New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-04-18

FOREIGN TRADING -ForeiFu houses sold On
balance in the local market In the London Harxst
American stocks were heavy. IN sympathy with the
general market. which was adversely affected oy
uueasiness the position OF affairs IN Turkey.
ConsOIs suffered a material decline the weakness
in the British premier security naturally being con-
sidered an indication OF a more serious SITUATION
than generally had been supposed The continental
bourses also were weak, and Paris sold STOCKS ~
the London market There was no material cha1ss
in money market conditions abSoad
COPPER TRADE CONDTTIONS--Walker COP
per letter says: Copper is shade drrner, Lake
S I3c 1SisC and electrolytic Is Use 10 Las
pound The monthly report OF the Copper Pro
ducars. Association issued Monday shows that
consumption is increasing and rapidly gaining y
production The March output OF American ml1s Re
pounds Although production made new nsa
record. less than 100000 pounds was added 70 lls
surplus This compares with an increase o. 49,
% 900 600 pounds in the surplus during Feorualss
and almost %. 00O coo pounds IN January II NO9s
appear that the worlds surplus supplies now az
gregate 225, 0OO. 900 pounds. practically al OF tAS
surplus being held by producers and specuAtoIS
Under normal conditions the leading consumes
who are carrying almost no copper at Prese..
should have a stock Of 100000 70 2OeOOoes
pounds in their bins When confidence in the 81
uation finally returns. therefore, it may be e1pe1
ed that the surplus now carried by producers ~
spectators will quickly disappear Dlspa.II45 -S
from Butte state that practically all OF TIE leAe
producers there have begun CurtatlinS theH -
put. Definite confirmation Of this report - =
ing however. In view OF the very pronllslLs .-s
ness outlook 1t would seem that cuftaIIiiFe4ie
unnecessary The worlds present copper suly
does not represent over seven weeks proG prom
and stability Of trade conditions should &C., -
that approximately one months production -
avsiIabI al all times I believe that the aVeIas
conner prices of the first three months OF tlliS
were at least one two cents lower than uhe q
age OF the closing nine months Will be- IL. arr
cI,ita rrohaola that the average price OF 1sVs W.
be above Il cents. and possibly ia cents -,
all signs fail this country is again enterLs -
a period Of tremendous industrial ACTIVITY
expansion electrical equipment and progress
COTTON NOVF,NENT-'-The Financial C hvl.
cler gives the total port receipts OF COTTON 7s,
week ended April L. 1909. as l2lIso oaIess ,s tbs
So $50 bales in the preceding week. 40 rs
total receipts since September L 4sVe' '-srtod
bales against I.497. S1S bales for the same E.ar
OF 19O7-'Os, showing increase since 80 bsau
1905 Of I312.412 bales. The weather HaT 81
generally favorable with light rain IN most "A
ties Cotton planting is generally undel 0S
has been completed in some sections.
DIVIDENDS DECLARED--Dtvtdends nas s go -
declared as follows: Fl. 3. Ciaitn Coinpan- ~
lar quarterly II. per cent the nrst preIeLl, Nav
III ner cent on the second preferred, paysN1o -
I. pennsylvania Steel Company regular 80 I.
nuaI 81 per cent the preferred pay 1Do - ver
Grand Rapids Railway regular quarIell{{ G-snd
cent on the preferred. payable May !. -.nt
Rapids & Indiana regular quarterly IL -. c1rr-
PAYABLE April IS; American Gas ana EAeo' - RE
pany regular quarterly liz per cent Oh '-
ferred, payable May i ~,-s Jrns
total bank arfngs for the United states sc-
week ended April Il. 1909 zone day eseisH - sS-
cording to THE Financial Chronlce, racsding
10 OsoS against S2.S26-1104it IN inc - ,xssk
1eek ana So 1se o4T SIG for the Correspondence tofs
NJ last year Compared with last year 80 New
yrAek's clearings have increased 424 per art
york CITY shows an increase OF Se.9 peI -'r.ut
psitir,ore ss1 per cent ST. Louis Sss Per
and Philadelphia 27.T per cent -, 20
GOLD FOR THE ARGENTINE-t5Sol e. S 80. Ar
the amount OF s100O.0n0 will be shPped I" >S.fors
genuine on Tuesdays steamer by the Tan.
Bank Of Commerce. making $17,5oo.ooo sln''
nary l.