New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-10-21
TOPICS OF STREET

zcsiings IN the LonQon market american
eee.-c were heavy and the general list was
sSk With consOls at the lowest price OF
-. wear Call money was IN good demand
- .tSe British capital. Spot discounts We're
80 a. "a 10 per cent as the general
a,ofsfion but no business was done over
$50 per cent The India council made
ta s,.ices confrTn reports that French bank
- are disinclined 20 accept American
s.o,lrs as collateral in loans. Continental
.Tcbsnge on London was higher.
AMERICAN STOCKS IN ENGLAND
answering an inquiry in reference 20 the
-1anner 81 procedure IN placing stock OF
- American corporation before English in
sestors. Consul General John l. Grifnths
1~-tes from Lordon; Il am informed by a
men her Of one OF the leading firms OF
1nerchan; bankers IN London that If il is
Sestred 10 create q market on the London
sock Exchange for American securities Il
would be necessary for the owners Of the
shares 10 conclude an arrangement with
S0Te English Stock Exchange house 10
nlrchase and sell TO the public through the
Stock Exchange A certain amount OF the
shares OF the American corporation. After
DEALINGS had been carried on ia the Stock
Exchange 10 some extent. Il the usual
course were pursued, the brokers handling
she American stock would then apply 20
she Stock Exchange committee for a settle
ment 81 the shares. The officials OF the
American company would then be asked
r. the committee 10 answer questions with
reference 10 the1r corporation, the issuance
a. securities BY II and 90 furnish such IN
formation as would satisfy the committee
q the financial responsibility and good
faith % the American corporation II
everything is found 10 be in order as re-
CURED under the Stock Exchange rules a
settlement is granted In, the shares. Deal
ings IN The shares Would then naturally
supply and demand. and settlements would
BE- Effected at the regular account days.
Ia ROSE MINES REPORT-La Rose
Consolidated Mines Company reports for
charges. Of Sl.O54.570 Sales OF bullion were
sLl@O4- sna Total earnings were a;5SS.css
snd dividends there vas a balance OF f42l.-
s6. The general balance sheet shows value
o. properties. plants. etc, SSSo.4l2, and
silver ore on hand and in transit. sS7s u.s.
J NcAsrtin, president OF the company in
the report. says; During the last twelve
months through systematic and vigorous
management the company has Continued
70 be one OF the largest producers OF silver
" nc Oooslt District The net value OF
s,S20lsS ana the cost Of producing silver
W6s ls-5l cents an ounce. while the average
selling price was 81 cents an ounce II IS
very gratifying TO note that while almost
ounoss) was ninsS from Ia Rose mine line
nsyeTtheless the same ore reserves as were
ts,ned"
DIVIDENDS DECLARED. - Dividends
have been declared as follows: New Cen
tral Coal Company, regular senli-anuual
Der cent. payable November !; Germans
Bank, regular seMi-annual 10 Per cent and
e. eXtra - per cent. payable November !:
Recinc Bank, regular quarterly per cent,
PAYABLE November !: the H B. Claim Com
paDg, regularly quarterly IL per cent on
cent or the second preferred. payable 10
vember !; American Gas and Electric Com
pany regular quarterly Ia per cent on the
preferred. payable November 1; Pullman
Company, regular quarterly ? per cent, pay
able November Is; Corn Exchange Bank
regular quarterly 4 per cent, payable No
vem6er !.
INTERNATIONAL STEAM PUMP
William Solomon. Of William Solomon &
Co. las been elected a director OF the In
ternational steam Pump Company. Benta-
president, has completed an Inspection tour
q the Eastern factories OF the company. in
Which plans were completed for extensions
Rud new equipment, made necessary by the
Increased business. President Gusgenheim
Eays that nearly all plants are running at
capacity.
TO REEEM SEABOARD RECEIVERS
CERTIFIcATES-The receivers OF the
esaboard Air Line Railway have given
notice 20 holders OF the receivers certifl-
Gates of indebtedness, series A. 3 and c,
that. pursuant 10 a decree OF October Is OF
she federal court. the certificates have been
called for payment, principal snd interest,
q November next at the Office Of the
Continental Trust COMPANY, the fiscal
Il option Of the holders, at the office OF
Interest VIII cease on November 8.
CRUCIBLE gTEEL.-StocEholder OF the
J
ID the following amendments 20 the certin-
rates OF Incorporation OF the company:
otherwise acquire. hold. sell, assign. con
serve or otherwise dispose OF shares OF Us
own capital stock" "Accuuulated prouts
may Re reserved and invested IN shares OF
i-s own stock which the corporation has
power 70 hold"
NERGENTHAIaER LINOTYPE RE
p0ET.-The MerEenthaler Linotype Com
ps1v reports for the year ended september
~ IN ~ IFS business o. -. a.. son.
- against e2.s2s.sls IN the preceding year:
The balance sheet shows surplus OF
$685.. sI7, against s7.3ss,sS2 IN 1908 IN
the wear the company's machines were m
Eroduced into $50 Offices. At the annual
meeting o. the company. sir Joseph Law Law
70 succeed Andrew Dey-tne. dead.
PENNsYLRAolIA PUBLICITY AGENT
BESlGNS.-Ivy l. Lee has resigned MS
position IS head OF the publicity bureau
al the Pennsylvania Railroad Company tor
fhe purpose Of taking charge OF the Euro
pesn business OF Harris, winthrop a. Co.
sAes q ssEistant 10 wv L. Leo.
Is now IN charge OF the Pennsyfyanta s
publicity bureau.
APPLICA ALTON TO IIST.-Application
has been made to The Stock Exchange 70
C1DtfaI 81 zoo 600 first and refundins 4
Del cent mortgage bonds, due 1853; INi-
n0is Central. So 100000 purchased INES
first mortgage 81 per cent bonds, Que 1857
r e. OsS EARNINGS INCREASE
Earnings Of the Baltimore & Ohio Rail
road fer September show an Increase IN
gross Of 81 09e 42a and an increase in net
~ sE10326 From July ] gross earnings
lave Increased 81 SIS. pa. and net earnings
s5ll4-l. comparison being made with the
sar1e time last year.
BROADWAY TRUST RESUMES DIVI-
DENDS.-The directors Of the Broadway
Trust Company have declared a quarterly
dividend Of IL per cent payable NoYem,
Der J. This is the first dividend declared
BY the company since IL discontinued pay
merits ia 1906.
REPUBLIC IRON AND STEEL.-At the
annual meeting OF the Republic Iron and
alee Company John =. Harris. Of Harris.
Winthrop g. Co. Was elected a director 10
Succeed i. s. Black
CHICAGO GREAT WESTERN--The
fhirG and last payment OF = 2 share on the
'o-nmon and preferred r stocks or the Chi
csge Great Western Is due to-day.
GOLD EKPORTE.-The Bank OF New
Qrk rcsferdsy shipped 100000 gold coin 10
Bran and 10000 gold coin 20 Canada.