New-York tribune., 1910-11-05
TOPICS OF THE STREET.

FOREIGN TRADING Foreign houses
sold upward of 100 shares i'm the local
stock market.
MARKET CONDITIONs.-Sp Trask
& Co, in their October bulletin. say;
From the fact that Stock Exchange
houses are still borrowing lightly. IL Is
was due almost entirely TO professional op-
erations where large blocks of stocks can
be bought and sold with no actual money
changing hands, and has not been gen
orally participated In by the public. THIS
is well. as il Is generally felt in conserVa-
tive banking circles that the very last
thing now wanted is an Outburst or Specu-
latfve activity on the part of the pubic
As regards the bond market it Is natural
that 1t should have felt the indirect effects
of the speculation in stocks and the less
easy tendency in the money market. Al
the same time. high grade bonds have ex1
hibited surprising strength through II All
and show but fractional changes from last
month, as Will be seen by comparing our
present lists with those of October |. The
demand for per cent bonds of Industrial
and public service corporations continues
satisfactory, and IL is our judgment that
the upward movement in bonds which be-
gan I'm July has been merely checked tenn
poTarily, and Will be resumed as soon as
the situation is somewhat less perplexfng-
II our financial situation is, allowed TO ad-
of credits the market will readily right it
self. and we shall then see a stronger and
healthier situation all around
BANKS LOSE CASH.-The reported
"A loss In cash held by the banks of S.215,000.
the greater part of which was TO the Sub
Treasury The banks received from the In
terror S.. .250o 600, and shipped into the in
terror s7.9S3.00o. including S.44,00 national
bank notes sent to Washington for redemp-
ton. The loss to the interior was A'7$iGo-
Receipts of new gold were s.. 099,O0O. name
ly. on New York Assay Office checks.
81 go. coo; on San Francisco Mint checks.
$4,000. Ordinary disbursements by the
Sub-Treasury were s27O20.00o Payments by
the banks TO the Sub-Treasury for Gus
toms. internal revenue. per cent redenP- . mp
ton fund, etc. amounted to Sl,6Ol 900.
showing a loss on Sub-Treasury operations
proper of s4,5slO00. The total loss TO the
proper was s6,Sl4.OoO Deducting the gain
by new gold. the net loss by the banks was
A215.O00.
LARGE COPPER SALES.-There has
been a resumption OF copper buying on a
fairly large scale, q movement not Sener-
ally expected by the trade. The buying
movement, which resulted in the purchase
of something like 200O00.O10 pounds of cop
per. eliminated toward the latter part or
last month and a resumption or buying
not anticipated until December Con
sinners have now made their appearance in
the market for copper for delivery in Jan
uary. 1911. and sales this week aggresate
United Metals Selling Company is under
stood to have sold since the first or the
month close TO 2o,010.O00 pounds. mostly for
January delivery. on basis of 1S cents a
round. Since the first of last month it Is
estimated that the various selling agents
and producers have sold approximately 2oo.-
900, 00 pounds of copper. which is equlva-
lent to more than two months production
OF the refneries OF this country.
GRAIN EXPORTS FOR THE WEEk.-
Bradstreet's reports the exports OF grain
for the week, with comparisons. figures in
tsIshelS as follows: Wheat. flour included,
{. ST 367. against S,4271 169 last week and 5,3SI-
4o5 In the corresponding week last year; for
the fiscal year. 35.S05,U3 compared with o.
7l3634 at this time i'm 1909 Corn. 622,9 922.
contrasted with 5O7 O90 last week and 3GS59
In this week in 1909. for the fiscal year.
6,6S24 414. against 3Glo,390 in the correspond
ing period last year.
DIVIDENDS DECLARED. - Dividends
have been declared as follows: The Ameri-
can Radiator Company. ia per cent on the
preferred, payable November 10. and
mon. payable on December 81; the General
Asphalt Company. regular quarterly Ia per
cent on the preferred. payable on Decem-
her 1: Norfolk & Western, regular quarterly
IL per cent on the common. payable on
December 10.
REPUBLIC IRON AND STEEL ELEC-
ITION.-The directors of the Republic Iron
and Steel Company have organized by re-
eectirg John 4. Topping chairman. t. w.
Guthrie president 7. J. Bray viCe-preSident
TIE executive committee now consists OF
John A. Topping, chairman; John w
Gates, Grant b. SChley. Harry BrOnner and
John Lambert.
APPLICATION TO LIST.-Application
has been made To the New York Stock En-
pany receipts. first instalment paid. of the
Columbus and Hooking Coal and Iron Com
pany.
MONTREAL STOCK ENCHANGE.-A
seat on the Montreal Stock Exchange has
been sold for $29,5oH. the highest price ever
recorded