New-York tribune., 1910-09-08
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses
sold upward Of Ten thousand shares on
balance in the local stock market
AUGUST FAILT RES-Whie, as d whole.
the failure record Of August as reported
TO r. c Dun q Co. is fairly satisfactory.
Yet IT exhibits d number Of differences not
mixed conditions OF general business The
total numb Of failures for the month
<-s compares with 81 IN 1909, l,19S IN 1903
and S5U IL 1901 The number Is less than
Tor any other month Of this year. with
the exception of Nay and June The total
Liabilities OF August were 81, -. .G65, com
pairing with Sl1.l1t.5l6 in 1903 and So, 81. .37S
IL 1868 The la abilities are S1.32I. z83 larger
than in August, 1909, and $lL3z0.3l5 less
than In 1893. The total liabilities for the
month compare with SIS. I90. I53 in July, and
II Is important 10 note that while the Au-
gust Liabilities were less than in July this
year they were much heavier II August
1903 and 1903, than IN July of those years
In fact the total liabilities of August are
less n ali but six OF the preceding thirty
months
IRON AND Steel, EXPORTS AND
LIPORTS--Advanc sheets from the
monthly summary of commerce and finance
Of the Department Of Commerce and Labor
give Total iron and steel exports, not in
clcc-ng ore as Sl5l9S.l2 for July, 1910
against 81 S56.7-2 the same month last year
and Tor The seven months ended July 81.
1870 as $l2.alS 5sI- compared with $50. SIG, 465
Ia the corresponding period last year and
etl--tt -tl IN 1865 TOUal iron and steel i'm
ports. not including cErcnate Of iron and
500 90 N the same month last year. and
for t-e seven months ended July 81 1919
s2=--e5s2S. - compared with SI5597.523 II
The same period last year and S1I.9S3. 10
EXPORTS AND IMPORTS OF COZ
FEh---adFanCe sheets from the monthly
summary Of commerce and finance Of the
department OF Commerce and Labor give
exports OF copper not including ore for
July 1915 ss Sl.07s, l5o, against $10,4 SOC in
the same month last wear and for the
fzaFT Fr-T~
as compared with S55.9E3 0S4 II the CORE
spocCl1s. period last year and S5T.G11.507 in
ls4 & Copper IMPORTS are given al s2.120.-
80 Tor July, 1910 against g 606.1T6 for the
same month last year and for the seven
months period ended July s.. 1910 S17757.-
6Sl, as compared with SI7.9l3. 797 for the
corIeapc1dlng period last year and Sl0+82,-
6s7 II Ig0S.
DIVIDENDS DECLARED - Dividends
have been declared as follows New York
Central d Hudson River railroad regular
quarterly Ia Pc cent payable October Is.
-nterporOugl RAPID Transit Company, reg
ular quarterly pa Der Cent, payable Octo-
cer l. The American Tobacco Company,
LFSa-af quarterly IL per cent payab bic
OCTOBER l. the Subway Realty Company.
le-Llar quarterly - Per cent payable
October J. the american Snuff Company.
regular quarterly 3 per cent and > per
cent extra on The common. payable October
l. and the regular quarterly ~ Per cent
On the preferred payable October 1; Ameri-
can S-12elClnE and Refining Company, regu-
lar quarterly 12z per cent on the preferred
sud per cent on the common the latter
payable October = and the preferred OCto-
Ler l. Chicago & Eastern Illinois Rail
road, regular quarterly H. per cent on the
preferred. payable October !.
TIE STEEL 1IARkET.-There has been
Z moderate Improvement in steel orders
since rle first OF the month. bur not IN SUI
11clenT volume 10 JUSTIFY an opinion as 10
the course Of business for the fulI month.
The steel plants VIII have TO increase their
business materially this month in order
70 keep gD their present rate Of operations.
Should the mills receive orders in SsepTerI
in steel production VIII not De pronounced.
The last quarter of the year is generally a
DOOR one. 50 far sS earnings are concerned.
SO that a sh-inkaSe from the tliTd quarter
VIII be II order.
COPPER TRADE CONDITIONS. - The
demand foI copper has fallen OF materially
ana concessions are being made in prices.
So far the reductions have Deen small
amounting to about &c from the high level
CE 15&.e q Mound Producers and selling
agencies regard the reaction as natural, as
II follows The tremendous sales made IN
August.
AMERICAN SMELTINC AND REIN
ING.-At the annual meeting Of the Ameri-
can Smelling and Refining Company the
directors We're reelected, with the eX-
ceptiOn of Anton Eilers. resigned The
vacancy vii be filed IN the near future
CANADIAN PACTFIC--The Stock Elk
change announces thar all transactions in
Canadian Pacific Railway subscription re-
further notice must Be 81 fun paid re-
cefDt~.
AMERICAN HIDE AND LEATHER
Al the annual meeting Of the American
Hoe and Leather Company the directors
were reelected.
received $5oa.ee) in gold bars from Mexico
YESTERDAY.