New-York tribune., 1909-05-04
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses dealt in
1900 shares in the local market selling balance
In London the general market was irregular and
inactive in most departments with final prices
Slightly higher in greater number of issues, in
Guiding consols and the Kaf1r shares, Call money
at lhe orIuSh capital was easy al q OF per cent
while discounts a trihe frmer, helped by the
strong demand for gold Austria secured the $780,
900 South African gold offered in the open market.
Bar gold advanced.
APRIL CLEARINGS.-Bank clearings for April
make the best comparison for any month this year.
United States emb acing 1l0 Of the leading cities
according to the monthly statement issued by R
6. Dun & Co. beng $lS,626,42l,S ,SA, an increase of
59S per cent compared with last year and 81 per
cent larger than IN April. 1906, when trade
very active; in fact the April figures this year
larger than before reported for that month.
All sections contribute TO the increase except the
Middle Atlantic in the comparison with 1906, the
at Philadelphia and Pittsburg due TO condi-
tons in the iron trade reducing the total for that
section below that Of April, 1906: Many cities how
ever. report increases. among them Buffalo and
Scranton. In New England improvement is quite
marked the increase in bank clearinss over both
years with which comparison is made being large.
Boston. Springfield, Hartford and New Haven make
very satisfactory reports In the West there are
noteworthy gains, and bank Clearngs Consd-
erably larger than earlier years this period.
especially at Chicago Milwaukee. Kansas City,
Omaha and st. Paul. Many other Western centres
contribute to the larger total There is still
irregularity at the South. though ST Louis,
Memphis. Richmond. Atlanta and other leading
distributing points report gains, but Baltimore and
New Orleans stil show losses
PROTECTIVE COMMITTEE FORMED-Edwn
s. Marston Frederick Aver Samuel Carr and John
/. Waterbury have been requested 10 act as a com
mittee by owners and holders Of stocks. securities
certificates and obligations Of the Atlantic & Br-
mingham Construction Company. Atlanta, Br-
mingham & Atlantic Railroad Company Georgia
Terminal Company. Alabama Terminal Railroad
Company, Fitzgerald, Ocilla & Broxton Railroad
Company, Brunswick Steamship Company. Bir-
mingham Coal & Iron Company. the Oglethorpe
Company and the Terminal & Railway Syndicate.
The committee has filed with the Manhattan Trust
Company, New York, and the Old Colony Trust
Company. Of Boston, depositaries, protective
agreement under the provisions OF which steps will
be taken for the protection OF holders OF securities
and obligations of the companies.
GOLD ENPORTS.-Gold to the amount Of SO00,-
600 in bars was engaged yesterday for shipment to
Paris to-day OF this amount the National City
Bank took $5eoeo0 and Goldman. Sachs & Co. $500.-
00)- Since January l shipments of gold have been
follows: To the Argentine, S7,650.000: Brazil,
$4,000: London. S13. 10000 and Paris $500,
0co. total Of 100000 Sterling exchange yester
day strong with demand rates 10 points higher.
COPPER STOCKS.-ACcordinE to a copper pro
ducer in close touch with the situation, the month
of May is likely to reveal the first reduction in
copper stocks since the organization of the Copper
Producers Association. AS q matter OF fact, TINS
viii constitute the first reduction in stocks in near
y year.
WALL STREET FIRM MOvES.-The firm of
Orvis Brother & Co, which established in
1872 originally No g5 Broadway and for ten
years No. so Pine street and for the last Jwen-
ty-nVe years at No ii Broad~ay, mas moved %
the first floor OF the Knickerbocker Trust
Building, No. 50 Broadway
DOMINION COPPER.-The reorganization com
mittee Of the Dominion Copper Company an
nounces that there has been deposited up 10 the
close of business Saturday IN excess OF 100000
bonds of total of $4,000
SHOWS CROP REPORT-B. W. Snow. in d
statement issued yesterday places the average con-
dition OF winter wheat the end of April at S23
against SIS April ! and 909 at the end Of April
a year ago
AMERICAN ICE BONDS SOLD.-The 100000
American Ice Company first and general mortgage
per cent bonds, recently offered to investors by
Charles D. Barney & Co, have all been sold.