New-York tribune., 1912-02-11
TOPICS OF THE STREET.

RANK CLEARINGs The total bank
clearings for the United states, Ior tne
week ended February 10, 1917 Zone day I est
mated according too to Phe bSb E}hSn'iS5 eampares
with 1852 6i27SS the preceding week anu
81 l25 O79 46S for the week ended FEBRUARY ~,
1911 Compared with last week, the totdl
bank clearings have increased 81 per cent;
New York city reports an increase OF 80
per cent, Boston OF 22 per cent. ChlcasO
of l01 per cent and New Orleans OF 20
per cent? while st. Louis shows decrease
of 81 per cent.
AN-AMERTCAN BANK LIQUI-
DATION.--George c. Van Tuyl, Jr., super
Intendent OF the State Banking Department,
has announced that another dividend OF Ia
per cent will be paid to creditors OF the
European American Bank on February H.
The bank was taken over by the state
Ranking Department on August 9. 1910, ard
depositOrs have already received ~ per cent
from the LIQUIDATION bun eau OF the depart,
nent Amount Of approved claims tled
against the banks assets aggregated $lUL-
$40 The present f. per cent dividend means
a disbursement of S29ssl to depositors.
UNION FIRST MORTGAGE COMPANY.
Mortgage Company No. 66 Broadway, or
Rsnlzed under the banking laws OF the
State Of New York, have increased us sur
plus. by paying into the treasury S5OgO.
The capital Is now 100000, and the surplus
$4,000 The increase was made tc
strengthen the company and enable II tC
handle the largely increasing volume OF
business
PACIFIC GAS AND ELECTRIC COM
PANY.--The Pacific Gas and Electric Com
pany has executed general and refunding
mortgage for an authorized bond Issue OF
si50,000,0O0 to the Bankers Trust Company
Of New York and Frank Il. Anderson as
trustees The mortgage is dated December
1, 1911 and IL due January |, 1912: IL covers
gas and electric properties located IN
twenty-nlne c9unt,es, , oil the des srs'e 1i nn nnr
cent bonds have been Issued for refunding
and other purposes.
PIG IRON PRICE ADVANCE-A Con-
nectiout buyer has closed with an Eastern
| iron al sii 80 furnace. This Is an advance
of 25 cents over the last sale. New IN
quiries in the market aggregate about 900
tons, which is mostly for shipment to New
Jersey and Connecticut points.
REFINED SUGAR HIGHER-The do
nestle refined sugar market was iirmer
Yesterday, all refiners advancing prices 10
points to $50 cents less 2 per cent FOR cash
for fine granulated Inc spot ia" sugar
market was unchanged.
IMPORTS OF SPECIE,-The imports of
specie at the port of New York for the
week ended February 10 were SbZS.tH Solu
and s2l6,2 2O6 silver. making total of Sis,9lO,
against a total OF $7J63SO I'm the preceding
week and S22l G33 I'm the corresponding
week last year. Since January | the I'M
ports of specie amount to S.Jssi iOl, against
S,3SO,3 3S2 In the corresponding period last
year.
EXPORTS OF SPECIE.-The exports OF
specie from the port of New York for the
Week ended February 10 were 5,2g00lS gold
and $780, ,gli silver, making q total OF %,19j,-
a32 against a total of s2,679,355 In the pre-
ceding week and S6G0,Ul9, In the correspond
ing week last year. Since January l the
EXPORTS OF gold amount 10 si0ls6,jlO and
silver to sI,75l, ,525, against Se05S45 gold and
S54T5, ,O7g silver in the corresponding period
last year.
-, .~-1A, rnIter MnTCQ