
soIidated mortgage per cent bonds, making total
listed S1S50OO0O s. OG00O per cent l06o year mort
pany; $4f4SOOO additional per cent preferred Gu
mulative stock OF the RePu5lc& c. Iron @ m and ~ Steei EEL
Company. making total listed S9u'o-'f' S.oVovs.
additional first consolidated mortgage per cent
bonds Of the MINNEAPOLIS St Paul : Sau-J eJo SIC
Marie, and Sl06s9 40 EqlLtaole 1rlsL toHlPai, -,
deposit receipts for The Western les MsTylaad Ial,
for common stock.
REPUBLIC IRON AND STEEI4-The sharp ad-
vance in the common stock Of the Republic Iron
and Steel Company has been accompanied by ru-
more that initial dividend will soon be declared
on the common stock From " nat can be leaned
ton 1t is not likely that dividends win starred
its warrants issued in connection with the payusat
of back dividends on the preferred stock
ERIES FIVE-YEAR RECORD One hundred
and twenty-five millions OF passengers carried SlS-
100000 passenger miles without single fatality in
wears is the record Of the Erie Railroad. p
announced in a bulletin issued to-day. The pas
senger trains required to handle the business
a total of 100000 train miles and the Erie
agement believes this is the best record made
BY American railroad.
WESTINGHOUSE ELECTRIC Westiug
house Electric and Manufacturing Company is
booking orders in excess Of shipments, which IS
one Of the best indications Of revival in the sec-
trtcal industry. The COupany'S shipments from
its Pittsburg works are running at the rate Of
s. 010,00O month.
STANDARD TRUST COMPANY DIVIDEND
PERIOD-The directors OF the STANDARD Trust
Company have decided A policy of QUartsry
dividends, and the COmpany'S next dividend OF :
per will be paid September 50 70 stockholders
of record September 2S.
STOCK EXCHANGE NOT To CLOSE-Ths
governors Of the New Work Stock Exchange de-
cided yesterday not 10 grant the request of rem
bers "a close the exchange Saturday
NEW DIRECTOR OF NEW YORK DOCK CON-
PANY.-CharleS : Brown. vice president ct
Charles s Brown 4 Co, has been elected IN mn
vacancy IN the directorate of the New York DccS
Company. caused by the death Of c. e. Cuv}sr
NEW COTTON EXCHANGE MEMBER Adrian
r. Allen. Of Newport. has been elected a member
Of the New York Cotton Exchange.