New-York tribune., 1910-10-06
TOPICS OF THE STREET.

FOREIGN TRADING. - Foreign houses
dealt in upward Of 10000 shares in the iocai
stock market. selling on balances. Inere
was a moderate demand for MIssouTi' Ran
sas & Texas for London account
DIVIDENDS DECLARED - Dividends
have been declared as follows: The North
River Insurance Company. seml-annual 3
per cent, payable October 10 J. o. hlte
& Co. regular quarterly IL per cent OF H @ lILe
preferred. payable October "a Inc ana
dian Car and Foundry Company. regular
quarterly f34 per cent on the preferred
payable October "A. The Georgia southern
& Florida. regular seni-annuaI 2l2 per l1 ceIlI
on the first and second preferred. payapie
November 2.
COTTON EXCHANGE SEAT SOLD,
The Cotton Exchange membership o. " III
lam Bartlett has been sold 10 Edward
as the last preceding sale
THE COPPER NIARKET--Whtle the
local copper market is frmer, II mas mace
no pronounced response to the higher quo
tatious of the metal abroad EdeCtrOlytc
is still obtainable a 1873 cents a pound al
though producers and selling agencles pc
consumers find that the figures OF the
Producers are favorable. Sales OF copper
have improved but the ouyInS u,os ,-e,
has not reached large proportions as YET
Recent figures of production have con.
vinCed many consumers that the movement
10 Curtail output is genuine
EXPECTS FAIR BUSINESS--Es- r. Rip
Iev president of the AtChtson, is quoted
nv The Wall Street Journal as follows
The prospect for general business IN tnt
West is fair. The crops have turned OUT
fairly well and 7 anticipate that during
the next six months our earnings VIII
about hold their own WITH last M yeaI, al ooo =
wear on the Atchisou for purposes that
should not he capitalized for posterity 70
pay interest on. because such money WI
not earn anything. or AZ least very htllV-
Our railroads should be allowed 10 earn
enough 70 do this so that they shal not
eventually be in the Condltlon oi .He = El'S -.Iz
itaI invested on which they can earn
nothing
ROND MARKET CONDITIONS their
october bulletin Spencer Trask n o say
a., reference TO the advance in bond prices
lone of the most satisfactory points IN
connection with this advance Is that II mas
fpulators. but is the result of what we
recognized to be natural conditions, and
while the rise has thus far even out
stripped our earlier expectations. our JudS-
mont is that II is only in it's initial stages
In dealing with this upward movement We
must at the same time point out that II
has not been due altoSether 10 lnvtS'iIels I,..,s
buying, but. after the first start Vas
heiped along materially by dealers whose
shelves were bare of bonds and who judged
that the time rapidly apprOachlnS s
when hanks and institutions would be
forced into the market To invest their sur
Mus funds Bond houses have been con-
sfdera bIv aided in their purchases through
the ease which has ruled in the money
market all through a period when nOrmallN
rates were higher than at any other time
of the year
MONEY FOR NEW ORLEANS - The
Sub-Treasury has transferred for the ac-
count of local banks 100000 To New Or
leans.
NEW DIRECTOR FOR ATLANTIC
COAST STEAMSHIP COMPAN1-OSden
I. Mills was elected a director of the At
Iautic Coast Steamship Company TO sue
ceed the late -. q. Mills al the annual
meeting of the stockholders yesterday
rrTLa otIar retiring directors were reelected.
The board subsequently organized BY re
sIectfng the same officers.