New-York tribune., 1911-10-15
TOPICS OF THE STREET.

COMMODITY PRICES-Co Commodity prices.
according 90 Bradstreet.s, reduced 70 LIr
basis Of au index number, snow iual lllli.
change occurred m the perlou SepleillDIll - d..
10 October j. Tn short the usudt uioIs..L' nv @
f-ures indicate that drop OF apoul one
tenth of i per cent took place WllILu q
month. time. I'm other words, the luoe4
number as Of October / works oul q,
IS sO65. whereas on september i lt $1,000 d1
ST4l True enough, many lmpoIldN ut'
essarie--such for instance az ceIeelS'
beef, milk eggs. butter, cheese So,l.---,.
sugar, tea and rtce-moVed up 20 q SIgalel
on less extent bur on the other mana de
CIfues in hogs and the products thereoL,
together with cheaper mackereL leAl.le9
and metals more than OFFSET the duNdliCyo. -
To be more specific thirty-seven arucleS
b.carna daa~er twentv-siX reCeded ana
fcrtv-three stood still, as IL We're. But lle
main fact Is that the most recent data snow
that prices. which for months pasJ Ha
been displaying rather reInSrNao,g r'l. a,e,, rai-
Creases tended 70 strike a nearly even O@i
auce IN september.
AMERICAN SMELLING OFFICERS
RETCRN-Dauiel Guggenhelm, president I
of the American Smeltlng ana hennhs
Company. is back ar his ONCE aLteI a -HIee
months trip spent in autOmODllng through
Furope He arrived on the hrOnprlnZessen
CeeiHe on Tuesday. :. w. Eccirs' vice.
president Of the American smelling ana
Refining Company. and In charge Oh the
Gucgeuheirn operations in Mexico ana
Aiasxa has returned from three months
t-in West which combined business and
recreation He said he found condluons lh
that part of the country generally Sans sdtll7
factory :. r. Guggenheim sails TOT thls
country on October Il
BANK CLEARINGs.-T total bank
crearfngs for the United States for the
week ended October IL. 1911 zone DAY estl-
mated, according 70 ~ ne il.silCl
Chronicle We're $50. 10 4i+. WAlch tlIl-
pares with S3.39+ 47Q.3A In the precedins
week and s2SS03is S74 for the week ended
October 15. 1910 Compared with last year.
the tOtal bank clearinEs have decrtased
decrease Of a per cent, Chicago OF g per
cent. Boston Of 15.2 per cent, Baltimore or
2S 2 per cent. and New Orleans Of iO.- per
cent while ST. Louis showed an increase
Of SO per cent
COTTON PRICE NOVENENT.-A new
low record In spot cotton on the local Cot
ton Exchange was the feature OF the price
movement az the close or the last week
Spots az New York selling 81 5o a oa4e
compared with S4 80 bale last year,
means a reduction Of 81 a bale in the pur-
chasing power of the producer as Wei as
iu the raw material costs 20 the consumer
Receipts for the season. at 2O34.NO bales
are less than $4,000 bales below those or a
wear ago But the price IS down So per
cent, although the quantity has increased
only 90 per cent
DIVIDENDS DECLARED - Dividends
have been declared as follows. The Dla-
mOnd Match Company regular quarterly
10 uer cent. payable December 10. The
Savre Electric Company regular quar-
terIy Iia per cent on the preferred
and 1 per cent on the common, the pre-
ferred PAYABLE October rs, and the com
mon November l. The BinghamtOn Light,
Heat and Power Company regular quar-
terly three-quarters OF / per cent on the
common. payable October l6. and regular
quarterly H. per cent on the preferred
uavable October Is. The United Cigar
Manufacturers Company regular quarterly
Der cent on the common, payable No-
vember l. The SieCel stores Corporation
regular quarterly IA per cent on the pre-
ferred payable November I.
NEW UNION FERRY NICE-PRESI-
DENT T-Wiluam II. English. vice-presldent
of the Empire Trust Company of New
York has been elected vtce-president Of
the Union Ferry Company 10 succeed Will
lam A. NasI ThGuas Blake. secretary Of
the Kings County Trust Company, has
been made assistant secretary and treas
urcr.