New-York tribune., 1911-12-03
TOPICS OF THE STREET

poNp MARKET CONDITIONS. - In
..t- recember bulletin Spencer Trask
q cav. THE average price Of twenty
g rsnresentative railroad bonds at the
IA Of the month was 9lS1l. as compared
,.;,b o. q45 for the same month in 1910 and
as for the same month In 1909. While
,5is does not indicate an advance I'm prices
- sensational type it nevertheless
shows that the general trend has been
inward Analysis Of prices OF the smaller
,.s,,os of public service corporation ana
industrial bonds indicates an aoVan,e ol
considerably more substantial nalul'' -
AZ has come 90 hC fecoEni1eu luat -
trdfvidual investor has now couhneu IL
attention very largely 20 sccurues OF ,,'
i9sf-nau1ed type and for this reason tue
ABSORPTION of now issues has oe'u 49, 49,
large Institution buying of active 80
las been a very decided factor pm lnt a,,,,,,c 49,
advance, and with a probable contIlu'l'.;i ~ :,
r,cnths further appreciation IN prices MAJ
reasonably bc expected.
NOVEMBER CLEARINGS.-Totsl bank
exchanges for the month Of Novenoe' aO
m leading cities of the United states az
eordinr 20 the statement compiled oy H.
q Dun & Co. for Dun's REVIEW W WIllh
includes returns from ll- CeuueS oao7e.1llo,
gate Sl29i2.F19. $50. an lncIea7S ~, '-oI+b
,,.' ~ hiT u loss of SO per cent as
CCu10ared with the corIe7pohulue H!u'Iy
g. 1900 At New York tnere Is = Ias
per cent over last year. WhilH ~ "a
..tsbI,- better showing than was made
h, the preceding month. anq WINE tne
inrrosSe is % some extent aIe 10 NltI =
active stock market opet ett,l3iS, l. " az ~
reflects expansion iu regular business Op-
Crations outside cities also make "a
voratlo comparison with year aE9' Will
8 cain of rrr cent and several ciuos
|s.n D.
lossee now make gains. on tho other hand,
.Ie los con7rarrd with 1909 IS not large
end 30 is accounted for almost cnurelE oy
.ra smaller returns az NrW ork CITY ,
t1e majority or the cities outside that
centre reporting more or less expansion
DIVIDENDS DECLARED. - Dividends
rave been declared as follows: The Morris
Z Essex somi-annual 5ie per cent payable
January Q: New York Lackawanna *
Western quarterly IL per cent payable
January o. Swift & Co, regular quart terly
:. uer cont. payable January D. the Porto
ric0 Steamship Company seml-anhual :
Ter cent. payable December lh, Lhe 'iyue
Steamship Company seml-anuhaI. - PEI
cent payable January lA- the l.. !. ~
pant De NemouIs Powder company resu-
lar quarterly . per cent and an extra
per cent on the common, pasd94e beSvi-l. ~
her I5: the American Car and FounorN
C0-uuauv regular 14a per cent on the pre-
fa~~ed and 8. of I per cent on the com
mon PAYABLE January ]; the auey iei i-
road seml-annual ~ per cent. paydDIe
January g.
NORFOLK d. WESTERN.-Apparently
lie increase in Norfolk & Westerns com
mon dividend rate 20 s per cent year
las caused conversion Of the company
Z nor cent 1925 year gold bonds into COM
mon stock AZ a rapid rate. or TINS lSsu,
s 5T401l bonds We're sold. $l+'4i-,Vp oI
which have been converted into common
~
amount outstanding Sl+S0r. on June
..f. last there were SlI2N5.V) or THESE
lords outstanding. indicating q conversion
of 55N1.Do0 BONDS into STOCK SlH'S t..a VIC
date on this basis the common stock oli-
standing on December 4 would oe $a'-fl'-
on whereas with the fun conversion oL
bonds into stock there will oe OUTSTANDING
81 $4,000 OF the common issue
IA ROSE OCTOBER PROF1TS.-The
profits OF la Rose Mines. Ltd. I'm OCTOBER
amounted 10 S-5.5f1, compared with proh's
Of S44..-s in September ana SS9,2-l lA Sl- -f,L-
gust TIE CoupaDv'S production On trtpotl
Was g--. 500 ounces OF silver, having gross
value of Sl3t.o45. Other income brought 1i.e
total up 20 Sl4l.&o5. Expenses ainous..s9l q, 10
S,5.-44. leaving the operating pro1tS ''.2 !. .
From January . 20 November j. -'ll. .IS
rorluavv produced ".o--.3>5 ounces Nai-ru
a. SI5s54of. Income from other sources
amounted 90 Sl4.6-3. IAl.enses were soVf.-
e59. leaving Tie operating prohl iof ne YEN
months &se5.1.S. or nearly 100000 month.
BANK CLEARINGS The total bank
c.sa~ires for the United states for the week
ended December % 1911 zone day esu-
raredI. according 10 "The Financial th~on-
#.-a' We're So g0H hul .Nst which compares
with S&.-0l.f-..-o. 'n me preceding "Trh
and &.N224,s54 for the week ended De-
.euber 3, 1910. Compared WITH Iast eaI
the total bank C'earInES have decreased l+.t
Der cent NeU York CITY shows decrease
ur 1872 p-r cent Boston NJ 1876 per cent
I.rI-. s.. "t.H .