New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-12-11
TOPICS OF THE STREET.

COPPER TRADE CONDITIONS.-Waik
er's copper letter says: copper Is IlIiiei
Lake Is 10 to 1875 cents and electrolytlc II
metal has held very strong throughout the
recent period of declining copper snare
values This fact Is mentioned because hses !.
in the coppers has been reflected syInpd
thetically in the metal market. JUST az
present consumers both at nome anu
abroad seem to feel that metal prices are
more likely to advance than to decline, ana
they are buying to cover February ana
March requirements. me fofelgh u I,nsid
for copper continues strong. the copper
Producers statement issued yesterday, COW
ering the month of November, showed
further decrease of sg12s4o pounds pounds IN I'M
the decrease of 4,91O,1fO pounds IN the Ior
eign visible supply. makes the total reduc-
ton in the worlds surplus during NoFen,i-
below the average decrease, about lo.0uvp
pounds monthly, which has been going on
imports showed considerable decrease
as expected; but this was slightly more
than balanced by falling off OF 7,ol2, $50
pounds in domestic deliveries ana aeZ.9so
day month, comparing with OctOberS thIr-
ty-one days, this, explaining in part the
reduced figures all around The continuing
decrease in the worlds accumulated cop
per means higher metal prices in the not
very distant future The surplus. Which
stood at over 40l C0O.00o pounds July this
cember J. During the coming Six months
the shrinkage should be much more pro-
nounced even than in the immediate past.
The metal situation is improving as rapidly
as could reasonably be expected
FAILURES FOR THE WEEK--Commer-
cfal failures for the week in the United
PSI, against 275 in the previous week, 22S the
preceding week and 254 the corresponding
week last year. Failures in Canada num-
Der 20, against IS in the previous week, So
week
failures during the week in the United
States 90 were in the East, IS in the South,
and 12O report liabilities of 5000 or more
against 129 in the week before. Liabilities
Of commercial failures thus far reported for
December 81, 53S. 3O2, against 81 500, 239 Tor
the same period last year
BANK CLEARINGS.-The total bank
clearings for the United States for the week
ended December 10 Zone day estimated. ae-
cording to THE Financial Chronicle" We're
So 3Sl .O35, SIS, which compares with Sab
7l5443 a week ago and So, 4Sl, 1891, Iz2 for the
week ended December IL. 1909. Compared
have decreased 90 per cent. New York City
reports a decrease of per cent and Phila-
delphia 0.S per cent, while St Louis shows
an increase of 105 per cent. Chicago "a per
cent and Boston II per cent
PAY-AS-YOU-ENTER CARS--Carlisle &
Co, of No. "a Broadway, state that the
streetcars which caused the recent disturb
ances in Toronto are not pay-as-you-enter
cars. The local traction company attempt
ed to adapt the pay-as-yOu-enter principle
of prepayment and the pay-as-you-enter
method of handling passengers to an Ordi-
nary old style car by the addition of g fare
box on the narrow rear platform. The con-
gestion and discomfort arising therefrom
caused the trouble. 1t is stated that IL is in
tended to withdraw the offending cars and
to substitute therefor as speedily as possible
the standard pay-as-yoU-enter type.
DIVIDENDS DECLARED. Dividends
have been declared as follows: The Union
Bag and Paper Company regular quarterly
/ per cent. on the preferred payable Janu-
airy Is; the New York. New Haven q
cent, and sufficient interest on the half
paid subscriptions to the new stock equal
to per cent quarterly on the actual money
paid in. payable December 81; the General
Chemical Company of California 1A per
cent on the first preferred stock, payable
January j.
FOURTH NATIONAL BANk.-The Of
fcers and directors of the Fourth National
Bank are to hold a reception in their new
The rooms will be thrown open for the in
spection of the invited guests The Fourth
National now has the second largest bank
inG office in the city. Its building on Mas
sau street extends the length of the block
between Pine and Cedar streets.
CITY SERVICE COMPANY.-The City
Seryice Company. which was financed by
week when a permanent board of directors
will be elected. II is expected that Henry
T. Doherty will be retained president.
AT this meeting a quarterly dividend of Ia
ner cent on the preferred and 81 per cent
on the common stock viii be declared. both
PAYABLE early in January
MONEY FOR SAN FRANCISCO.-The