New-York tribune., 1907-08-17
TOPICS OF THE STREET.

FOREIGN TFSADING--Foreign houses bousAa
upward of 15Ooo shares in the local market In Lon
don the general market was firm and consol. u.r,
Ii.,ber bat there was genuine liquidation for BAr-
lin account and investment selling Of American g.
curitfes Discounts were higher Joint stock bank.
were not active in the discount market. hut III.
Bank of ENGLAND did fair business at IT'S n4v
rs4c ToD,hard Street is hoycottinz American ua
rr Paris exchange London advanced. WIFI.
The Berlin rate also was higher Prices IN.
Paris Fourse were heavy and at Berlin firm.
MOVEMENT or MOSEY--FSeported nlove1n.n,,
Of currency this week indicate gain in cash hsIs
by the banks of si1t,S0o. They received from n.
interior b s25 leo and the interior s7o4saa
including Sz75eso transferred through the Sub
Treasury to New Orleans and s. .6920fa national
hank notes sent to Washington for redemption
The loss to the interior St.2232o Receipts q,
new gold were 81 al sra, namely on New York AS
say Office checks Si.0fs.100; on San Francisco Nin.
checks S9f7.3i0: Seattle Assay Office checks sS-
200. Ordinary disbursements BY the Sub-Treasury
were S2f 3S4 400. Payments by banks 20 the Sub.
Treasury for customs internal revenue rsr es,,
redemption fund. etc. were S2lssL0f The loss on
Sub-Treas1Iry operations proper S39s.a0 RA
CENTS from the interior were slightly larger rhao
last week while shipments fell Off S1.S0000G Evf
IDENTIFY the large shipments Of currency 10 the IN
terror during the preceding week supplied the most
urgent wants. as was Indicated by the advance IN
domestic exchange earlier in the week. The bank,
which make speciality OF mercantile accounts re-
ceived considerable amounts Of currency from all
sections Of the country and the shipments o1 thes.
hanks to the interior light In the aggre9st.
bv far the largest amount Of receipts came from
nearby and Eastern points Shipments were Iars-
est 10 Boston and Philadelphia ana some good
amounts went South. IN addition 10 the rT5n9
transferred 10 New Orleans through the Sub
Treasury
COPPER TRADE CONDlTlONS.-vaksr's
conner letter SAYS: There was no change thfs
week in the outward appearance Of the so-caIsd
deadlock in the copper market. but there good
indications that adjustment OF prices viii
he arrived at that will be satisfactory al con-
cerued At the moment il is not possible 70 fore
east exactly what the new schedule Of prices viii
be- but it will probably be on basis near % cents
and at all events not below 1s cents pound for
sIectroIvtic copper The feeling among the pro-
ducers this week is better than II has been for
long time The consensus of opinion seems TO bs
that the new basis OF prices viii BE- established
probably within the next two weeks. and that
large buying movement in copper VIII ma Hs an
pearance with It. The producers also state that
when the basis OF prices Is settled It win D.
maintained for SOME time 10 conc. While tlr-
ther adjustment of prices IN copper IS pending he
leading producers maintaining their prizes
1oninaIIv Al % cents for lake 2154 - cents
a pound for eIectroIytfc copper Consumers phs
have been in the market during The last two weeks
state that they have been unable 10 obtain round
lots of good brands Of eIectrolytic copper az ls~
than q cents. and that they have paid that prics
fo- It Some small scattered lots OF an inferior
grade of electTolytlc have been offered under Y
cents a pound b. certain speculative interests L
i- believed that these offerings are made for The
effect Of giving a seublance Of reality to the QUO
tatious published by the New York Metal TX
change Consumers who have tested the marked
state that they cannot get copper from any sourc.
on the Metal Exchange quotations Many OF the
members of the New York Metal exchanges stats
that the quotations copper sent OUT from that
institution fictitious and that their publication
should be discontinued
DIVIDENDS DECLARED Dividends have been
declared as follows National Enameling and
Stamping Company regular annual . per cent on
the preferred payable IN four quarterly install
ueuts; Barney & smith tar TO- regular quar-
+erIy- per cent on tho preferred. parable SepteH
ber and regular quarterly per cent on the COM
mon, payable September In, American GRAPHIC
ruE-- H.lwrnr rr- r-
fHe common PAYABLE September l.; Federal Mining
and Smelling Company, regular quarterly les per
cent on the preferred and regular quarterly II
rer and extrs, IL per cent On tne common
payable September T.
