New-York tribune., 1909-05-01
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses bought
10000 shares balance IN the local market. with
the heaviest purchases in Union Pacific and
United States Steel In London the general mar
ket vas firm and prices were not affected BY tbs
provisions OF the budget affecting Stock TX
change transactions. Consols we're fractio1allT
higher Discounts were a trifs drrner at tbs
British capital Paris exchange London was
lower. while at Berlin the rate showed slight
advance
BANKS LOSE CASH-The reported movements
OF currency this week indicate loss in cash held
by the banks OF S2.47s.O00- The large loss to the
Sub-Treasury and gold exports were that much
in excess OF the gain from the interior The
banks received from the interior ss,357000 snd
10 the interior So 10000 including t2951 900
national bank notes sent TO Washington for re-
demptiOn- The gain from the interior s.
1877 O90. Receipts OF new gold amounted 10 81
IOS,000. namely: on New York Assay Of1cs
checks s1.O52. 700, San Francisco Mint checks
$4,000 and Seattle Assay Office checks. $4,000.
Exports OF gold amounted TO s2.521. .0O0 OF which
S2.02lO0O were IN gold bars sent 10 Paris ard
100000 in gold coin 20 Brazil The total loss
to the Sub-Treasury and b. gold exports
S5,7S300O. Deducting therefroun the gain from
the interior and bv new gold the net loss was
S2.47S000- Receipts from the interior. as well
as the shipments outward we're about r. 600 400
smaller in both cases than they were in the pre-
vtous wes In fact. this falling of IN the move
rnent. both coming and going. has been shown for
the last two or three weeks
GRAIN EXPORTS FOR THE WEEK-Brad-
streets reports the exports OF grain the week.
with comparisons. figures in bushels as follows.
Wheat, -four included. ss6.S12. against f.5s5TIs
year: for the fiscal year 10 date, 15a54256O CON-
pared with 17S.4112S4 in the same period last
year; corn. 644.I4S compared with 1.OSO.4os last
week and 100000 in sos: for the fiscal wear -
date 2s.2s41o4. against 44.022. .4o5 last year.
APPLICATION TO LIST.-AppIfcstion has been
made n the Stock Exchange to list $500 oaa
EiSt1, Joliet & Eastern Railway: S4S5.OO s6di-
tiOnal River and Gulf Division first n1ortEazs 4
per cent bonds of the st Louis. Iron Mountain 4
Southern Railway, and s4255.0O additional col
lateral fOTty-year 4 cent bonds OF Ffs-
souri, Pacific Railway
ASTOR TRUST COMPANY'S FIRST T1TJ-r-
DtS me Astor Trust Company declared It's frs.
dividend Yesterday with an initial quarterly Dis
tributiOn of per cent Since the Asto- Trust Corr
pany succeeded two years ago 70 the business %
the Astor National Bank, the conpany's deposits
have shown an increase from 100000 to s15 N0Nn
AMERICAN BANKERS ASSOCIATION
current membership Of the American Bankers
sociaticu is larger than at anv preceding
time In its history On May L 1908. there we're ~
members. since that time 4SS have dropped our
through failures and dslinquencfes, while ap4 new
members have been added. making a total mem
bershp Of 1o.04S.
sLoss- s-sHEFFIELD--Net earnings Of the s1oss-
Shefield Steel and Iron Company for March after
deducting interest and taxes, were 1885, This -
at the rate Of ss per cent wear on the compsn,'s
per cent on the $4,000 preferred stock
COPPER STATISTICS-Ths American Ffra-..
and Securities Company has published an interest
well known authority the subject The statistics
given on the copper industry and the information
regarding copper companies will be Of value 20
metal men and investors IN copper securities
NATIONAL GINNERS' COTTON AREA FE
PORT.-The National Cfinners' Association places
the area Of cotton this season at SnO53eaJ acres
reduction Of per cent, large part Of which IS Ia
Louisiana. Arkansas and Mississippi.
COTTON EXCHANGE SEAT SOLD.-Tha Ns=
York Cotton Exchange membership Of e.. n.
drus has been sold to b B, Bryan for s1S.Oa-
GENERAL CHEMICAL CONIPANY-A dividend
OF per cent has been declared on the corlraos
stock OF this company. payable June to stockhold-
ers OF record at o'clock p m. May y, 1919