New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-10-17
TOPICS OF THE STREET.

FoRElGN TRADING-Foreign houses sold
a.ance IN the local market their total operations
Ing less than 1000 shares IN the London mar
RI American stocks were weak and unsettled,
E'e the general list firm. with the exception
the copper shares which were lower. Selling
70 american isz--z -esresaaLsd nothing
a-lad realizing. Call money the British capital
as unchanged and discounts remained arm. The
Bank Of England sent E5sO.OO0 gold 70 Egypt and
- 40 10 ConstantlnOple.
COPPER TRADE CONDITIONS. - Walkers
weekly copper letter says: The current discussion
sposition OF many who should know better
fo see the future OF the copper situation from q
Tessinistic standpoint, hardly merit sincere con-
Ederation On two previous occasions since haVs
been writing the copper situation conditions
lave been almost precisely as they are now. The
isst time Was in 1902 when there was an aceunu-
.7ted surplus OF 3Oo.eO00oo pounds. equivalent as
related 20 production and consumption at that time.
n 500 10000 pounds now: and relatively as many
new producers were coming in then as now. The
pessiTnists pointing 10 Greene Consolidated
Calumet and Arizona, CRANKY, Bully Hill, Tennes-
see Copper, Copper Range, Mohawk ana Titan Con-
s3hdated As the new producers which were re-
Fpousibie for the oVerprOducuon and which were
destined prevent copper ever selling as hlgn as
a cents again. That surplus was ABSORBED IN a
very short time the output OF the new producers
sent into consumption, and the advance IN metal
Prices never stopped until they reached . cents.
berin tie history OF that period very vivid
d. cannot but feel confident as 20 the future OK
he metal market now. There IS not the shaooW
y a doubt IN my mind that the price OF copper
rl average approximately Is cents q pouno
throughout next year"
/ MOVEMENT OF COTTON-The total port re-
oeipts Of cotton. indicated by The Financial
hronicle,' are follows. For the week ended
october Is. tie total receipts were s427s3 bales
against A6,Cl5 bales the preceding week. MAKING
e total receipts since September J. 1903. 1854
es against 734 533 bales for the same period OF
10 showing increase since September, 1893. OF
LOO bales Reports from the South indicate that
ne weather has favored the gathering OF the crop
auI-ug Tie week. and that there has been excellent
progress with picking and with marketing well.
heavy fTosts were reported on the 18th "a 3 num-
ss- Of districts
ACTIVE IRON AARKET-Rogers. Brown g. CO.
~ IA spite q record production Of steel making
-Olls' ne demand fOr Bessemer and basic con-
--.-ee aciLFe and large tOnnages have been placed
a-tl1s tle weeE. The production OF foundry grades
increasing also. though not so rapidly, and the
-ei-AIle seems TO more than keep pace with the
/ output sales not large this week but
-7rslrr p-OD seems 10 be growing RAPIDLY one OF
re most Interesting features OF the buying 81 Ia.
"ay small consumers are increasing the orders
hey placed some weeks ago. Orders for Snished
material IN al lines are running way ahead OF sIl
TIlscts ions"
LOCOMOTIVE ORDERS-Ths following orders
i9F locomotives have been placed with the GmeTf-