New-York tribune., 1910-06-12
TOPICS OF THE STREET.

COPPER TRADE CONDITIONs--,WaIIk--
er'S Copper Letter says: copper Is qu41I55
cents and electrolytic is 1874 TO Zzs cents ceoIa a
pound. Sales of lake in 10000 ana 1o'Vg9 1'g9
pound lots were made on Monaay Mt seIIire
agency is holding it's price for electrolytIc
at 13 cents and it's attitude IN TINS respSCL
is doing more than almost awning eS7 edSe
to sustain prices. Other sellers or eIeG11
trolytic are offering and dtsposlng OF al al
their output quite readily at "a 70 rs
cents The increase Of 18,4a,s1 pounds IN
renort Of the Copper Producers Association,
was severe disappointment to the mining
interests. The figures were IN nieaSI1 naSi-,5
q repetition of those Of the preceding
month, the increase in production, o,fo4' SoI
pounds. being almost evenly oa4anceo y
the 5,482.302 pounds increase IN denverles, .
The growth OF the surplus is oeg1nn1ng 20
suggest that the copper mines OF ArnerlS1 S.
are now producing about 1S.Oogo9 POUNDS
more monthly than they snouIa! 20 20 senS Is
duction falls only per cent oeioW con-
sumption requirements prices soar; out, en-
the other hand, a per cent excess OF
production always brings extreme depres-
sion to the trade. Production continues 20
increase The decrease OF 4.I2s0o po91os
in the foreign visible supplies during May
stocks Of copper in this country. european
consumption will probably continue 70 IN
crease. and this may counteroa lance me
depression IN this country. At the monlsnI aI
the outlook for the metal market presents
little that is encoura g1ng-
DIVIDENDS DECLARED. - Dividends
have been declared as follows: Bush Ter
ninal, initial per cent on the common,
PAYABLE on July 25 and regular quarterly
216 per cent on the preferred, payable on
July |; Cincinnati, New Orleans & Texas
Pacific, regular seni-annua1 21z per cent
on the common, payable on June 10; United
Merchants Realty and Improvement Com
pany, regular quarterly s. 75 on the pre-
ferred and $ on the common. payable on
june 80: the National Bank of Mexico. annu-
al % per cent; Commercial Tcw Boat Com
pany, quarterly ~ per cent, payable on
July I; the F1eischmann Company. quar-
terly IL per cent on the preferred. payable
on July 1; Standard Coupler Company, reg
ferred and seni-annual per cent on the
common. an increase Of I per cent, pay
able on June 80; New York. New Haven q
Hartford regular quarterly S and 80 cents
on the part paid new capital stock. payable
on June 80.
ANACONDA EARNINGS.-Reports fled
lied companies in Butte. for the year ended
June ! show gross and net earnings as
follows: Anaconda gross s11,15S.517. net
s., ,314. $50; Boston and Montana gross S3, ,125,-
554, net 50. $50 1872: Butte and Boston gross
So 707, ,264. net 81, ,039270: Washoe gross 1,549,-
$40. net s172,105: Parrot gross ss52.0 operat-
ing expenses $SO0,5S9 net loss S148. 1876; North
Butte gross s4,217604. net S754.661; Butte
Coalition gross 81, A,SS9, ,126. net $685.. 1872; Tren-
ton gross Sl.SS4.224, net s235,O92- All show an
increase in earnings. with the exception OF
North Butte, which fell of more than
sl,OO0.Ooo.
BANK CLEARINGS-The total bank
clearings for the United States. for the
week ended June IL zone day estirnatedl.
according to THE Financial Chronicle
were 50. .291, 800. as compared with s3.O52.-
748.S19 the preceding week. and s.. 493 9S9,947
for the week ended June II. 1893. Compared
with last year the total bank cIearings
have decreased 5.s per cent. New York
City reports a decrease of rs per cent and
Chicago of 1.9 per cent, while Philadelphia
shows an increase of 1876 per cent and New
Orleans Of 67.4 per cent.
SHOE MACHINERY DIVIDENDS.-Ths
United Shoe Machinery Corporation has de-
clared an extra cash dividend Of 81 share
and 10 per cent stock dividend on the
common stock. in addition to the regular
quarterly dividend of 80 cents share on
the common stock. The regular quarterly
dividend of S7Iz cents on the preferred
stock has also been declared All dividends
are payable July to stock of record
June 16
SEABOARD AIR LINE-Official quota
tion has been granted by the London Stock
Exchange TO S24979.0c0 5 per cent adjust
ment mortgage bonds OF the Seaboard Air
Line.