New-York tribune., 1909-10-05
TOPICS OF THE STREET

-.,rrcN TRADING.-ForeiEn houses dealt In
20 shares IN tho local market, all sales. chiefly
- T-nited States Steel common In the London
@ o-ref American stocks showed a reacuonary
ms. - while tho general list was heavy. with
l.sr-e IN the winiuE department. including the
- issues Nonev al the British capital was
coz ,,z Indications pointed 70 higher rates Rus
- ss-,lred the South African gold offered in the
=. ,n5on market. and the Bank OF England
ssst fssoao gold 10 Egypt il IS not unlikely that
TIRE bank VII ADVANCE - NaO'-'' 'a'e DeAoie 'iie
- q, the month
p.ezK CI.EARTNGS FOR sEPTEMBER.-Bsnk
,.e-srrs for September continue TO exhibit re-
e-i-s1,e Gains as compared with the corresponding
-toz IN preceding years and the large payments
l,o,~r The banks. incident TO the opening Of the
su trade testify 10 satisfactory volume Of bust
-ess Total exchanges for the month, according
:. ,ba statement issued by r. q. Dun & Co. in
,,strr all cities in the United States and embrac-
-rs leading centres. were Sl3 4ss -. .sS2 an in
- - ~ eis per cent compared with the cOrre-
o-sinc month last year, and Of 7.5 per cent COM
-,5 With 1906 Almost All cities report gains over
Is wear but at New orleans, Louisville and San
F--rrr.sco there. are sun sfnaA losses compared
- rQr rejecting local conditions The large in
-oese az New York City is 10 greater extent than
- q reflection Of conditions in general business
= Tbaf centre stock operations do provide
81 large q proportion of payments as in some
former wears
PTTTsFURG. FORT WAYNE & CHICAGO.-A
n Kid6er GO. are offering seven hundred shares
= ,he Fittshurr. Fort Wayne & Chicago Railroad
-e~ cert regular stock guaranteed by the Penn
s5rsr.a Railroad Company The fact that the
s--sa5 Indebtedness 0f the road viii soon be eN-
,-rushtG the great intrus.C value Of the Pitts
t,--r Fort Wayne a. Chicago Railroad. the per
s-1sl guarantee OF the dividend ny the PennsAl-
-s-a Railroad Company. and the n0n-taNahle feat
ne al tne stock combine - make II peculiarly well
s5srtsd f7~ The investment of trust funds.
TFTE EFHoNE BOND SUBSCRIPTIONS
~rnSrD.-It Is stated al The Office Of Kiddcr-
p-s 7,lv a 60 thar there uil not he public offer
,-c az she new S-5G11ao bond issue hy the New
v9-k Telephone COMPANY Private subscriptions
,o the new issue nave been Sc heavy that The
e. - 90 allotment handled by hidder. Peabody a
- has been heavily oyersubscribed- and therefore,
subscriptions have been closed The remaining
Sa5s.7t1 rr Tre issue is being f0ated in Europe
fr Barring Bros 4 Co, Ltd, of London. The
awards 81 81 stated. VIII be auuor0ced within the
rezt few DAYS
rRTCrFLE STEEL DIVIDEND. D.-The report Of
fscsI year ended August alr 1919, shows surplus
after me payment of dividends of 81 465,I05 This
compares with deficit iu the preceding year. The
-ar--r savF- 'Ir is hoped thar the regular nav
r-err g. per cent VIII he distributed the pre-
.e-red stock in December" The last dividend paid
Rss u per cent
DIVIDENDS DECLARED Dividends have been
regularly quarterly i. per cent on the common.
rsyahIe November Is. National Carbon Company,
cuarTe-.v ii Ter cent an increase of a Of per
cent Northern Pacifc, regular quarterly IS per
cent. payable November ].
APPLICATIONS To LTST-AppIieation has been
made 10 The Ne- York stock Exchange TO Iist the
fcll0vlnE securities Cleveland & Pittshurg Rail-
road. s7f-7p additional special guarantee better
ueut stock -le Michigan state Te ephone Com
psrv. 2s'1s') additional first mortgage per cent
bonds, due ia 1921
ELECTED a DIRECTCR.-Carl ". K!mhau has
Baak "a 1l the vacancy caused by the resignation
OF ;. Sa---s