New-York tribune., 1908-10-25
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses were not
active in the local market. trading in light amounts
Of stock both ways In London cousOls were heavy.
hut the general market was firm, with especial
strength In the copper shares under the lead Of
the Rio Tinto issues Money was easy at the Brit
ish capital and discounts at foreign centres showed
no important changes. The Bank Of England paid
ont considerable amount OF gold for shipment 70
Egvpt 1t Is thought the Bank OF France viii Sc
80 most ~ tha south African gold which Will %
available in the open London market tomorrow
VIRGINIA CAROLINA CHEMICAL special
meeting Of the stockholders OF the Eirstnia-Caro
lima Chemical Company has been called for 'oFe,l'
ber II at II a. m. at No. Is Exchange Pace. Ior
the purpose Of ratifying the proposed new bond Is
sue The amount OF bonds TO be authorized IS *Io'-
nan mo- OF which So 600 900 will be held in reserve
for three years OF the s12000,000 to be issueo
right away 81 500 900 will be used to retire the OUT
standing bones issued under date OF OCTOBER L
1902 and the balance will be used FOR working CAPT.
tai and general corporate purposes Ihe new oonos
will bear per cent interest and run tor ~ -
wears but NAV be redeemed al the optOh VI lH0
company at 1O5 and interest upon any interest date
after due notice has been given The mortgage
will provide for the retirement OF {3o0'OVO , eaca
year, and TINS amount may DC ~ "
and interest
COPPER TRADE ECONDITIONS--'Waike Cop-
per Letter says: Copper continues quiet VII
prices practically unchanged. Lake IS quoteu a.
1siA 70 I3s cents and electrOlytic at lS1s 10 -
cents a pound Sales OF lake have been made az
1sas cents Early IN the week about loVtooVe pouo.
Of electrolytc were sold at 49, and l5@s cents oy
several large producers who did not wish 20 eaIIy
the metal over the election In view or the apa'Iy
prevailing which renders the outcome inOIv :, - -
certain than usual they decided % piace theih-
selves on the safe side by taking advantage OF an
opportuufty to dispose OF large amount or coppe'
at a slight concession from their recent qHot1-
tto,s TSsss saIes were made 10 domestic con-
sumers and had the effect or creatng -
feeling in the trade as later IN the week eisclI
was firm at 1875 TO 1871 cents. Manulae'uIeIs -
that business continues dull and tnere : 80
little change from the conditions which haVe -.
isted for the last month Some are ioohI,ls -.
an Immediate Improvement IN business N - -
oy tha n
OF the opinion that the Improvement IS oound - -
be slow even IL the Republican candidate shou.S
be elected and these do not expect TO see n0ll7@
conditions before next spring -.
MOVEMENT OF COTTON.-"The Flaal.S -
Chronicle gives the total port receipts tor - -
week ended October Is as Es,S1 bales ssals.
e7o "a bales in the preceding week. making tns
total receipts since September I 2l5+s+ oaIes
against 15s4.4sT bales for the same period os -
showing an increase since September l. SO - %
5eom7 bales. Rain been quite general IN 1s1' 80.
with the precipitation rather heavy at fe" pOi-.
and at the close Of the week wet "eaensi s" nvs-
reported IN some North Atlantic secuoHS -.
the remainder OF the belt. however. dry weal--0'
has been quite the rule.
MANUAL OF THE CURB-'-The A b z arc
Manual Of the Curb Market" complied ana Pc
nshed by Nfyrou L Wei and edited BY Richaro -, -
Fabb has made fits appearances. The DOCK Is ~
tended as a ready reference for all tnose n-.1, .
ested in the securities dealt in on the New q
curb market II Is the first work OF us Alho -
voted exclusively this market and contains sOn.~
interesting descriptive reading and data ana "a
ord OF prices for a series or years OF s'00N
bonds dealt in on the curb. -
BANK CI,EARINGS-"The Financial Cnronieio
gives the total bank eleartnss OF the United s,,
for the week ended October - (one day estlnd'S -
a. 60 T66 80 254 against s2.TT2 So 45S IN ths pre-
ing week and s. SS6 49, T13 for the coTresponOns
week OF 1907 Compared with last year. tne VeeN
total ceartngs show decrease OF lAs pel =,
New York decreased 2S-5 per cent. Boston - - -,
cent Philadelphia aS6 per cent. Baltimore 1N0 -
cent and New Orleans III per cent
APPLICATION TO LIST.-Applicaton nss - -
-
tional convertible bonds OF the American -.
phone and Telegraph Company. AppicAIoss 20 .sa~k
has been made 20 transfer S5.ooo0co prererrSu -
ana Sss 100000 common stock OF the American -.
motive Company and 100000 capital stock ol -
Crex Carpet Company from the unlisted ]"
regular list
EXCHANGE SEATS TRANSFEFRsL- -
New York Stock Exchange membership OF -, -
G. Younx has been transferred 70 ChaI.9s -
Hirsch. and the seat OF Clarence De WIZ nAS -
posted for transfer to Joseph H Seaman