New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-11-21
TOPICS OF THE STREET.

FOREIGN TRADING.-Forefgn houses touzh.
upward OF 1000 shares on balance IN the local
market Much OF this in the Hartman shares
United States Steel and Reading In London
American securities strong while the general
market was inactive and Irregular Money at ths
BRUSH capital was IN fair demand The weakness
Of the sterling market at Paris and the advancs
in exchange rates in New York led 10 prediction
of gold shipments from this side Of the ocean
BANKS GAIN CASH-The reported movement,
of currency this week Indicate a gain in cash
held by the banks Of S-S5.100- There was a small
gam from the INTERIOR for the second time sncs
the middle Of August The banks received from
the interior 1851 100 and sent interior S15-
800. Of which $4,000 was transferred through tbs
Sub-Treasury to San Francisco $4,000 was trans
ferred to New Orleans $4,000 new gold coin 70
Canada and s2o04-90o national bank notes sent
Washington for redemption The gain from ths
interior s4141Oo- Receipts OF gold
secs SEQ namely. on New York Assay once checks.
s. 500: on San Francisco Mint checks. ST s1
Seattle Assay Office checks. $3.50, United
States gold coin imported from South America.
$4,000. Ordinary disbursements BY the Sub-Treas-
ury were S24 $500. Payments by banks tho
Su5-Treasury for customs. internal revenue.
per cent redemption fund etc we're SESSION
The gain Sub-Treasury operations proper was
$500
COPPER TRADE COMMUNICATIONS
copper letter says: The copper market is dull
again and prices are fractiona1ly lower Lake -
Il z To 80 cents, and electrOlytiC IS 1+ss 70
14ss cents a pound. Producers. as far as can Be
learned. nave sold all the copper they 70. and
few if any of them willing to make new cos
tracts at lower prices than 14ss TO 14s cenfs
preCiSelN
should have been expected. as IL is contrary 20
custom for them buy copper ir the closing
months Of the year. The next important moVe
will probably be witnessed after the first OF jan
uary. and if general business conditions continas
favorable the price OF copper should then so
above Il cents. Foreign consumers were heavy
buyers the recent advance. as is proved BY ths
fact that exports are holding up TO about 20.eee
tons monthly. The domestic consumption demand
is increasing steadily and IL is quite probable
that it will be back to high figures again bsfors
the middle OF next year. The outlook for the
metal market is improving all the time some
time ago I explained that Turkish would
greatly stimulate the copper market This now
finds confirmation in the report OF the purchase
OF 100000 pounds Of copper by the Turkish
government to be used in the manufacture OF an
rluniton-" Sales OF electrolytfc copper were mate
yesterday as low at Il = a pound but most
There heavy buying due to the downward
tendency OF prices. The decline in the copper
issues on the exchange owing more 20 the
disturbing reports bearing upon the Anaconds
fire than to the falling or In the demand for ths
metal
PHILIPPINE RAILWAY BONDs-In connectioi
with the announcement by William Solomon =
Co that the subscription lists for the S4eo@
Philippine Railway loan would be closed IN ad-
vance 1t Is understood that large subscribers 70
the issue VIII receive a Comparatively small per
centage OF their subscriptions. probably not more
than per cent. Private investors who applied
for small amounts will obtain prOportoaalsF
larger alOtments.
APPLICATION To IIST-AppIcaticn has beea
made to the New York Stock Exchange 70 IS
Seooo.eS Guaranty Trust Company certiIlea,ss
or deposit for second mortgage bonds CT 80
Wabash Pttshurg Terminal Railway Company'
also 2f1S00 additional first and refunding mort
gage per cent bonds. due 1854. Chicago. rSoSA
Island & Pacific Railway Company
COLORADO & soUTFERN.-At the annual
meeting OF the Colorado & Southern Railway COM
paly James Campbell was elected director =
succeed Henry Bulge. Other directors were 70
elected.
QUOTATIONS DISCONTINUED.-rhs Stock - y
change announces that quotations for Ca~s.
Union Traction Company unstamped eerelie .s
have been discontinued in the unlisted depalUi'
Stamped certificates only are quoted
OLD DOMINION COMPANY DIVIDEND-tns
directors OF the Old Dominion Company OF Mans
have declared quarterly dividend or % es CENT
share payable on December 10 10 stock OF ree0N-
November 30 =.
GENERAL. CHEMICAL DIVIDENp-Ine =
rectors OF the General Chemical Company -
declared the regular quarterly dividend Or -
cent on the common stock. payable on DeS'~
bar 1