New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-09-07
TOPICS OF THE STREET

FOREIGN TRADING.-Foreirn houses
IA ehout lo,o00 shares OF stock on balance
- this market Purchases were very
small
ssve been declared as follows: New York
Scesntral & Hudson sSiver Railroad Com
many, regular quarterly IA per cent pay
We October 10 Chicago, Rock Island &
BOZ, Railwav Company, quarterly Il. per
sssnt, payable September 50. Chicago, Bur-
lVngfon q Quincy Railroad Company. regu-
IT. quarterly per cent payable Septen-
"a * irwin City Rapid Transit Company,
sIes ,,Isr Quarterly III per cent on the com
mon and IA per cent on the preferred, both
nsvable October >. Intercontinental Rub
Ser Company regular quarterly ia per cent
on the preferred, payable september 50.
Did Dominion Company, quarterly 80 cents.
Savable October 6. Old Dominion Copper
Nning and Smelling Company, quarterly
q share, payable October 5. Copper
Pange Consolidated Company, quarterly 10
cents share. American Smelling and Re-
enirg Company, regular quarterly ia per
rent on the preferred and per cent on the
common. Subway Realty Company, regular
quarterly Ia per cent. payable October 2.
GUARANTY TRUSTS NEW OFF,
rERS-James ". Pratt has been elected
yice-president and Robert II. Cox assistant
secretary OF the Guaranty Trust Company.
THE CHRONICLES COTTON EST
sMATE.-"The Commercial and Financial
Chronicle" has issued It's usual annual est,
rate Of the cotton crop or the United
states for the year ended September l,
.pll the figures being Y, 1882 bales, while
ners' takings 4.5s4.007 bales. leaving stock
on hand al the close OF the year of 225,2lO
bales
ELECTED a DIRECTOR.-Frank r.
BALDWIN has been elected a director Of the
American Hide ard Leather Company, sue
eeeding Car A. &c GersdorfT. resigned. The
other directors have been reelected.
BANK CLEARTNGs FOR AUGUST
Bank clearings for August according 10
the statement compiled by r. G. Dun <
Co. which includes returns from H. lead
lag centres. aggregate Sl2,54l,3l3.S24, an
Increase OF 81 per cent as compared with
the same month last year, but a decrease
. OF 81 per cent compared with August, 1909.
This Is much the best comparison with
last year for many months, and while there
Is a pronounced loss compared with two
sears ago, II is due almost entirely TO the
smaller total at New York City, good gains
being reported by the ma jority Of cities out
side that centre. AT many important cities
TIE totals reported are much larger than a
wear ago, the gains being especially salts
factory at New York. Boston, Baltimore.
New Orleans and some other points in the
East South and Central West. clearly re-
iecting improving conditions in those sec
tons. In the New England states slowly
increasing activity. as indicated by larger
solurne Of bank exchanges is apparent, and
furingheid Worcester, Hartford, Lowell
md Holyoke The comparison at most
rcirts with 1909 Is also very satisfactory.
While losses, compared with last year, are
still shown at a number Of cities IN the
snddle Atlantic states. there is much evil
fence Of improvement, the decreases IN sew
oral instances not being quite so pro-
bounced as a while ago. while numerous
tnau gains are reported, notably az Phil
sdelphia. Pittsburgh Scranton, Buffalo, AL
hsny Rochester and Binghamton, and
host cities report gains over 1909 Inc
large ma jority Of the cities IN the South
Atlantic states make a favorable compar-
that are reported are more than onset by
the gains so that the total shows a large
Increase over both last year and 1909. IN
the Middle South generally prosperous con-
e{tions are reflected in the larger returns
Tran either last year or 1909 at many lead
Ing Doinrs The exhibit by the cities in the
central states IS the best for a consldera-
BE period. mainly owing TO the improved
Showing by Chicago and a few other i'm
LortanT points, and gains are still made
cve~ both wears by the majority Of cities
Included in the total for that section. IN
re West unsettled conditions are reflected
in the contracted volume Of bank exchanges
~ some leading centres tributary 70 those
POINTS awaiting more definite assurances as
60 the outcome Of the crops. but this u
satisfactory situation Is partially onset ~
the favorab BILE statements made BY st. Jo-
seph Des Moines. Davenport Cedar Rad
Pacific Slope the returns are favorable. the
total being somewhat larger than either
previous year.
FRANK A. HORNE A DIRECTOR
Frank A Horne. president OF the Mer-
chants Refrigerating Company. has been
elected q director Of the Fidelity Trust
COMPANY.