New-York tribune., 1909-03-14
T0PlCS OF THE STREET


.7r+GN TRADING-Foreign houses were not
TO- = the loc5: market their operations being
active .reniv divided IN London the general
sbosl IS inactive and irreEUIsr at unirnportant
rSIss on the Continental bourses prices as a
ers lover. Call money at the British capital
" - sood demand ana as nigh as 5 per cent was
vas y7oderate business was done in short time
~. With the Bank Of England
IOao,- STU ATION.-Rogers Brown & Co saw
L -1srket Is decidedly more active. While many
.sf-g sellers are holding at the same level prices
leso-IS have reduced figures nearby shipments
ol' mini that mas proved attractive 70 BUYERS
20 l-..-al blocks OF foundry iron have bsen
81 IN Eastern markets during the last ten
pc While the wide range Of prices that these
ssss-sas have brought OK shows diverse opiniOrs
f9. the immediate future OF the market there
81 70 be a general conviction that the steel
fee-ior viii improve rapidly than was
sectee and that the present low level Of prices
a. -, ,s-force be short-lived- Latest indications
VI r. prornu1 and busfnesslike handling of the
% oresticn by Congress- and there are a,l-
tSs-s.sfive predictions that Il VIII all he settled
= Jrne / While present prices Of pig iron have
- than discounted any probable reduction Of
=. won schedules, prompt settlement Of the
lE.ls tariff matter viii work wonders in helping
lss- the situation The inquiry for foundry
ts in this market has been more active, but
s,es show little or no change
Upper TRADE CONDITIONS Walkers Con
- Letter says. Copper continues dull. but the
- Of the market Is shade frmer Lake Is e
IS and elec;rclytic 12a. cents per pound. Sales
-grsrstnz approximately 10o,ep0eao pounds have
- made al these prices since the first Of the
nth l2ndS
r~Be-s having been practically exhausted. current
s--rnases must equal the total volume Of con-
s~r7tioa. As result Of this. the statement Of
:. Producers Association. which will issue
-s,+b hence. should show almost no further addi-
- 10 the surplus stocks Of copper in this country
p, statement issued Wednesday indicated
,rrresse ~ about L"baHo} pounds Of copper daily
n February, but il did not include the heavy
.,les made far this month There is good reason
o. rhs belief that the actual surplus would show
-s-~ little increase since January !, II an accurate
~
,o-15 Be obtained. When the consumers come into
,Is market and buy three months supply of
80 ~ advance. is their custom when con
s,-ans are normal. they viii quickly absorb every
1,rr5 Of surplus in the hands Of producers. and
- more addition for later delivery This viii
rsrss The entire outlook 10 change abruptly. and
----,s-s viii trencefcrward see the situation in
- entirely different light. 7 feel confident that
.Tts Mi fe year Of heavy copper consumption.
3 vel as abnormal production, and believe that
Tho price II copper via he considerably higher
t.f,re October ! The electrical equipment Of
s-ssra railroads viii gain headway very RAPIDLY
ihis year
vT-E0% C0NPANN'S FARNINGS--lu his Of
erss1 rero~- - the stockholders. 8 r t4uEgenheim
r-esjaent % the Yukon Company, says that his
ss1rireers have reported that the company now
hos nearly S4e's+ net III proved ground N.ilSii
i unfortunately l"o per cent profit on the shares
q Tsr and provides for many years dividends.
re o47cer< Of the company assert that the earn
d. f,- 7q9 viii he from $1,000 T. Sl530fo and
80 ne rgrlre win reach the maximum If there
are couparatively few washouts on the nam
ditch system Incidental 70 the first opening Of TINS
new source Of water supply President 6useen-
hen saws -1at from the present outlook the COM
-e~- z-U authorize the beginning OF dividends
1rorgllr during the second quarter Of 1903
COTTON NoTENENT.-'The Financial Chron-
tce gives TIE total port receipts Of cotton for the
week ended March j. l9o2 as 1858 bales against
,EHG-s bales il the preceding week, making the
.o-s1 reo=rts since the first Of September. 1908.
ks-Es bales against -04s.s13 bales for the same
pe-f7d cf 1eF-lS showing increase since Septenl-
Der ]. -so 0f Lz,e5i7 bales ram mas 2ee stI.f-1-
..N-9-.rl7a.. The south. and excessive IN Alabama
and Tennessee. The Mississippi is high and rising
and high water IS reported in The Aaharaa rivers
The precipitation las lntertered seriously Win
farm Work
PAAh t-I,t5ARINc4S- total hank ClearinEs OF
the United states for the week ended MarcA 10
frre DAY estimated according To The Flilahclai
Chronicle -e~e 3 "a "a -5l. against $Ssss7oo7
The preceding week. and S2Soo91,els Tor Inc corr
iondirg week Of 1913. Compared with last Week
-orss rlzsrirgs increased pa per cent NeW A"Ih
CITY shows an increase Of - per cent, bosl9i'
1ss Der cent Baltimore. 15-I per cent ana fi-lla-
delphia. s. per cent
REPTRITC Of PERU BONDS-Fuller & Co
sre o4fe-irg a. r~ices 70 net 30 per cent on the
investment the unseId portion of an issue o.
EsE gs Republic Of Perm. City of Lima per cent
Ecld bonds maturing January l. 1854 THESE plAdS'
authorized hy ire President Of Peru are 2 nlIeCL
obligation of Lima being protected hy the credit
o+ tie CITY whose annual income Is about $7-osJ'
by mortgage On the specific income 81 the cry
sne By a. absolute first mortgage on tle liiu-s-
Fensahle properly
STOCK EXCHANGE EEWS-Aienbership trans
ferred. Robert D F-arIee Wilbur : Taroell' OF
J s Fsrlee & Co Memberships posted for trans
fer: Arthur Robinson 10 Prentice strong a a
Murray Young 10 Harry H Moore James "
Walsh deceased, 70 Tom c Watkins he--iS -
Ca-nhlos 70 Morris Joseph
GOLD FOR ARGENTINA.-The National tl1y
Bank VIII ship $50 O55 in gold coin TO Argentina Oh
Tuesday. for the account Of customer