New-York tribune., 1910-08-30
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses
sold stocks in the local market on tne 80 Gf
morning advance, putting out upWdiu o4
1O,COO shares on balance
BANKS LOSING MONEY-The local
agency of the Bank of Montreal sent 49, 49,
900 gold coin to Canada YESTERDAY ana tt .he
Bank of New York 10000. Through the
Sub-Trea sury there was transferred SlVecp
10 New Orleans. The New YORK DdhhS
have lost since Friday upward OF s!2tr,V"
on their operations with the federal Treas
ury. The receipts of wheat at interior
points last week. showing an increase OF
over 100000 bushels over the correspoLLu- .
ing week a wear a go still further bear OUT
the statements of interior bankers tnai
efforts to stimulate the movement or the
crops are being continued In TINS way
the turnover Of money required Is more
rapid and exports of commodities are Ia
ciIitated In view OF the course or money
movements in the last two weeks. 1ndlca-
tjOnS are that this week viii disclose
further loss by the banks, both 10 the IN
terror and the Sub-Treasury.
GRAIN MEN TO MEET HERE--The
annual meeting of the Council or American
Grain Exchanges will be held on Septem-
ber u at the New York Produce Exchange
In attendance will be two delegates from
each of the sixteen leading gram exchanges
of the United States and Canada a spe-
cial committee has been appointed 10 ar
range for the entertainment of the dele
gates part of which will be a trip up the
Hudson and a shore dinner at the Larch-
mont Yacht Club. Among the matters
likely to come up for consideration during
of lading intermarket contract conditions
and Recommendation for scienuhc cultlVa-
ton Of the soil.
IMPROVED DEMAND FOR IRON
Imnrovement in the demand for pig iron
in the Eastern market is reported one OF
the larger foundry interests has put OUT an
inquiry for 12.51o tons. Specifications pelng
for foundry grades of Eastern PennsyI, .l:-r,
irons The total tonnage now under m m
quiry is estimated at approximately
seventeen thousand tons. II Is the Coll-
sensus of opinion that several other large
consumers will be In the market within the
next few days
THE COPPER MARKET--Prices for
eectrolytic copper are holding nrn at Ia
cents pound The volume OF business h;3S;,, ls
of the metal is anticipated until the latlTI
part of September. Consumers have nearly
all covered for the current month. RE
liminary figures point more strongly 70
favorable report of the Copper Producers
Association for the current month.
LONDON SETTLEMENT RATES--The
contango on American stocks at the Lon
don carry-over was 3ss per cent Banks
loans These rates compare with 3i2 per
cent and per cent respectively at the
last settlement. A light bull account was
disclosed.
CHICAGO GREAT WESTERN-Th
president of the Chicago Great western
saws the directors have set ASIDE Sl2,""p"
for rehabilitation. and have made only one
third improvements that will be hnlshed
before the first of the year As earnings
have increased about 80 per cent TINS year
there is no reason for selling the ROAD
MIAMI COPPER-The stockholders OF
the Miami Copper Company have voted TO
1ror fron9 "a &, e Sl ooo TO- to 10000
CALUMET AND HECLA-The directors
of the Calumet and Hecla COMPANY 1aE
declared the regular quarterly dividend OF