New-York tribune., 1909-02-04
topics OF THE STREET
rnPTCs OF THE STREET.


- TRApING-Foreign houses again
FohE-,5aSs-steiy on balance in the local market.
heutL. -1,eir net purchases for the last two days
rshi-ss ~ 20 geo shares The Improvement In the
upVafo .--sa, situation and the improbability OF
foFelssH in the Bank OF England's discount rate
az --zss 70 promote European interest IN our
fsVe. In London the general market was frn1.
s- ,o-ev was easy Discounts were unchanged.
CeL ,,s~E Of England bought &5oe00 bar gold. sent
.ns .nss,S6e 70 Buenos Ayres and received $4,000
- - t--.nce- Paris exchange on Londaa was
hghs- r.>-r-.px r,,,r,. vr,,,,,,,v.-r
FA.I - commercial failures IN the United States
rs7oI -. r,onth OF January show 1874 in number
es s1s 4aa 5s2 in amount Of liabilities; this com
e- sc -r4+b less suspensions iE the corresponding
Ee+r )ast year. when The amount involved was
= ass 81 Manufacturing failures numbered 2'S'
So fn9 similar defaults year ago. and la
es.s. n ss5lse7s compared with $lo.26T.oS7 IN
tlIs- ZOOS There were l,oSs trading failures
n0s against 1.z7S suspensions In the same
% = 5.e4 wear. when the defauted indebtedness
El--I-s-e5 Sls 4ss 737- Improvement is also shown
= - third division, including real estate, broker
= = sto g failures involving SIIl56o, compar-
So = defaults for $S.S4s.42o last year. Bank
IL ,.ssss we're 10 in number and $354,4s IN
H-s.. H-s - defauted liabilities; year ago the
tlJ tl5H-r srspensIors IN January numbered 80 and
=. liabilities were s51.5e6.4S5. While a heavy
l..-+f1a mortality IS 20 be expected in January,
tLlsTts,, 70 mike annual settlements supplying
t-sesss number Of failures, tie returns for the
I..-c month q the new year are quite favorable
- emphasize steady progress toward more nor
=, - c,-5,tions IN the commercial world
-o-pF-R PRICES REDUCED.-The United
,.is Se,iirz Company has reduced the local price
= corner &c 6 pound to lsiec- Some fairly large
9, - been made AZ that level. chiefly for for
= account. brit many consumers are holding on
= ne hone O. 2 further decline IN the quotation.
~ I'D 1oticn q she price TO 1870 has brought
,orr lowering of prices on the part OF the small
go Concessions sre being made OF sc 10 &c
- -7i-- A canvas Of the large consuming
o.7--;es shows that The new price has not caused
-.-rsasl, and the majority seem TO believe that
"a T-5ee viii have 70 90 even lower before any
,,-es -o1raCes are disposed Of Producers hold TO
- heief tat 13iec viii be the bottom price FOR
,,-rs time 10 come Prices for copper in London
- LirFe- The European visible supply figures
.r n February ] show that accumulated stocks
= sd ashore decreased c.757 tons in January.
he trst decrease Teoli7o Lol al. AolltA SliSe sep
,s-.be-. 1877
TyTRA TOBACCO DTTIDEND-The American
-.bEc-o Cornuauy has declared the regular quar-
.,--v dividend Of o1s per cent and an extra divi-
- - -a- cent on its common stock, PAYABLE
we-ch T. Al this time a year ago the extra
dividend uas q Per cent Three months ago
- extra disbursement was ~ per cent
- ss-s7 wear Of the American Tobacco Com
-s~r : colacldtrc with the calendar year In
-GrE tne COMPANY disbursed a total of S2lz per
ra-r - dividends on SIS common stock OF this
s-,c,.-+ 10 re- cent was specified as the regular
s,-s5e75 and ccia per cent as the extra dividend.
ro- TIE frst quarter the extra was 21z per cent,
o. tie next three months per cent, while for
ne last TWO quarters Il was AZ per cent each.
cTGCENHEEJ CONPANIES--It is the inten-
.srn cf TIE GuEEeCheiTa management 10 issue
quarterly reports Of TIE earnings OF all their
rrrne~ CC-n0auv for some time past The initial
r-s-terlv statement Of the GuEEenhetr Explora-
-fu- COMPANY VIII be rendered within few days
Among Tie properties which VIII report every
-l-es -ro-ths are the Cunberlald-Ely. the Nevada
ransor5sted Yukon Gold and S&rnerican Smelters
Securities Conranv- Ultimately the American
e-eltng and Refining ComPan- Will adopt the
sane system
AMERICAN SHELTERS SECURITIES REGU-
LAR DITTDENDS-The American Smelters Sc
c--tiss COMPANY has declared the regular quar-
te-lv dividends II Z per cent its preferred
a" stock er6 q 1 = per cent on its preferred
z" stock Both dividends are payable March !.
CHANGE ~ AMERICAN CAN DIRECTORATE.
= c. Ccn-e-se has been elected a director Of the
American Can Company. 70 succeed ". 2. DuttOn.
resigned TIE hoard has organized by the re
election q th5 former officers.
GOLD FOR ARGENTJNA.-The Bank Of Com
-ns71s xii ship S25af3o gold 10 Argentina Satur-
cay This makes total shipments for that day
SShJ1. snd Jotsl If s, go since January /
Tie movement e really for London account.
-APITAL I$CREzSED-The stockholders Of
he National Surety Company have voted TO in
crease the capital stock Of the company from
Sffa % So a. The stock viii he dis
t-i51tsd 20 stockholders at the rate Of one share
for every Two shares now held
GIRGJG CONSOLIDATED BONDS-The stock
hoderE of the Giroux Consolidated Mining Com
psHy have authorized issue OF $4,000 per
o@dT r Year bonds. secured by second mortgage
90 he Nevada properties Of the company.