New-York tribune., 1911-01-04
TOPICS OF THE STREET

FOREIGN TRADING. Transactions for
,.rsisn account IN the local stock market
so.orInted 10 upward Of $500 shares. The
iaree- part OF the business was on the
CENTRAL FOUNDRY EARNINGS
r-bs reorganization committee Of the Cen
.-S Foundry Company estimates that the
- income Of the company during the first
.sar after the plan becomes effective will
is ssl2.O0. out OF that will have TO be paid
sa60 interest on the new A,0Oo,OOO first
s.ortgage bonds and $1,000 interest on the
Ss-I060 Central Iron and Coal Company first
..ooTtgage bonds, making total interest
rha~ges, as speciheo, OF Sl02,6O0 and leaving
ga .1O available for dividends Deducting
Z ner cent dividends on the proposed new
s,-ssferred stock which would call for slS4,-
bM there would be left balance OF SIS, 400,
s,-ivalent 70 about three-QUarters OF 1 per
cent on the proposed issue of common
fSsoitanza ion OF the new company inme-
Sisfely after reorganization win be as fol-
S,Vrs. First mortgage 8 per cent bonds, 81
naoOo: preferred stock mot eXceedingl. 81
sS6O0 and common stock mot exceedingly,
a. al 600. g total Of S9 20O,oO0 The first mort
s,oe bor5s OF the Central Iron and Coal
ttS1npany, q subsidiary. amounting TO $7l0,-
eoa are left undisturbed. so that the total
ization of the new company and its
s,bstdiaries outstanding in the hands or the
,nblic after the provision OF new money,
Ssn he So $1,000 against Ss.644.l& az pres
,rt TIE fxed charges on the basis OF the
,sS, Capitalization for the Central Foundry
5o-npary and It's subsidiaries VIII be Slp2,-
e1G against S273 Ss5 on the old basis. re-
auction Of Sl70735.
COPPER PRoDUCTION-The United
stafes Geological Survey has made public
srs 6gures on production Of copper. lead,
vinc etc. IN this country in 1910. The cop
Ter output IS given as lWsOc&OO poundS'
fennsrinE with 1l92 95l. 624 pounds in 1853.
Consunp1on ot copper in the United States
N islo was the largest on record, reachlng
r0NA00J POUNDS, and exports reacned
si-nnar figure. The above production ngures
.snresent copper produced In this country
nv and does not take in the refinery out
rjt represented by copper prodUced IN SCUM
America, Mexico. etc.
DTV1DENDS DECLARED. - Dividends
have been declared as follows: Atchlson,
Topeka q Santa Fe, regular quarterly --2
~ cent on the common. National Lcorlce
forpany, ser1i-annual 212 per cent, payapie
Isr1ia~y 6: the Western Maryland, regular
quarterly : per cent on the preferred; the
b Clahln Company, regular quarterly
Z per cent on the common, payacle jan
usrv &c: the Mohawk Minlng Company reg
,iar ser1i-annual 81, payable February J.
RAILROAD BONDS AS INVEST
,fETTS Potter, Choate & Prentice have
issued an interesting thirty-tWo-pase pam
INLET on railroad bonds as Investments,
containing a brief description OF the various
classes Of railroad bonds, together with
sv-,rra-v OF the essential points 20 be con-
tzered Il selecting such bonds for invest
rent
NEW ERIE CE-PRESIDENT.-W Will
,s-lT uarahan. formerly assistant 20 the
--ssi6e1t OF the Erie Railroad company
fas beon elected a vlce-presldent or the
company. .,-.-
AMERICAN EXCHANGE. NATIONAL
pAVK. George 2. case, OF the n-n o.
waite & Case. has been elected dlrectGI
n me American Exchange National Bahh-
NATIONAL BANK NOTE CIRCULA-
rION jim the month OF Decemoer, na-
fio,aI bank note circulation shOWSu an
l-~-pass OF Ss5Q14S. For The year tLe IL
crease was S7,S5l.l2A
NEW ICE-PRESTDENT FOR L. & \.
w J. Dickinson has been elected a
S5ce-presldent Of the Louisville & Nasn-
,.,ils succeeding A W. NOrriss, resigned.
75a win have charge Of the company
finances and be located IN the New ORR
Office Mr.. McrrlSs Is % retire lp-n ran
-os5 work.
NEW INVESTMENT SECURITIES
FIRM The Trust Company OF america
has accepted the designations or CnarlsS
E Mitchell. assistant 10 the Eres-denL
Frank L Hilton. secretary, and Frank Va.
Black auditor 10 take effect February J.
On which date they viii estaousl part
rsrsh!p for the handling Of investment Sc
CUrl-ies
UNITED STATES TRUST COMPANY
A. the annual meeting of the United states
Trust COMPANY Cornelius y. Bliss, Jr'
vas added 70 the board OF trustees cthtr
trustees were reelected.