New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-12-04
sADEFRHS-ArEN-S
TOPICS OF TIE STREET.

COPPER TRADE CONDITIONS Walk
ers Copper Letter says Copper IS more
quiet 2nC the tone Of the market is shade
HasieT Lake and electrolyric are selling
ca 12ss 10 13 cents. II seems 10 be the gen
eral impression N the trade that the sta
Astics 70 be published next week by the
Copper Producers Association will not
make as good . showing those of last
nonLh- production and imports are expect
ed 10 show q falling or Of about $3.50 600
pounds and The silrinkage II domestic de-
1IverieS ana exports. II i believed, VIII
rnore than Offset this. resulting in a smaller
decrease il the visible supply during No
vsnlber than in October Stems are being
taken by leading producing and consuming
Interests II this country TO put the selling
OF copper on more businesslize basis
Just what method win be adopted can
only be surmlseo. plan may be worked
out for z consolidation OF the various
metals selling agencies. or the desired re
suit might De accomplished Dy the an
nouncement each succeeding month Of a
standard selling price by the various pro
dGcing interests. and such prices strictly
adhered 10 by al IN practice
FACTORS AFFECTING BUSINESS -
u their December bulletin Spencer Trask
& Co say. among other things The de
s-islon Of the Supreme Court on the Stand
ard Oil and American Tobacco cases and
the decision OF The Interstate Commerce
commission relative TO increase III railroad
rates are still 10 he decided. So long as
t-hese questions remain open Il cannot be
~sxpecttd chat important business interests
Swin risk expansion. especially when the
sbesI lawyers Of the country are at odds in
interpreting the Sherman law; and, on the
adding extensively TO their equipment until
frhey know pretty we'll where they stand
Is regards freight rates. In the circum-
'sIduces II = not SURPRISING 10 see that
Rank cleaTings continue 70 contract and
shst business throughout the country
shows q great deal or lTTegulaf1ty In
gew trades q normal volume Is reported as
passing. but in most cases there is a de-
,-5Sa6 mn in activity This IS another wav
40f liGuidatinE the credit situation. which
has been unfav0rable for some time. and
while 1: may hardly please impatient stock
folders, the ultimate result viii he TO
make conditions as a whole much healthier
End much stronger. In the mean time II
will make Tor accumulation Of money AZ
reserve centres. and y1Jh the crop PERIOD
wow safely raised. i Is expected that
-uoney rates VIII be easy during the re-
rnainder Of the wear
DIVIDENDS DECLARED - Dividends
have been declared as follows The Thomp-
sons rsrret1 Company. regular seTI1l-annual
& per cent on the common paya bic on Jan
r-3ry ) the American Piano Company. reg
.1lar quarterly IA per cent on the pre-
Terred. payable On January :. the New York
e Harlem. regular seT1il-arnuaj . per cent.
zCcmpany. quarterly per cent an increase
~ rrre-haif Of per cent. the Texas Com
-any regular quarterly % per cent. pay
able on December s.
MOVEMENT OF MONEY-The Sub
Treasury transferred YESTERDAY S17c.1p 10
san Francisco for the account Of local
sne Pacific Coast N the last TWO weeks.
n the ssIre tine the Sub-Treasury trans
4srle. while gold 70 The amount OF $40.
T.s0 was shipped 70 Canada
BANK LEARTNGs.-The total bank
s-lesrings for the United STATES for the
. eek ended December 2, 1910 zone GAY esti-
-nered) according 20 The Financial ChroT-
srI." were s. ~ S59. 545, which compares
WITH $40 SIS 33s for the corresponding
week o. lsgo Compared with last year. the
Vafsl hank clearines have decreased 81 per
cert Kew York CITY reports decrease
Of I-s per cent. Boston OF So per cent
PhiIadelphiz Of 6 per cent and Chicago Of
Y5 p<r cent whsle ST Louis shows an IN
crease 81 / 6 Per cent and New Orleans Of
Is Per cent
READY TO BY AMERICAN sEcURI-
rTTe-Renry Goldman, Of Goldman, Sachs
q On who returned from Europe on the
Tzmpsnfa yesterday, said that he spent
4oIIr dsvs In London with view TO placing
sonle securities there and found the Eng
Iieb Investing public very ready TO accept
shAua ANY good securities. he added.
sSul7ic7 America has TO offer are eagerly
sought after pr English investors "
ERaDEN COPPER COMPANY Share
77oIders OF the Braden Copper Mines Com
vapv have subscribed for more than - per
cerf Of the issue OF g fz9.fsl0 { per cent
second mortgage convertible bonds re
,aentix ofsred 70 shareholders d.