New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-05-15
TOPICS OF THE STREET.

COPPER TRADE CONOlllO4sO.- NN-
er's copper letter says: Copper IS more
active and prices are frn1er LaRe - ID
to 1917 cents and electrolytic is 17ss to Is
cents a pound Foreign speculative quo-
tstions are advancing, indicating the COW
ering OF short contracts and purchases DS
F,,,ropean consumers The report Of the
Copper Producers Association sno"eo an
increase of 1S,15s2s5 pounds in the surplus
supplies in this country during April Whne
this is an unfavorable showing, 1t is not
as bad as had been expected. Exports fell
off about 100000 pounds. but domestic de-
Iiveries increased by over 100000 pounds,
so that total deliveries were only ABOUT
100000 pounds below those OF March. An
examination of the producers ngures ~ !,
conjunction with those of the foreign visible
supply brings to light the fact that con-
sumption has equalled If not exceeded pro-
duction for six months past. on DecemDer
combined with the foreign visible supply,
v ere greater by 1885,. As pounds than they
were May l; In the first four months o,
1872 AS pounds. This latter increase Is
readily explained by the fact that con-
suners were in much more conhoent
frame of mind in the closing months o,
last year than they have been for several
weeks past, and were then carrying larger
working stocks of copper which CID nol
figure in the visible surplus therefore,, one
who is bullish on copper does not have to
struggle or deceive himself to get encour-
agement out of the published Stausucs.
While the situation grew steaoIiy worse y
the first ten months OF last year the TIDE
apparently turned in November and Decem-
Der, since which there has been no IN
crease in the surplus"
UNITED STATES RUBBER.-The report
that the members of the syndicate formed
to underwrite stock and BONDS OF the
United States Rubber Company, issued IN
connection with the purchase of the Revere
PIrhE (rnn7naEV would
from the transaction over to the Uniteo
States Rubber Company is officially de-
proved by the directors of the United States
Rubber Company, and it is stated that
there is no occasion for turning back 70
the company. any part of the money when
it was agreed the syndicate should receive
for financing the deal
BUFFALO & SUSQUEHANNA--At the
request of a large number of preferred
stockholders of the Buffalo & SuSquehanna
Railroad Company a committee has been
organized. consisting of j. N Wallace,
chairman; Frank Bergen. Walter p. Bliss.
to protect the interests of such sharehold-
ers. The Central Trust Company of New
York, of Nc. 81 Wall street, has been
named as the committees deDOSitary, and
preferred shareholders are invited to de-
post their stock with that institution IN
der the depositary agreement David Rum
sey IS counsel for the committee and Hugh
Rankin. of No. 46 Cedar street, secretary.
BROOKLYN UNION ELEVATED.-The
directors of the Brooklyn Union Elevated
Railroad have declared an initial dividend
of per cent on the common stock, payable
June 10, and the regular seIni-annual Pa
per cent on the preferred, payable June 80.
The Brooklyn Rapid Transit Company.
which has just increased its dividend to a
per cent annual basis. owns s12,530. S31 of
the $3.50 600 common stock of the Brook
Ign Union Elevated and A.7S5.9S5 of the
S.. 000. coo preferred. The dividend declared
by the latter company means the addition
of S626,5H to the income OF the Brooklyn
Rapid Transit Company, equal to 13 per
cent on the outstanding stock of the hold
ing company.
DIVIDENDS DECLARED. - Dividends
have been declared as follows: Eastman
Kodak Company, regular quarterly 11s per
cent on the preferred and the regular quar-
terly 21a per cent on the common and 21s
per cent extra, payable July /; Cincinnati
New Orleans & Texas Pacific regular
quarterly IL per cent on the preferred. pay
able June 1; Alabama Great Southern, reg
ular serni-annual per cent on the pre-
ferred, payable August %. and per cent
on the ordinary stock, payable June %
MOVEMENT OF COTToN.-The total
port receipts of cotton, as indicated bv
The Financial Chronicle are as follows ).
For the week ended May Is the total re-
ceipts were 81, 4f2 bales. against So 9es bales
the preceding week, making the total re-
ceipts since September l. 1903, g. so bales
of 10S'09, showing a decrease since Sep
temter 1. 1903. of 3.4s1. $50 bales. Renorfs
from the South indicate that while rain