New-York tribune., 1909-01-01
TOPICS OF THE STREET.

FOREIGN TRADING-Foreicn houses dealt in
1900 shares IN the local market buying 300 shares
on balances In London the general market was
firm. Cousols were strong at advance Of 4.
Money was IN fair demand at tho British capital.
rates remaining At the level Of the preceding day.
ne halN OF Elgla't made no change In its mini
-I.ulI Tare Il discount. The weekly return Cf The
institution showed percentage Of reserve to a.,-
ity Of 3IJ5. against BE- IL tins time last year
DIFInENDS Observation-Disclosures have been
declared follows: The Delaware. Iackaya ma
* Western Railroad Company. regular quarterly.
y per cent. payable January 20 the =. ". Bliss
Company. regular quarter-yr PEI cent on The pc
ferIed and - per cent the common payable
January =. the American Glue Company. regular
semi-annual. 81 share the preferred. payable
MOVEMENT OF MONEY-The reported move
meuts OF currency this week indicate n gain In
cash held uy the banks II 55508.3oo which $3.50
so came tTom the interior The banks received
the interior 5io76fooo and interior
S5se21g" including $'"tgyO gold coin TO Canada and
s2.7-7F@ national bank notes 10 Washington for
d~InptiCu. Receipts Of gold were $1,000.
Ordinary disbursements by the Sub-TTeasury were
$--,o-9.-" Payments by banks % the suD-Treas-
uiy Tor customs. internal revenue, per cent Ie-
demItlOn FUND, etc, Trre S22,-J$,Gt'. The gain
Suo-TTeasury operations proper 5000. Tho
receipts from tie interior were the largest for any
week since July 81
PROVISION MADE FOR THE INTEREST
Funds nave been pledged by the bondhoders' com
IuItre- of the Toledo Railways and Light Company
10 take OF the interest due January on the
underlying bonds Of the company. The semi an
nual amounts 10 about $4,000. and Will be paid,
therefore, a. usual The interest the first mort
gage 4s which defaulted last July Will CON
uuue IN default
UNITED STAES STEEL.-The production Of the
United States Steel Corporation the last year
averaged about - per cent OF normal This means
an output OF aaout SIX million for the year.
Production early in the year got down low as
20 yer o. normal. compared with approxi-
luateIy - per cent at the present time No pro
uouuced increase il orders production IS looked
for in the future. Earnings for the year
VIII run about so, ,G0Uc'tO. = decrease Of about $O
c2O00 from the preceding year.
APPLICATIONS TO LIST-Application has been
made TO the Stock Exchange to list securities as
follows $l9,o22ooo additional first refunding mort
gage per cent bonds OF the Southern Pacific Rail
road Company and sI2 r00O00 first mortgage 8 per
cent bonds OF the American Agricultural Chemical
Company.
NORFOLK & SOCTHERN.-Swartwout & Ap-
penZeliar have purchased the entire issue OF Nor
folk q Southern Railway receivers certificates
amounting 100000. The CerIhcates draw .
Der cent and run for year, with the privilege
Of one wear renewal. They will shortly be offered
10 the public and probably the issue price viii
be l"ea4.
GRAIN EXPORTS FOR THE WEEK.-Brad-
streets reports the exports OF grain for the week
with comparisons, figures in bushels. as follows:
Wheat -four included, 8.1l661, against 3,u-i7Si
last week and 5ll9394 in this week last year; Tscai
year Il5 81. .024 Contrasted with ll4&367 in 1901.
Corn J02J 495. compared with 9S5.30Z last week ana
- 6sl In this week OF 1897; 1Scal year 4"oo1 TO-
against 24.S47.6Z7 last year.
BALTIMORE & OHIO.-Nitheut any substan-
t'al tnprovegnent In the volume of traffic, the
baltimore & Ohio's income has been such in the
fret half Of the present fiscal year that the COM
pany will be able to put back into the surplus the
81 37S 700 taken theTefrom TO pay the regular dVi
6ends on the common stock last year. besides pay
ing the per cent dividend out of the earnings Of
tho last six months.