New-York tribune., 1909-01-03

Boston Consolidated did not nearly equal the fall
ing off in other districts The outlook for the
year is very promising There is every prospect
that there will be a market at % cents or better
for all the copper the worlds mines produce
There IS almost certain 70 be further considerable
increase in foreign consumption and the tonesto
demand should gradually Work bdch 20 the "a
r1arkable proportions attained in the opening haf
Of the year 1897 Copper should advance TO 10 eeHa
very soon.
AMENDMENTS TO RULES FOR DELIVERY
The committee on securities has amended Rules
and for delivery. Rule 70 read: Coupon bonds
payable to bearer, in denominations OF s9V0 or
$1,000 each, with proper coupons Of the bonds
number securely attached Small bonds under
$500 only in special transactions The money
value Of q missing coupon may be substituted only
with the consent Of the committee on securities for
each delivery Convertible bonds and coupon bonds
exchangeable into registered bonds must carry al
unpaid and unmatuTed coupons Rule to read-
Securities in the name OF corporation OF an m
stitution. OF in with official designation,
are delivery, except during the closing Of ths
transfer books. when such securities VIII ne de-
livery only if the statement Proper papers for
transfer fled by assignor is written on each as
signrnent. and signed by the transfer agent
POPE MANUFACTURING COMPANY-Ths
new Pope Manufacturing COMPANY Yesterday ar
ticipated the payment OF $4,000 Of the per cent
notes due August l. 1911 leaving S535,oeo notes
outstanding, OF which S265.G00 mature August
next and the balance August I. 1910 This pay
ment was made from the proceeds % the sale of
some Of the properties taken over from the re-
the reorza nization agreement were 70 be sold TIE
management expects 10 realize enough rom tns
sale OF the balance Of the properties mentioned %
anticipate the payment or the SZ0toPo notes ma
turinS August !. 1910. and TIE earnings for thu
current year. il is believed. Will be more than suf-
fcient 10 meet the notes maturing August L next
The syndicate formed 10 purchase the notes OF ths
company paid the balance Of their subscription yes
terday.
BRUNSWICK DOCK-Efforts are being made by
various railroads TO obtain more land Brunswick.
20 in rider 70
ard to be IN a better position to handle the iargs
shIprnants over their lines for export The Georgia
Central & Piedmont building an extension into
Brunswick thus affordiug the Georgia Central
shorter route 20 the ocean The United states
government has acquired possession Of an island
in the harbor with a view 10 MAKING the Forl "
Brunswick . government marine station
HEAVY DEALINGS IN FRISCO BONDs-Thers
were again quite heavy transactions in Frisco
general lien 5s on the curb yesterday AZ = per
cent premium. and subscriptions We're coming N
at the Office Of Speyer * Co in small and iaFgs
amounts in the two business hours Ile SLTess
expects 70 see these bonds advance sun l IlTIn1s
after the definite allOtments are made by Speyer
Co. January ).
BANK CI.EARINGS-'The Financial Chronicls%
gives the total bank clearngs Of the United states
for the week ended January Zone day estiuate0}
as s. 71915699s against s. S5s62 t2 in the preceo-
ing week and $2.300,506.s07 for the Corresponding
week OF 1908. The weeks total clearlnSs coInISle1
with last year, have increased IS per cehl- Ns%
York shows increase OF 1875 per cent BeI- .1-
more IS per cent and Boston Is per cent, 80
New Orleans shows q decrease Of % per cenI AN
St Louis 1913 per cent
AMERICAN LOCOMOTIVE COMPANY--Accord-
ing to the record OF railway equipment orders com
piled BY THE Railroad Age Gazette, the amer
can Locomotive Company has in the LAST SIX NeeA A
booked orders from the various railroads o. - -
servatiye estimate amounts 70 $4,000 OF these
orders the most important were: Rock lSdllu, -
received few days ago Chicago x NoFlHS 80
So: Chicago * Alton, -. end Bessenler & L4Ao
Erie II The company is now operating oe["ssa o[s
20 and 90 per cent Of its capacity, and al Is p
with exception. are running
DEFAULT ON P. w AND l. F COAL INIEa
EST-Default was made yesterday on the yah[-Ly S,
interest on the Pttsburg. Wheeling and LAKE 5, L,
Coal Company 4 per cent BONDS OF ..- 20, Difai
$3.50 COO bonds are outstanding The entire caplta.
stock of the company is owned by the NL7siS
& Lake Erie Railway
FUTURE OF THE BOND MARKET -rlsA e =
Robinson in their Monthly Bulletin OF In'es T.,
roents saw: Has the bond market Tuh -.
course? The answer. We think, - tiaI I-ieL0 -..
excellent reasons for believing that the P -. -
stronE demand for worthy investment securlueS
Will and should continue for some thle - a.
During the last year there have been I7Sle sir,ra
cordin- to the best authorities. at least a ol--I
and a half of bonds. notes and stocks cl IaIi -
and industrial corporations alone. Ihe secli- @ "a
OF the national government. states. coC-le -. ~
municipalities furnished some Siuv'JOgV'y -
a total aoproximating S2O00.0000Oo To this eoiy S,
sal sum the railroads contributed ABOUT Se9O. "a
in bonds In the face OF tneSe huSe lSI-oS .,s
the indifference. might almost say repusI@ -.
OF the European markets to Americans - -
interesting fact that the first OF the year see
Il IL
markets Even many preferred stocks nave Le1e ss-.
figures where neither price nor interest y.7I -
as great attractions excellent bonds OF th5
ond class and. indeed. " is toward tlsss -o1
securities that the real investing pubic az -sv
turning their attention The plethora OF Ls,nv'
resulting from the financial crisis does NOT Nt.ad
exulatn this remarkable absorption OF = 70
bonds We must seek further. IL should g,.s5 De
membered that there has grown UP In the -
states an exceedingly large body Of wei III a. 70
discriminating individual investors-lndee'i'
other nation has education on this most unF -
subject of safe and profitable investing been g-sa
cuted. on so extensive a scale as IN uS - snd
States The intelligent investors have welsH AZ
balanced eli the facts. estimated the re@4 50
business improvement, we'll as the 1uluie Patss
bilIties They Rave decided that low money Is
are likely TO prevail and that IL Is the part u ,ntH
dom 10 put their money into sound securitiss ~
such time as IL will command higher rates ~ a.
merciaI and industrial fields. They are buyiHs 4,
cordingly and our present market, theITlO - ,bs
likely to continue for some time to come ,-1.Iv
hands Of this class OF purchasers Will IsL - 800
the unprecedented amount OF more than szLV.SSo of
of January interest and dividends po5 5I1st,uaI
which will find its way undoubtedly INTO a"
investments"