New-York tribune., 1909-10-06
TOPICS OF THE STREET

,-,- TRADING-Foreign houses dealt in
tOIs~sSs~es IN the local market. nearly al sales
:. ne London market AT1eIlcsn s'oS.s Isle C
usI - - lower and the general list showed de-
SOS tendency. Influenced to a large extent by
eAles s,,e- tendency in the money market Pressure
the hl.e h,.,s5 in the mining department Including
Has .-,sr issues. Can money at the British cap
us - IN GOOD demand and discounts were higher
"a .l.5ing 10 cable dispatches the Continental de-
&C. for gold is expected TO continue until checked
- a. advance in the Bank Of Engiand's minimum
20 n discount
-nrrrDFNDs Observation-Disclosures have been
..Is-eS as follows: Rome WaterfoWn & Ogdens-
c. railroad Company regular quarterly IL per
-. -azshle on November Is: St Louis & San
Francisco Railroad Company; regular quarterly !
-s- cent on the hrst preferred. payable Novern-
- I. and the Alliance Realty Company regular
rusrterly per cent payable on October Is.
MOVEMENT OF MONEY.-The local banks have
-, 81 far in the current week upward OF So 500 600
= the!r operations with the sub-Treasury while
rev have sent large amounts OF currency 20 the
Nest and south The Bank Of New York yester-
ssr shipped $4,000 gold 10 Brazil.
N-r1y DIRECTOR FOR ALTON.-Tba s,o.,,-
.oI5ers ol the Chicago & Alton Railroad COMPANY
yssterday elected Edwin A. Tilden a director in
-isce Of s NJ. FELTON,. and reelected the other d.
-eoto-s Nj Tilden enters the board Il Is I1nder-
stood as the representative OF various Chicago
hanks. and o. the packing interests.
CHICAGO sUBWAY-A review Of the C-t,..-,
s.busy situation has been published by J. Thor7as
Peiuhsrdt- VINO says. among other things ..T-be
drastic decline IN the price OF Chicago e,,hz--sI,
shares 81 ti-le when the vast system controIfe5
By ths oonrany seemed after irs ten wears Of de-
,slor-ent- fJlv equipped for the large ops-atiors
so- which Il hae been destined has been a source
rot alone OF surprise but OF great disuuIef TO stock
holders ana y q more general way TO prospective
investors Whatever there may be in the back
grngnd. whatever the mystery about Chicago sinh
vsy Affairs this much is certain that rendiD1 .
dsanHe fnTouncenlent II II IS ever made. OF the
tTe state Of aairs the stock win ofTer attract
orprtuniries 70 speculate because OF its sharn
rsHes and reactions"
MoRE TIME FOR LEATHER sTocEHorn n
Fps James g. Colgate & Co arr7o1,ncs an e1+s-,
Unrl to-day of the tine within which minority
stock holders not represented by them IN the rcen,
frEauo7 over the merger of the Central and
Cuited states Leather companies viii be able to
tlrr over their holdings the same terms as
those received hv the Colgate interests
sPEyER & co. TO PAY CUBAN BoNDs-The
following 7e- cent gold bonds Of the RerubIic ~
Cuha have heon drawn called for rede-n,sjo1 an
October :. 1908 Wher interest on them vii cease.
Al the outstanding bonds of the deno-1inarieo ~
$500 $40 and $50 o. the issue of 1925 an6 ~ sIN
En6 8 q the issue OF 1857. and e3s Of the 3, ma
bonds q ~ 1896 Issue consisting OF various nur,
bers f-on q 2.lSe. These bonds, as well as the
coupon due October !. 1909. from all the bonds q.
ms issne VIII be paid on presentation al the
once ~ Snever & Co. Nos - and 26 Pine street
DIRECTORS REELECTED the anna,
-neetrEs Yesterday of the stockholders Of the g.
Lauis Southwestern Railway Company and the
Hooking valley Railway Company the retiring d.
rect7rs were re-elected
PENNSYLVANIA STOCKHOLnERs- re-
porssd nur'her % PENNSYLVANIA Reirosd stock
holders o0 August p was 5ss-T The maximum,
aarher n '@N was g N. against IS 575 IN 1902
APPLICATION TO LTsT-Auplication has beer
mace "a TIE Stock Exchange 20 list s5ss $50 add.
uonal snecisl guaranteed be+termeut stock OF tho
Ceveia17 Pittsb1rE Railway Company and
&ae7n ad0tuonal first mortgage per cent bonds
q the Nichfg7n State Telephone Company
INITIAL DIVIDEND DFCI ARED-Tbe Y-ni,af
DTy Goods ComDany has declared an initial quar-
tery dividend Of per cent. payable on Novembe
Ihe Associated Merchants Cornpanv has de-
eareo the usual quarterly IL Per cent and extra
per cent on the hrst preferred stock and the usus
y PEI cent and extra = per cent on the secon,
preferred. both payable on November I
WESTERN OPINION ON MONEY-The Ma
conal Ctry Bank OF Chicago IN its monthly cir
caaT AFTER pointing out that the banks are nov
entering upon the most active quarter of the none
market yeaT and that recent events indicate ex
Ceney interesting developments in the America
eno European situation, says: we believe tha
re tine Is near al hand when the banks are gon,
to receive much better returns from their investe
capital The outlook does not suggest real strin
sency however although II must be remembers
Kat We are heavily IN Europe's debt and that Ia
eSNs9ll-er-t finances are n such shane as Ia rem
usi necessary some inancing before long tn
-alAel mas not a sufficient surplus Of idle move
lsIe Tor these requirements easilv and AZ ~
s-F -Ine provide for the needs o. mercantile l,or
soEeTs by reason OF expanding trada- There ar
---5 slo9o0o0O0 in new bond issues 70 he nro,,i5e
- soon as the railroads and their banIini
sssociares think they see a ready marked -