New-York tribune., 1910-03-25

FOREIGN TRADING Foreign houses
dealt IN about 1900 shares in the local
market. buying on balance The chief op-
eratiOns were in United states Steel
BANKS LOSE CASIf-The reported
movements OF currency this week indicate
loss In cash held b. the banks OF $50
eco. They sustained a nominal loss 10 the
interior, so that the result was chiefly due
o. the SuO-TreasuTy operations. The banks
received from the interior g. l3,c aud
s. 4fS 900 national bank notes sent 20 Wash
ingtOn for redemption. The loss To the In
terror was S165.010 Receipts Of new gold
ONCE checks. $4,000. on San francisco
mint checks $4,000. and on Seattle assay
Office checks, $4,000 Ordinary disburse-
ments by the ub-Treasufy we're SIS. $4,000.
Payments by the banks to the Sub-Treas-
ury for customs. internal revenue. per
cent redemption fund etc, amounted 10
50. $4,000, which shows loss on sub Treas
ury operations proper OF ASl9.O0O. The
total loss % the interior and on Sub-Treas-
ury operations proper was AtSi.tc0 De
Quoting the gain by new gold the net loss
20 the banks was S3320.00O Receipts came
mostly from nearby and Middle Western
points Shipments we're principally TO TIE
South. While the result Of the interior
movement is practically an offset this week.
and shipments are abCUr the same as they
were last week, IL ts significant Of the
/ spring demand that the receipts have fallen
/ on about Se,e0O,O0e
/ DIVIDENDS DECLARED - Dividends
nave utcu ucNlGINi d. iDiiDWN. +HAilNilt al
Coal Products Company, regular quarterly
1iz per cent. PAYABLE April I: Gorham Man
ufacturtnS Company, regular quarterly i 2
/ per cent on the preferred, payable april .
American Mailing Company, regular semi
annual 81 5G ON the preferred, payable May
! .: American Malt Corporation. regular
payable May 3: United States Envelope
/ Company. semi-aHnual 81 80 on the pre-
I feTred; the Associated Gas and Electricity
Company, initial quarterly IA per cent on
the preferred payable April Is First
/ United Cities Realty Corporation. regular
semi-annual 2le per cent and an extra "a
/ OF per cent On the preferred. payable May
/ I; the Mexican Telegraph Company. regu-
Is; Central and South American Telegraph
payable April 5: TEXAS and Pacifc coal
[ Company, regular quarterly Ia per cent,
/ payable March 81; Norfolk & Western.
regular quarterly I per cent on the pre-
/ ferTed.
/ OTIS ELEVATOR BONDS. Blair & @.
have underWritteu the otis Elevator Sc
$4,000 ten-yeaT debentuTe 3 per cent con-
\ vertihle bonds authc Ttzed on March 2L
\ These bonds are convertible into common
stock at par. after April A. 1913 The capi-
l tai stock was increased from S6.500.000 q
/ Sl0,O1o,0o0, 10 take care OF the conversion
/ The cOmpany's floating debt will be paid
/ of with the proceeds Of these bOndss and
/ by changing the form of the debt from
/ bills and accounts payable to bonds the
s,dHy is placed in more advantageous
| financial position. ard is thus able 10 con
serve its working assets. which are needed
I 10 conduct operations. The company has
agreed 20 maintain cash assets in excess
OF the amount Of the bonds as long as they
are alive The bonds have been offered q
stockholders at 971s
WABASH NOTES. Blair & co. and
Kuhn. Loeb 20. will Jointly take care OF
S5Ol0.OO1 Of the 5000 co Wabash a. Der
| cert gold notes due MAY I next The com
pany Is expected TO pay off the balance
II has not been decided as vet whether the
q ~ Ngaurr rrNr
Involve an issue Of new notes To run for
three years. bearing per cent interest. OF
I whether the present notes will he extended
at per cent and kept alive for that length
| OF time.
UNDERGROUND ELECTRIC RAIL
I WAYS The Underground Electric Rail
ways of London report for the month of
I February total gross earnings Of ff32 ZOO ar
increase OF f10,176. and total net earnings
OF t59.5s9. an increase Of f10620. COnDari son
being mad with the same time a year ago
SEABOARD BANK DIVIDEND UP
/ TIE directors of the ScabOard National
Bank have declared quarterly dividend
/ OF Per cent placing the stock on l. peT
cent basis. an increase Of . Per cent year
COPPER EXPORTS-Exports Of copper
for the week ended March o we're 272a
tons. Since March they were N 4f2 TONS
compared with 1892 tons the same period
last year.
COTTON EXCHANGE SEAT SOL.D.-T
Iowar Bates- of the firm of Shoemaker,
Bates & 20, has purchased a seat on the
NeN York cotton Exchange from the
estate of 4. a. Shea~sOn for Si5OOl. 'Tbe n 3.
precedils pr-ce paid tor a membership was
s1L55o.
GALI4ATIN BANK DIVIDEND IN
CREASED-The Gallatin National Bank
has declared a semi-annuaI dividend Of
gef cent, payable April 5. The last dis
bursement. six months ago. was per cent
APRIL. DISBU RsEMENTS. 1t is esti
mated that div idend and interest disburse.
mcnts due in April will amount 10 SIS Ss1
oO" against H5l,141.0O0 I'm the same month
last year