New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-03-24
TOPICS OF THE STREET.

April, DISBURSEMENTS. - DIVIDEND
and interest disbursements for April are
estimated BY THE Wall Street journal III
excess of $40, COO. This is about SloOoV'-
900 lees than those for the same month
last wear. Interest payments are about the
same. but the industrial dividends sho"
large decrease from those Of April l9ll'
Total dividend payments will approximate
| SIS. 0OOO. made UP as follows: Railroads,
! $50 $50 SIC: industrials and miscellaneous
| S34 b5l 4sl; street and electric railways, 30
| O53 9ig and New York banks and trust com
panies 81 $4,000 Interest payments are not
so large as dividend disbursements. They
! amount to $50, 207, 09S railroads contributing
over three times as much as Industrial COM
panes. Interest payments are made up az
| follows: Railroads, s3S9l3,9S2 Industrial
| and miscellaneous, $40, 7O29e2; state and city
| bonds, excluding New York City, s. l52 ,045;
New York city alone, $4,000, and United
States government bonds, upon which
quarterly interest payment is due, $3,El ,2Sl;
| OF the New York City payments $40,cO
will fall due on April ], and during the
month 100000 will be paid on temporary
| loans.
DIVIDENDS DECLARED - Dividends
have been declared as follows: The CONT
mental Paper Bag Company regular
quarterly lIR per cent on the preferred and
| quarterly 1h per cent on the common, both
| payable March %; the American Coal
per cent on the preferred and 19t per cent
on the common, the preferred payable
| April Is and the common April /; the Long
Island Loan and Trust Company regular
quarterly 3 per cent, payable April /; the
| National Park Bank, regular quarterly
per cent, payable April l. the Hanover Ma
| tional Bank, regular quarterly per cent,
payable April l; the Seaboard National
! Bank, regular quarterly 3 per cent, pay
able April /; the Massachusetts Lighting
Companies, regular quarterly Ia per cent
payable April 10; the sealshipt oyster sys-
tenn regular quarterly ia per cent on the
preferred, payable April 10.
GUARANTY TRUST COMPANY.-The
net deposits Of the Guaranty Trust Company
OF New York as exhibited in It's statement
Of March p 1912, just issued in response to
amount to over sl7S,OOO,ClO This total is the
largest ever reported by any trust com
pany in America, and Is a gain OF $22,OCOOOO
over the figures reported by this company
on the occasion of the last preceding call
Of December q. 1911.
PEORIA e. EASTERN TO OMIT IN
| COME BOND INTEREST Peoria &
! Eastern Railway Company. II is announced,
has decided not TO pay any interest on
| April on the 100000 non-cumulatve In
come bonds from the earnings of 1911, as
! H. was not earned: In 1911 and 1910. and
also from 1902 to 1908, per cent was paid,
but no distribution was made in 1900 The
( Peoria & Eastern is leased 10 the Big -Four
. Railway
CENTRAL FUEL COMPANY.-At the
request of interests representing a large
amount Of the Central Fuel oil Company's
/ first mortgage 8 per cent convertible gold
bonds, Philip Lehman, Harry Bronner,. Ed
ward II. Clark, F. y. B. Close and Alvin
/ Untermyer will act as committee 10 safe
guard the interests of the bondholders and
to prepare a reorganization plan.
BANK CLEARINGS.-T total bank
clearinGs for the United States for the week
ended March 2. 1912 zone day estimatedl:
according to The Financial Chronicle"
were 49, ,I30,47S which compare with
I q. 296 225.9Sl in the preceding week and 81
1888 665 667 for the week ended March O.
1911. Compared with last year, the total
bank Clearings have increased 1871 per cent
New York City reports an Increase % per
! cent st. Louis OF 2S per cent. Chicago or
! Philadelphia OF IS per cent.
! ANOTHER ADVANCE IN COPPER
! The United Metals Selling Company has adj
vanced the price OF electrolytic copper TO
! 1874 cents a pound. This is an improve
ment OF = cent within two days. No Of
! fetal cables are received on Saturdays
from the London Metal Exchange. Private
cables yesterday morning. however, SAID
that there was keen bidding for the com
modify and that sales were made a f6S fiat,
an advance of Il 5s from Friday.
EXPORTS OF SPECIE.-The exports Of
| specie from the Port OF New York for the
week ended March 3 were S60,0)0 gold
| and &T,693 silver, making total or g.
| 81 693 against total of 81 ,l27 ST. In the pre-
ctulnB week anu SlsVtS,ioo III tue NOl 4tslO'iu-
! ing week last year. Since January | the
/ exports OF gold amount to Sl9,447.670 and sill
| yer 10 Sl09l4,S2s against tl2,226,5 sos gold and
sllS75,9l5 silver in the corresponding period
J last year.
! IMPORTS OF SPECIE.-The Imports OF
| specie at the Port OF New York for the
! week ended March % was Sll $50 gold and
silver msk iT9S "a tota al OF sSSdgz
week, and sS4s,3T I'm the corresponding week
| last year. Since January | the imports OF
| specie amount to san T4l, against A,3f,-
| Az in the corresponding period last year.
UTAH AND NEVADA COMPANYS
| PRODUCTION Copper Company's
| production for February totalled S,6l2I29
! hounds The Nevada Consolidated Com
pany's February production amounted to
/ I, GO -an