New-York tribune., 1910-07-29
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses
were active in the local stock market, DuS-
making total purchases on balance in the
current week of more than 10000 shares
The business was well distributed through
out the International list
COPPER TRADE CONDITIONS.-Elec-
trolytic copper has been advanced TO 129s
cents a pound by several OF the selling
agencies. In one case the quotation given
IS 12s4 cents pound This represents an
advance Of from one-eighth to one-quarter
of cent &, pound over recent quotations
The demand for shipment abroad IS heavy.
due largely to the fact that foreign dealers
have been the first TO learn that general
curtailment of production is under way.
One producer holds to the opinion that cop
per will soon be selling at Is cents a pound.
The Nevada Consolidated Copper Company.
the lowest cost copper producer in the
country. will curtail copper. production Is
at the rate OF nearly 1900 900 pounds Of
copper a year. although this IS not maxi
mum capacity. The reduction IN the out
put of the company is voluntary The Utah
Copper Company has already ordered
curtailment, and the Amalgamated Copper
Conlpany's output over the last half of the
year will be much smaller. providing that
the demand does not warrant normal op-
erations. A further advance of about 10
shillinss in copper prices in London yester-
day. following a sharp advance on Wednes-
day. indicates that consumers are more in
evidence in the market than in some time
past
~ IoA~1 LIE -NE4hOCINO Wv LEN
DIVIDEND.-The executive committee of
the z. l. du Pont de Nemours Powder
Company has recommended. in addition TO
the regular dividend of per cent, an ex-
ira dividend of 4 per cent TO be paid on
September Is, 1910. to common stock of rec
ord of September 1, to make the annual
distribution on the common stock for the
year 1910 at the rate OF u per cent year
Formal action will be taken by the board
of directors thereon at its regular quar-
terly meeting on Wednesday, August 81
GENERAL CHEMICAL TO INCREAS SE
STOCk.-A special meeting ot the General
Chemical Company will be held on August
u at II o'clock 10 vote on a proposition to
increase the capital stock from $4,000 eco to
100000 and to classify the additional
s2,SOO,O00 as per cent cumulative preferred
stock, in all respects on a parity with the
company's present stock.
INTERNATIONAL HARvESTER-Ow-
ing to lack of quorum the directors meet
ing of the International Harvester Com
pany, which was TO have been held vester-
day. was postponed until Tuesday The
regular quarterly dividend of l2. per cent
will be declared on the preferred stock and
common share holders may also be taken
up. The matter has been informally dis
cussed.
DIVIDENDS DECLARED. - Dividends
nave been declared follows: American
Shipbuilding Company. regular annual {
per cent and an extra 4 per cent on the
common. payable per cent quarterly. be-
ginning September /. The Marconi Vvire-
less Telegraph Company of London, initial
{ per cent on the cumulative participa rim 9
preference shares. payable August Tho
Casein Company of America, regular nfIar-
terly per cent on the preferred PAYABLE
August 10. ''0
UTAH COPPER.-The net earnings of
the Ctah copper Company for the oIartsr
ended June 80. including the income froT,
the Nevada Consolidated COMPANY vers
at tne rate OF more than So. .OOOOs0 a yasr
or III a snare on the outstanding stock of
the company The total net amountsJ tn
Sl5iS9'9 and the surplus after dfvidends 20
S599, 1868. OiiuS 'o
NEE ADA CONSOLIDATED REPORT
ne Nevada Consolidated Copper f'ompan1-
reports Tor the quarter ended June S0 rst
&c IN inSs Tor mines. investments etc OF
sl,.u.o9o and surplus after dividends ~
Soo4As. from which was deducted sl39 an for
uepi ectatlon, leaving net credit to pro6t
anu loss account of I0l.31&
GOLD FOR CANADA-Gold coin 70 ,hS
amount or $4,000 was shipped vesrer,lsv ~
me Sne american Exchange National Bank To-
Canada Exchange at Montreal on Nav.
10TH faVors a movement of gold from this
centre to Canada V''i th'S
CONSOLIDATED GAS-The directors Of
Ihe consolidated Gas Company have de-
clareu the regular quarterly dividend Of
per cent. payable September 10
NEW STOCK EXCHANGE ME,S!REp
Monroe e. Gutman has been elected a rnar,
per or the New York Stock Exchanc. NJ
seat costing s6o.ooo. the same price as tbs