New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-10-02
INVESTORS READ
TOPICS OF THE STREET

FOREIGN TRADING-FOreign houses were ne
active in the local market, selling upward Of 400
shares In London the general market quiet
with a firm undertOue in most departments. Rus
sian bonds were strong. but cousOls we're heavy
Money on call at the British capital ruled az Il
per cent January bills were discounted AT IA Fer
cent and December offerings at IL per cent
STEEL AND COPPER CONDITIONS.-The steel
situation continues practically unchanged. The
b1Ivfne movement which close 70 20 per cant
of normal in July. August and September. has sud
sided. and a resumption is not expected for the
next several weeks at least hls does nor Indicate
that the earnings Of the corporation IN the -ast
quarter OF the current year are GONG 20 fan below
net earnings in the third quarter orders on ire
hooks will keep the output Up 70 the present per
can+a1e in October. and in the event Of heavy
t,,-irr, movement after the election awnings ior
the last quarter may reach a new nigh record for
the year Steel prices are Gncl.lsed- Cltllng o
certain small Independents : not so much N evi-
deuce as several weeks ago IN tne event OF
continued heavy reduction N IDLE cars ManUIact-
urers expect that orders FOR new cars VIII oecoms
o- S-soIfa1r Sales OF electrolytic copper for de-
1f,,ar,- next month were made yesterday on a basis
~ 13ssc a pound. Little business was reported
FxDorts OF copper for the month OF september ara
,agrar7a5 nv producers as satisfactOry- Shipments
in that month were at the rate or more than Se-
go 90 pounds year II IS figured tnat Win sx-
ports Of 500 .0G0 a year and Conleslc coHslnp-
tfor running al the rate Of say, even - Per cent
Of normal. there can be no heavy local accurnu-a-
tons Of the metal over the next several months
NINE MONTHS FAILURES--Cornrnercia fall
ures in the United States in the nine months ended
Septernber 80 were IL 94S in number and SlitoH0-s
In amount OF defaUlted Indebtedness. ACCORDING %
statistics compiled by r u Duh q % n l-s
corresponding months OF 1911 there were $3.50 fail
ures and the amount involved was &lo-OoS-s
Manufacturing failures were 2SZ IN number and
S7e 40 431 in amount against 1854 similar suspen-
sio7s 10 81 wear with liabilities OF So, $500 There
were $3.50 trading defaults for Si-slY--' asails,
ISIS failures in this class last year I2r $sSSs--
Other commercial failures nUInoerel ~ anu - =
,-oI,-ad 81 76 So against rs for Sl355840i n I
Banking and other dduciary concerns suspense
10 :he number of IL with liabilities q S-blSh-'
r-y- 2 a 81
TREASURY RESUMES SILVER PURCHASES.
The Treasury Will resume the purchase OF sllsef
bullion to-day for subsidiary coin purposes II us
last two years. silver purchased Tor slaA sA'=E
coinage the sejgniorage declared i fOots up over
S12COlC0O The silver 10 be purchase viii &c use1
10 coin 50-cent silver pieces.
UNITED STATES RUBBER DIEIDEND---n'
directors Of the United States Rubber company
declared yesterday from its net profits qlaF'el.t
dividend CT per cent the Erst preferred su1eA'
inrIudine an the outstanding preferred stock also
a quarterly dividend OF IL per cent on tne seem
Preferred stock both dividends payable OctooeI -
Books do not close
CITY INVESTMENT INCREASES CAPITA
Stockholders CT the City Investment company ~
voted to increase the capital stock from S4s'o,S
TO 50O5OOe the SlG0G0l new capital % &c PreISl-
stock and TO be issued pro rata 70 the olAl'147
on the basis o. present holdings ,---
NEW YORK PRODUCE E&CHANTE 0@A-,IN
r-STRA DIVIDEND New York Produce "a
change Bank has declared seal--an7lal l-'i-s--
Of 3 per cent and an extra dividend or per 49,
payable October 10
UNITED METALS SELLING pLNIlLN-
directors Of the United Metals Selling N'.F.-
have declared the regular quarterly 6l'ldeLld 81
rar caot This company handles the output u
the Ama,gamated copper Company and is SUI
salaries -
DISTuIINCi COMPANY OF ASiEFiICA-LHeU
rectors Of the TIstiEnE Company o- sN-l-el- $3.50,
s1bsidfarv Of the DiStiI-ers Securities Corpo-1-
have declared the regular quarterly --''-e--- %
per cent. pa yahle OCJobsT go
STRICKEN FROM THE LISTS Louis ~
sos CT a ,-or-b-r7 s. Charles Bridge first mort
gage s per cent bonds. due 1905 have been slI-'A'
from the list OF the stock ENCnaCEe-
NEW STOCK EXCHANGE NkNIBE--S--
I0ew and Augustus :. kOuntZ- have oTeh &C.,
members Of the New York stock Exchange