New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-08-29
TOPICS OF THE STREET

FOREIGN TPADINCf.-Foreizn houses war. an
ers on balance IN the local market In the London
market prices were Irregular and trading was ~,
active, with only light volume of business ~
American issues IN which price changes were nm.
important. Cali money at the British capital was
easy. also discounts. South African gold 70 M.
amount Of s1000.090 viii be available IN the or.n
London market tomorrow, and IL is not unIksl,
IN view OF the Continental demand for the natal
the whole amount will go across the Channel
COPPER TRADE CoNDITIoNs-walker'ss ,r.
per letter SAYS: Copper Is quiet bur the ton. 4,
decidedly frrner. Lake is BIC 70 13ssc and sIa.-
troIytic is 1314c 10 1896 pound Producers an,
even more confident In their position than tb.v
have been at any previous time in the last sevsr,I
months. They show no eagerness 20 sell now "a
come OF them openly declare that they are eonr
20 keep portion OF their output 70 sen after Ia
price advances above 15c- The same Is trus n
the attitude of the foreign speculative interests m
che metal They have been buyers Of copper azaia
recently The most reliable authorities On tbs
metal trade IN this country and abroad express
confidence that copper viii soon be selling al 10
again and that the average price next year sbouId
be al high rs that, II not higher"
PIG IRON MARKET.-Rogers. Brown a ca
say: There Is renewed activity In Eastern Dig
iron markets All grades are in demand. and
prices in some quarters are soc ton higher than
a week ago The large sales Of basic for delivery
during the first half OF 1910 are the feature OF M,
week Upward OF 5000 tons have been booked by
Pennsylvania and Virginia sellers, the price being
now well established on basis OF SIS delivered
The shortage OF prompt iron In this market be-
comes more and more marked. Steel mills pioe
works and general foundries are being pushed
harder every day. General crop and money con-
ditions all point TO continued Improvement, and
everywhere the feeling OF optimism is spreading"
THE MOVEMENT OF COTTON.-Ths total BORT
receipts og cotton, indicated by The Financial
Chronicle are as follows: For the week ended
August q the total receipts A.lS bales
against 14.Ses bales in the preceding week. making
the total receipts since September !. Ea3 aSAa0
bales. against S.3S2.p7 bales for the same period
OF 1907 Os. showing increase since September l.
1895 OF I.473Ss3 bales Weather reports from Ii.
South Indicate that rain has fallen IN most SEQ
tons during the week IN portions Of Arkansas
Tennessee and Alabama dry weather has prevailed
in Texas have been quite general Picking Is pro-
crossing well IN earlier sections.
BANK CI.EARINGS.-The total bank clea-,nss
OF the United States for the week ended August
es 1909 one day estimated, we're 81 900 S3S 2ls
60 81 076 4s1 for the corresponding week last year.
Compared With last year, the bank ciearings havs
increased S0.2 per cent New York Increased 49,
per cent philadelphia 29.7 per cent. Baltimore sos
per cent Chicago 2S-3 per cent. but New Orleans
decreased 49, per cent.
DIVIDENDS LCLARED-Dividends have been
declared as follows: IAclede Gas Company. regular
quarterly IL per cent on the common. payabis
September Is Atlantic Coast Line OF Connecticut.
quarterly ~ per cent. payable September 10 This
is an increase OF 4 OF L per cent over the pre-
ceding payment and places the stock upon 10
per cent basis
LOCOMOTIVE NOTES SOLD.-Harvey Fisk d
Sons have sold all OF the s5000.0o0 American
Locomotive COmpanys per cent gold deoentTs
notes at par