New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-09-10
TOPICS OF THE STREET.

FOREIGN TRADING--Foreign houses vsrs
active buyers in the local market, taking upward
Of $4,000 shares. Erie being the leader. In Lon
don the general market was inclined TO sag. be-
ing affected TO some extent by the advance II
the Paris discount rate. The Continental demand
for gold and shipments TO Argentina, together
with heavy Egyptian requirements have started
talk Of advance IN the Bank Of England's rate
There was change IN open market money and
discount rates the British capital. in spite o.
requirements for the fortnishtly settlement Ths
contango rate on American stocks in the carry
over was IL per cent Banks charged par
cent for Stock Exchange loans
DIVIDENDS Dividends have been
declared as follows: United Cities Realty Com
pany, regular sen1i-annuaI 2 L. per cent the
preferred and an extra 3-4 of 1 per cent paysos
November 1. Western Union quarterly IL Of
per cent payable October Is. National Sugar Re-
fntng Company regular quarterly "a per cent on
the preferred, payable October 2 EvansvWe q
Terre Haute regular annual per cent payans
November . Virginta-Carolina Chemical regular
quarterly per cent the preferred NaIlons1
Packing Company regular quarterly - per een-
payable October l. International Smokeless Pow
der Company quarterly 1 per cent on the COM
mon and regular semi-annual per cent on ms
preferred. payable November Il DU Pont INFER
national Powder Company 1 = per cent on ms
preferred, payable October l. New YORK Hen
duras Rosario Mining Company, regular monthly
1 per cent. payable September 10
COPPER TRADE CONDITIONS.-Thers Is no
basis for the report that the leading producsls
and selling agents have reduced the price or cop
per One of the leading agencies continues 70
quote SC for eIectroytic, but il is possible ta
copper can be secured at price below that 1s-
ure. A representative Of independent selling
agency predicts that copper will sell between lSe
and 16c. pound before the close OF this year. w
large quantities OF copper are being taken D1s
purchases are said to be fairly large In the ss-
gregate. Many Of the large consumers havs m
formed the selling agencies that they do not psD
pose to lay In large stocks OF copper until they as
more positive as to the outcome OF the PresaenIas
election They admit that their stocks on n $50
amount to practically nothing, but add that tnss
do not care to take any chances.
THE STEEL SITUATION.-StesI manufactures
say there are inquiries in the market for eals
quantity of steel rails. including one Tor Losass
consumption. ORDERS received by the Cnss-
States Steel Corporation since September eonpAss
favorably with orders received IN the hrst ween
production. which will be out to-day. Will s1o'
the largest months production since the pAls
This be regarded OF the most tsNOls1
signs OF an Improvement in conditions.
HARTMAN COMPANY EARNINGS-Esrniaas
of the Union Pacific and the Southern Pacinc -
the month Of July. the figures OF which NeEe - =
ceived yesterday, show for Union PscinO y.
crease in gross OF $4s4.Sn and an tncresseNn
of $S21 $780, and for Southern Pacific decrsas 20
gross Of S170S.66 and increase In net OF 800
The Hartman policy has been to reduce eApe- 49,.
to extent that would Offset the loss N So q
though not to degree that would Ns@ASN
physical efficiency OF the properties
INTERIOR DEMAND FOR FUNDS.-L0~s
banks are beginning to lose substantial aInouns .
money to the interior. a reflection OF wnicn I'd
scented in the operations between tne oalAS %
the Sub-Treasury, which show q loss ans ar.
Friday OF upward of s. 0ooOoo; In transfers sSa
rsncy to New Orleans TO the amount o. A. !
and in the sharp decline OF New York eA-A4s
Chicago TO 10 cents discount ..s
STOCK EXCHANGE LISTINGS--Ins So
Exchange has listed S736.vo0 WaoasnS - "a
Terminal Railway nrst mortgage oonoss -
admitted to quotation in the unlisted ospa--Irsy
SIS, $4,000 new WABASH PittsDurg IerIninsA -
certincatss OF deposit for nrst mortgage D0HNN