New-York tribune., 1910-09-03

Sub-Treasury for customs. internal reve-
nue.. 5 per cent redemption fund etc.
amounted to s32. .4S1 900. showing a loss
on Sub-Treasury operations proper OF
50 9N9. 900 The total loss 10 the interior
and on Sub-Treasury operations proper
WAS sI416S. 900. Deducting the gain by
new gold. the net loss by the banks was
si2 702. 900
COPPER TRADE CONDITIONS-Walk
er's Copper Letter will say to-day The
copper market is comparatively quiet and,
If ANYTHING. A shade easier. Lake is l. -
&c IS cents and e1ectrolytic is 125s to 1224
cents a pound. The furry of new buying
three weeks ago cleaned up all the cop
per most of the leading producers are in
position to sell just now, and greatly
reduced the stocks of others. At present
Though consumers bought freely they did
not in any instance. so far can be
learned exceed their requirements for
October and a part of November, Many
of them will have to buy more copper i'm
mediately- The talk of a large existing
surplus and the prospective entrance of a
number of new producers into the field
soon after the first of the year are pre-
venting consumers from becoming over
bullish on the metal situation. They are
still limiting their purchases 70 their
nearby requirements. and probably Will
continue to do so for some time to come.
It is now expected that the copper pro-
ducers' figures for the month of August
will show a considerable decrease in the
American surplus accumulation Of metal
Indications are that August exports eX-
ceeded those of July by nearly 12. 900 900
pounds. Domestic deliveries also have
been much larger y very considerable
by consumers Will be delivered during
September and October. and the effect Of
will continue to he reflected in the pro
ducers' statements for two or three mon tbs
TO come
AUGUST BANK CLEARGNGS. - Total
bank exchanges for the month of August
made an Indifferent comparison, both with
last year and 1906. the aggregate. accord
ing to the statement published by r. c.
Dun & Co, which includes Il6 leading cities
in the United States, amounting to only
81. .442. .291 $40. a loss of 10 per cent compared
with the same month last year and Is per
cent compared with 1906 This loss IS due
in great part 10 the marked decrease in tX-
changes at New York City. where the ex-
treme dulness in the financial and specu-
Iative markets has had a very pronounced
effect on the months ClearingS Outside
New York City. however the exhibit Is
much more favorable. the majority of the
cities included in the statement report
gains and the total shows 4 small Increase
compared with last year. while compared
with 1906 there Is very satisfactory gain
FAILURES IN AUGUST - Rradstreet's
reports that in August the total number
of business failures was 934. which marks
an increase of SO per cent over August a
year ago. but decrease OF "a per cent
from August, 1905 Compared with August
1907. just before the panic. there is am in
crease of Is per cent in number, and the
In fact, the heaviest in number reported
with the exception of one year. laoSl since
1897.
WHEAT EXPORTS INCREASE. Fx-
ports OF wheat from the United States and
Canada In the current week total qo4 1SS
bushels, an inCreaS, of 630. .21i bushels over
a week ago, though a decrease Of l. SSi 452
bushels from 1899 Exports of corn were
2l6. 40S bushels against f39 ls9 bushels last
week and lII,9S9 bushels in the same time
last year.
MOVEMENT OF MONEY - The Sub
Treasury transferred Yesterday for the aC-
count of local banks $i0o 600 to New Orleans.
Total transfers of currency from New York
to New Orleans on the current movement
amount TO N.s90oo0 In addition the banks
have sent S2,601.0o 10 Canada
DIVIDENDS DECLARED - Dividends
have been declared as follows The Nmeri-
can Car and Foundry Company. regular
quarterly IA. per cent on the preferred and
one-haf OF per cent on the common, paw
able october l. Swift 4 Co. regular quar-
terly ia per cent, payable October 3 The
BuUalo Mines Company. regular quarterly
> per cent and per cent extra.
ST. PADLiS EARNINGS. sS.-The July earn
inGs or the Chicago, Milwaukee 4 st. Paul
SHOW an increase Of about sl2l 900 I'm gross
and decrease of about $4,000 in net The
Puget sounds gross in July approxima ted
S,H2,0n and net $685. O,0
COFFEE EXCHANGE SEATS SOLD
Three memberships on the Coffee Exchange
were sold yesterday az 81 500 each That
price was bid for two moro seats