GRAIN EXPORTS FOR THE y WFF-FI--"Brsd-
strccts reports the exports of grain Tor the vess
with comparisons. figures IN bushels As foloVs
Wheat flour included. 29tgtS- against ,-'-ssS as
week sS S54 in this week last year and SeSs5l n
1871: for the fiscal 70 date, 1sslll compared
with It92S22J IN 11s-T and 4-3345S m E9l-c'
CO.. 141 791 cortrasted with 1.1g7S21 last week.
and 55 ~ in 1as-: for the fiscal year 20 date. hIl-
$50 against of11o IN I9o5~UL
REPORT OK COT-TOS-8Tiss Giles Issued he
ususI senni-rnonthIy cotton report yesterday Il
saws in part that present county returns from
tb, cotton belt indicate deterioration compared
with July -. Of 1 per cent. making tne aNeras-
condition 15S Der cent as agalrs, 90 pe - = ~
weeks ago 7SS per cent one month aSo a-iu y "
cent last year. Tie situation. taken as N1ols' =
disccuraginC- The crop over the greater par V-
the belt il having desperate Strugsis % n'aA7
auvthiuE, like d normal showing
! No ACTION ON CHICAGO GREAT WESTERN
t,r,t-FERRED "A.''-AccOrdiuE - the lalesl %
vfcos received here the finance Connlttee OF US
/ chicago Great Western Railway company n Lou
J,r has not taken final action with respect 20 las
7,v vrneut OF a dividend the preferred \ S.osA a
n fS stated positively. however tIat aetlon ~ -
,aksr during the present month. but 80 iar u - -
I teen Impossible 10 4sSiH J+SN '''''- ~
| purposes TO do
BIC LONG ACRE ELECTRIC Al, CON NFHAC!,. . -
I telegram from Providence. f l., says InaN -. -
American and British Manufacturing Coiip - -.
-, = Contract 10 equip and coTnplets the sntlrs
e1-+ri-aI r,lant OF the Long Acre EieclrC - -
,,y power Company. controlled by the Al4nnat s
transit COMPANY II is expected 'AaI u uIe - ,1,
/ i,,,-oIved in the contract will approxin1aIs s0N
I Coo -- 1r.x-
( pROpr-CE EXCHANGE MEMBERS 49,. ~.
I r-I-rp I1OIIDAY-A petition has been rrs1,
f,,.5 t,y- the members Of the New 1orR FiOos :.
/ I-,--, requesting the board Of Managers 20
! Isa th, exchange on the Saturday P1S0oN
/ Labor Day. --.,s
/ r-cNSSOIIT, NTED EzyCfIANGE--Ins -,
| .ated F,xchange viii move into its nsN ouu-- -
| - I,,,-1,s+ p and trading will begin on t1e u
/ g. oy, August Is There viii be no lOlH-0 ~ ~ -,
{re. AT this time as many Of the Inei1oSI In sr bs
/ 90 tow, but IL is expected a ceieorauoH W"
[ held I'm the fall ,.no,s-s
/ s.-~orLS T,SCFI ANCfE LISTINtiS--Lho 49, .sr.
/ ,rr5tias have. been added to the StocA ,5s.
tstsnsaz water Company, slS5OVVo 80 slI Sa
,inc,aI first mortgage per cent oOhu9' ~,ss-,sl
.additioraI stock Of the New forN So'- 49, r,rt.c
1art and $50 500 additional soutal, sou az, xsjnn
/ nr4ferred stock out Of a totst1 OF S'O'0
| the company applied to have hs'eH s.~
| To r>-cyRFAsE INTEREST.-Ths EriIis 80 :, -
/ -, ~ has posted notices 70 the srscN ,t,,
/ = ~.s,,It Of the Increased earnings OK t.-.a -
| - e.. rate on deposits soon VIII De tnsi'
/ per cent
I