New-York tribune., 1909-07-17
TOPICS OF THE STREET

FOREIGN TRADING-Foreign hor...
5000 shares IN the local market al purrs- -
the London market cOnsols were loVa- -
eigr bonds were firm The general list -
important changes. and trading IN all ds1,,
was light in volume CaH money Ar .z@s
capftaI was easy and discounts were 80 80
exchange on London advanced sharplv -
was no change in the Berlin rate r-,,,ss
Steel common was a strong feature IN fbs.
curb market
BANKS LOSE CAST-Ths reported
Of currency this week indicate loss q,
by the banks Of S.75l00H The gain f-orT
terror was Offset BY the exceptionally la-~.t
Sub-Treas1Iry operations. and by zold 49, e
banks have received from the !rrsrio- -
and sent 70 the interior - So go incll5i,.,
national bank notes sent % Washinvros
demption The gain from the interior wa.
Receipts Of new gold were $4,000 ra77av
York Assay Office checks sSG600 s.,
Mint checks S1OTG and on Seattle 4s.,-
checks $500 Gold exports during -
amounted 20 8, 0G00 in coin 20 Argsntt,.
nary disbursements by the Sub Traasv-, =
Sc, ,3O0 Payments by the banks % tha $50
ury for customs. internal revenue. s 80.
demption fund. etc. were S5.702 90. sbovf--
on sub-Treasury operations proper % FIs
The total loss on Sub-TreasJIry operatio-.-
gold exports was Sl4.562. go Deductiuz -.
the gain from the interior. the nst b.
s. .75l. 600
AMERICAN WOOLLEN COlrP4Nv
SALE APPROVED.-The stockho,ds-.
American WOollen Company. at susot,f
in Jersey City yesterday. ratified the lzsus -
70 Brown Brothers & Co. OF S5.O0a00 -
ferred stock. This stock viii Be orsr.5 =
common and preferred stockholders A. "a.
rectOrS' meeting viii be held In Pos.o, :
day, a which circulars VIII be prepara5
the subscription dates. It Is proposed 49,
a director Of the company. 70 offer the 5s-
at the ratio OF one share for thirteen shsrs,
stock. payable in two fnstaiueuts or IA 80
COAL AND IRON BANK CAPITAL
trCller Of the Currency has approved tss a.
IN the capital stock OF the Coal and In, =
tiCnal Bank from 5000 % g ,o6a no Tbs -
was effected by the declaration OF a 100 -
cash dividend out OF the banks surolns 4.
use OF this money by stockholders for s,5.~-
now has $4,000 capital S21"deJ surplus an .,
10000 Of undivided profits
GRAIN EXPORTS FOR THE WEEK -
streets reports the exports OF grain for +ss
with comparisons, figures IN bushels as ~
Wheat. ioU8 included. 1851 against Lfrsf
week and f.4S2,136 in this week -as- vs7r-
year 2.ss072l compared with 1882 in ~
period last year Corn, io.I60. coutray.s4
A.. .43S last week and 72.742 in the same vssk
fiscal year. JF.5S1, against u7.s65 in the sa-s
last year
GOLD FOR THE ARGENTINE -spevs-
July q and the National City Bank VIII sh.e r.
co on the same date making total engagsrs-
the current week S7.7500'n. and a total on es
gentine movement since January I of SIS
Total 20 all countries since January l. E3z
The shipments which will be made on july
Re By the steamship Verdi OF the Lamp07t
Line and viii be the largest ever reported
single South American vessel
NEW DOWNTOWN BANK PLANNED ?
are under way for the organization ~ a new
bank 70 be known as the Prudential Bank
CITY Of New YOrk which viii be located z
downtown district, sOn1ewhere south Of Ctr
and north Of Beaver street. The incorp0ra,r
the new institution will he William Z Mover
H Sheridan Clarence FOOte Fred II. B0Tz
and Thomas Tileston.
CANADIAN PACIFIC-Nost OF the process
the Canadian Pacific sale OF S5.0o"00o p-s-
stock will be used for the enlargement Of tls
panv's terminal facilities at Montreal This
first sale Of Canadian Pacific preferred -
treasury holdings since the eirIv part Of 1915
DIVIDENDS DECLARED.-Divi have
declared as follows. Havana Electro az1T
regular quarterly 4 per cent on the common
able August II Passatc & Delaware Rairs.
ular semf-annuaI PIP per cent. PAYABLE Aug1z
SOUTHERN PACIFIC PREFERRED-Ts
ferred stock q the Southern Pacific having
converted under the recent offer OF the G-
has been stricken from the Stock Exchange lz
EXPORTS OF COPPER Exports Of coFgs
the week ended July l. were f29S5 tons zz
from July /. total exports ot 1885,. compare
S353 in the same time last year
LAKE SUPERIOR CORPORATION.-A J-
dispatch states that 50 per cent Of the Las
perfOr COrpOr7 tiOu's issue Of 5000 000 frt
soIidated mortgage bonds at q1 have beer nsz-