New-York tribune., 1909-06-04
TOPICS OF THE STREET

-oprTcN TRADING.-Foreign houses dealt in
=, aSa shares in the local market, Of which 10000
ssres we're purchases The heaviest buying was
= T-,i,ed States Steei common In the Lonuon
u -. co,-sos were heavy and prices a rule
a lower though closing with a frmer tone.
W vas in good demand at the British capital.
~ as high as "a per cent was paid for call
an Slo-r time bills were in better supply at
:, ner cent The Bank Of England made no change
- s.s minimum rate. but showed material de-
- :, reserve IN the weekly return, the percen6-
Gu If reserve liability being we'll under that Of
~9.-ael- 20 and . per cent lower than nine
.,r average. Paris discounts were higher. while
--~-,s exchange on london advanced. Berlin ex-
bauge declined
~nTTON AVERAGE AND CONDITIONS
--,sncial Chronicle. in its usual June publication
= cotton conditions says: There has not been
- general tendency this spring toward radical
ssra N either direction in the matter Of cotton
s-aa Locally operating causes have been effective
:. the direction Of curtaiment; but. generally
<,satfnE. conservatism has been the rule. and on
- averaCe for the whole country the result has
80, q small increase I'm area. In maturity the
- % this writing would be called late one. and
.to-afore not as well advanced s a year ago. Low
tsyarerature and some flooding OF bottom lands de-
,ored ulantinE: ana cold weather during April and
-ba first few days of May. culmina ting in frosts
s-ov, he lst the Sd OF the latter month, retarded
,-,,;,stio1 Moreover deficiency of moisture in
cr-jons Of Texas all through the season down to
S-r1t The middle of May adverse influence
hi during the last two or three weeks the
-rea-her has been more favorable. barring excess
- -ai7 in some localities. inducing satisfactory
ssreBopI.lent Of the plant and working a decided
i-r-overlrsnt in the outlook. Condition Of the
-e5t IS now in the main fairly promising and
1art that il is less advanced, Is rather better
fhsn last year at this time.
DTyTDENDS Observation-Disclosures have been
ss.1a-a5 as follows: Chicago & Eastern Illinois
'p,lvav quarterly l12 per cent the perferred
and senai-annual per cent on the common, pay
abla July / Kansas City. Fort Scott & Memphis
psilTsx regular quarterly per cent, payable July
: Fi,th Avenue Trust Company regular quarterly
: ny cent PAYABLE June 80. Ingersoll-Rand Com
i-enr regular seni-annUal per cent on the pre-
ts-a5 T7avaale July !. General Chemical Com
- -e--,lar quarterly IL per cent on the pre-
<e--ed payable July / New York. Lackawanna &
western regular quarterly IL per cent. payable
Jrfv Chicago. Indianapolis & Louisville Rail-
--ov Il. T7er cent on the common, against IL per
ient six months ago. and the regular semi-annual
? ns- cent on the preferred both payable June Is
Toe7ver & Rio Grande regular semi annual 2iz per
cent on the preferred. payable July 10
COPPER MARKET CoNDITIONS--The copper
f-Detal market is firm, and rrodueSTs and selling
,Seancjes are making effort to Sell copper at
uresent prices for future delivery. one OF the
isrre selling agencies is disincned 10 sell copper
:, ~ cents q pound. The stocks Of the United
Ss-slc Selling Company, which handles close 10
- sa ooa pounds of copper year, have been re
6vced materially. and the agency is no longer az
g-sssfve on the selling side. representative OF
ous OF the largest groups Of copper companies says
the tendency Of copper prices viii continue upward
and that l4-cent copper is in prospect before the
cose Of the current month. Sales OF electrolynC
Garner were made yesterday a shade above Lon
RANK INVESTMENTS Carr Henry.
.,5s-n-esidert Of the Union Trust Company. OF TINS
rl,v has complied an interesting and valuable pam
Thie- on hank investments. II gives 4 summary
~ the principles that govern the investment OF
hank funds. furnishing reading which AT thls u'he
IS Of especial interest, owing 70 the large amount
~ r,onev I'm the banks and the difficulty OF lend
sng II at profitable terms
ADMITTED TO QCOTATIOH.-The Stock tx
rhange has admitted 10 quotation in the unlisted
senartrnent Southern Pacific subscription recelpts
far tpentv--ear convertible bonds, second instaI-
rnent paid and has discontinued quotations Tor
these recefuts, first instaiment paid
INVESTMENTS YIELDING PER CENT
Trippe Thompson & Co, in bulletin just issued
eslf attention 10 the small number OF good securl-
-ies zielding more than per cent and point OUT
IN this class as safe purchases Denver q Hio
Grande preferred General Electric ana be'hieiieI'
Steel IS
COLONIAL SAFE DEPOSIT COMPANY tNe
annual meeting Of the Colonial Safe Deposit Com
rarv Edmund I. Judson and Carleton Bunce were
elected directors TO succeed J. w Tappn and An
son R Flower. deceased
yrADOO on LINCOLN TRUST BOARD-NiH-
ian G NeAdoo president Of the Hudson & Man
haitian Railroad Company, has been elected oiFec
Tor OF the lincoln Trust Company