New-York tribune., 1911-09-02
TOPICS OF THE STREET.

FOREIGN TRADING Foreign houses
sold inward Of 10000 shares IN the iocai
stock market, the larger part or the DUST
ness being in United States steel common.
BANKS LOSE CASH.-The reported
movements of currency this week inalcs'o az
"A loss i'm cash held by the banks or III
600, 600 which, however, does not lncIude
the transfers made through tne iad SuD
from the interior s12,112,0OO and shipped
into the interior 1884, 900, including W.
sos. 900 national bank notes sent 70 wash
ington for redemption The gam rom aIS tnS
gold we're sl.46S. on New
York Assay Office checks, 81 l0l 900; on
San Francisco Mint checks, sSos.ooo.. aGo and
on Seattle, ASSAY Ohice cnecks, ,2S.Uov.
ury were sl0,l1S,000. Payments by the
banks to the Sub-Treasury for customs.
internal revenue, per cent redemption
funds, etc. amounted TO sl7,l06.oOO, show
Ing a loss on Sub-Treasury operations
proper OF s69S7 900. The total gain from
the interior and by new gold amounted 10
S6.9S6,0OO Deducting this from the loss
on Sub-Treasury operations propero,o EN- 'ne
DIVIDENDS DECLARED. - Dividends
have been declared as follows: The Chi
cago & Eastern Illinois Railroad Com
pany, regular quarterly / y per cent on
the preferred payable 0ctober r z; the ssntar Mar
quarterly 2l1 per cent and an extra 4 OF
i per cent. payable September 30; the
Goidheld Consolidated COMPANY regular
payable October 81 the Chesapeake g.
Ohio, regular quarterly ~ per cent pay
able September 30; the Safety Car Heat
ing and Lighting Company. regular quar-.
Chicago e Eastern Illinois Railroad. regu-
lar quarterly ~ per cent on the pre-
ferred, PAYABLE October q the Kansas
City. Fort Scott & Memphis, regular quar-,
certificates, payable October 2; the Cellu-
loid Company, regular quarterly ~ per
cent PAYABLE September 16; the Guggen-
helm Exploration Company. regular quar-
Yukon Gold Mining Company, regular
quarterly per cent PAYABLE September
go, and the American Beet Sugar Com.
pany, regular quarterly 70 per cent on
the preferred PAYABLE October 2.
TRANSFERS OF CURRENCY:-The
Sub treasury has transferred 100000 70
Chicago and s1,5o0Olo 70 San Francisco
for account Of local banks. The $4,000
transfer is 70 account OF the National
City Bank. and is In connection With the
Chicago Elevated merger financing. Toward
the end OF July similar account for the
same purpose was transferred to that city
The transfer Of $4,000 TO San Francisco
is somewhat remarka ble, with New York
exchange there at ~ cents premium. II APP
pears. however, that the transaction has
nothlng TO do with the relative demand
for funds on the Pacific Coast. but Is
special operation and Is caused py tne
tuition for transfer TO the credit OF the
Treasurer of Hawaii 1t is semi govern
ment transaction.
GRAIN EXPORTS FOR THE WEEK.
Bradstreets reports the exports OF grain
for the week. with comparisons, figures IN
bushels as follows Wheat. flour included,
307S'75i, against 3.422 t76 last week and
,9A.lsS in this week last year; for the iis-
cal year to date, 28,22i,aSi, compared with
2,2s5,573 in the corresponding period OF
1910: corn, 129, ,773 contrasted with 329.6l0 last
week and 26.+OS in this week a year ago;
for fiscal year to date. 4,475,t@. against
2,3l2.45 In the corresponding time In l9ll'
OBSOLETE SECURITIES. The second
volume OF "Obsolete Securities" compiled
by r. NJ Smythe. has been issued The
book will prove a valuable addition to the
libraries Of bankers, brokers, financial In
stitutions In general. lawyers executors Of
estates. and, in fact. to every one directly
or Indirectly interested in vested funds.
EXPORTS or COPPER. Exports of
copper for the week ended August 81 were
6,303 tons, making since August ] a total
of 27,s93, against 1896 tons In the same
time last year.
ANNUAL COTTON EXCHANGE FIG
URES.-The annual cotton crop figures OF
the New York Cotton Exchange for the year
ended August 81, 1911, follow: Receipts at
ports. Ss52,235 bales; overland to Northern
mills ana Canhud, sW,oil paies' ooutnelt
mill takings. less H1oo bales; taken from
ports. 2,253,032 bales; total crop, l2,0i93S
bales
CENTRAL OF GEORGIA.-The Central
of Georgia Railway Company has declared
Interest at the rate OF per cent on the
first and second preference income bonds,
and ASS per cent on the third preference
income bonds, payable October 2
NEW COTTON EXCHANGE MEMBER.
Forrest S. Miller, OF Memphis. has been
elected a member OF the New York Cotton
Exchange.