New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-10-03
TOPICS OF THE STREET.

FOREIGN TRADING-LOndon sold sos,,
shares In the local market According to casl.
dfsnatches foreign sentiment is bsarish On A.
fcan stocks on the theory that Bryan nav =
elected The general London market vas "a
tive Money was easy and no change was r.
ported in discounts At Paris securities zsr,
higher
RANKS LOSE MONEY.-The reported No..
rnents OF currency this week Indicate a losz A.
cash held by the banks OF s7.ss7.70o. OF whir5
the greater part paid TO the Sub-Trsss,r-,
The banks received from the interior s. sTf IA
and sent 10 the interior sS.1s4.400. Of which g7so
900 Canada and St.46S.0O0 national bank uotssf,
Washington for redemption. The loss 70 tia II,
terror was s220970O. Receipts Of zold vs..
81 s0s. 500 Of which s1.051-9G0 on View York ASA
Office checks. $4,000 on San Francisco r.,
checks and s439.s0O on Seattle assay once chsrks
Ordinary disbursements BY the Sub-TrsassI-,-
were SI9.369. 400 Payments b. banks % -.
Sub-Treasury for customs. internal revenue a.
cent redemption fund. etc. were s2S.7s7.000 r.
loss on Sub-Treasury operations proper Wa a.
397 500 The total loss TO the interior g. goa Tao
and on SUb-TreasUry operations proper. s7.397-
500. s9.6o7.30O- Deducting the gain By nez
gold Of y1.909.sOO. the net loss was y7.ss TToS
The loss to the interior was smaller than N.
loss in the two preceding weeks This vas On,
chiefly 10 the falling or in the sniou1enfa -
Canada Receipts were chiefly from nearby ara
Eastern points with good amounts fr,-,
the West and South mercantile account shho-
ments. however. TO these sections were much
larger than receipts The net loss 70 the futa-n-
for the week is much smaller than IN the corr
spending weeks OF the four preceding Years Ths
loss on Sub-Treasury operations proper r.
partly due 70 transfers Of internal raveuus roil.-
tons for correspondents
BUSINESS OUTLOOK-Ffsk & Robf7.o, -
their monthly bulletin say. All the svffsn~.' "a
the quarter just ended bears witness to thu 90
tinUed and even accelerated progress made IN ~.
complete restoration OF business The statirt-,I
data. which reflects real conditions-not hopes ard
beliefs-is conclusive this point Bank cleartnr.
have reached now the figures OF September rr
Our internal commerce for 1913. whole is rnsE-
good toward eQQaILtuZ RAJ oF
in a few commodities surprising Il Ths d.
crease OF idle cars has lately become uors marksa
the low point being reached at the close OF sso-
tember. In the iron and steel trades soma SUD-
stantiaI orders from the railroads. vel "a ron
foreign institutions. are being booked and ahouza
expansion is retarded By the currailr1snt % ths
railroads resources. II nevertheless continues ia
gain fO- the quarter being greater than FOR auv
previous three months or the year The amour,
of building throughout the country requiring
structural material OF al kinds has greatly n
creased The copper production for August wa
90 Os8.7oO pounds. the record for the year"
GRAIN EXPORTS FOR THE wEEK-Brst-
streets reports the exports Of grain for TIE week
with comparisons. figures in bushels. as follows.
Wheat. -four included. 6.473sS. against ss95S Isst
week and so in this week last year; fiscal
year to date. 52,L21T, compared with g +55ga n
the corresponding period a year ago. Corn IKE
contrasted with $3.50 last week and $3.50 IN 1g:
FOR the fiscal year to date. $3.50. compared VITA
Is 30 IN the same period last year.
COPPER TRADE CONDTTTONs.-va.<s IN
Of the market is a shade stronger. Lake IS 81
cents 10 1884 cents, and electroytc I5ts cents 70
1874 cents pound At the same time sales % cast
ing copper are reported az l318 cents some COP
per is being sold at the prices quoted bur inquiries
from consumers are few and far between Manu-
facturers are watching the political situation
EVERYTHING favorable 10 Republican success seems
TO inspire them with new courage and 70 eauss
them buy a little copper II IS good opinion n
the trade that the election OF Mr. Taft viii be ths
signal for the placing Of large buying orders and
that the market supply VIII he cleaned ID VERY
quickly. A lot OF bearish rumors are being crc1-
lated One OF these Is that the General Electro
Company has purchased 2 six months supply n
copper recently. chiefly in the foreign markets
and that result lot Of copper will Be r.
shipped 10 this country. In view Of the tsc- thst
the General Electric Company is only small COT
Of copper. its consumption being limited
to the amount used in IT'S brass foundry. the -
port IS absurd General Electric = very keaTT
buyer OF copper wire. but If is altogether irprohs
bic that II would purchase wire in The fora1
markets According TO the best information T cas-
gather. there is unlikely 20 be either decline o.
advance in the price OF copper Immediately
STOCK EXCHANGE SEATS TRANSFERRED
The New York Stock Exchange membership y
John G. Mcintyre has been transferred q EdTsrd
V Loew, and the seat OF William H HOLSTER has
been transferred 10 August z. Kountze. The men
bership of A O. Brown has been posted for trans
fer William :. Rosenberg and that q Jonas
Hess has been posted for transfer 70 Edwin :
Bernheimer.
NEW YORK. PHILADELPHIA & NORFOLK
The New York. Philadelphia & Norfolk Der cent
trust certificates viii be ready for distributes
shortly Under the offer OF the Pennsylvania Raj
road the stock OF the New York PhiiaGelDhis 3
Norfolk has been converted into trust certf1cs,a
az the rate of one share OF stock 70 80 IN csrr1
Gates.
ADMITTED TO QCOTATION-Ths Stock II
change has admitted TO quotation in the unisH
department American Agricultural Chemical =
term receipts for the first mortgage Per cent CO.
vertible bonds. to be traded in fat
VULCAN DEFINING RESUMES DTVIDENIS
The directors OF the Vulcan DEFINING Comp@n!
have declared quarterly dividend o. - per es
on the preferred. payable October % The eoAr
pany suspended dividends last December.
TREASURY BUYS SILVER--The Treasury s
purchased 5000 ounces OF silver for New DRESS
and 5o.oo0 ounces for Denver, at 5L77o cents :
ounce.