New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-09-24
TOPICS OF THE STREET.

DIvIDrNDS DECLARED.-Divid
have been declared as follows: me C e,Iels
and South American Ie, oont ppavable Oc-
toher = the Mexican Telegraph CVInp"nI,S
regular quarterly 2R per cent, pay 49, - nv
toGer "A. the Porto Rico Railways NoI,IP Ga
initial quarterly per cent o, ~, nnrnferred.
regular quarterly IA per cent on preL.iii,Ios
rayabie October 2: the Electrical Utilltles
CORPORATION regular quarterly " pei tbe
on the preferred. payaDle CorpDanv reeu-
lar quarterly 10 per cent on the hrst pr
ferred and three-fourth OF per cSnt u.
the second preferred, payaDie Comnanv
the Kansas Gas and Electric CoIipdtuie
regular quarterly 1% per cent, payapIe
October 2; the Continental Paper Bas Co .n
Lany regular quarterly lH per cent Oh t nnr
preferred 2nd common payaule - Com.
81. the Reece Button Hole Machinery III
nsnv regular quarterly ] per cent payt9p,e
october 16. the International Button Iloie
sewing Machine Company regular quarterly
nor cont payable october IS, and the
| Eeece Folding Machine COMPANY res Es
Quarterly per cent, payable OCTOBER ID
FAILURES FOR THE WEEk.-Com,
mercial failures for the week I'm the nlted
States. as reported by r. q. DUN o.
arc 2l2 against IA i'm the previous weeh'
| ia the preceding week and 23 the CORE
spending week last year. - Faiiures III
| canada number e. against 10 I'm the pre-
vlous week. 10 the preceding week anu 10
last year. or failures for the week IN l tHe
/ 1 .
/ 70 West and % I'm the Pacific states ana ~
Tenort liabilities Of 5000 or more against
! 9S last week. Liabilities Of commercial lall-
IRE, thus far repo sd 597 sS5 r for the same
period last year.
! OCTOBER SEMENTS.-DlVldend
| and interest disbursements Tor OCTOBER ar
estimated by The Wall street J0urt iSa 40
| exceed sl3S 6OOO00 Dividends will be $lZ, 800 ,
! 1875 greater than interest charges DIVIDEND en-
disbursements will approximate .SOVgy9y0o,.
| made up as follows: Railroads w, 1921
industrials and miscellaneous, $iZ,95st,Sa,o.L !.
| electric railways, S5.l0i300: New York CITY
| banks and trust companies. si,3SLZD. ne
entire capitalization upon which the &C. olFl-
dends are based amounts to S'SJ5'"l'Zoo'
BANK CLEARINGS.-The total BANK
clearings for the United States for the
week ended September p, 1911 zone day esI
timated). according to The Financial
Chronicle" were s2938 724,37S, which com
pares with 1902 ISL 39 in the preceding
week and 81. 100. 44S,21S for the week ended
September "a. 1910 Compared with last
year the total bank clearings have IN
creased 10 per cent New YORK Clty oi Tie
Of l42 per cent and New Orleans of @.3 per
| cent.
ST. LOUIS SOUTHWESTERN'S YEAR.
! 1t Is understood the St Louis Southwest
! ern Railway Companys annual report,
which will be ready for distribution early
next week viii show surplus or ~ Zl9,Uo
after all charges and income bond interest;
This Is equal TO sos per cent on the sZVVVV,VOu
preferred stock. In 1910 the surplus was
ISIS, f66. or equal 10 IS per cent on the pre-
ferred.
LOW AVERAGE PRICE FOR COPPER.
IT is stated that some Of the copper pro-
ducing companies that settle on the basis
| of average prices received lZZO cents q
Mound for their copper last week. the low
! est for many months
APPLICATIONS TO LIST.-Applicatlon
| has been made TO the New York Stock tx
! change TO list s12,000,O0O per cent conVertl-
| bl debentures Of the Texas Company, due
I'm 1881. and $2O,0O0,C00 preferred stock and
500. 900 900 common stock OF the BALDWIN Lo-
| connective Works.