New-York tribune., 1912-02-04
TOPICS OF THE STREET.

RANK CLEARINGS FOR JANUARY; =
Bank exchanges at all leading cities IN the
United States for the month OF Jdhuat ,
according to the regular statement i toill-
piled by r. G. Dun & 90, o,srngaie Mfitcn si5 6S7
A60TQe a gain of 46 per cent as compared
with the same month last year, put s IoSs
of 1l.9 per cent in comparison WIN the CGi,. co
responding month in 1910. New YORK Clty
makes a fairly satisfactory EXHIBIT COIL
pared with last year, which is esPScdIy
gratifying as operations In the STOCK anu
other financial markets TINS year meac Ttl
ity however, in this respect during Jan
uary, 1870 swelled bank exchanges In lnal
period at New York, hence the untaVoraDle
comparison with that year EXCHANGES IN
outside cities while showing rather more
irregularity than IN recent preceding
months on the whole are fairly Well mann
talned there being a gain in the totaI OF
SO per cent over last year and gam OF
6.3 per cent compared with 1910. IL is prop
able, moreover, that the volume OF Danh
clearings was adversely aHected pS tne
extremely unfavorabe weather conditions
that prevailed in many parts Of the coun-
try during the last month.
BANK CLEARINGS.-TOta bank clear
ings for the United States for the week
ended February q 1917 zone gay estlndogtoI, l,ote !,
were 1856, ,249,401, which compares with SS,-
577, O2S for the corresponding week OF
last year Compared with a year ago, the
IOIdl Udnk ClcdIlISS IoNO NCNlNoSNN W. 20
cent New York City reports decrease
of 81 per cent Philadelphia OF 5.3 per
cent and St. Louis Of n per cent While
Boston shows an increase or lfS per cent
and Chicago Of S.S per cent.
ST. PAUL EARNINGS-T Chicago,
Milwaukee & ST. Paul reports for December
a decrease in gross earnings OF SlOS, ana
an increase in net Of $45S,l72, comparison
being made with the same month in l9lO.
The Puget Sound extension of the st. Paul
shows an increase in gross OF Sl4i ,58I, and
q decrease in net Of $52,2l7 for the same
month
AMERICAN PIANO CoAlPANY1oIF it's
the American Piano Company reports
surplus earnings after pei. cent pre-
ferred dividends of $112,696, equival-
mon stock, against $169,1O5, or 5.S3 per
cent. I'm 1910. While gross sales reached
$313SOO0, or slightly in excess of the pre-
vious record of $3100.G0O in 1903, there
was a smaller margin OF profit owing 10
increased selling expenses.
NEW FIRM FORMED.-A new firm has
been formed under the name Of Taylor &
English. with offices in the National City
Bank Building TO do general inVestment
business, specializing in bonds suitable for
private investment The firm is composed
of Horace Russell Taylor. who was for
merly with Fisk G. Robinson, and James
Radford English, son of William II. Eng
nsh, vice-president OF the Empire Trust
Company.
AUGUST BELMONT & CO.. S NEW OF
FIcES.-August Belmont & Co. will take
possession Of their new Offices at No. AZ
Exchange Place on Monday morning,
IMPORTS OF SPECIE-The imports OF
specie at the port OF New York for the
week ended February were 1885, 40 gold and
1863 go silver, making a total Of $756, ,SSO
against a total Of 1892, 16S in the preceding
week and s3O0,971 In the corresponding week
last year. Since January l the imports OF
specie amount to 2,740, 491, against &,lO8, IiS
in the corresponding period last year,
EXPORTS OF SPECUE.-The exports OF
specie from the port of New York for the
week ended February were 10000 gold
and $624, ,236 silver, making total OF $62tg6o
against a total Of 81 ,602. 900 in the preceding
week and 1865. 100 IN the corresponding week
last year. Since January the exports oi
gold amount to 81 S42. .l8 and silver TO $3.50
LJe. against $S76, ,245 gold and s4,975,G76 silver
in the corresponding period last year.