New-York tribune., 1909-08-08
:,rIls OF THE STREET
sAnING.-Foreisn houses were NOT

-eA0ING.-FoHeisn houses were NOT
.ssFii> ,s~SI market. selling slightly on BAH
=. 8 ins .E,5on market speculation was an-
- D. y, ,,nportant investment buying Was
-. sls American department supplying the
,,s.s .,v - on speculative account Win Sst'oi"a
scdFie e.,.ss states Steel shares. Money al
.sh Y t-,,al was easy, the fresh issue OF
Bfitsh ho o'i hsving no effect upon rates. DIS
..ag p-' .rfae lower. South African gold 10
80 Esl. :, $4,000 viii be offered In the open
!. sro..H'-tet tomorrow, ana VIA Pionaoiy hs
80 me.n The Continent and the Bank OF
issaA. Trade CoNDITIoNs.-Wnlks Cop
,lqPEh .,-s. copper is holding firm. and
q Isi'ei - volume OF business. Lake is l3ss
- starfrpytc 1911 10 lsh. cents 3 pound.
- 81 a..,, what ] believe TO be th0foushiy rs-
- ron .bat arrangements have been mad.
- sosl0@ .,,v,llated surplus OF copper held
Z Estp "N.,rlative ~ interests, on the market at
stey ~ - -, lgl, cents for elecrOlytic and lSA
.:h.s mil tie consumptNe demand mas IN
p - ssrfaciently 10 absorb IL Ihls means sh-t
-d 81 81, - s,y weakening OF prices the spscu-
ne e'e.' ~ the metal VIII not be thrown
lTe ho'e.,,, and Il would seem 10 be a prsc-
he H1.oe that copper prices viii be main
b sS.'-4o,,, their present level until such time
- s-,s - usrrant = substantial advance Ahe
!. cnai.Ss ssytces from manufacturing centres
.,s.'-ss ss,~,estic consumption now approNimates
%. e.-ss az copper monthly. Exports are a:
.,a 'I.,rs mark but il appears that consis-
p --o,or,ion Of the copper sent abroad Us SO
q - sforace for the account OF she Shippers. or
= HS5 S5,,srea on account OF sales 20 speculative
- c. &C. The foreign visible supply OF copper
;gi' ,rss 1858 long tons. the largest in
8 At-s =, tie trade. il increased over 20cnoe0
y ls..-s month. We're II not for the fact that
$50 -vs8e business outlook is exceedingly en-
y Hu1 a., now the accumulation OF surplus
srat'e ',ls he considered a serious menace 20
81 rl,ere are innumerahle historical prece-
'''esyer. = ''''.e which go 10 prove that in periods
- - e,nsnsion there is never enough cop
gH1--l, AZ demand, and that always in such
y y. errrerae advances in prices occur. u Is
go -.,ss therefore. that the surplus now eN-
= .r sA. s,on be absorbed. and that the price
sH ,sn again advance 10 Is or is cents a
Fl-.-o q RTFTWF,STERN.-fc is reported
lai,.a.o mat the Chicago & Northwestern con-
les - the sale Of an additional s2S0o.eeo OK
s-l-.,r stock IN the near future. The North
| 2 a'-'- has outstanding coo OF an au-
80 sssra Of Sl7- Ss. $50 Of common stock, and
-, ~ rrsscrred stock. In February, 1907.
L...,,.-s were given the right 10 subscribe for
- cor,rnon stock. at par At the North
- offices in this city nothing is known of the
80 rev, oNering President Hughitt is in
- sns Vice President Osborn is out OF the
- AZ indefinite vacation. II Is not expected
~ a directors meeting VIII be held until after
!. .rrBal stockholders meeting 10 be called in
- ,,oz-rNFnIT OF COTTON.-The total port
-. -. - cotton as Indicated by The Chronicle
-. s,l,Vs. For the week ended August the
- rsoerts were 7.Sls bales, against A'lS bales
: =. n-eceGing week. making the total receipts
= ssr,snber (. 1908. 9796.3N bales, against s,242,-
-.,ss sor the same period OF lS07-'0S. showing
: ---esse since September ]. lsS, OF l.5SS7s
=, weather reports from the South indicate
t,.-shls conditions and Improvement OF crops.
IN Texas there are complaints that owing TO
= Ecsther and high temperature, the crop con-
--gs 10 deieriorate."
TOLEDO & ONO CENTRAL DIVIDEND.-Di-
.,,s al the Toledo & Ohio Central have declared
,sh-iena Of per cent on the preferred stock and
~, e,nt On the common stock. out Of income for
3, war ended June 3d. 1853. payable August IS.
81 On February q, laa9. the company paid the
rn, amounts oGt Of surplus for the year ended
l.1t 81 lsN on June 80, 1875, the Hooking Valley
Rrzsy Company owned all but S54,leo Of the So
Ew common and an hut Sn.6so of the s3.70S0eO
rt,srsd q the Toledo & Ohio Central
BAyK CLEARINGS.-The total bank clearings
,r ihs Uniied States for the week ended August
~ iCne cav estimated). according 10 The
Financial Chronicle were SS.1SQ.SSl ,0S3 against g..
ic1gs for the corresponding week OF last year.
Cu-Tarei with last wear there was an increase OF
? Ts- cent New York City showed an increase
q q ps cent Boston 2ss Per cent, Chicago 2o7
~ rent and 81 Louis 9s per cent.
STEEL STOCKS APPRECIATION.-The i'm
p'Tausli b the steel trade, which set in shortly
trE ntdscaraJiun ~ an open market the latter
~ hhruary has benefited the shareholders
q sever companies nearly $500 900 from the
i- q view of appreciation. or the gain in ques-
w-ne than s-50 90 e)o Is credited 20 the United
Hs Gael Corporation. tho common stock apprs-
us Nh&sa8 from the level Of February last
a. % preferred stock SSol62.55s
liver RIO GRANDE BONDS.-Denver &
= s-2nis first and refunding per cent bonds,
= i4fcaase NJ $500 oo0 81 which by the Deutsche
biE y Berlin for distribution among German
.eaofs has recently been announced, on con-
t2sa1y Increased activity during the last two
tiee days, have sold up 10 IS. the highest price
,ala Slice they were brought out by the Blair
A-lSaomon syndicate IA January last.
lHFER EXPORTS In the last week in July
alIe OF copper totalled S.5s0.5ss pounds. The
- amount sent abroad in the month was 7S,50S,-
l'llos The foreign visible supply at the first
pa current month showed an Increase Of about
-H~ pounds, and metal men on this side of
Ns'ef are of the opinion that the producers
- rs OF August VIII show a decrease nearly
E.y
ID ANTHRACITE SHIPMENTS.-The July
s.-'eAS OF Tie anthracite roads We're 900, 765
a. against 4,iI,5V6 tons in July; 1905, a de-
80 ~ VI l4l tons For The seven months ended
- =. ~ -s1s' the shipments We're 359 ,ss5 tons,
- cH-7si6 tons In The corresponding period