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

FOREIGN TRADING.-Foreign houses t-aaes q.
both sides OF the local market sales and PURCHASE
being about evenly divided. In the London MAJ.
ket price movements showed trTesaLar1ty a.
result Of realizing sales, but copper shares w-r.
strong on an active French demand Call unonso
at the British capital easier. Discounts ws-.
inactive. Gold to the amount OF &5O0000 Sro-.
South Africa viii be offered in the open London
Of England will secure the larger part
COPPER TRADE CONDITIONS.-walke
per letter says copper IS higher. Lake is@ 17sI
613Z cents and electroIytic IS 1yz cents Ne.
pound Those who have copper to sell ara 1os
anxious to do any business futnre coutrars.
at the present time while. On-the other hand arv
consumers are converted 10 ths belief that tbs
price Of copper VIII not be any lower. bt is IN so-
q steady advance. For this reason they are rora
anxious to cover their future requirements tha,
producers are to sell Exports Of copper contiuua
very heavy the estimates for May placing fbs.
amount as the largest OF any month since Arr
1908. UnQuestiOnably great deal OF the copuA-
which Is going abroad IS being held for Speculative
purposes. $ the supplies in foreign warehouse
on the first Of the month the largest In rnan~
years. There can be no question, however, as "a
the genuine character of the buying for domestic
consumption, as inquiries very plenty ana
every fractional advance in price makes CONSUMER
more anxious to provide for their necessities. n
some quarters It is expected. that lake wiz SCI
at IA cents before July /
COTTON MOVEMENT.-The{ cotton m0vemsrt
for the week ended June shows total receipts of
5S.706 bales, against 10l194 bales In the preced-
ing week. making the total receipts since Sep
l.
bales for the same period OF 1907-0s. showing an
increase since September l. 1903. of f65s 4OS bales
Weather reports from the South Indicate that rsa
has fallen In at number Of points In ths
Gulf states and some districts Of Arkansas Ten
nessee and the Atlantic states FlOOdsadn Alabama
have prevented work Of cultivation
BANK CLEARINGS.-The total bank clearinrz
Of the United States for the week enCed J1ne (
1909 Zone day estimated), according, to "Ths
Financial Chronicle" were g. 786, ,226.8E against
81 sos. sos, AT in the week last year Corn
pared with last year. the total weeks clearinEz
have decreased 9.S per cent. due TO the holiday IN
the week New York City decreased So per cent
and Boston ISL per cent. while ChcagOs sincreased
10 per cent
REPUBLIC IRON AND STEEL DIVIDEND
The directors Of the Republic Iron and Steel Com.
pany have declared quarterly dividend OF ~ us-
cent on the preferred stock. restoring the issua
TO the former per cent basis. and an extra dfvj-
dend OF Il Of 1 per cent on account OF back dfvt-
dends. The company discontinued dividends ors
year ago
o. N CAALIANN. PRESIDF.ST--OsEaIa N
Carnmann. vfCe-presideut Of tis ChesebrousA
Manufacturing Company, has beeut elected to ssa-
ceed Robert A Chesebrough president
NATIONAL ENANIEILINCf AND STA1TPNg
BONDS.-The National Enanelling and Stamping
Company has sold $3.500.O00 refUndtng first moEs-
gaze real estate sinking fund tvveu1y-ysar psr
cent bonds, due 1929. to local baESerA