New-York tribune., 1909-09-21
TOPICS OF THE STREET

FOREIGN TRADING.-Foreign houses dealt ir
$4,000 shares, with transactions about evenly dis
rributed between sales and purchases In the
London market American stocks were strong and
the general list was firm and moderately active
call money at the British capital was easy at IN
changed quotations. and discounts were firmer.
paris exchange on London declined, and a further
Continental demand for gold was reported. Rus
sia secured the 100000 South African gold Of
sered y the open market. The Bank Of England
sent 100000 gold 10 Egypt
VULCAN DETTNNING-In order TO set at rest
,tbck gambling rumOrs regarding the affairs of the
Vulcan Detinning Company. the management of
MANY Of the rumors which have lately been put
into circulation eSheeTanE apa & 5nis company are
S5ublic There is no combination with other COM
sens viii depend entireiy upon the condtSR
Of business during the rest OF the fiscal year
damages 90 be recovered from the American Can
compahg. n Business of the C com5ony n9 i
slightly larger than & year g agS but whether the
sermjned until the end Of the fiscal year. Di-
recSTs recssnts Which seem 10 be put forward entireis
in the interest Of stock speculation.
KNICKERBocKER TRUST PAYMENT..-The
pany hasauthorized the payment on October %
eafes Of a issued UNDER the plan for the Tesump
tion Of business. This Is the second payment of
ner cent each payment amounting 20 more than
s25OOOoG The first was made on August last;
The plsn toI I.e @ 20 oi2 90 Hlness mes paDsloeo
counts nstRlment certificates OF deposit of 20 per
@ a@SS Surplus oercates for 80 per cent
redeemable at the pleasure OF the company. No
ers until these certificates all retired The
tS o6aeSo IN thirteen months after reopening or
about sixteen months earlier than the date speci-
more = than 10000 on account OF the surplus a
certificates. making in all over sSoooo.OOO released
ATcHIsoNs TELEPHONE SYSTEM - The
Atchison. Topeka q santa Fe Railway has recently
tween Chicago and Newton. Kan. a distance OF
Of what IS being done. it being the intention Of
the railway company TO extend this service over
eighteen different divisions upon which the trains
are dispatched by telephone. IN this way $50 sta
tons are reached IN total distance of s25 miles
The telephone equipment being used was furnished
UNITED STATES sTEEL-The United States
Steel Corporation IS now operating about 30 per
tion win establish a new high record this month
n the pro69ofion 9f insots as well as PiE iron
IN the preceding month II is believed that un-
filled tonnage for the current quarter VIII show up
much larger than anticipated. II would not be
surprising II the orders on the books exceeded
100000 tons at the close Of the second quarter OF
the year
GERMAN BANK RATE ADVANCED.-The I'm
peTial Bank Of Germany has advanced its rate Of
S Gs09gRf cunt iG Tom 81 70 psr S cent cent 81, This change is
duoed from 4 per cent. and is the first advance
IN from sI ner cent ~ ~ ne er e1, s "a, ; ai NJ 20
protect GeTmany's gold holdings against our panic
ial have been steadily rising in recent weeks. and
II IS believed that the higher rates in Germany
money markets OF the world
HIGH PRICES FOR IRoN-The price OF iron
continues 10 advance and fair premiums offered
Tor material for immediate delivery The Republic
iron a Steel COMPANY has purchased 10 900 tons OF
BesseIner iron, Valley. al Sl7 80 ton, the highest
price that has been reached In the current upward
70 iuA capacity, and earnings large. This is
SAID 20 be the foundation for the advance OF sew
eral points in the common stock since the latter
part 0f last week.
NlPlSSlNG DIVIDEND INCREASED-The d.
rectors 81 the Nipissing Mines Company have de-
cared a quarterly dividend Of per cent and an
extra dividend OF 213 per cent. Heretofore the
company has paid quarterly dividends OF per cent
win per cent extra. The directors OF La Rose
Consolidated Mines Company have declared the
regular quarterly dividend of 3 per cent and the
usual extra Per cent, payable October 20.
BROAD EXCHANGE BONDS.-The Equitable
trust Company and SWartWout & ApDenzellsr will
soon BRING out an issue Of Sc 450 900 twenty year
bef cent bonds. secured by first mortgage on the
road Exchange Building and the property upon
wi-lcl II stands. The total Of issue Is only
about equal 20 one-haf the appraised value OF the
property covered by the mortgage.
TRANSFERRED FROM UNLISTED DEPART
MN secretary Ely OF the Stock Exchange an
loces that IN connection with the listing OF a. O5O
mares OF the American Woolen Company an ad5i-
uoi so 600 shares has been transferred from The
Oil4lkted department 10 the listed department
APPLICATION TO Discrimination has baep
li-aoe 10 The Stock Exchange list So 0O0 600 ten
S!!1ly year mortgage bonds Of the Mortgage Bond
Company, due IN 1866 ~