New-York tribune., 1910-10-08
TOPICS OF THE STREET.

FOREIGN THADlNf1-fG GFeiEU nDUS-7
bought stocks on balance IN the local ms
ket 10 the extent Of 1000 shares The trad
ing was entirely on London arbiTage &c
count.
movements OF currency this week indicate
a loss in cash held by the banks OF SS.lot.-
90 The greater part OF this was 70 Ihs
interior. The banks received from tne IN
terror s6,316.Co0. and shipped into the interior
sIO,671, 600. including G.5l5,OC0 uauOnai pam
notes sent 70 Washington for rede n np%tIQu %
and 100000 transferred through the SUD
Treasury to New Orleans The loss 70 u
interior was s.. .355.0J0. Receipts OF new Soio
were s.. 2.22S 900, namely, on New YORK As
say Office checks $1,3+5.0o0. on san 4 tranclscO
Mint checks 1851 600 and on Seattle ASSAY
Ofice checks s2+D. 900. Ordinary dlsourse-
rnents TO the Sub-Treasury were SZi.IIO.oVl-
Payments by the banks 70 the SUD ! sas- a
Irrv for customs. internal revenue p PtI
cent redemption fund. etc. arnOlhteo 20
$3Os10GGO. showing a loss on SUBJ ressury
operations proper OF S.1OO.oe. Inc t@OIa. @
loss 10 the interior and on SUBJ TedstiI
operations proper was S7.455.00 Deduc1lns !L
the gain by new gold. the net loss O5 1H9
banks was S157,0oo.
NEW LONDON HOUSE.-A recent ls lssus
Of THE London Daily Mall contains some
interesting particulars OF newly --ilN5- igILilS
London financial house It says; r,Ii.sI' IL.sI9
is a new departure In the world OF b-il.sI blI-1S.
finance II IS a corporation OF poWerIu u
fnanciers formed to help the investor %
choose his investments. 70 give MIN al III
formation 70 buy and sell them IoI y LiIn. IL, -
advise him when to change them and prac-
ticalIy 20 manage them for him IneIs ar
q few undertakings in England Wnlcn a.
ready do all this. but they can scaTcely De %
described as being run Dy powerful H.i0tI-
ciers The new corporation viii not be
hanpsred by the out-Of-date rules or me
Stock Exchange committee II VIII .ll oe dole
10 approach the public TO offer its services.
to make itself known and 70 adverCse any
good thing Il has 10 offer. The name OF the
new undertaking is the British 5orsf.s 5s
capital Is f201 900 Of which about halt mas
been subscribed and about f30ro paid up
Among the largest shareholders nsure IL.s ne
names not only Of some Leading members
of the Stock Exchange, but OF such men az
J. FrfedIander. 5. p. Joel and X X HOT
lins-Tepresenting a heavy mining Inet 1n1erss.-
Then the chairman win be John K remnant
so Intimately connected with Canadian en-
terprise. who will have with him as CO
directors such men as H MAITLAND hsrsey'
q director Of the Anglo-American Telegraph
Company, and Robert Woodhouse. local
director Of Barclays Bank
AMERICAN SUGAR REFINING -
con copaslGn Sugar Refning Rein @ conpany. as Of Oc-
tober l. shows that control OF the corpor a
ton is lodged in New England AT lna'
time there were 70 175 stockholders. an IN
crease Of 10 since the beginning OF uhe
year Nearly half Of the STOCKHOLDERS ar
women There are over 1900 women snare
holders. holding about - per cent OF m Ins
cent Of the total number OF shareholders
reside in New England and own 6S per cent
holdings are less than fifty shares II Is
also shown that a great deal or stock Is pa pa
/ the hands Of trustees OF estates anu ~ InuCH
is also held by institutions for lrVesIInelI
| Much of the former large indtvfdua! noid-
! ings are understood 10 have Deen dis1rlD-
uted-
| GRAIN EXPORTS FOR THE WEEK
Rradstreet's reports the exports OF whea1
for the week with comparisons. 0EureS II
/ bushels as follows: Wheat. -four included
| 2 Se2 $50. against 2.I26.637 last week and +
eco .ko rOr-aGuOudfrlcr week last wear
, from July l, q O53, 90, cOntrasted with o.
/ 555 AS in the corresponding period IN 1912
| Corn. 435.3Z1 cOntrasted with 593.sog las
| week and 157. SD in the correspondinS Weeh
/ Of last year: from July I, 4OSl -4oZ- com
pared with 1.516.824 in the corresponding
| period in 1903.
TO SIGN ST. PAUL BONDS IN PARIS
Calvert Brewer. vice-president OF ne
| United States Mortgage and Trust Com
panv sails to-day on the DeutschIand tC
arrange for the signing IN ParIs, on Dsi.5zLl s "a.
| Chicago. Milwaukee & St Paul ttaiIWay
/ Company I per cent ffteen-year European
loan Of 1910. sold some months ago tnrouSE
| Kuhn. Loeb & Co. to a syndicate OF treIlCI
/ bankers and secured by a deed OF trJ2St tC
the United States Mortgage and Trust
Company, as trustee
| DIVIDENDS DECLARED. - Dividends
have been declared as follows: The ThO1up-
/ son-Starrett Company. regular semi -annJIa al
4 per cent on the preferred. payable No
vember % The New York Produce tx
change Bank. regular seTi-annual 4 per
cent The United Cigar Manufacturing G
/ Company, regular quarterly II per cent on
| the common. payable NCvem Der l. Inc
/ Passaic & Delaware Extension Railroad
regular se1ni-annual per cent payable
November l. The Morris & Essex Exter-
sion Railroad. semi-annual per cent, pay
/ able November l.
/ COPPER EXPORTs.-Exports Of copper
( for the week ended October s amounted 70
! also tons, compared with 5,l25 IN the same
| time last year