New-York tribune., 1908-11-29
TOPICS OF THE STREET

FOREIGN TRADINC-Foreigr houses ,s-
moderate sellers OF stocks in the local markss
In London ccnsols steady. but the rest cY fhs
market was somewhat heavy. without feature CaF
money trife easier at % per cent Gold "a
the amount Of E2500o0 was shipped TO Egypt Aboys
e. 900 gold will be received from South Afrca
on Monday. and IN all probability will be taxa
for Paris account
COPPER TRADE CONDITIONS SS-WaIker's cor,
per letter says: Copper IS quiet. and prices an
about the same week og0- Lake IS 14zs cents
TO 14& cents. snd electrOlytic Is Z TO IA
cents pound In the last few days the tone d
the market has been trffe frner. due 70 a bettss
inquiry and some buying demand from Europa
Business is better abroad. and foreign consumers
having confidence In further trade improvement "a
this country believe copper will sell higher IN thf
near future They are therefore disposed 70 IN
crease their working stocks Of raw metal Il
apparent that there IS to be great revival IN ne
business Of electrical equipment all over the world
All of the wire mills have received orders rs
Gently. and some OF them have put on night forces
The brass makers are very busy again. and thert
is every prospect that the year 1893 viii establish
new record OF copper consumption trade au'
thority is quoted saying: "A noteworthy feat
ure in the market for lake copper recently aA1
been tthe increased demand ior the ersenicss
brands. (This refers chiefly 10 the Copper Ra1ga
prOduct) Not long ago these sold frequently %
the basis Of prime casting copper. but now thers
a demand which prefers them TO prime iaks- Csrs
tain specifications call for lake copper containing
O5 per cent arsenic. such copper having a cons
ductivity only O-60 to 06S- This copper Is usea
for drawing heavy wire for trolley purposes, f0d
which its superior tensile strength and durability
are thought TO offset the inferior conducrivttyi
Any way practical tests In this direction are neins
made"
DECLINE. IN SILVER AFFECTS sMELTINa
INTERESTS.-The continued weakness IN ths price
OF silver IS causing some concern IN snneting and
mining circles, the decrease IN the price OF "a
metal already having resulted IN suspension ot
many mines producing low grade ores As con.
sequence the smelling companies are suffering .
reflection OF which Is presented in the decline N tss
A,E-srtcan Smelling and Refining COupany's shaTsa
the Stock Exchange. There Is little demand 1et
silver. and surplus stocks are large all over "a
world. In the last week the quotation for sly q
was the lowest in years
NATIONAL. RAILROAD OF MENCO-It WA
announced yesterday by Ladenburg. Thslnann "a
that the read3ustment managers had decided 20 psg
$40 I'm cash which the holders OF certificates
OF deposits of National Railroad Company u 4eI4
leo preferred stock entitled under the terms u
the plan on and after December a. 1908 Paymeat
will be made in New York at the once OF the Aer-
camille Trust Company presentation OF cerrn<
Gates OF deposit for stamping, and abroad 5y tna
various European depOsitares specified IN the psa-
STOCK EXCHANGE MEMBERSHIPS TRANS
FERRED.-Richard L. Eels 10 Edward P. Field
OF BurriIl & Stitt. No 25 Broad street; Ki1tzins
P. Emmons to Barak c. Coles. tr-, OF " y.
Moore & Co. No. "A Broadway; Josiah " Fisss
90 Edward SchafeT. Of l. & z Seharer, No =
Broad street: Thomas c. Buck 70 Courtlandt ?.
Dixon No. - West 49th street. New York City
and Paul D. Mills TO Gayer G. Dominick. OF Donn'
nick & Domtnck, No. ll5 Broadway
BANK CLEARINGs-" Financial Chron-
fce reports the total bank cearings OF the United
States for the week ended November . lone day
estimatedD S674, SO SOS. against S-+S ,0e4So N
the preceding week and 81 $50 $3.50 for the carS
responding period Of 1S07 Compared with iaN
y-ar. the total clearings for the week have m
creased. A3 per cent. New York CITY shows an
increase Of s1.s per cent. Boston +44 per cent
Chicago Sl4 per cent and Philadelphia Isl Per
cent.
REGULAR BURLINGTON DIVIDEND.-Ths
directors OF the Chicago. Burlington & Quincy
have declared the regular quarterly dividend OF
a share. payable January l to stock OK rec0F0
December %.