New-York tribune., 1909-03-07
TOPICS OF THE STREET

--oprFGN TRADING.-Foreien houses were rot
~ ~ tlie local market. selling on balance IN
atl-l- tIle general market was inactive at uIlhl-
lohu-. r-ice changes Consols were a shade lower.
l,l T;rt, issues were higher, but the American
- ~ rraflu was heavy Call money at the BRUSH
co,.l vas in fair demand at unchanged quolai
r. Bank of England bought tls.Voo par par ~ Eou 80 l-
rs 900 American gold ana received 1-g ,,,1 -
-, An amount equal to f3S5,0" was Withdrawn
- me Bank for South America.
q -r-r,r SPRING CONAIeN DIVIDEND PASSED.
- ,,1rating Of the Board of directors Of the
-,r-a,- steel Spring Company the dividend on tls
~--7,on stock was passed The last olNlItiIl' t!
- @a-r on the common was declared al d ileeli-s -
Pge-,.-sh1r a 1868. and paid in October speaking
: -. -assing Of dividend in the present llls'fCe'
- o47cer Of the company saN the ahhuaI So, So
.s~+ gave sufficient reason ms report 9Iio" =
~. .f+er the preferred dividends had been paiu
-. - D-as a dedcit of S79,o59. The common GrHl- @
sss In the last year amounted TO SfV4,Ss4- ..le
oeIo - reduced TO S2273942. and the net earn
SUI - sq-55l9 as compared with S2-52o'lSo in
lsF aud S2.54l-o IN 1910 IA,
|,--tI7-r EXPORT COFFEE TAN--The aGdi-
.insI export tax Of % per cent on coitee oI 80 80
4- o-fgin viii probably be applicable 10 d qudII
&C. VARYING from 10000 to L"v'VJo pa6S -. -,
r-,-ns-as OF the quantity yet remaining IA -.
- far market at Santos range belWeeii 'i,eSe
,Ii-s The 5-frauc export tax WIllCn n ie
titFer+o prevailed applicable 10 s'vv'Vyy pas'
IIs;.- the state gross revenue OF approximate
:enaa 90 The total interest charge on Iie p poa
-er+ zalorizatiou bonds of $ia'Vov'' Is So.'''l
IT, ol,iecl Of the 20 Per cent added tax : 10 u -
courage exports and place some hhlt LPo1 .,,aI
srnual supply, which has already reached 'He 'o'-
Of aeaO0O bags.
FIR1IER TONE N COPPER aIheI ; ,l.at -. i
Tx+-er'' saws: The tone Of the copper ulaIAtt -
slightly frrner. Lake IS now y cents and eleCtIo
iz-+yo 72S. cents 70 l2Ts cents a pound lheFe "aS
Considerable h,1ving movement early this WeeHl ''.
po0 GOO hounds or more being taken, practleds an
Nv foreign consumers. Domestic manufacturers aIe
holding 10 their old established custom OF "d1-,e ,
o.. o~7ers for goods before buying the copper 10 Ve
,,sad Il nay be expected. therefore tH'1' ti'e -
-,11.s ~opper IN this country viii oe 'ie'ie- Ul -
current low prices by european - ,,rer At
that American manufacturers VII nus ,YPl ~,
- -. ,,-rer -rev need il later on ihen
-975-,- in This respect encourages forelsh CoiAIs
fftion Of course. Both domesuc @ au ~ -. So ,,i,
sr1ners OF copper are przactca-Iy oa't %
80 IN he !. stea5iIv increasing consumption of
co-5re- and / believe that the price Win pe UP
nrc,-75 u cents a pound before the emu 0i 'il'S
year"
TING C0ArPANY'S NEW HEAD--Francis
- T,-,slf has been elected president Of the Fed
araI Srrelting and Refining Company as successor
10 Charles Sweeney
TEMPLE BOWDOIN BUYS Seattle stock
,-.I-s17fe membership of Chalmers Dale has been
re+e7 Tor transfer 10 Temple Bowdoin, of J. =
,y~ggn & Co J P Morgan, jr-. is at present the
arv stock Exchange member Of that firm
City OF LIMA BONDS.-Edward G. Johns Of
n a. Exchange Place has issued circular suS-
-sstirg rbe purchase of Republic OF Peru, City Of
Tiraa s per cent gold bonds maturing January 1.
7q54 These bonds, authorized by the President Of
PERI are a direct obligation Of Lima. being pro-
teced by tie credit Of the city. whose annual IN
come is about So, Coo by mortgage on the spe-
Income Of tile city. and by absolute first
mortgage on the Indispensable property. They are
,ss,1ad I'm denominations Of 500. $50 and SO each.
IRE bankers call attention the fact that the large
,5aId on the Investment IS coincdent with the
Willing interest rates OF Peru
COTTON NOTEMENT.-'.Th Financial Chron-
lce gives the total port receipts Of cotton for The
week ended March q. 1899 l50.074 bales. against
1eSqS7 bales in the preceding week. making the
total receipts since September J. 1905 S,190.699
haes against 6.e35.32s bales for the same period
of 7qe---uS showing increase since September I.
7a07 Of 1z5e-5 bales. Very little rain has fallen
during the week. In some parts Of Texas there
has been Ilelt precipitation Farm work is making
good p~ogress The Mississippi is rising. and at
Memphis il 34.S feet. Is feet above the flood
stage
BANK CILEARI%CiS.-Tha total bank clearings Of
she Trited States for the week ended March zone
day estimated according 10 The Financial Chron-
.cle vera s. 223 e32.459. against $2G69962l14 last
week and Se.-2I 64tCi9 for the corresponding week
of 1898 The weeks total ClearinEs. compared with
last year. show an increase Of 81 per cent New
York City shows increase of 1t-5 per cent, Bos-
Ton S5S per cent and Baltimore 2I-S per cent
BONDS To BE CERTIFIED.-The Columbia
Trust Company viii prepare and certify 10 gen
uneness tls issue Of $4,000 Utica. y Y, refund
Ing bonds recently purchased by William Solomon
& Co Of this city: also the city bonds Of Syracuse
70 the amount II 1920 oc0 bids for which viii be
ceIved until March 16-
APPLICATION TO IIST-ApDHcation has been
rade 10 the Stock Exchange 10 list S35O,00o addi-
bords due 1919. OF the Minneapolis * St Louis
ciirrrr- Gov