New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-09-16
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses
bought upward of 1oo10 shares in the local
stock market
DIVIDENDS DECLARED. - Dividends
have been declared as follows: The Coal
and Iron National Bank regular quarterly
Ia per cent. payable October 1. The Mutual
Trust Company of WeStChester County he
per cent, payable September l. The Mount
Morris Eank regular quarterly 2i2 per cent
payable October l. The Rio Plata MlnlnS
C0mpany regular quarterly . per cent The
Lawyers Title Insurance and Trust com
pany per cent payable October l. he l<pil-
Hook and Eye Company regular q1IarteriT
per cent. payable October 2 Union J EpeNriI
erCompany regular semi annual %lc per cent
on the first preferred and per cent on tho
second preferred. Old Dominion Copper
Company of Maine regular quarterly .
cents. Old Dominion Copper Company OF
New jersey regular quarterly 20 cents The
Otis Elevator Company regular quarterly
Der Is. Colorado Southern regular semi
annual per cent on the first and second
preferred. Electrical Securities Corporation
regular semi annual ~ per cent on the
preferred and regular quarterly per cent
on the common, payable September 80
INGERSOLL-RAND COMPANY.-A spe-
cial meeting of the IngerSoll-Rand Com
pany has been called for october to con-
slider the proposition of retiring, adopted by
the directors, the outstanding preferred
stock, and to redeem it with common stock
for not less than par. 3,452 shares of the
common stock, received in exchange for
the preferred stock, to employees. 9TH
err than directors. and at such times
as the directors may determine For
this meeting books close on October ]
and reopen October D. The lngersoll-Rand
ferred stock and 100000 common stock.
Since organization, semi-annual dividends
of per cent have been paid on the pre-
ferred stock a first dividend of . per cent
was paid on the common stock in April
last.
PREVAILING FARM PRICES--From
returns received by the Department of Ag-
riculture, farm prices, according 70 an f.,t OF
than at the beginning of the year, but
somewhat lower than the maximum of the
thirteen different farm products were 3e9
per cent above the average price counting
as par 600 the average between l5Sb ana
1888, inclusive. On January l OF this year
prices were 341 per cent above that par,
and on September /, 37.2 per cent. How far
prices have advanced within q year -
shown by the September, 1909, index number
of 1929, or a gain above par of % per cent
compared with 3oS per cent in September
1908.
COPPER TRADE CONDITIONS.-N h1te
at least one of the larger selling agencies
has cut the price of copper metal from "a
cents to 1928 and 1212 cents a pound, inc
majority are firm at the former figure. out
there has been some copper sold TO foreign
accounts at 1875 cents by one interest which
quotes 1924 cents to domestic customers
Sales OF small lots have been reported as
low III cents Buyers i'lt ITO W ~ -
out OF the market for about month ana
are due to re-enter soon because of their
known condition of low stocks
WESTERN PACIFIC TRAFFIC AGREE
MFNT-A traffic agreement between the
Atchison, Topeka 4 Santa Fe and the
Western Pacific has been reached ItIS
will give the Western Pacific an outlet into
Southern California and territory reached
by the Atchison. The latter is permitted to
tap territory north OF Stockton and points
in Nevada reached by the Western PaclHc-
The arrangement will be effective on Octo-
Der %.
PRESIDENT OF NATIONAL LEAD
w ". Lawrence has been elected presi-
dent of the National Lead Company to sue
coed the late /. \. Cole. and T.. J. Cornish
has been elected vice-preSdeut succeeding
Mr. Lawrence. NJ d. Cole. assistant score
tarv and son of the la Mr. Cole. has been
elected treasurer, succeeding T. +. Beate-
COFFEE EXCHANGE SEATS HIGHER.
The recent activity in coffee Is beng re-
ffected in the price of memberships on the
New York Coffee Exchange. which are now
81 0Op bid. against the last previous sale OF
81, 800.
PEOPLES GAS LIGHT BONDS PIR-
CHASED.-J. & W Seligman & Co, OF TINS
city and the Continental and Commerce. |
Trust and Savings Bank and the Central
Trust Company of Illinois. of Chicago. have
purchased 50 600 GOO Peoples Gas Light and
Coke Company refUndinS . per cent bonds
a public offering will shortly be made
MONEY FOR NEW ORLEANS.-The
Sub-Treasury transferred 100000 TO New
Orleans Yesterday for the account OF local
banks.