New-York tribune., 1910-01-04
TOPICS OF STREET


FOREIGN TRADING-FoEeisn houses ,s
we're not active in the sesst 80 es,.,,s as
ing in about 1890 share fa,,,1sn S
. rule. represented purchases. IN aTonayu as
prices for American iss ,aei.,rr n Fsri-
DAYS ma-set -,
STrEr. oRDERS.-Accordins TO steer
..o-e - !. January promises TO be
big month from the slano a0t1ee - IN close
= --ss+ +tHay we're IN October Ii VIII re,
e,,.-a ssre months at least OF active iant
c~erations 10 work off the tonnage Gu rale
sl'ls eOs' 70 t,,a various steel companies. Be-
~s--s-r fisis month. the steel rnahnIaet-
a,.s S7,slI begin 70 receive current prices
FOR ,s1,4erses sses were made on the con-
srsr-s made when steel prices were low
The statement Of Judge Gary tlat new "a 95 9aa
Ss-s IN December were at the rate OF 0-vV'
to-s a cav shows that the month IN cues
fjor ecIipsed any corresponding perioo az
the history OF tie corporation l,ecei5,nst -
is generally q poor month in steel cfoeTs'
bet II appears that last month the corpoo re
-stiou placed on its books at least -'''ee'
more tons Of steel than il produced
COPPER PRICES ADNANCED-Ih
vee4x opsTsed with copper firm. Sales we're
made as high as IL cents q pound foE rleS-
sroIytic. TIE United Metals Selling .os s,ol, asla
rrl,-ds az conner 2 year. made sales around
S4 cents 2 Eepnd- For the last se,Ft-.
weeks that agency has been InaIii,a1,y,lsS 1,,,sls
elecfroiytic copper at lSsA cents y S,-eIi
The month Of pecs~llher. according 70 49, 49,
s,Fo---,6z eo.s-er r,rcr4l;cers showed the NE
reduction 81 the combined coIpeR srsf half
America and Europe since the nrss n. 81 a.
OF 1919 This Is regarded as me naos' sna
rouragiuG feature Of the sftuallol.., e..
tone cs the copper metal market 9shosaE.
sns February are also expected 10 ieFea'
q substantial reduction in STOCKS
BOND MARKET CoNDIIIoGNHs.,L-Irf al .sell. S,ll.
eor e. Co in their January circulaI a5e 90
" prepon 5erance of evidence -nuitos~ tiae~s
that throughout the entire sou..ss ctian
fs q feeling Of security ana sausla@o @ otiS-
ave- ire business situation seldom !. ever
aouailad Manufacturing seems ~ IaI.S ;,e
vlvec and excellent crops. Wiz asi7[t ,5,.os
tend toward a prolonged perloa o. pp,5i- prS
,ne-st,, rf7a trpeer rejection of these conol-
ficns Is the fast that Nopef,lneit ever
cenher- show the creates, t,s,,,s line railroads
handled by the leading tfulh "ii1
IN the United States. ~ ,,,,,,a mar
bet Banks: trust e9Il a2slaaiza tons and all
classes OF bond investors are a,let co..
thss feeliuc Of confidence, tIe @ IlaI NJ. se LSe
+i5s SETTER class Of higher income poliuo lti1o
@o-rSe-lv were slow 70 lnFesugste HI.sa
ton drainage and timber ooIiaS L. os'tro5 1o7
orIT lodging into these securities, put agt-
.fslfv sre absorbing almost mere thah @ ny
conservative bond houses can pIoSa. :. t.,.,-
,s well demonstrated that the seCNTIL. .a.-> .e
Of nigh grade irrigation. drainage ana Glll-
ner bonds IS ample for the most Go-iset I9 60;
tive investors I-an well
sfford 70 nav s per cent for thSlr Ltoles.
High grade timber holding companies hats
slso demonstrated tnelf aplilty 70 - ,-,
requirement. Of investors IN thelr SScuii-
ties
FAILURES IN Commercial fallprss 9roo
IN the United states during the year 4'ss'
according 10 statistics compiled by X II
Tr,n & Cn we're u % in mum Der, with oe-
fsulted liabilities amounting 10 slS4, ,otIi4os.
This IS E much more satisfactory eAIIulo I,,.o
than was provided by either OF the tM0 NO
preceding years, there having. been loosS
failures n 1908, with an lndeDteonesS oL
se2a TT5sa and while the 1I.s25 insolYencles
- 7a0- vyr-e ernalle- in number the effect
Is mere than Offset by ire Si5i.aoI,--9 ~. -.
amount Of Liabilities Tss lnfpTcVeiLi-l~ Ii'l-
"a -@rst six months. LA bilities in the last
half OF the year amounting TO only - per
cent Of the yearly total These ngures ar ar
verv clear indication OF the eNte!t OF me
return 20 normal business conditions that
has been made Excepting 1908, fahuFes
were heavier in number than IN any sedr sd
hack 10 1887 ano during that time IN only
f1-c Years -e07 ami 1903. was there greater
amount OF defsulted Indebtedness
DIVIDENDS DECLARED. - Dividends
have heer declared as follows: National
TJro-iee Company sem-annual per cent
on the common, paE2bl January I, II =.
CIaain. regular quarterly per cent on f ILie
common payabie January u; the ATneTl-
csn Manufacturing Company. regular quar-
.e~lv IL per cent. the Standard Under.
ground Gable Company. cash divlaeIid 81 .L OF
81 per cent and a stock clVldena OF % PEI
cent
JANUARY STMENTS--Redmond& q
&C. have issued d list OF attracuTe lnNesl-
r77ent iss1lce including bonds legal Tor saw
frcs banks and trust funds in New YORK
state tax exempt securities ana eonds es-
reeiaIlv gdspted for banks and trust COM
pauies.
COPPER EXPORTS.-Ezports OF copper
for The month of December were 2S,lof tons,
co,770are6 with u 500 tons in the corre-
spondiTse time In 1908. For the year eX-
17orrs vere Sol s57 tons, against 299,243 III
the wear before.
GOLD EXPORTS. The Anglo-South
American Bank has engaged $4,000 gold
con for South America