New-York tribune., 1909-09-25
TOPICS OF THE STREET.

FOREIGN TEAD1sSG--Forelsl houses aeal. .
f2.0oO shares n tie local market. evenly s,T,,s
between sales and purchases n the Io-s
marker cOnsois we're unchanged and tse nss,i-sss
paTtUenr was 1EEer with strength IN the ce--
issues Car macy WIS easy ~ the British -,
bur higher rates we're indIestsd BIZ cabse sIiS-a- =
both for cal loans and discounts TIE F--5
England sent Sl0.5e0 gid % Brazil ana r1Sas
IN soreFsisns 70 SOu,h Africa II is exuectes ss
the Continent VII secure the 2I.o00.0o0 Sar'e.s
African gold thar viii Be available IN rha - -
LoDdon market 1loaday- -
BANKS LOSE CASH-The reported rov--..
Of currency this week indicate loss IN casb -
vas 10 Tn Su5-TreasuTy- The banks receivs5 - -
the Interior ss34z.006 and sent n the nteri- =,
72z.0o0. including s2oooo9 transferred through -
Sub-T-eesu-y 70 EeW Orleans and s. II - -
tional bank notes sent % Washinztou for -. =
ton The loss 70 the interior was sI.Ts1 000 81
cetpts q new god were 81 20. .10o. namely. On ~
York Assay Once ehecks sss2.oo0 and On ses-,'.
Assay Ofice checks S22s.0o0 Ordinary Sist-,-ss'
rnsuts b. the Euo-Treasu-y we're 81. .osS O09 -
rnsnts b the banks the Sub-Trsasury fa- -
toms. internal TevcaUe. per cent red.7,,.;-
fund. etc. we're s2s.025. 900. showing loss 81 -
Treasury operations proper Of ss.sz75o0 The 80
loss 70 The interior and Sub Treasury op--srf-
proper was Ss.78s.g00- Deducting thersfro-, =.
gain b. new gold ire let loss ~ the banks ~
s5.4ss.000-
COPPER TRADE CONDITI0Ns-Thep prz,v--
copper situation makes .i1.ey az intersstirs iss
emitted That Copper AccUEnulaSion'' that =.
been issued BY J. Thomas Rsi1hsrd- Drawn .
comparison between the copper and the sta.I
dUsrry. Il shows how the latter has Improves - :
comparatively short time. ard concludes a. soIlo-
'Aparr. however. from al other considerations -
cheapness % this one great conrnodi.- co,,
when compared with the price Of 50 r.a1v o1S-
commodities to-day. points % dlscrspancT -.
Is bound 20 Be overcome. and Ehsn normal -
mand for copper sets n the present au7sr.-.r.
huge surplus should be quickly ABSORBED 49,
the indusrTials therefore the stocks q the ee.s'
nshed copper mining companies n ar rauv-s-.
strong position. and 20 Be regarded as ns-rS--
lariy attractive purchases"
BANK EXCHANGES EXPANDING-ssro-a-.
20 "Dun's Review bank clea-iags show dsrIs-ss
leading cities IN the United States beizg Tos-z--
-. 5 per cent over ear ago and Iss per -.
larger than IN The corresponding week or -
TIE increase = generally well Distributed ehro-.
marked az the Wes- New Orleans and I1ri.--T-s'
stiH report considerable decrease in bank 49,
IN the Middle South. and there Is coasidsrss.
loss az san Francisco. but az other cities he -,
unls ot payments through ne banks il very hesv~
NEW INVESTMENT FIRM ORGANIZED
new Investment bond house under ths aams 4,
TsIlOck Bea-dsley, has been established W,
oedc>> az No "a Broadway The new 6-n has ;.
tered into q general partnership for ths pur5o4
of dealing In investment bonds TIE senior ms-.
Der o: t5s arn John Tatlock. has been p-ori.
neotly Identified for q number % years u-Ith Hs.
insurance interests q this city Paul Beardsisv
the tgliOE member of the firm Eas formerly co-.
necte6 with the banking house oS A Leach
Co and is predecessors. Farso1- Leach & Co
GRAIN EXPORTS FOR The WEEK-~Brss
strests reports the exports q grain foT re wssk
with comparisons. figures n oushsls. as folozs.
Wheat GouE included. ZS.35l0. against L5 81 lssf
week and si5s.5S in this week las- year. for Ia
Hscal year ESoZ5. compared WITH & - 81 L IA
corresponding period q 1sS Corn. ssE4 CO..
tTasted with $50 lasy week and $50 n "a
week y Iss: FOR the hscaI year. TX A. aszfzs,
S6.as2 In the corresponding per1od lasI year
DIVIDENDS DECLARED-D Dividends have $50
declared as follows Railroad Securities Conpauy
Der cent on the preferred payable October I;
EcGTth NATIONAL Bank regular quarterly pr
cent payable on October :. Texas and PaCtdc Cos,
Company. &. PAYABLE on October ,. United Siafss
Mortgage and Trust Company. quarterly per esus
payable on September %
COPPER EXPoRTS.-Exports of oorper FOR II,
week ended September . were zTE tons Slnc,
SEPTEMBER thsy have been I25s-. compared nj.
Is,l55 tons IN The same tine last year