New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-10-23
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses
bought about 15,0o0 shares in the local mar
Steel supplying a large proportion Of tls
business In the London market prleS
were lower, with further liquidation n
American stocks, which closed weak on -
curb Cable dispatches estimated tar
American finance bills TO the amount O
100000 would mature in London within
the next three months. with a similar
amount of short dated loans. Call money
in London was firm. Discounts on shQr.
time bills ruled at AZ per cent Conf
mental exchange on London was strong.
BANKS GAIN CASH.-The reported
movements Of currency this week tndica.s
gain In cash held by the banks of $751;
coo. On interior transactions and on o.
efattOnS with the Sub-Treasury the move
mentS in and out OF the banks this week
offset one another. The banks receives
from the interior SS324,00o and sent 70 the
sent to Canada, $1,000 transferred throusl
the Sub-Treasury to New Orleans and
$4,000 national bank notes sent 10 Wash
lnston for redemption. The gain from the
interior was $4,000 Receipts of new gDd
were S2,O04,o 600 namely. on New York As
say Office checks s.. 1885, 00 on San Fran
cisco Mint checks $4,000, and on Seattle
Assay Once checks $3.50 Gold exports
amounted 10 S20O.00O gold coin to Brazl
Ordinary disbursements BY the Sub-Treas
ury were S23.3l0,O00. Payments by the banss
TO the Sub-IreaSury for customs, internal
revenue. ) per cent redemption fund. ETC.
we're $25,1SJ,0Oo, showing a loss on SID
Treasury operations proper OF &.SI7.0eG
EXCHANGE AT GOLD EXPOET
POlNT-FOreign exchange rates alValCai
yesterday To a level that encouraged ~
idea in banking circles OF the POSSIBILITY
OF gold shipments from New York 70 81
rope, The strength OF sterling has broGs1
about resumption OF gold exports non
mere 10 South America, $4,000 being en-
gagged yesterday and 500 000 the day ~
Iofe, the operation representing the Settls-
ment OF London obligations IN South Araer'
lea at the expense OF the local mars1t
The American Exchange National SalN
sent S5oe.eO0 gold TO Canada and the BaaA
OF New York 100000. The higher discOE1ss
IN London have caused a marked adva1c'
IT. Continental exchange on the British car
ital, and II the per cent Bank Of Ehf
land rate is not effective IN protecting rs
other advance in the rate. according q
cable advtceS. will be made An active Or
rerinS Of bills in the local exchange mar
ket BEFORE the close OF business YeSteTcst
caused q reaction IN rates. demand stels
Ing CLOSING 10 points OF from the preosi-
ing day.
NEVADA CONSOLIDATED COPPER
lie declaration or quarterly divtden& 2
81 cents share on the stock OF the Nevaea
Consolidated Copper Company yesterday T.
equal To 81 50 share a year, and calls fol
disbursement Of S3.OOO.0OO annually
GlFlIendS- This carries out the pans e.
the Guggenheirn interests, announced eal4
IN the year. regarding the payment Of te.
bends by the COnpaRieS controlled BY t1e'.
Last summer dividends at the rate Or
per cent year were declared or the stoeN
OF the Yukon Gold Company, and II Is e.
pected that the second quarterly dtsonls-
ment on this stock viii be announsss
shortly. The dividend on the stock or ~
Nevada Consolidated Company practcaF
means declaration OF q dividend On -
stock OF the Cumherland-Ely Copper Co'.
pany, as all stockholders asserting 70 -.
plan OF exchanging CUmbsrland-Edy 49,
for the shares Of the Nevada ConSsonq1A..ss.
on the basis Of 80 shares OF CumoSt 49,
Ely for one share OF Nevada ConSolettS'