New-York tribune., 1910-08-12
TOPICS OF THE STREET.


dealt in less than 1J.es0 shares IN ths tocai
stock market, the larger part or tns uah~
sactions being on the buying side
JULY BUILDING STATISTICS Fs-
ports of permits for new buildings iSSu-f3
in the city of New York and twenty -st>1
leading. centres i'm various sections Of ths
country according TO statistics compiled
tv r O. Dun & Co. aggregated in July
SO AZ. .776. which compares with 80 hsZi,''s
for the same month last year-a loss o9
23-2 per cent The report tudlcateS gene -
contraction in building operations In a.
most every direction only nine cltles SNOW
ing an increase. none OF Whlch va c1
notable amount on the other hand- -
many points reporting losses the decreas@1
is quite small, and at no point OUTSIDE NeP
York city are the smaller returns sUfhctent@
Il pronounced to call for special menftOn5
in fact bv far the greater part of the poor
showing for the month rests with the lass
named city IN which marked declines o0@
CURED in every borough. In the 3orcus1s
Of Manhattan and The Bronx the total for
July this year was only $s.0ll.5-J. against
S17.121,S9 a year ago, a loss Of 80 per
cent. and though the loss IN BROOKLYN aR9
Queens was not 20 pr0nounced Lne totaE
for the entire city makes an UnfavOTa ola
comparison with last year. aggregatlng for
the four borOughs only N24s3,223. against
S2i. 10. 90 A loss of 40 per cent. which. os
course. has materially adverse effect upon
the total of all the cities making returns-
GAS SECURITIES COMPANY. The 6ia5
Securities Company shows IN Us Sec0n1
annual report total assets of s2,2SS.Sl an
increase Of S949.9S7 over the preceding yeaIs
and a profit and loss surplus OF Si7'',sA:
an increase OF $50. So Since the close c6
the fiscal year ended June 81, 1872. ths
COMPANY IN addition to lis regular CsSfS
dividends of : per cent a year on its PFe-
ferred and common stocks. has declared
two common stock dividends Of 100 per
other on March : 1910. Increasing the total
outstanding common stock to $4,000. TI8
increase shown in the statement OF S8-,.953
in the profit and loss surplus shows thai
the earnings of the last fiscal year weF5
equal to 2S2 per cent on the present corn+
mon stock outstanding: while the tOta.
surplus OF 1.JO9 01i IS equal To t93 per cent?
the en- tire outstanding capitalization
both common and preferred. or at the rats
of 43 per cent a year earned on the present.
total capitalization during the four and
one-haif years since the cOmpanys organ
ization-
AMERICAN STREET RAILWAY M
EESTMENTS.-The 1910 edition OF ''Amer-
lean Street Railway Investments, whicFt
has just been published by the McCiraw
tatns an enormous amount Of statistics
and iuforme ton concerning the financial
and traffic results of operation of electric
railways In this country 1T Il the severn
teenth annual edition Of this work of ref
erence and contains more detau nSureS o6
earnings, expenses and traffic that are OF
interest and value TO holders OF securities
of these properties than have been avail
able in preceding issues COmbtnatiOA
of the gross revenues OF ten large COM
panieS and of twenty smaller properties,
made in order 70 indicate how we'll urban
railways sust aimed their gross earning
power after the panic of October. 1871. re-
vealS interesting results Gross earnings
a gam or zt-9 per cent over Es2- IhH
twenty smaller properties gained in gross
revenue in 1859, compared with 1875, % 8
MIAMI To INCREASE CAPITAL
Stockholders of the Miami Copper Com
pany are TO be given the right TO subsCri0s
for stock TO the amount of 10 per cenc
of their present holdings at about si1 y
share. An officer of the company says tn9
price will probably be slightly above Sli
The directors have authorized increase
of 100000 shares in the capital stock OF th5
company. making the authorized caplIas
$4,000 shares. par value s.. As there ars
now outstanding little over 600.G0 shares.
due to the fact that some of the S.5t4e1o
bonds have been converted into stock az
81 "A share. the Offering OF new stock VIE
call for a few over 60.dsu shares. This WIZ
leave in the treasury for future require
for the conversion of bonds. about dl 20
shares. made UP of II, 100 previously au-
thorized but unisSued. and about 4ONt
shares which viii be left from the -H,SS
increase.
BUFFALO. ROCHESTER PITTS
BURG-The income account OF the Ed-
the year ended June 81. 1910. shows gross
earnings OF SS,9S6.I11. compared with s.
ldSsI in the preceding year; :. an ana 1,e m ~
1909. After other income and the deduc-
tion OF taxes. interest, rentals and apprO-
priatons there was a surplus availa39
payment of the preferred and common
dividends a surplus of s4ls617- The bal
equal to ner cent on the common.
DIVIDENDS DECLARED. - DIVIDENDS
have been declared as follows; Nationa.
Biscuit Company. regular quarterly - -
cent on the preferred payable August -.
and regular quarterly liz per cent on 10
common. payable October 10. N, McArtnsII sIf.1,II
81, per cent on the preferred, payable sep
tember I: General Electric, regular 49s
terly per cent. payable October /: Hone
stake Minins Company. regular monthly
80 cents. PAYABLE August .