New-York tribune., 1909-12-05
TOPlCS 0F STREET

-,ppER TRADE CONDITIONS. walk
Ssarper letter says: Copper Is weak
- owe. Lake l. ls- 70 lSA cents and
ss.c.,rolytie s lSA 20 lsss per pound II is
SO - sersand, which advanced the price
49,. IA 4 cents. VAS brought 70 an
a. termination BY the court decision
,sms for the ss,, 2ssSSSu1n ,. q ~. ne STANDARD
~ Sscining tendency IA the security mar
s ny aas most pronounced lev Specuia-
~ some lake changing hands at iSis
~. snd electrOlytic At lS'S cents. The
cel..ss.irs published Wednesday showed a
sss-s,s- slight increase IN THE foreign visi-
~ 's--srniies during November. Exports IN
et - slightly. too. II seems 20 me- how
thsf this great foreign surplus,
es.ruting new % considerably mere than
% PoSnSS SSSraiT II ssS aeecunSs ~fen' ser =, 'nsn
rr~sa. ss specul lative holdings. such = large
ll.s~~-,'r.lation. II Il actually existed, would
~ssessaTiiy represent 1@ns @ operations OF ex-
.se-csts were attempting 10 make a specu-
,..s,s turii IN the metal market they would
=. feirni trying 10 conceal a large portion
> -Sssr hoidines by delaying shipping sa-
e..-sisus and allowing the copper 10 re-
ss~ ir stock AZ snelters and refneries
-,,esticn the reliability Of the figures
-bich are cablea 10 this country twice
.--rlv ! have positive knowledge thar
- metal situation Is IN very much better
shspe than u Z hss ss- been slnee the early
~ r-oduction and the actual amount OF
csnrer which has not been sold 10 con-
s,rers has been steadily decreasing fer
-ersrai months. NotS-ithstan6ing that cur
.sr, statistics are q denial OF this state
,esrt those who follow the metal market
.,ossiy during The coning TWO or three
o'-sssv. thar the statistics published
--o1rriv are simply history, ana thai, cona-
ssrsd Win TIE sct1ai changes which are
gc.ns on n re business world and metal
snsrket from day 10 day. they are ancient
history
DVIpENDs DECLARED. - Dividends
tsre been declared az follows: National
surety Company regular quarterly ? per
80, PAYABLE January .; TIE Security Bank.
,s-sbis :, neceaber 81: United Cas- Improve,
r-,ert Company, OF Philadelphia, speciai 10
rer cent psyahlS IN non-interest bearing
sSf PAM provided ssochoideTsO O authorize S. se
an increase IN tbs capital for this purpose.
TINTED RICO AuNEs.-The following
-epcrt has been received Al The New York
oehoe q The United Rico Mines Company.
Tie net returns FOR shipments Of crude ore
rud conceurrlres between September > and
NoVemb5r -. lsos. amounted tc over So. .e90.
hes shipments were MADE 81 ore taken
OUT n tie course of Development work.
thar tie ore carries On an average OF >
ounces ~ sold ana 80 ounces of silver
ne company further reports sood progress
az the Shamrock vein.
MOVEMENT or CoTToN.-The total
rort rsceipts Of cotton. as Indicated by
.The Financial Chronicle" are as follows:
Dor the week ende5 December the total
-eosipts reached slf.S bales. against 2ot- 81
hsles ID the preceding week, ma king the
-atsl receipts since September 4. 1853. A9as, =
,g bales against s2s.0es bales for the
ssme .-io6 OF lso7-'oS, showing a decrease
since September = 1913. Of $3.50 bales
REPORTS IRON the South denote that condi-
rions have been very favorable during the
week Rain has fallen IN most Localities,
iut ire precipitation has been light
Rank CLEARINGS.-The total hank
e,esrtngs for the United States for the
week ended December !, 1903 zone Cay esti-
riaieSl were S3,165, s5s.S5l, as compared wiki
s. Ls -c eIs fer the corresponding week OF
issI year. Compared with last year, the
fdIal cear.ags have increased 70 Per cent.
Nsw YORK City shows al increase cf t5
~ cent Philadelphia of - per cent ana
5, Louis Of l5.s per cent
OPEN CHICAGO OFFICE.-Jarnes II.
0hphart 4 Co have opened 3 branch Of
fce IN the Rookery, Gnieago. under the
mEnagement OF John J. br,-snt r. Tor
ner secretary CT the Farwen Trust CON-
pznv, o. Chicago
NEW Cotton EXCHANGE MEM.
FERs.-Tle following have beeen elected
members OF the New York Cotton -
el.aaEs. Edward Z Bartlett. 81, or SEaln
MY q Co, and II. T. c Franke. o. 40
= Broadway.