New-York tribune., 1909-11-28
TOPICS OF THE STREET.

COPPER TRADE coNDITIONS.-valk
er's copper letter says: Copper - higher
and shows "a an advancing tendency aS,s LsSg sSS
electrolytic is 131z cents To 1873. cents
a pound AT one time this week sales
OF lake were made at ~ cents. anu
l3a, cents was paid for large lots OF cleo
trolytic. The sudden break in Amalga-
mated Copper shares on the New 1ofn ~,
Stock Exchange has caused a reaction IN
the metal market. and all quotations az the
moment are more or less unreliable lt is
probable that this charge gn, VII Rr0ve 'yever 70
The market position of the meta ~
much stronger than II has been Pro-,
duceTs have comparatively little copper
which they care to- sell at these prices
The feeling prevails i'm the trade tnat COP
per will sell higher that u VII reaeh nd r! 10
main around that level throughout the
greater portion OF next year. some au.
thoritie5 believe that copper VIII sen a'
rs cents or II cents In 1910. An invesuSa-
tiOn OF trade conditions shows that the
brass business is excellent. and the toun-
mand for electrical wire is not yet up To
the volume il reached in 1905 and l5Vs
but Is steadily Improving Ihere are III
dicatiOns also. that the foreign cOnsump-
tiCn Of copper has begun increasing again
As a whole trade conditions are very satls-
factory and the outlook growing brlgmter ls,II,,I
daily. I am satisfied that the consump-
tiOn of copper now exceeds productloi'
and believe it viii increase very rapid
" for two years 10 come The actual sur
plus remaining unsOld will soon go INTO
consumption. and the price of the metal
will be considerably higher.
MOVEMENT OF COTTON.-The total
port receipts OF cotton as Indicated DN
"The F'inincial Chronicle are as fOl-
lows: For the week ended November 2s
the total receipts reached 2Of,2 ,28f bales,
against 25s.293 bales the preceding week
Der l. I909 4.O7s. $50 bales, against Ass
4S. bales for the same period OF 1908.
showing Il decrease since September /.
h1l
South denote that the weather has been
favorable during the week. and in cOnse-
quence the picking of the crop has made
good progress
clearings for the United States for the
week ended November q. 1909. tone day
eestimated1: according. o 70 The he F1nancia. ;1.
S3.42S.355,670 the preceding week and 81
6SS. .946.7SI fer the corresponding week OF
total tas bank ciearings bave S Hs ineressed idS
per cent New York City shows an in
crease Of 13-5 per cent. Baltimore Of 2o.3
while New Orleans shows decrease Of
Q per cent.
STOCK EXCHANGE NEWS.-Member-
ships transferred, Edward III. Hartman
sdeeeasedI to u Robert III LOEB at Ir;d Herzfeld 70
Davenport TO De Witt p. Rosenheim. No
20 Broad street. Memberships posted for
transfer, Samuel T. kimball (deceased) to
Charles w. Trippe; sponsors: C. w. Pro-
vost and Jay F. Carlisle. New partner
ship. Duval Carroll & Co. November 2s.
1909. No. SO Broadway; Hanson r Duval.
Reiman G. Duval and Charles Gordon
Carroll.
DIVIDENDS DECLARED. - Dividends
have been declared as follows: Hudson
trust company; regular semi annual 3
per cent payable January 3, Streets )
Western Stable Car Line Company, regu-
lar seml-annual 312 per cent. payable jan
uaIy /; Sears, Roeouck & Co. regular
quarterly ia per cent on the preferred.
payable January l.
INVESTMENTS ANALYZED. - Joseph
Walker & Sons, OF No 20 Broad street.
have issued an interesting brochure for
distribution, entitled High Grade Railroad
and Industrial Preferred Stock as Invest
ments." Particular attention has been
given to an analysis Of the railroad stocks.
GOLD EXPORTS-The National City
Bark will ship s250.O0O gold coin 20 the
Argentine this week, and Hallgarten & Co
100000. making toal by this weeks
steamer OF $3.50. 900.