New-York tribune., 1909-07-14
TOPICS OF THE STREET

FOREIGN TRADING-Foreign houses dealt in
less than lc,oo0 shares in the local market about
evenly divided between sales and purchases. In
Ihe I@ondon market consols were heavy. and the
market as a whole weak until the late trad
ing Nhen a stronger tendency was reported
american stocks developed an unsettled tone On
the curb Call money the British capital was
easy and discounts were flFmeT. The Canadian
loan. according TO late cable dispatches, may be
regarded a failure the underwriters have
been compelled to take 49 per cent Of the issue
Continental discounts and exchange showed no I'M
portant movements.
COPPER MARKET CONDITIONS of
lake copper have been made at 1917 cents pound
and electrolytic at 13N cents a pound. The large
selling agencies and producers are quoting elec-
trolyuc below 1917 cents pound. and as a result
Of concessions there has been better demand
One selling agency disposed of 100000 pounds Of
electroytic on Monday for delivery in the latter
part Of August ar shade over 15l4 cents iheIe
has been little demand for copper for over month
and this leads the belief that pronounced huy-
ing movement viii start in the near future.
ROCK ISLAND CROP REPORT-Ihe ROCK
Island crop report for the week ended july slioMs
ell crops in fine condition, notwithstanding nedNS
rains the last fortnight The harvesting OF WIN
ter wheat has been delayed somewhat BY rams eLG
corn in the loyvlands is flooded, but the general
condition of is splendid, with a bumper crop
expected in every state.
UNITED STATES STEEL-The United States
Steel Corporation is now operating aeout ~ per
cent of its normal pig iron capacity, the hlghest
average reached since Octooer. 1901. This means
that shipments being made at the rate OF
about 81 per cent Of production IN Ihe S"aI lSV "A
gain of per cent, and the Steel Corporation VIII
he turning out as much pig iron as IN 1907.
DIVIDENDS OBSERVATION-DISCLOSURES have been
declared as follows: Federal Sugar Refining Com
pany, regular quarterly IL per cent on the pre-
ferred. payable August ?: Chicago & Alton, regular
serni-annlial 2 per cent recommended on the com
mon by the executive committee OF the poaro OF
directors: Nashville. Chattanooga & St Louis, reg
ular semi-annual 2iz per cent, payable August :;
United States Realty and Improvement, regular
quarterly per cent. payable August ?; Homestake
Mining Company. regular monthly 90 cents paya-
bic July p: Home Insurance Company senll-an-
nual 12ls Per cent
GOLD FOR GENTINA,-Kidder. Peabody &
Co. have engaged Sl.0no0o0 gold coin for ship
uent "a Buenos Ayres in the course of the next
two weeks This is in addition 20 the $l.5oo.oo0
taken by the firm Monday The Merchants Ma
tionsl Bank withdrew $4,000 gold coin from the
Sub-TreasuTy yesterday for export TO the same
point Total the movement 10 Argentina since
January l. 81 65a0o0, and TO all countries S68 $4,000
TIRGINIA-CAROLINA CHEMICAL,-The direc-
tors of the Virginis-Carolina Chemical Company
have declared dividend of per cent on the com
tember. 1919 IN 1895 per cent quarterly paid,
and that rate maintained until June, 1902 when
Il was increased to IL per cent quarterly.
APPLICATIONS TO LIST.-Application has been
made the Stock Exchange to list S. 49T 0 addi-
tionaI first refundins mortgage 4 per cent bonds,
due 1855. Of the Southern Pacific Company, and
$4,000 additional first and refunding mortgage !
Per cent bonds. due In 1851, of the Iowa Central
Railway Company
COPPER EXPORTs-The total exports Of con-
Per for the month of June were 1914 tons com
pared with 2a,9e9 tons in the same month a year
COTTON EXCHANGE SEAT SOLD-The Cotton
Exchange seat Of the estate of Z Stone has been
sold to L. N. Pearsall for $4,000.