New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-09-19
TOPICS OF THE STREET

--oPEIGN TRADING.-Foreign houses were not
FobN93be local market. dealing TO a small extent
scuE.t siaas with operations about evenly divided
on DOS IT,. sales and purchases. In the London mar
bet"esli -.e-e nrrn and trading light in vol
BET pre- IN money al the British capital easy
ume' ,o,,nrs were arm. The joint stock banks
sno h,,,,ers Of December paper at ia per cent.
were ~ amount OF c45000O from South Africa
Coo - available IN the open London market to-
VII - and il is likely that the entire amount
iii so 10 Russia.
Fl0 asales OF pig iron well distributed in all
tay-..-s Buyers Of all classes keep coming into
euAIsrlzet 10 increase their purchases for this
ue ~ 10 Mace new orders for delivery after the
yes ~ January. Local furnaces have very little
hsl for the nearby deliveries. and growing
- reluctant quote for 1871 except at consid-
more advances This feeling has been aggTa-
eI A during the past week by the sudden jump in
Fsleo ,soss A large number Of furnaces have
eoAe iac,ng orders for their coke for the first half
pee .oin ar6 are surprised 10 find that they viii
- 10 nav q 80 per cent more for their fuel
- that delivery than what they are now paying
~ -,orlze6 shortage Of labor, and consequent
.s,+i1n Of coal output, seems 10 be the main
80 ~ this sudden bulge in coke prices. This ad
$50 10 featuring costs IS making sellers
olt-4s - lake much business at present levels.
eo-,s from the railroads indicate a probable
Sa~+are OF cars and equipment in the near future
n spite Of the orders that they have recently
COPPER TRADE CONDITIONS.-WaIker's Cop
- Istter saws: Copper is dull and weak. Lake
q now iSAc and electrolytie is about 13c a pound
,,on was considered bearish by the trade, with
she result that consumers again buying only
snrb amounts OF metal as they require for irnnne-
siste consumption The figures indicated that the
s-Trrlus of copper was stil increasing; but as a
-,etter OF fact they reflect only temporary IN
-oese in exports and deliveries AS nearly :
- be learned. copper consumption now equals
T-osuction, ana possibly exceeds II slightly. Tbs
rnost 1infavorabe factor in the situation is the
business depression n Great Britain, where con-
sumption has fallen OF considerably. Germany
.,s the Netherlands are prosperous. and in those
countries and the United States consumption IS
,teadilv Increasing. There is good basis for the
he1,ef that business conditions in Great Britain
vii begin 20 improve soon The American con-
E-rIpti0n OF copper now exceeds 10000 600 pounds
monthly. being very near the highest record mark.
81 view OF the fact that the industrial expansion
az this country, which was brought TO a standstil
by the panic OF 1907 has not really been resumed
as vet. the present volume OF copper consumption
is most satisfactory"
ACTIVITY IN BRUNswICK-The stock
change firms Of Dick Bros. e. Co. and F. J. Lisman
a Co have issued a special circular on the Bruins
wick Terminal and Railway Securities Company.
which company has taken al the property Of
the Brunswick Dock and Improvement Company.
the Brunswick and Suburban Railroad Company
and the Mutual Light and Water Company. which
has been earning IS per cent on its capital and
which supplies all the gas and electric light and
water 10 the city OF Brunswick Heretofore the
Brunswick company had been simply a land
owner with income except as property was
tod. IN addition 10 the real estate the company
row owns al Of the public utilities OF Brunswick.
The capital OF the new company is 100000 q
sock with no bonds, preferred stock other Ia
Mites
BANK CLEARINGS-The total bank clearings
fOr the United States for the week ended Septern-
Der Is 1899 zone day estimated according 10 The
Financial Chronicle" s % 70o723 against g.
g14453 in the preceding week and g. 73 So SIS for
the corresponding week OF last year. Compared
With last year. the total bank clesrings have in
creased 204 per cent New York shows increase
q - per cent, Boston Of I76 per cent. Philadelphia
Of 50 per cent and New Orleans OF 3l-3 per cent
while Baltimore shows a decrease OF "a per cent.
THE MOVEMENT OF COTTON.-The total port
receipts Of cotton for the week ended September II
were 2Sso1 bales. against 1885 bales in the pre-
oeding week. making the total receipts since Sep
ismber !, 1903 427oH bales. against 3s5.l57 bales
Cor the same period Of 1905, showing increase
since September !, 1913 Of 1854 bales. Weather
reports from the South indicate favorable condi-
tons in the last week. Cotton is opening rapidly.
rs rule. and picking has made excellent progress
The movement Of cotton to market has been a
liberal scale
declared as follows: Central Coal and Coke Com
pany, regular quarterly ~ per cent the common
and ~ per cent the preferred. payable October
u. fittsburg Plate Glass Company, regular quar-
feTy IL per cent payable October International
smokeless Powder and Chemical COMPANY semi
annual per cent on the common, payable October
Library Bureau, regular quarterly . per cent on
me preferred. payable October l. Dstlllers Secu-
rites Company, regular quarterly oue-half OF per
America regular Quarterly Ter cent pavafie 0cto
Der O. Chatham National Bank regular quarterly
per cent. payable October J.
COTTON EXCHANGE MEMBERSHIP SOLD
. t, second A SW York Cotton Exchange member
Kay for SO e1 the price as was paid FOR Tie
last seat that changed hands
PRICES COTTON CROP ESTIMATE.-Theodore
n FFlcf las issued circular estimating the cotton
crop al l2540e0 bales This estimate assumes aver
&c conditions q weather and average frost
APPLICATION TO INSTRUMENTATION has been
5 6o 70 the aeT York Stock Exchange TO list 81
iron ana Steel Company