New-York tribune., 1909-11-04
TOPICS OF STREET

FOREIGN TRADING houses
we're not active IN the local market, buy
ing 10000 shares on balance. In the Lon.
don market prices showed We 4, III lrreguias s,ias
due 10 liquidation, American stocks closed
nm on the curb Call money in the Brit
fish capital was in Lighter ttes demand "a ana
frihe above the closing Of the preceding
day Paris exchange on London declined
snd Withdrawals of gold from the Bank of
England for South American account were
made. The issue Of six months treasury
bills was allotted at an average Of "a Is so.
NEW La ROSE POLICY-The direc-
tors Of La Rose Consolidated Mines. who
have lust returned from an inspection of
the eompanys property at Cobalt, have
decided 10 pursue at once a conservative
yet vigorous and aggressive policy in the
simultaneous development OF the mines.
etill large, II Is not 10 be expected that
this one mine OF forty acres can furnish
indefinitely the funds necessary TO pay
velop and bring to the productive stage
the otter. valuable properties of the com
psny. With this object in view the board
has determined 10 put aside a largely in
creased amount for tie development of the
various claims so as 10 place them as rap
increase the cash reserve in the COM
panys treasury, and TO increase the COM
have been attained the board has decided
10 reduce the dividend 10 S per cent
year. payable quarterly
OCTOBER BANK CLEARINCS - The
bank clearings for October maintained the
steady increase which has been marked for
several months, and payments at many
cities were larger than ever before. Total
exchanges az all cities I'm the United States.
according 10 the statement issued by r G.
Dun & Co, which embraces lls leading
centres, were si5, ,66e, ,0i47ll. an increase OF
ss5 per cent compared with last year. and
OF 70 per cent. compared with 1906 when
business was active
IT'D ~ r-7-frN
estimated that since the United Metals
Selling Company cut the price of copper
last week sales OF the metal aggregate
total Of between 25,e 900 and 50ooo, 900
pounds. The large producers are now pretty
well sold Up until the latter part OF the
current year Sales of copper were report
ed yesterday at q cents a pound. One
transaction Of .900, coo pounds was reported
81 that price. The trade is taking much
more cheerful view Of the situation, and
the consensus OF opinion is that copper will
he selling much higher before January /
NEVADA CONSOLTDATED.-The report
OF the Nevada Consolidated Copper Com
pany for the year ended September 80 shows
net earnings from operation, 81, ,062 divi-
bends received, s452ys1; interest, rentals
and miscellaneous earnings, S7.6l2i divi-
derds accrued. but not received, Sl5o00o;
total income. g, 235 66i: interest on bonds out
standing, si747sl; surplus. s2,GGls7l. The
number Of pounds of copper produced IN
fhe year. was a. 5Z7. SIS. The report states
that GRE reserves have been increased by
NEW CURB STOCK-Applicatio 10
list the stock Of the Juno Oil Company
has been made to the curb agent The
stock was posted yesterday. and will be
dealt IN on the curb within five DAYS. This
g believed 10 be a forerunner of other
listiugs Of oil companies The Juno on
Company is incorporated under the laws
cf California II has a capitalization OF
100000, divided INFO 100000 shares Of
s. each. Il is the owner of two hundred
acres in the celebrated and sensational oil
fields Of California known as the Midway
district The oil field is in Kern County,
which rivals the gold boom OF 1S4s.
DIVIDENDS DECLARED - Dividends
have been declared as follows; American
quarterly IL per cent on the preferred
4 and = per cent on the preferred B,
parable December l. MASSACHUSETTS, Gas
Companies. regular seni-annual : per cent
on the preferred and regular per cent on
the common. payable December /; Dia-
nond Match Company, regular quarterly
> per cent. PAYABLE December Is. Crex
carpet Company, regular semi-annual ?
per cent and an extra = Of l per cent.
PAYABLE December IS.
BANK CLEARINGS clearings
for October maintain the steady increase
which has been marked for several
months. and though there was interfer-
ence by holidays at several important
points ard one less business day. pay
H1enrs through the banks for October st
many cities were larger than ever before.
tetel bank exchanges AZ al cities in the
-nited states, according tdthe statement
braces II6 leading centres. were sI5.66e-
nz4711. an increase Of 29-5 per cent COM
pared with last year ard Of s per cent
compared with 1905, when business was
very active.
FRISCO BONDS IN PARIS-Cable ad-
wees received from Paris are TO the eff
fect that ST Louis & San Francisco Sl0.-
o0e. geo fifteen TO twenty year ; per cent
gold bonds, French series. have been listed
on the coulisse OF the Paris BoUrse. These
are the bonds sold 70 French bankers some
time ago by SpeysT & CO.
EXTRA TOBACCO DIVIDEND. The di-
Tectors Of the American Tobacco Company
have declared the regular quarterly divi-
dend Of ~ per cent on the common stock
and q. per cent extra. the sa NE as three
months ago. Both dividends are payable
December J
OKLAHOMA GAS BONDS-N. W Har-
ris & Co. and the Harris Trust and Savings
Bank have purchased 8, 500 600 first mort
gage per cent twenty year gold bonds of
the Oklahoma Gas and Electric Company.
Of Oklahoma City. The bonds viii probably
be offered in the near future
RECORD BANK Bank
clearfngs IN this city yesterday amounted
20 SIZE. 40, 80. a new high record The last
preceding high record for cie2rings was
sess S4s $50 on January 3, 1905.