New-York tribune., 1910-01-05
TOPICS OF STREET

FOREIGN TRADING.-Transaction for
foreign account in the local stock market
We're light in volume. and Chiefly on the
selling side. Sales OF the copper stocks
made up q large part OF the arbitrage busi-
uess.
BANK CL.EARINGS.-The steady prog
rsss that was stad sas ~ 4, e, ae'lvi,y ~, & n
roents through the banks which far eX-
ceeds that OF any preceding twelve months,
total exchanges at ali cities IN the United
states, according 10 the statement issued
bv G. Dun Co, amounting to $780,
los, $685. sos. an increase OF 25.2 per cent over
sos and OF So Per cent over 1905. That the
Increase is not due TO abnormal activity in
any particular direction that may prove
gain IN the daily averages for the diff
ferent quarters, compared with 1905 and
800. In 1909 the average daily clearings
Ses $685. 600 in Is0s and s55e Ola GOO in 1906; in
the second quarter s52s 730, 600, against $685.
third oaarsr az ne aa e. sisss-S an n 80 10 oS sae
goo In lSos and s4s2, ,2SS 900 in 1906, while the
fourth ! quarter rte increased TO sos. .6sl zoo.
against s52 So, 600 in 1908 and $3.50 297. 900 in
1896 The daily averages moved steadily
upward until they reached a record point.
New York City reports loss compared
With 1906 in part al least due TO smaller
stock market operations last year. In New
england the improvement over both years
is marked, but there are losses compared
with both years at a few minor points.
The Mfe.le States improved over 1908 by l6.4
Der cent, but report g loss compared with
1906 OF 81 per cent: owing TO smaller ex-
oranges ar a number OF cities, notably
Philadelphia and Pittsburg, rejecting con-
year. In the South Atlantic States the in
crease over 1908 is very impressive, and
there is a satisfactory gain over 1906. in
Ereases being shown by every city except
Savannah. a. which point there was a
small decrease. In the South only Calves
ton reports loss, compared win lSoe pot
compared with 1906 exchanges were smaller
st that city, New Orleans and Mobile. st
Louis. Memphis, Knoxville, Houston, Beau
large gains over both years. Very large
returns from almost every city IN the Cen
tions prevailing in that section only two
small decreases, at Toledo ana Peoria,
none with 1908. Al other points the gains
are very large. Only Minneapolis, IN the
Far West, reports loss IN that section,
with 1866 The large exchanges at other
points notably St Paul. Des Moines, Cedar
Rapids Kansas City. Omaha and other
cites show the activity of current business.
on the Pacific Slope all cities show gains
nnsred with las year but in comparison
with 1906 there are losses at San Francisco
and Oakland. due to conditions following
the great fire
ADMITTED TO PARTNERsHIP;-The
Stock Exchange house OF Trowbridge &
Co. No. III Broadway, has admitted 10
general partnership Edward Ely Scovnl,
who for nine years has been associated with
y ". Harris & Co as their representative
n Connecticut. Another change in the firm
Of Trow bridge & Co is the retirement of
p Judsor FSr~hecIr who had heen the
hoard member Of the firm. Lawrence Crau-
ford, member of the firm since its organi-
zatiOn. has been elected to membership IN
the exchange and viii be the firms repre-
sentative on the floor
COPPER TRADE CONDITIONS-The
copper market is firm. with the demand
from domestic consumers showing some i'm
pTOvement. This is probably due TO the be
lief that the entire Butte mining district
viii be closed before the end of the week
II such IS the case then copper production
in this country will be reduced 10 the .eX-
~.f M
pounds month Electrolytic copper sold
to-day at a cents a pound, but some sales
for more convenient dates Of delivery We're
made al 1890 cents. Copper producers are
sriil OF the belief that the tendency of cop
per prices this month viii be decidedly up
BOSTON BANKERS NEW YORK OF
FICE--E- H Rollins & Sons, bankers OF
Boston. with branch Offices in Philadelphia
Baltimore, Chicago, Denver. San Francisco
and Los Angeles, have opened a branch
Office in tins city under the management Of
F. LoHndes Rhett. who was for several
years manager of the bond department of
Brown Bros. & Co.
FINANCE FoRUM-At, the Finance
Association. No. 31s West 57th street. to-
night Charles A Conant Will speak on
The Evolution Of Central Banking in
Europe" and William Sherer. manager
OF the New York Clearing House. The
Clearing House and Its Methods"
GOLD .EXPORTS.-The Bank of New
bs the next steamer for that country.
LONG ISLAND L. & T. CO.-The state
nlent Of the Long Island Loan and Trust
Company a. of January I shows total re-
sources OF 81. .346, ia. compared with 81 334.
S70 At the same time in 1903 ard sS 360.6 SIS iu
1907 Deposits are now S98GS. .SS3. against /
s. SO a year ago and 81, ,4S9, 800 IN 1907
DIVIDENDS DECLARED. - Dividends
lavc been declared as follows: Interna-
1iCual Steam Pump Company, regular quar-
terly 1lg per cent on the preferred payable
February I. and Great Northern Railway,
r1sular quarterly "a per cent, payable
February I.
MONEY FOR SAN FRANCISCO.-The
Sub-Treasurv has transferred S250000 10
san Francisco for the account Of local
banks.