New-York tribune., 1910-11-13
TOPICS OF THE STREET.

COPPER TRADE CONDITIONS.-ws
eT's copper letter says Copper Is active
and firm. Lake Is 131s To iSis cents and cleo
are being made for January delivery. and
q little February copper has been sold For
elSn consumers ana Sf'et-l- -l-ialorS Commune 70
buy freely Notwithstanding, statistics IL
!. olcaIe ne existence OF q very large sur
n plus Of unsoId copper Consumers who
)fvIsh TO bUv lots Of Gee Gee pounds or
VI more for immediate delivery find il with
difficulty. Some fear Is felt that the
sweeping Democratic victory this week
may lead 70 further business IuSeCIisrnent
IL this COUNTY,. Undoubtedly the tariff
question viii be brought up Tor discussion.
and 2lJnouSh TeTlSEoI VIII be Impossible
WITH Republican majority IT the Senate
and Republican President the agitation
S likely 10 cause more or less business ap-
1sreher,ci0u on the other hand the rail-
roads are practically sure 10 come into the
market soon after the hrst OF The year
and place large orders for equipment. This
VIII cali for considerable amounts Of cop
Der and tend 10 increase business activity IN
al lines Il Is TOO early. however. to de-
Terlnlne JUSJ what effect JHe elections VIII
have on confidence: but there Is good Tea-
son 10 believe that industrial expansion VIII
bE resumed next year. Siac that domestic
conper cOuelIruutiou will increase consider
ably over the unprecedented total OF 1910.
The report Of the Copper Producers Asso-
CiariOn for October showed q decrease OF
o5Sl scr pounds II the American visible sup
ulV. which. rOge1 her with the Shrlnkage, OF
I9.4J7.36e H0Uncs II the foreign visible SUP
riE. marked total reduction IN the world
stocks of 21.s3s.l63 pounds for the month
Since JGly ! the worlds surplus has shrunk
about s.. .naA 0ff pounds. or over 15-1eo,oee
pounds monthly"
TNTEDNATTONAL STEAM PUMP COM
PANT - lTera tICT1s of the inJernatIOna
Steam Pump Company continue az siooGl
90 per cent capacifF. on lfe average. al-s
though some Of tho corporation plants
rsarIicfllarlE those abroad sre VerH busy
and II several cases nave orders IoI some
time ahead The Fsuglish plant At Newark
on-Trert IS stiI SIX months behind IL its
orders. and 1f The American factories me
-7ff sgF-rfE q
ana -fk-lr soon - o. running Al capacity
AMERICAN STEEL AND WIRE.-The
American Steel Il Wire Co q SUBSIDIARY o
1h. United States Steel Corporation, Wilieh
coroDarv produced approximately - per
cent o. the frfal production 81 wre aiid
products % wire iu this country. p opt.r-
a1iaz its mills about q fer cent 81 capatIlF
81 the present time. Tbs means : pi'-
duc1ion OF approximately 1890 tons d
year.
ALLEGHENY BONDS SOLD.-In less
fI.sr two davs after they were awarded the
So os allegheny County -. J. > a W :
F[7=hr Inc had marketed the entire issue
according 70 an anHouI7cefIeiii i,-i-9s bE M III
company from IL man oflce II t'lttSbuIs
YESTERDAY. At Interesting feature N con
merton with the aUuor-t, ~ernenr IS ne IacL
thai the bonds Were sold on SO basis
BANK CLEARINCfS--The total bank
c7eariylee for the United States fo- the week
ended &C-errlser = 1913 fcne caZ estlffla L
ed, according . J n FlIls-f1cl'1i -
v"ere - g. 7.72s. which con7rares VIII y
zfe ss- % = weak ago and E.5&4 42fe.5ss fo-
the week ended NoPer1rher = lsts- COM
Y7a red F-+rr }as- vear tho total bank ciear-
irgx ha-e decreased ( Ter cent Sew York
(-Tr- -epo~-s 2 decrease 81 E1 pe~ cert
Boston 2 re- cent Chicago. l49 per cent,
and g Louis Sc ner cent
DIVIDENDS DECLARED - Dividends
f7s 70 been declared as follows. he Lac4ede
Gas Carnpanv regular quarterly IA per
cert on the cou1rncn- PAYABLE December I.
ard regular een7i-znuIlel % Der cent rtls
preferred pavahIe DeceEnoe- I5 Tilrs
rfYrF3zzr Sugar Company reEuiar quarter
" a per cent on the common and stock
dividend ~ 255s psr cent, both payable
November L
BIG SEARS S-R0EBTCK STOCK BONUS. {
The board 81 directors Of Sears -R0ebuCF = /
& Co. hsve recommended the payment GI
= stock dividend cf 3 l-5 per cent pay
able 10 common stockholders of record
kBYiI = 1911 This action is subject 10
ratification ~ 4 special meeting Of stock /
hoI6ere 70 b. called for February p 1871 !
Witch g. also the date of the regular an +
Yrlai meeting % the stockholders.
BONDS OEERSUBSCRI RIBED IT IS IN Z
derefood that the issue of SIS Alsl Cos 6 per I
ser* convertible bonds bV the American /
f,sFss ttsrs Securities Co. which was under 4
vefffen ~ T. uffn- f,oeb x Co. 3. = Nor /
szan & Co and Eugene Meyer q Co, has /
1s~~a.. lsIi.z.gf ogers aysef1bed.