The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-09-22
FINANCIAL GOSSIP

Calumet and Arizona Copper Companv
has heretofore been producing 400 tons
OF copper monthly, but hereafter the
product viii be but 700 tons.
Goldhelds Consolidated win nav 10
cents month dividends during 1905
copper stocks in the hands of produc-
6Is now aggregate 2Q0.000.GO0 pounds
with the reduction in output, this sup
ply Will soon be absorbed
Money in Chicago ic quoted at eikG7
per cent. Crop movement at its keight
Under the plan OF Secretary OF the
1Ieasury Cortelyou, the Government de-
posts nave increased over 100000
headlng Is one OF the favorites.
pamphlet has been circulated s6-u-frc-
me strong position OF the stock even IN
tne event or dissolution OF the tie thar
pings the coal properties and the rail-
Money may be scarce and interasr
rates nigh, bat the effect mas not al
YET developed in the shape Of Increased
bank dividends.
The bank cIear{nes ~ Tho .,o,,.,.--
OUTSIDE or New York city show p sultsr-
Gld increase, but New York, because OF
I u lessened trade in stocks. shows q
10 gsr cent decrease for the week
" nile the gOod rails will ultimately
zen much higher, we have reason to
oelleFe an important recession viii Glst
take place Stocks have had a ssood
rally and important banking fnteY.asfs :
viii not encourage any riotous bulIIsb
concentrations now Besides outside
buying will not be in large volume rn-
I'll some or the disconcertinay factor,
up.
The probable postponement Of the An
aconda dividend beyond the first Of me
month viii give the bears opportunity
10 mako further attacks on the metal
stocks especially as copper prices are
sun railing Amalgamated and Anacon-
"a, we believe, VIII react materially and
alsc Smelters, although this stock is re-
Ceiving better support. We would. now
ever, consider II inadvisable to sell Inc
rails short as they are so cheap that
the risk Involved would be too great I'M
proportion 10 the profits
Longs should still take their nroffs
on bulges In this section and walt Tor
considerable setback before buyinr again
Reading and the coalers Eeneraily
should be among the leaders in the next
upturn.
A. o. Brown & Gothic stock market
was very dull Saturday morning. with
the volume OF trade extremely light. Tne
bulk o. the transactions was between
room trade and this element appeared
TO be either uncertain or indifferent
Opening prices averaged about the snnle
as fridays close, except the Cop
pers, which were somewhat weaker. bur
good demand appeared At the lower
prices AMI the shares advanced with
the rest of the hist The most notable
strength was in the local traction
stocks. Brooklyn Rapid Transit was
pushed I'D several points without meet
ing any resistance, and marlborough
Metropolitan preferred advanced iJa
points on sales OF Only SEQ shares. The
bank statement was fully as favorable
as had been expected and the condition
IS considered quite satisfactory for this
tine OF the year. There was nothing
Of consequence in the news and * looks
now as II il would ia xe DEVELOPMENTS
Of importance to start any considerable
movement In the me1 ntime The out
look seems 10 De for a rather narrow
traders market, with the railroad stocks
receiving good support on the declines.