New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-07-02
TOPICS OF THE STREET.

EXPORTS FROM NEW YORk.-The
statement issued by Collector Loeb Of eX-
ports and imports at the port Of New York
for tho year ended June 30 shows mer-
chandise imports Of SSSL76s.43 against
1895, 991 1Si last year decrease Of S4S,222, 49,
Merchandise exports amounted to S57,327,-
593, against 1854, 2SS, 235 in the previous year,
an increase of s123,03935S. Imports of gold
and silver amounted to S35, $50, 266, against
s16,6S5,552 in the previous year, while the
exports amounted to siS,S06,57, against
SIG, SIS, 696 in the previous year. Duties COL
lected amounted to $204,6O2, 729, against
Sis, ESQ, 81 in the previous year.
BANK CLEARINGS.-The total bank
clearings for the United States for the
week ended July l, 1911 zone day estimated),
according to THE Financial Chronicle"
were s3,2S1, 1854, which compares with
s., 992, 227, 272 in the preceding week and
s., 664, ,729 for the week ended July 2 1910.
Compared with last year, the total bank
clearings have decreased 1913 per cent. New
York City reports decrease of 1L2 per
cent, Chicago of 95 per cent, st. Louis OF
1913 per cent and New Orleans of Al per
cent.
ASSETS REALIZATION COMPANY'S
OFFER.-The Assets Realization Company
is offering TO investors S1,S15,OOO OF its
$40, 900, 900 capital stock. This corporation
recently converted its S5.0000O0 preferred
and 100000 common stock into one class
OF shares The old preferred stock was eX-
changed share for share for the new stock
ana a dividend of s1.5O0.000 on the new
stock was declared out of surplus and dis
tributed pro rata among holders of the pre-
ferred issue.
ERIE EQUIPMENT TRUSTS.-The Erie
equipment trust certificates for which bids
utrra cttbp cd N TburodaN will ba So =
900, 900 Az per cent notes, maturing serial
~ from one 10 ten years. The first matur
ity will probably be January I. 1912. Bids
houses in New York and Philadelphia. A
decision by the executive committee on the
acceptance of bids is expected on Thursday,
July 6.
CERTIFICATIoN .BoNDs.--The United
States Mortgage and Trust Company has
recently under its plan prepared and GER
tilted sixty different issues OF municipal
bonds. aggTegating over Si,300.O00. These
securities represent the obligations OF mu-
inequalities situated In nearly all the prln-
cipal states.
COPPER EXPORTS Copper exports for
June aggregated 81, 365, 7e0 pounds, the larg-
est reported this year, and 5,3SI,2o3 pounds
in excess Of last month. The best previous
month I'm exports this year was April,
when 62l29.59o pounds were shipped abroad.
PANAMA BONDS READY.-The new 3
per cent Panama bonds are now ready for
delivery ut the local Sub-Treasury. In the
last three days New York City banking
institutions have paid for approximately
100000 OF them.
NEW FIRM MEMBERS. - Babcock
Rushton & Co. announce that William j.
Louderhack has retired as special partner
OF their firm, and that Give Runnells and
Emanuel Beranek have been admitted as
general partners.
FIFTH AVENUE BANKS BIG DIvI-
END-The Fifth Avenue Bank paid yes
terday TO its stockholders the regular quar-
tery dividend OF p per cent and a special
dividend of l35 per cent. At this time last
year special dividend OF 130 per cent was
declared.
STOCK EXCHANGE RULING The gov
erning committee OF the New York Stock
Exchange has adopted a rule that where
a non-member buys or sells. outside OF the
exchange, securities that are dealt In on
the exchange and has them cleared by a
member OF the exchange. the rate OF COM
mission TO be charged and collected must
be u OF per cent.
DIVIDEND DECLARED.-The directors
of the Funding Company Of America have
declared the regular semi-annual dividend
of 8 per cent. payable on July 81.