New-York tribune., 1909-03-21
OF THE STREET

,z-7,-~ TRADING--F'oreiEn houses were not
- IN The local market. selling TO a small ex-
hcu'e- balance. In London the general market
ten snu al unimportant price changes. Consols
Wa I.ea5v and foreign bonds remained at fridays
Ne,r call money was in good demand at the
e-r capital, and short lime paper was acIEe
So IS per cent was paid FOR call funds
= African gold TO the amount OF f15o,"D viii
e-,s-ss in the open London market tomorrow
y pe-I,tr-r TRADE CONDITIONS-Walker's cop
.r letter says
-,-rgr developed more decided heaviness at the
s,+fry Of the week, and sales we're reported
ttr gs 7gl 81. for eIeCt-olytiC and l2izC for lake
= p, rssr Two or three days the tone of the mar
q. ~ rss been hluIer Lake is now 1224c to 13c and
ht.-1vtfc -Z-,c 12i-c a pound The sale Of
slet- - holdings and bear operations in the
$50 market for standard copper seemed 10 be
l,.,-rs5hIe for the most recent break IN prices
--t-i-a is feeling in the trade. both here and
t-,sa tat the announcement or the new tarln re
N-.-r s.hedule marks the turning point In the
- .-.I business situation and that from now for
- uh4-e-er change there * IN lhe Hduslrlat
.--s-frn must he for the better The return OF
business confidence is due; The big railroad and
f--sfT1aI corporations VIII begin spending money
i-,,r.-oyerneutS, extensions and equipment I'M
.,7f..ery commodities will move more freely
- 55re labor will find employment. Just at pres
., rrare IS all overprOductiOn Of copper, and
.fs z,ig continue be the case until consump-
.fo7 rqs an opportunity 10 catch up This VIII come
- as soon a. general business in this country
- afrairS its normal volume The foreign con-
7.~--far demand is keeping up. and even gaining
-fe T-nfted States. however. has come TO be ap-
,ryirarely 20 per cent OF the business world, ana
- there Is any lack Of industrial activity and
--a-Deriry here, the metal markets must suffer
-,TzTnF-NlpS DECIzARED.-Dividends have been
ssrared as follows Equitable Trust Company
7--srterly Z per cent an increase Of ! per cent
1,-s--erlv. payable April ! Title Guarantee ana
nc Company quarterly per cent, increase OF
r,er cent quarterly, payable March %; Metropoh-
-s- Bank quarterly per cent, increase OF z OF
-,s~ cent ever the last preceding quarter. payable
,.-=1 I. National Bank OF Rochester regular quar-
rerrv ala pr cent payable April l; American
r2-sks Shoe and Foundry Company quarterly -
rs- cent on the common en- increase 10 q per
~ r1er rp pnr
- r-eferred. payable March 81; Coal and Iron
>-srdral Bank regular quarterly 2l7 per cent, pay
80 A--il !: Chatham National Bank regular quar-
,e-,v per cent; -f,tna National BANK regular quar-
.s-i, -7er cent. payable April l: New York Mort
re and Security Company quarterly 212 per cent'
payable April !
,s" gives the total port receipts Of cotton for the
.e- ended March 1e, 1909, e5.l95 bales. against
7as -5g bales in the preceding week, making the
+o-sl receipts since September l. lSVe' e'44-.ooo
-. sqsfs- : ls6 S5I bales for the period OF
-s7- showing an increase since September l, 1905,
= % sa2 bales Rain has been general and light
.l-7grbol5t the South and farm work has made
r-+z- -roeress The Mississippi is stin rising ano
= Alabama the water IS receding from the nooo
.ss--ir- exreut along the Tonbigbee River.
RANK CIEARINGS-The total bank Clearings
- - T-rfte6 States for the week ended March %
4aa dsv estiulaTedD were S,I55 Ieasloo agalilst ~
81 5aq q In The preceding week and S2SoS54'els
fo- +ra corresponding week OF 1905 Compared win
1s z-sr the total weeks clearlngs have Increased
e re- cent New York City shows an increase
r = ~ cent Boston PA per CeIlt ana fallI
90 per cent
coin FEP0RTS-The Guaranty Trust Com
-s-- Yesterday engaged S2.59o0po gold coin Tot
--s---z--- 20 London ny Tuesdays steamer, and
+5a Tav- York Produce Exchange Bank SVo0"
77-7s makes d total the current movement 10
~ net ra-freI Of Sl0yt5O0. Since the first OF
The wear Ssl6gpp gold has been sent from mere
"a the Argentine and Il Is likely that further snip
-ne,lts 70 Buenos AyTes VIII be mace IN tIle Cu1-
-. - nd additional engagements for London.
,nrrRICAN BANKERS ASSOCIATION--Ihe
s-l-fg- meeting Of the executive council o. the
.-re-i,s- BANKERS. Association Will be held at
45-5s---f4r Lodge R-iarcllf, Manor. y. Y, on MAY
? and : The Chicago Auditorium Theatre mas
rssr secured for the business sessions OF the as
s9~fa-for d-,-fng the convention 10 be held IN the
week ot September 1S.