New-York tribune., 1910-03-22
TOPICS OF THE STREET.

FOREIGN TRADTNCf.-Foreign houses
sold mOEe than @o00 shares on balance N
the local stock market. the sales being well
distributed over the general list.
SAVINGS BANKS DEPOSITS. -- More
money IS put into the custody OF savings
banks against the prOverbial rainy day by
the average American citizen than by the
residents OF any other quarter OF the globe
Figures made public yesterday by William
HanhaTt, secretary OF the savings bank
section OF the American Bankers ASsOct-
alton. and compiled from reports OF the
Controller Of the Currency and the National
Monetary Commission, show that the aver
age deposit I'm American savings banks IS
almost four times as great as the average
for Europe, Asia. Africa, Oceanica, Canada,
etc., and that the average deposit per
United States than IN the other portions
Of the world mentioned. The statistics
given out by Mr.. Hanhart place the total
savings deposits TN the world al $l5,.s96l2,
ol4 and OF this enormous sum Sos. l.5,5i9
belongs 70 prudent and thrifty Americans.
Of the total OF more than $llsOiN. 60 go for
the worl1 more than Sl3Oeo.e1A.e0S IS de
posted with private savings banks, while
less than s. O00. 000, GO has been paced with
the postal savings banks OF foreign cOun-
tries. One American in every six OF the
total population has money in savings
bank. and the average deposit IS S3s1 Is. In
the rest Of the world the depOsitOrs number
one 20 every eight OF population and the
figures for foreign countries show average
deposits in private savings banks Of $40
and IN the postal banks OF $40 30.
CHESAPEAKE e. OHIO "RIGHTS'-The
stockhoiders subscription rights sold on
the curb yesterday from - up TO III per
cent. The new bonds sold nom IS 10 96ia.
The total amount OF the present bond issue
being S3l.390.O0O which will be offered 70
shareholders at 93iz. will enable them 70
subscribe 20 the extent OF approximately
90 per cent OF their holdings, the Outstand-
ing Chesapeake & Ohio stock amounting
10 @2,1SS,S00 As heretofore announced, the
bond issue has been undeTWritten by a syn
dicate consisting OF j. p; Morgan q Co,
Bank.
APPLICATIONS To LIST.-AppIication
has been made TO the New York Stock Ex-
change TO list SIS. 10000 first mortgage per
cent bonds, due 1853. Of the Chicago Great
Western. S25,eO,0o0 first and general mort
gage "a per cent bonds, due 1859, Of the
New York Telephone Company, S2.00.0 .0f0
capital stock Of the standard Consolidated
Mining Company and Sl.35O000 additional
Mining, Smelling and Power Company.
OTIS ELEVATOR COMPANY. - The
stockholders OF the Otis Elevator Company
have authorized an issue of $4,000 ten
and an increase in the capital stock from
$6,500O0O To S1O.O00O0O 70 provide for the con-
version OF the bonds. The company reports
for the year ended December 81. 1903. net
iSos H.55' O' '''''' al tease 0l '-i''i' over
DIVIDENDS DECLARED. - Dividends
have been declared as follows: Manning.
Maxwell X Moore. regular quarterly IL per
cent. payable March 81: Star Products Com
pany regular quarterly . per cent on the
preferred. payable April I, and American
WOOlen Company. regular quarterly 1SG per
cent on the preferred. payable April Is.
PULLMAN STOCK DIVIDEND. - The
stockholders of the Pullman Company have
authorized an increase Of .O0O in the
capital stock, to be distributed TO the share
holders as a stock dividend at the ratio OF
one new share for every five shares held.