New-York tribune., 1908-07-16
SaUiags Banks.
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses traded
both ways IN the local market. buying on oaIahee-
Thev were sellers of United States Steel IN sons
quantity and fairly active buyers Of the Hartman
issues III London the general market was quiet
and irregular. but displayed a firm undertone.
Money rates at the British capital were unchanged
The demand for accommodation was Hgnt is
not likely the Bank Of England VIII reduce Is
minimum rate Of discount at It's weekly meeting
to-day.
COPPER TRADE CONDITIONs-After care
full canvass of the whole copper metal situation az
it exists the moment, one Of the largest metal
agencies authorized the following statement: Thers
IS considerably more activity in the copper mar
ket II is particularly satisfactory TO know tnac
the increased business is the result Of leg1riats
requirements the part of domestic manutactur-
ers. 1t the price has not as yet changed
fact there has been rather keen competition 1or
the orders but it is confidently expected that L
the Improvement continues at the recent rats
higher prices are bound 10 be established Mean
while orders being booked at 124. This price IS
understood delivered at consumers works. cash
in thirty days. while quotations. like those Of the
Metal Exchange, are figured free on board refinery
and a cash basis
STOCK EXCHANGE RULINCTS.-The Stock Ex-
change has admitted to quotation in the unlisted
department Delaware & Hudson Company hrsc
refunding per cent bonds, due 1913, when ana a.
issued, at a. price and interest from May l. Mich
igan State Telephone Company S3,5OO,Ooo common
stock has been listed as well as the foilowlls aI
ditional securities: St Louis. Iron Mountain q
Southern Railway Company, S11W0 addluonaI
River & Gulf division first mortgage per cent
bonds due 1898. and $4,000 additional unify1ng ana
refunding mortgage per cent bonds. due 1923
Michigan State Telephone Company common STOCK
voting trust certificates have been stricken rom rom
the list. The governing committee directs tnar
all transactions in New York State securities %
a price and interest.
UNION PACIFIC-The Clearing House commit
tee of the Stock Exchange directs that contracts
made by members of the exchange up 20 and IN
cluding July Is. in Union Pacific Railroad Company
first lien and refunding per cent bonds due ass.
when and issued viii be made the subject OF
a special clearance on Friday. July II The com
mittee unlisted securities directs that contracts
lr0ad
Company first lien and refunding per cent bonds.
due 2ooS. be settled by delivery Of temporary bonds
on July %. to which date interest accrues-
NO CUT IN COPPER PRICES-There has been
reduction in copper prices The 100000 pounds
Of electrolytic copper disposed of on Tuesday was
on a basis OF 12fs cents pound. not IFS cents
pound. reported The copper market is strong
er. il anything. actual sales being made 4 cent
above the quotations OF the Metal Exchange Many
producers decline to sell copper for delivery IN th'
last quarter below Is cents pound.
OUTLOOK FOR BUMPER CANADIAN CROPS
The recent development Of strength in Canadian
Pacific stock IS associated with the prospect OF az
unprecedented Canadian wheat crop Early esu-
mates for the Northwestern Provinces were iOI
yield Of 100.00OOOO bushels. but these have Deen
raised to 1450O0.O00 bushels. il is seen 'hss
the great bulk OF the area VIII run rom 81 W -
bushels TO the acre. In Eastern Canada the WIZ VII
ter wheat IS being cut and it is running rom -
to 10 bushels an acre. Ii IS estimated tnat -. .
will be yield OF 10000. 900 bushels in the eastern
part of the Dominion. IN addition to the lf1oVV'S
bushels promised for the Northwest tota iV-
the entire DOMINION or li5.0Oo,tuu puSNeiS- A--1
unprecedented crop for Canada and assures
very large surplus available for export
DIVIDENDS DECLARED-Dividends have oeen
declared follows: American Bank Note unI.
pany regular monthly l per cent, the Land - -
and Trust Company of Phi1sdeIphia regular @ @que-
tery pig per cent payable August I. Home lIsu. .
ance Company regular scmi-annual Sl9 sna
Honduras Rosario Mining Company regular a. naon'
ly per cent payable July 25. American psi. pis.i
Telegraph regular quarterly Ger cent paS -
July %: Lord Taylor regular quarterly : -, -
cent on the common. payable August l. MIo4-S r.
State Telephone IL per cent quarterly on tle -
ferred and per cent quarterly on the coullO
OFFERS FOR CALLS ON STEEL COMAON5
On the Fittsburg Stock Exchange $500 was 0n5s -
for the privilege Of calling 1000 shares OF -
States Steel common at 40 any time this EeS'I. 80.
before the close OF the market the same sum -
offered 10 call 1000 shares this year at % -
ANAIGAMATED COPPER DIVIDEND
rectors of the Amalgaunated Copper CoH'paIls -
declared the regular quarterly dividend OF 'V "a
a share PAYABLE August 81. The directors 81 -
Boston and Montana Copper Company. tVh,l,
by the ANA gamated. have declared the ie7
quarterly dividend Of 81 share and 81 extra -
HOMESTEAD BANK DINIDEND-ine ne -
tors Of the Homestead Bank % Brooklyn nav h4,hi.
clared an initial dividend Of per cent pas- pc,-
August L This bank was opened july - wv