New-York tribune., 1909-11-21
TOPICS OF THE STREET.

UINIDENDS DECLARED. -- Dividends
have been declared a. follows, General
Chemical Company, regular quarterly Ia
iIary 5: Rochester Railway and Light
Company. regular quarterly u. per cent
an the preferred. payable on December l.:
Great Pals Manufacturing Comrsny. semi
annual. 50 a share, payable on December J..
MORE GOLD FOR ARGENTINA.-Heid-
eibach. lckelheiflcr a 60. engaged an ad-
ditional $500. .00O cold Tor export 10 ATEen-
tina on yesterdays steamer. increasing
their total shipment 10 81 .0O0. zoe.
BANK CLEARIN5s or THE WEEK
The total hank clearings for the United
States for the week ending November -
cone iay estimated), according to The
FINANCIAL Chronicle. were S3.s2S. .335.
against s3.6Ss,22G FOR the preceding week.
and SS.s09. .70i.55s fcr the corresponding
week ~ last wear. A. compared with last
aoGr. the total hank CicaTinEs have in
croasec % per cent Baltimore shows an
Increase al IL per -cent, New orleans OF
1s.6 per cent. Philadelphia Of - per cent,
while New York CITY is tie only large city
20 report decrease, which was - per
cent.
STRENGTH OF THE COPPER MAR
kEI Walkers copper letters SAYS: Cop
per - stronger and IN much better demand.
Lake is 13iz Nl3atc and electr0lytic Is l3i. q
buying more freely, and the foreign de-
iEand is increasing. IL Is believed IN the
traoe that those who are interested IN
forming big copper consolidation have IN
view plan 20 maintain the price OF the
snetal around l5al6c pound This is
bringing "a great many consumers into the
market who Tor months past have been
buying the hand to- mouth principle.
Foreisn visible supply figures. covering the
considerable Increase IN the surplus. No
one Is popular nowadays who does not be-
lieEe there II a. least 4eoeN.eo pounds OF
copper lying around m stock At various
points awaiting purchasers. Meanwhile
consumers who wish 20 buy copper in large
quantities for December January aud Feb
4
nculty In hndlng q producer or a selling
agency which viii admit u has any con-
siderable amount Of copper for sale than IN
reaching an agreement as 20 prices. I have
no doubt that there il q very large surplus
of copper IN the sO-called visible supplies.
and do not believe the figures which are
being published are intended 10 be IN any
way deceptive OF misleading. According 20
the best information ] an able 10 obtain,
Plus has already been sold either 20 specu-
lsrors or consumers
LORD q TAYLOR COMMON DIVI-
DTND.-No action las YET been taken on
rhe dividend FOR the current quarter on
sne common stock OF Lord e. Taylor. which
normally would have been declared a month
aEo. " IS assumed that the delay Is only
femporsF-r. as the corporation has fully
ssTned the amount necessary 20 meet the
dividend The company has been paying
Ger cent yearly dividends on the COM
MOVEMENT OF COTTON total
p0lr receipts % cotton, ss indicated by
Thr Chronicle have for the week ended
NoVerrber l9 reached 27s .2e3 bales. against
fs1 So bales Tor the preceding week and
sel sss osles The week before that making
tnc total receipts since September ]. 1903
1,sss.076 bales. against 3,e5s.s32 bales fer
rhc same period of 1905. showing q de-
crease since September J. 1909. OF So 800
bales
NATIONAL COPPER BANK MEET
fhG.-Ihe stockholders Of the National
Copper Bank will meet on December 23 90
act Upon the proposition 20 increase the
capital stock from 81 000, 900 20 $1,000. 600,
and also 70 plsce The hank IN voluntary
liquidation for the purpose OF having II
consolidated with the Mechanics National
Bark