New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-27
TOPICS OF THE STREET.

BANK CLEARINGS.-Dun's Review says
that bank clearings reflect a fairly large
volume of payments through the banks
for the third week Of August, usually the
low water point in the year. and again
make a satisfactory comparison with pre-
ceding years. total exchanges last week
at all leading cities i'm the United States
being s. 309, O44 f35. a gain of a. per cent.
compared with a year ago. but loss OF
l64 per cent compared with the CORE
spOudiug week I'm 1909. Most OF the cities
show larger exchanges than last year,
notably New York, Boston. Baltimore
Cincinnati. Cleveland, St. Louis, Louisville
and New Orleans The loss compared Win
1909 IS due almost entirely 10 the large
loss at New York, cities outside New YORK
reporting in the aggregate on! a very
trining decrease of 03 per cent, and TINS
decrease is mainly due 10 losses AT fhlla-
delphia and Chicago.
NEW CENTRAL FOUNDRY SECURI-
TIES READY.-it is officially announced
that the securities Of the Teorganized Cen
trail Foundry Company Will be READY lot
delivery tomorrow at the Office Of the
Central Trust Company TO holders or GER
tifcates of deposit representing per cent
sinking fund gold dehentures and other
claims against the old corporation which
have been allowed iu the bankruptcy pro-
ceedinCs and to holders Of certificates OF
deposit. representing shares Of the pre-
4 ferred and common stocks upon which all
assessments nave Dten paul
DIVIDENDS DECLARED. - Dividends
have been declared as follows; Th n,r NeW
regular quarterly II per cent, payable Oc-
tober .: the Erie q Pittsburg Railway,
regular quarterly IA per cent payable sep
TENDER %: the Republic Iron and Steel
Company. regular quarterly IL. per cent on
the preferred payable October .. the Min
neapolis. St Paul X Sault ste Marie, reg
ular scmi-annual 3ie per cent on the com
ftrrI 4m RI
able October 16: the Manhattan Railway
Company. regular quarterly ia per cent
PAYABLE october .; the Metropolitan West
Side Railway. of Chicago. regular quarter
Is three-auarterS OF ! per cent on the pre-
ferred. payable September ]; the Atlantic
Coast Line Company, OF Connecucut reGu-
lar quarterly PIP per cent. payable Septem-
Der 9. Sears Roebuck d Co, regular quar-
terly ia per cent on the preferred, pay
able October !.
LONDON UNDERGROUND MEETING
The half-yearly meeting Of the Under
ground Electric Railways Company. OF
September 10. Notice IS given that hold
ers OF the income bonds who desire 10 at
tend the meeting must either, not less
than twenty-four hours before the time OF
holding II, deposit at the registered Office
of the company a statement in writing
giving the denoting numbers and denomi-
nations Of their income bonds. and produce
such bonds at the meeting, or they must
the following The London County and
Westminster Bank. Ltd, No. a Dothbury,
London. z c.: the New York Trust Com
psny. OF No 2s Broad street New York;
iszard Speyer- Eliisen. Frankfort on Main.
or the Associate Casa. Amsterdam.
PUGET SOUND DIVIDEND.-The d.
rectors OF the Chicago. Milwaukee & Puget
Sound Railway have declared dividend
Of 81 per cent, and not one of 2.3 per cent,
as stated in this column yesterday. This
calls for O distribution OF g, 10000, which,
having been made payable on June 30 last,
becomes available for inclusion In the &C
counts Of the parent company for the ifs
cal year ended on that date. the st Paul
holding the entire sl00,Oo0G0) stock of the
Puget Sound Company.
SAFEGUARDS FOR MUNICIPAL
RONDS.-The Knickerbocker Trust Com
pany. Of this city. has issued n booklet ex-
planning a system for the preparation and
cerfincat!On as 20 genuneness of municipal
bonds which is designed as a protection
against possible duplication. overissue or
forgery This system relieves the officers
Of MUNICIPALITIES from many Of the bur-
densome details Of bond issues, while II
adds safeguards which, IL Is believed, will
make municipal bonds so prepared and GER
tilted much more attractive TO investors
and thus widen their market and increase
their selling value.