New-York tribune., 1908-07-29

r,opr1cC TRADING-Foreisn houses dealt IN
q oaO shares in the local market. buying N'"" IN
Tondon consols were steady and foreign oonos
Irere Ar77oer The general market was quiet at
untmportant changes. London was busy Win tle
first day of the fortnightly settlement, IN Whch WHICH
+ba contaneo on American stocks was IA 10 per
oan+ Ranks as rule charged 2 per cent for
stock exchange loans. rate u OF per cent ps
low the Bank of Engand's quotation In me tran
- g. III. new account most Of the business IN
the American department was on the ouylng SIDE
COPPER SALES--Further Transactions We We
made in copper Yesterday on 0aeis s 0i los AZ
for electrolytic. One sale OF lohVo pouhos at
this figure was made for delivery in the last quar-
ter of the year. Copper producers are now tshns
an optimistic view of the situation, due largely
- tba fact that many of the large consumers are
purchasing larger quantities than heretofore con-
sl1mers in position TO ouy metal as q re-
duction in their stocks and business has increased
cash on hand materially. An evidence or TINS Is
found in the statement that the General Eiectrlc
Il, carrying between A6,o1"o ana s. saHop"p a casn
and the Westinghouse Electric and ManuIacluriis H
Company in the neighborhood of ss0o"o- Fro
ducers say they do not want sharp advance IN
the metal They would rather have IT come graou-
aIIy, The advance 10 % cents pound last year
proved demoraliZing, and producers 90 not care to
have the performance repeated
ROND NOTES-R- L. Day & Co. have pur-
chased $4,000 OF New Haven per cent city bonds
al 1ol 65. as follows: $1,000 improvement bonds
series A. maturing $1,000 annually June. lsZ' TO
1891 and $4,000 in June. 1882; 100000 Improvement
bonds maturing 1923 to 1898; $4,000 sewer bonds
and SS5 600 bridge bonds, maturing July lsS" On
tario County has sold se. 900 44 per cent road I'M
bouse bonds prepared and certified by the Co
lumbia Trust Company of New York. to Edmund
SEYMOUR & Co The bonds are made payable at
the Columbia Trust Company
SHELBY TUBE COMPANY.-The organization
of the new Shelby Tube Company has been effected
as follows: Directors. ]. c. Fish, Charles Hook
q NJ Skiles A. &. Morse, J. a. Seltzer. Roger
Heath Edwin Mansfield, II. W. Hfderbrant. t. j.
Green Jonas Feigher. V. o. Peters, Robert Greer,
/ W Williams, r. P. Bricker and c. S. Moore;
president ]. c. Fish; president. c. NJ Skiles;
second president c. S Hook; general manager.
A G Morse: secretary. Howard SeltZer; treasurer,
lanes Brubaker. The total amount OF capital sub
scrbed is $4,000. The company is incorporated for
10000
ERIE GETS ARMOUR CONTRACT-The Ar
r1our company has signed a contract with the Erie
Railroad whereby the latter will handle eastern
bound freight OF the Armour company. The con-
tract is on a basis OF 625 cents hundred pounds
and runs for three years.
PRICES COTTON REPORT.-Theodore H. Price
in report issued yesterday makes the average
condition OF cotton of July @ s4s, against a2
on the same date last month
DIVIDENDS Observation-Disclosures have been
declared as follows: American Gas and Electric
Company. regular quarterly 11s per cent on the
preferred payable on August l; Utah Copper Com
pany, initial. 80 cents share.
: GOLD FOR CANADA-Ths Bank 0t Montreal