New-York tribune., 1909-04-25
TOPICS OF THE STREET

r,oPETGN TRADING.-Foreign houses sold on
a-ca in the local market total operations reach
% I.ninlportant figures In London the market
lAs ~serted TO a moderate extent by the develop
,-s IN Turkey early weakness being Offset.
,-sr mt bv frmer tendency before the close.
LII money and discount rates at the British cap
- =, 80 unchanged. South African gold to the
-o,,,+ Of $4,000 viii be offered in the open
ahl'- ,s-iget Tomorrow and il is likely II will
:. secured by ;he Continent
TOPPER TRADE CONDITIONS.-Walker's cop
= letter SAYS: Copper is steady at unchanged
Y-,es Lake Is 13 TO i3ts cents and eeCtrolytic
r. :. 1oz cents pound. The feature Of the
= - t5le heavy export movement. which is
-s-acing about 1000 tons daily, equivalent to
as-5Z r7o-thrds Of the American production. It
a. e7rsrent. therefore. that foreign consumers
80 again decided that copper is cheap enough
;. brv and that they accommodating supplies
e. ne future American consumers also. are
= conner somewhat more freely, and the
ortlook is improving
.rrbera is every reason TO believe that consump-
10. v-il Increase rapidly during the remaining
-onths of this year ana cause copper to sell con-
<t5e-aby higher. At the same time II cannot he
scria6 that the sentiment in the metal market IS
.gf in a more or less depressed state due to the
Fact that production continues unprecedentedly
tie while surplus supplies held almost wholly
t- rroiucers and spectators The movement Of
,onper nov under way. however. is gradually
banging this condition and Improvement in
sentiment is about due
COTTON MOVEMENT.-'Th Financial Chron-
se gives the total port receipts Of cotton for the
week ended April % 1909. as 1ST077 bales against
20 rs bales IN the preceding week making the
-otsl receipts since the first of September. 1905
SO bales against 7,556T6S bales for the same
1sriod of Is07-'oS. showing increase since Sep
ternber !. 1905, Of LSs0,534 bales. Rain has been
general and light, with Texas the exception, dry
weather prevailing there. Planting has made good
n-agress and Is nearly completed in many districts
TINTED STATES BANK CLEARINGS-
.otal bank clearings of the United States for the
week ended April "A. 1903 one day estimated. ac-
cnrding 10 The Financial Chronicle were - 49,
IA OF, against s. 20 9690l2 in the preceding week
and 500 4el 4s5 for the corresponding week Of last
year Compared with last year. the total weeks
clearings have increased 52-5 per cent New York
CITY shows increase Of ISL per cent. Boston Il
Der cert and Philadelphia 19S per cent.
DOMINION COPPER SECURITY DEPOSITS
The organization committee Of the Dominion Cop
per Company gives notice that, as the property
tss been advertised for sale under foreclosure AT
British Columbia, May L. bonds or stock will
be received by the committee after the close Of
business May L All deposits should he made with
the Hungarian-American Bank, No. % Broadway
before that time. There have already been de-
posted with the committee in excess Of S5lsGO
out of q total issue Of $4,000 Of the bonds
GOLD ENPORTS-The S.GO0GoO in gold bars en-
raged Friday by the National City Bank was
shipped 70 Paris YESTERDAY Goldman. Sachs & Co
ere arranging 70 export $500 600 gold coin to the
Argentine next week Grossman & Sielckcn have
counternanded their order for 100000 gold for
Shipment 70 Brazil
COPPER EXPORTS.-Exports Of copper since
Auril ! have averaged 1000 tons a dav and II
this rate is maintained April will record the
heaviest shipments Of copper since last August.
when the government reported the clearance Of
$4,000 tons.
TO Put BEET SUGAR STOCKS ON REGULAR
LIST.-Ihe american Beet Sugar Company has ap-
piled 70 the New York Stock Exchange TO transfer
its Sevo9" preferred stock and Sl5 O0o0D0 common
stock from the unlisted department to the reg
ula- list
NICKEL PLATE BONDS sOLD-The bankers
who offered the unsold balance Of the s. oe0, 600
New York, Chicago & St Louis debenture IS an
nounce that the entire amount has been sold
-NEE OFFICES OPENED-Pottey Cboate &
Prentice nave opened their banking Offices on
me first office floor OF the National City Bank
Building a. Wall street, New York.