New-York tribune., 1909-09-09
TOPICS OF THE STREET

,zoRrTGN TRADING,-Foreign houses bought
rsr5 OF twenty thousand shares in the local
ug.-tet In the London market American shares
- h. irregular. without any of the weakness noted
me preceding day. though no importan,
os-,rpth Nss reported. The general list was 5ull
:. ~nsu price changes. with slightly lower level
- consols At the adjustment OF tie account IN
80 foTrnighty settlement the lending rate on Amer
srsn stocks advanced 10 per cent though the
sont stock banks continued 10 lend al per cent.
paris exchange on London was lower also the Rer-
m rate There was a strong Continental demand
COTTON CROP OF lsOs-'Oa.-..The Financial
chronicles" statement OF the cotton crop Of the
y-nited States for the cotton year ended on Sep
smber ] shows a total crop OF Is, ,S2S,Sa6 bales,
against u.6slS1s bales in the preceding year. The
tofal receipts at the Atlantic and Gulf shipping
rcrts this year have been 9s49.470 bales against
tG5as bales last wear 7 l67 bales in 1906 o.
ana the exports have been S5S207S bales against
ESss0B bales last season and S527.22S bales the
preceding season, Great Britain getting of this
rrop S.5s5,slo bales. Regarding the crop now ma
tuTins The Chronicle" says: "As regards the
ton crop now maturing, and Of which a limited
quantity has already been marketed. there is but
litue Of positive nature as 10 the extent Of the
yield that can as Yet be said. The promise is
hardly Up 10 the average Of recent years. But the
paut IS stl growing, and will continue quite gem
orally 10 make fruit until killed by frost; that
The yield this year depends very much upon the
tine Of frost Should il he early, estimates of
materially curtaied yield that have already been
even if IL occurs at an average date the Weld an
acre is likely 10 be below the average. But with
frost delayed and normally favorable weather con-
suue6. there j. yet possibility of a pretty fun
CROP iu most sections 1t IS an undisputed fact
that an uncertain disappointing promise at this
date has often been largely improved by favorable
fall conditions and late frost. and, on the other
hand. excellent early outlook has, as the result
of adverse weather after September ], been turned
into season Of poor yield. such being the eX-
peenoe OF former years the folly Of an early crop
estimate this year becomes apparent. Yet such
estimates or Euesses more properly speaking. have
been the feature of the season, and some were
as a.
been ascerts ined-"
YUKON GOLD OK PER CENT BASIS. r.
Cgggenheine, president of the Yukon Gold Com
pany, announced yesterday that the directors had
placed The stock on a regular quarterly dividend
paying hasis at per cent year The first divi-
dend viii be paid on September 50, 1903. to all
stockholders Of record on September l.. Supple
u1entinE this statement. the president Of the com
pany said: 1.-THE action of the board Of directors
IN placing this stock on regular dividend paying
basis places the securities OF the company IN me
IN, estulent class. This year the company could
not operate much more than so per cent of the
capacity of the mining apparatus and machinery
row installed I'm the Yukon field The new water
supply system VIII be in fun operation early next
spring and the plant in fun operation. our en-
cineel-s are certain that the output Of gold for
1910 viii be about Double this years cleanup
There IS no question that during the season of 1910
tho company viii be able 10 take out Of the ground
ri least $500 900. The life Of the property will
he more than fifty years. there is enough high
grade Eold-beartng ore in sight 10 keep the equip
Tueut al work during this period
DIVIDENDS DECLARED.-Dvidends have been
declared as follows; American Surety Company,
regular quarterly p. per cent, payable September
81: Chicago. Rock Island & Pacific Railway, regular
ouarteT'v Is. Ter cent. PAYABLE October l; Rubber
Goods misunderstanding Company, regular quarterly
=. per cert the preferred payable September
=. West Jersey & Seashore. semi-annual 2le per
cent. an increase Of = OF / per cent over this
period wear ago; American Beet Sugar Company.
regular quarterly 11a per cent the preferred
rsysble October !; Western Union Telegraph Com
ra1y. regular quarterly ?. of l per cent
EFEENE GOLD DEVELOPMENT Subscribers .
n the stock of the CiIeene Gold Development Com
navy are requested hv J. Thomas Reinhardt 10
s-rzr5 3 meeting 10 he held on Thursday after
noon. september Is. at 3.3o o'clock al mo. /
MISE street room No. 7o5. New York CITY.
CUBAN BONDS OVERSUBSCRIBED- sub /
t-iptiou lists for the $5.500O00 Republic Of cuba
a. per cent gold bonds have been closed by Spever
4 Co. the entire amount having been many times |
oyg-slhscrfbcd.
PRoEERs VACATION-Arthur c. Badeau. Of /
Frederic n Hatch & Co of No. 80 Broad street. /
h1s gone for three weeks trip in Canada.