New-York tribune., 1909-01-09
TOPICS OF THE STREET.


~ oa9 shares in the local market, mostly sales
london the stock market was inactive and incaE
to sag Call money was easy ana dlscounts ~
frrner at the British capital Loans TO the aHo-
~ r,ore than II 0OO0G0 due the Bank OF EngZa
u-ara Maid of The continued demand for gold m
Paris account may be effective in bringing sosr
an advance in the banks minimum rate OF disco1u
next week
RANKS GAIN CASH-The reported movsms-r
Of currency this week indicate a gain in cash as5
bv the hanks OF S142IoloH- nearly half OF vhhi
came from the interior The banks received trUu
the interior s14 9SS 700 and sent TO the interior sis
500 including S.S54do0 national bank notes sent 70
Washington for redemption The gain from the II
+erior was S. S2210n. Receipts OF new gold vers
81 $50 100 Of which s1-a95l@ on New York ASA
ONCE checks. $4,000 on San Francisco mint checks
and 81 100 on Seattle Assay once cheeks OrdnaTT
disbursements oy the Sub-TreaSu-y we're &s,.4l9"
PAYMENTS by banks 2" the SUo-Ireasury ror 'us-
toms internal revenue per cent rederlptlon flna
etc were 81 f69. .oIe The gain on the Suo-Ireas1r
onerations proper was G.51S.3Go The gross recsV7
from the interior Of St49SS 0o compare with gros
receipts In the corresponding week OF lg8 Of SIS
g7+ 600 The money came chiefly from the South a11
nearby Eastern points and from the near West
COPPER TRADE CONDITIONS--Walk alkeTs Cor
,s- Tet+er savs. Copper IS quiet but firm Lake
i IA, 20 141. cents and eleCtrOyrlc IS Ia GEMS
pound The recent reports OF stI7 Oh |Va'
pounds of copper at 1ti- cents were U7Warran'ea
ono ciDHer should have been dropped. as JeFe VeS
a sale OF 90 0gG pounds at about the prlce NAMED
II had been expected that there would % a neaFy
buying demand foF copper during the nrst @ WseA p
the new wear. Although there was the pest e'
ba sis for this relief tia buying did not natefsl
the sharp decline in security prices causing con-
Sumers TO hesitate and t. buy only SaCn anio4ac
as they required for immediate Use l-7 ous7is
ara still In the market. ana there are s0ne goo9
bids fraCtionaHy below the quotations ElVen ~
ducers are exceedingly confident -'77aver ana @ az
more disposed to raise their Offering prices tnan 70
lower them AS general business IS steadily IN
proving there is every reason ;or commences ~ llI-
there will be heavy buying demand soon N-.,,
will cause an advance in tie price oI ne Isya- 1
Viewed from an and every possible standpoint
copper is worth l. cents pound At tnls prhe
is successful competitor with many other rlstas
and materials for building plumbing tank haAlns
etc and in the electrical field where mere SC
rapidly increasing consumption Il Is pEacucs4 -
without a rival The production ot copper = So
ing but not rapidly aS ConNuiupl''i- - - -
con nhdent that the average price az copper uIls ga
Will be at least 10 cents pound
NEW CARNEGIE TRUST DIEECTORS.-Ias
following rev directors have been 0iecIeu - ~ ~
board Of the Carnegie Trust '"-aTi,E- va " Al
Condor. Samuel II kreSS- tharle~ \. .ioyle' -
and Joseph =. ReichIna2r- OF "" IoIAs e.
Caoree NJ Courts Of Galveston. George l. CIaUo-
Of Cincinnati. and John Cudahy. oi t-lctsU
directors have declared Seni-drut-tl li'Ii7l"
per cent. payable in. monthly instruments pla-s
the stock sn per cent basis
FANK CLEARINCfS LAST iFAF~-Pli1
streets reports that bank ~lear-us~ NJ lvl crS'
in the United states in lgo> aggregated s1SL,,S
SS1244 as aga inst S1f2.s9 j52S"l IN t'l'' S1'S,-
O0n in 1906 and Sff2.11+ aoa.ooo IN 1907 ne YS
te!nE SIS per cent. = per cent and - ler 1eu' >
sIective1v. On tho other hand the 1903 ''t4- =.
ceeded that Of 1905 10y more than 70 per GENT 80,
Of 1908 10y more than >" per cent and ti4t Q. - -.
when The effects Of our last previous great U7E--
sion were in evidence. by IS9 Der cent
GRAIN EXPORTS FOF; THE WEtN--olatt
streets reports the exports o5 grain for me ~ ~
with comparisons, figures i'm bushels. as 90 sn
Wheat Hour included. @...5-o@5- against S,--o -,
last week and 5SO4,2I$ i'm this W+eN a. a. sc a.
fiscal wear 1Ia.73To5a. compared WITH I-., I-S,o''.
in the same time year ago. corn SD. - a,
trasted With 102J.495 last week and l.II, l.II,,s' 80
1905 fiscal year. II. .a30. rs. against -'''7'r-fi
year.
DF\Vf,F < Bio C;FANDE--Thr sale of Lvu -,
& RIO Cfraude frs. and refUudiug per eeilt 30 -,
IT is auruortativeIy stated Is an unqalineG =.
cess The loan will be greatly ov0rSi'oscrloeu -.
total subscriptions already exceeding me @H-
of the issue. -
APPLICATION To LIST.-Appiirdtlo1 HaS S, ~.
made To the Stock Exchange 10 list SL7VV'90V de-
souri, Kansas & Texas additional first and -,l-sI
mortgage per cent bonds and s2-l1e'oO all-'
general mortgage 41z per cent bonds -.
DIVIDENDS DECLARE,T'-- pividerds hsvs .-srs
declared a. follows. United cigars Mdnuido'-v, -,
Cornpany Initial per cent on The eoInIllon' Is,
able February l. Brooklyn City Railroad. 50
quarterly 21z per cent. payable January 10. -.5I.
ern Pacifir regularly quarterly Ia per cent "a
February T. x.-v.
NEW YORK AIR BRAKE.-The stock = E1cg-sss I5-ss,
has received notice from the New YORK ALos Az - y
Company Of the ccupany's proposed lncIee - -.
S. oOO. 600 in its capital stock 10 S12'"'''9'' i
version OF bonds