New-York tribune., 1911-01-31
TOPICS OF THE STREET.

FOREIGN TRADING. - Foreign houses
sold upward Of 500 shares on balance In
the local stock market.
KANSAS CITY SOUTHERN.-In conncc-
tion with the announcement OF the sale TO
Ladenburg, Thalmann a. co. OF s5.OyC,OOO re-
funding and Improvement mortgage per
cent gold bonds. part OF n total authorized
Issue of 81 100000. OF which 100000 was
err Railway Company makes the follow
ing statement: THE present issue was
made with the object OF carrying forward
the work Of improvement The moneys
realized will be devoted to the removal.
rearrangement and enlargement OF one d.
vision terminal remaining to conclude the
rearrangement, the further reduction or
ment the purchase of heavier rail, ballast
ing, the Improvement OF track and bridges
etc"
AMERICAN INSTITUTE OF BANK
ING.-The tenth annual banquet OF the
New York Chapter OF the American tnsti-
tute of Banking (Which Is a section OF tho
American Bankers Associatiom will be
held at the Hotel Astor on February 5.
Among the speakers will be a. Piatt An
drew. Assistant Secretary OF the Treasury.
on Americas Banking Problems; Dr.
Charles r. Needing, on "A Present Day
OF the National CITY Bank. New York, on
Loans and Discounts: the Rev. DR.. j.
s. Kittell, pastor Of the First Reformed
Church. Albany on The Moral Dividend
~
''The Pursuit Of Happiness.
ONTARIO & WESTERN BONDS.-The
New York Ontario & Western Railway mas
made application 10 the upstate Pubic
Service Commission for autnorlzatlon 10
issue 81 10000 4 per cent coupon bonds un-
der its general mortgage. The bonds are
to be issued TO reimburse expenditures
made and TO pay for construction or Ten
road engines and two switch engines, Tor
which contracts have heen made. In the
petition for the bond issue the company
saws that between February ]. lUf. an1
December T. 1910. II has expended OUT OF
income and other moneys in It's treasury
81 ,5i 453 for the acquisition or properly;
construction. completion and extension and
Improvement Of it's facilities other IMAM
maintenance of service and renewals.
HARTMAN EARNINGS INCREASE -
The Union Pacific Railroad reports for the
r,onth of December an increase In gross
earnings Of S32.5iS ard an increase III "a "a
earnings o. S379.s2s. The Southern Paclnc
COMPANY reports for the same month an
increas SO in, gross Of $40, i2s and an increase
in net of @.272 The earnings reported
compare with the same time year ago.
DIVIDENDS DECLARED. - Dividends
have been declared as follows: The Cen
eral Chemical Company, liz per cent on
the common. payable on March /; the Grip
le Creek Central Railway. regular quat-
terly per cent on ihe preferred payanie
on March /.
TRI-BULLION SMELLING. AND De
TFLOPNENT-The Tri-Bullion Smelling
and Development COMPANY reports for the
YEAR ended October 81. 1910, net income
$40 2si. against s72,3a IN 1879. eXpensd.eed
,inon tho DEVELOPMENT OF Keby mine. 81
Si4: in ls0a. 500. 80: balance 5000. against
S42. .epS in 1so9: proht and loss surplus DC
tober 81 1910. s92,696.
CLEARING HOUSE NOTICE.--The New
York Stock Exchange Clearing house an
rounces that there will be q special clear
ing OF contracts for the City of New YORK
az per cent when issued corporate stock,
due March J. 1850 tomorrow ~ noon.
Tickets must he exchanged before f1o ?.
m. to-day