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

FOREIGN TRADING.-Foreign houses
dealt in about six thousand shares IN the
local stock market, mostly sales.
COTTON CROP FIGURES-The annual
nancial Chronicle" of its estimates OF
the cotton crop of the United States for
the year ended September l last gives the
total crop as 10 650.961 bales. with exports
at 6.326, ,9aS bales and spinners' takings at
4547, ,7O7 bales, leaving q stock on hand at
the close of the year of 203.501 bales Re
garding the new crop now maturing The
Chronicle" says that as whole 1t is less
advanced than that of 199-10, or of an
average year. 1t consequently follows thdt
il Is what may be termed an especially
or late, there Is very little that can be said
at this stage of the season bearing upon
weather variations during the present sea
son, The Chronicle says: As d matter
of fact the crop situation at the moment
would appear to be promising for a fairly
Is well known. continues to make until
killing frost comes. unless the vitality or
the plant has been largely exhausted by
adverse conditions in the summer Ihat
being the case. the time of frost is an i'm
portant factor as we'll as that there should
be normally favorable weather in the in
terin With frost late. many thousands of
bales may be added to the yield On
the acreage planted the possibilities of the
yield range all the way from ten million
bales 10 thirteen million bales.
n
gauizatiOn committee of the Columbus and
Hooking Coal and Iron Company. ii is un-
derstood. practically has decided to make
some modification in the reorganiza ton
plan. This step will be taken in response
to requests received from holders of the
first and second mortgage bonds, who are
dissatisfied with the original proposition
1t is accordingly expected that a modjti-
cation of the terms will be officially an
nounCed shortly, and this will proba bly,
provide that first and second mortgage
u nAT in ~ ayT
stock. in addition to "a per cent in new
bonds. as provided in the original plan.
The time for depositing the securities ex-
pired Wednesday, but this will be formally
extended upon the announcement Of the
exchanges to be made.
DIVIDENDS DECLARED. - Dividends
have been declared as follows: The Guar
anty Trust COMPANY per cent pava bic
September so. The ContinentaI-C commercial
Bank of Chicago, quarterly 2l2 per cent.
payable October l. Norfolk & Western.
ferred. payable November Is. The Hedley
Gold Mining Company. regular quarterly s
per cent. payable October 1. Phelps. Dodge
& Co. regular quarterly 81 80, payable Sep
tember -. The Twin City Rapid Transit
Company. regular quarterly 1la per cent on
the common and Il, per cent on the pre-
ferred payable October l.
EVANSVILLE & TERRE HAUTE.-The
directors of the Evansville & Terre Haute
Railroad have declared a dividend of per
cent on the common stock. payable No
NSf1lps'T l. y year dep y per cent was pdlN
4 dividend OF per cent also was declared
on the preferred payable 2l. per cent on
October Is and 21e per cent on April l.. 1911
NEW STOCK EXCHANGE MEMBER R
Leslie Herman has been elected member
of the New York Stock Exchange
MARCONI WIRELESS TELEGRAPH
COMPANY.-The Marconi Wireless Tele-
graph Company announces that it has
opened wireless stations for public service
at Glace Bay. Nova Scotia. and Cufden
Ireland. The rate for meSSaS between
the two points will be Il cents a word. The
service has not vet been extended TO the
Continent. and for the present il is stated
messages from here will be accepted for the
United Kingdom only.