New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-10-26
TOPICS OF STREET

zopr1cN TRADING.-Foreign houses
-. n Il 600 shares in the local market.
q purchases. In the Lonoon MARKER
ssL,e-;can stocks were strong. put ths gen
AInael st was inclined 10 sell of, though
ere, -- firm on the somewhat improved
elos-esv market conditions al the British
laSS5.s;l TIE rally IN American issues was
- chiefly TO buying for New YORK &C
oss The Bank Of England secured TIE
900 South African GOLD omerec IN the
tssr market and bar gold oechned 5zd.
80 rgs us discount rate from the Ter
60 level esta blisned a week ago. open
CEN discounts n the London market
we're easier.
ANALYsIs OF GINNING REPORT
-t--frc returns to October Is TINS year
S--- clearly that the rate at which raw
Softon is being prepared tor market mas
bsrlIr to fall considsrao BY behlnd mat or
--esr preceding. There were laO,5i5 bales
% 1As'ir the total than for the season before.
,-ssSS-,rsred with the crop OF 1907, the ginning
e.-,rrs this year show an increase or
90 bales, and gain OF 0Ss.s10 bales
- he crop OF 1896. Last year. TO the
Stsse-ticsl date. there was sinned 40 Ter
- al tie anal crop. AT that rate the
ssssIrste yield OF p 0Oo 900 bales. But gin
- oueratlons this season have no doubt
- more active on account Of the much
sfSher price Of cotton, so that larger PRO-
--a2tion Of the crop has probably been
fS-red than in the preceding year, when
s-f@es we're SO q bale lower.
United STATES SMELLING DE-
rET-I TS-The United States Smelling
ro~nany, owning q zinc plant at Cannon
81 Col has failed to pay the october l
co-,pon on its hrst mortgage bonds An
osEcer Of the company said yesterday that
- business conditions had been Such with
-.fs-e-ce 10 the product, which is a zinc
80 uigment. that the plant was closed
se--n some months ago and the company
IS therefore unable TO make this pay
.eT+ II can be stated that the business
- he resumed, but not until trade condl-
.s,DS warrant profitable operation The
I-rira5 states Smelling Company is con-
rolled by the Jni-ed states heuuCtioh ana
Refnins Company
NEVADA CONSOLIDATED PROXIES.
1T is understood that proxies represent
;rg fully 50 per cent CT the stock OF the
bean received by the management OF the
-or-narv 10 be used at the annual meeting
~ November ,. This assures the ratifca-
,1on OF the recommendation made by the
Si-srtors 20 issue 10000 shares of new
s-ock 20 be exchanged for the shares of
ne CurlberIand-ElY Copper Company on
me basis Of one share OF Nevada Console
fsreF for three and one-Quarter shares OF
lie cum berlaud-Ely, and also for the con-
tsrsion Of the present 6 per cent convert
me bonds into stock of the company.
coin FXPORTS-The Bank of New
YORK VII strip $500 600 gold coin to Brazil
tc-uorrow, making total exports to South
The National Park Bank sent 100000 gold
coin 10 Canada yesterday and the Bank Of
New York 5000. 900, q total TO Canada in
ne last few days of $500. 600.
COPPER TRADE CONDITIONS The
weakness in copper metal ct London is
, SAID 10 he due TO realizing on the metal.
Tns5e necessary by the stringency in the
money market at that centre. The decline
II prices there, however, mas not been re-
Hected 10 any extent in the local market.
Conditions here are quiet but steady with
me general quotation for electrolytic at
l3c.
7,Tz-r1r,-0 OECT ARrn Tba h-o-i
can Chicle Company has declared the Gus
fomsry monthly dividend Of per cent and
an extra dividend Of ! per cent on its
common stock, payable November 3.