New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-08-22
s1PICS OF THE STREET



aJ I,cono,ivs Company states thas tos
.~srS--si.S an $4,000. 900 bond issue for pur-
~ ."s,p-ovements and rsfunding outstanoins
- ~rs premature. Regarding the haui-
SIS ,ss 100000 outstanding notes. TINS VII.
80 q so-n,ished through a refunoinS issue OF
= g s.S,.ady So 600 600 OF this issue have been
- |" :, earnings and the same policy will be
80 q" rst.ring the notes still outstanding. In
.~s sooe 1910 and 1911. For several years
rsF', hiss had in mind the enlargement ana
o Snls-, az its plants ON a larse scale, and
~rrN.-es were begun some time ago. But no
Sc 80 has been made 10 finance the improve
.s' =, directors purposely left the matter on
efs sunit!ng future developments and more
q So conditions in the money market.
sn" 80, n n should be necessary they could
rssit .,15s 10 reimburse the treasury by an
~ " los An article In the bylaws Of The
- y rr,hihits the issuing OF bonds except with
go OF two-thirds II the preferred stock.
,rp TRADE CONDITIONs.-walk cop
o,ar sa;s Copper Is steady at unchanged
F" AXE is lsi.c 20 l3.c and electrolytic is
80 -slac per pound Domestic consumers
re-- good buyers. and there is evidence
eill. Rand that American consumption is in
$50 feature Of the situation Is the con-
issue law exports and the steady Increase in
ca visible supply, the latter being larger
y - a. any previous time in the history OF
- - Business men returning from Europe
ssnressod industrial conditions In Great
- srd great activity in Germany. There are
l
go VII Improve soon. This viii be followed
hss,s,ely ny q greatly increased foreign con-
- nj copper. II would seem that the worlds
s~n,iou nov approximately equals production.
-s.s-t decrease In stocks In this country is tho
y. n purchases 10y consumers and spectators
..,ioiuate higher prices later on. The coming
,,,bs should see a steady increase in Amer
= ,,psltyrptian. and by the beginning OF the
= yssr tho demand should have largely exhaust
-. s-1-1lIs supplies A further slight advance
81 . 10 he tod n.aff,
~ N next month, and there SENS good basis
: ~ belief that The average price OF copper next
- vii be lie or higher.
| '.gr MOVEMENT OF COTTON.-The total port
,r,s N cotton. indicated by The Financial
.,.lfle ere as follows. For the week ended
- % the total receipts We're 1886 bales
-, ll.e5l bales in the preceding week. mixing
Z ,o,sI receipts since September I. 1905. 9 s2I Sss
=. eeaiust NgIu.1NI bales for the same period
s---'S showing IN increase since September J.
~ . 15fl.5sI bales Weather reports from the
y, Indicate that the temperature has been quite
| y n The last week. especially I'm Texas. The
-,,r has been light "A rulc. and dry over
= n tho Southwest. The crop, on the whole,
:oing fairly Wei
Il '-1-ED STATES BANK CLEARINGS The
=, hank cleariuss Cf The United States for the
- ended August y, 1903, one day estimated
~ e0o03 against S@o93. Si4. 025 in the pre-
arg week and s. 346 .66i.Vl2 for the correspond
| = veek last wear Compared with last week the
~ ciearngs have increased SIS per cent. Ros-
! INCREASED - per cent New orleans 20.7 per
:, Philadelphia S2.2 per cent, Baltimore 2l1 per
| =. ana New York city 800 per cent
vTTsBURG COAL-Strength In the shares Of
| ., Pitsbwg Coal Company an active volume
4 ssiness IL yesterdays local stock market was
,.snpsned by a report from Pittsburg that the
rrsrn would he taken over by the Pennsylvania
h1ocd The PittSburg Coal Company has
gM1Oa9 preferred stock, SS2 600 600 common
rk and sec. 900 600 per cent bonds. II owns
gsR acres OF coal lands and has under lease
AS acres q unIained land.
wv DOMINION COPPER COMPANY-Tha
b payment o. THE underwriters Of the Dominion
~ Company were made Friday, and the Sc
-te Of the new company delivered 10 what now
-itiutes The present bond and share holders. the
bsldhoders having received their stock and
aspOsitnE shareholders and underwriters hay
Z received bonds and stock TO which they were
ctsd The new company now las outstanding
s-@ Of bonds and 600 shares Of stock
HcAGO BANK MERCER APPROVED
s'shoders OF both banks approve OF the Com
EsA National and the Bankers National or
lsso merger. The new bank viii begin business
s'snbT J. and VIII rank fourth in deposits
s,g Chicago Institutions.