New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-03
TOPICS OF THE STREET.

GALVESTON. HARRISBURG & SAN
ANTONIO-A meeting OF the stockholders
of the Galveston. Harrisburg & san An
tonic Railway Company has been called IOT
May % to authorize the creation of a new
mortgage to secure an issue or slV"o,VV'
thirtyyear per cent bonds on the prop
critics acquired in 1905 and the new line
from Stockdale to Cuero, Tex, forty-seven
miles, built by the company. The properties
include those of the former New 1ork,
Texas & Lexington Railway. Gulf. western
Texas & Pacific Railway. San Antonio q
Gulf Railroad, Galveston, Houston < Norm
ern Railway and Gonzales Branch RalI-
road and the fortv-seyen miles of new line,
a total of 425 miles. The new mortgage
will provide for refundng the outstanding
bonds. the cost Of the new line and o'her
purposes
LARGER NATIONAL BANK CIRCC LA
TON The total amount of national
bank notes outstanding. according 20 the
monthly statement OF the Contr0iler S 0L rno
Currency. is 717.25s. 9e5. The total on March
l last was S710.022, SOS, and that on april l.
1909, was 1854. 407 ,615. The Increase Tor the
month of March is given as SI,255 "a. ana
for the year 49, S51 .3S1. The total amount
of bonds on deposit TO secure national Dank
notes and on deposit 10 secure pubic de-
posits is given as s131. 565910. of which SSol'-
$4,000 is United States consols of 1880
BANK CLEARiNGS IN MARCH---Total
bank exchanges in March for the ChlIeu
States, according. o to DO B. G. Dun g OF Of
1876 per cent as compared with last year
and of AS per cent compared with the
corresponding month of 1906 Ihere Is con,
siderable increase reported at cities III al
sections, and at New York City, nOtWlth-
standing the fact that speculative opeI-
atiOns were not especially large. exchanges
SHOW a very satisfactory gain over a year
ago and over 1906 At numerous ieadIhs
centres new high records were estaoiisheu-
WEEKLY BANK CLEARINGS- = The
total bank cIearings for the United States
for the week ended April ?. 1910 lone day
estirnated) according to The Financial
Chronicle" were sS$24.1ss5i2. which com
C=C
veek- and g. 500. 469 24S for the corresponding
week of last year. Compared with IdSI
year. the total bank clearings nave oe-
creased IL per cent New York city Ts-
norted a decrease OF 124 per cent. while
PHILADELPHIA showed an increase or 100 per
cent and New Orleans of 35-S per cent
FURTHER GOLD EXPORTS PHob-
ARIE-SterIing exchange was strong yes
terdav and international bankers inquired on
further shipments of gold TO London IN tne
current week. The demand Tor re1lILIa li.
for london account is active. prevailing
rates being at the highest of the year
discounts have not eased off at the Brl Iish
capital as they were expected 10 90 W. NItI
the beginning OF movement VI sO4u AO'AA
New York
LONDON UNDERGROUND RAll.W Al .
From the Semi-annual report just re
ceived by the st0cknoiders OI me nat the
company earned the full interest charges
on the Az per cent bonds for the SIX months
Sate the Earnings of all the controlled COM
NAMES show an increase over the CORE
sponding period last year
JANUARY OIL.-The wording OF the no
tice hosting January OIL for llstlnS on me
curb caused brokers some anxiety. as pOoieu
stock is not good delivery. The notiCe
states that 10000 shares have been pCOled
with two trust companies This stock Is
not treasury stock, but is stock used 10
nav for the three leases on 10 acres or
land in the North Midway Field or can
fornia. and also for paying for the three
rigs and drilling plant, one of which IS
now down go feet. All stock being traded
In in the New York market Is good de
livery.
SOUTHERN RAILWAY ORDERS
FOITIPNENT-Tne Southern Railway.
which has been in the market for SO.OOo.O'O
OF equipment. has placed part or its or
6ers as follows: With the Western SteeI
car and Foundry Company. 1000 aIl-Steel
sondOla cars and 800 ali-steel gOndola and
10o steel underframe fiat cars with the
Standard Steel Car Company; 500 au-Steel
yOndOIa and 500 ali-Steel coke cars with me
Cambria Steel Company.
INTEREST PASSED-The April 7 inter
est pavment of the Detroit. Macklnac &
Marquette Railroad land grant income
bonds has been omitted. No payment was
made on April ! last year. but 1 per cent
was disbursed on October I. In 1908 per
cent was paid on April l. but none in Oc-
tOber.
UTAH COPPER.-The output of the
Utah Copper Company for the month OF
February was 5,79S.Si9 pounds.