New-York tribune., 1910-01-16
TOPICS OF STREET

coPPER TRADE GAYS ssys; Copper is
soi copper lel.e isis q isl4c. and electro
te.,onscr. Ls hooornd The monthly renoIl Dor,
iyiic IS sconper ProdueselS s,,rnI,is of III.
d tIs decrease N ne fDr,ecember. caused
ssr sle pouilos :; the trade. The reai I'M I'M
ssSe,ter feeilhs santiment is due 10 me L.
rroveiiee,r, ,Irlption is steaus more conner
lsa ,sss world is now aid lid in the boom times
month tnah hsnic, 81 In view of the tact
rreceoil.,ss, construction work is ,,rnsracf is
that hat,,s lTS in this country, ,l viii very
rat tins - All nrevious records; NaLu Nar
greaig e4secia interests are very ~ i.f a., ..;o,
net any a. q coming higher Ia.es o fcoTn
1 tie metal a - uileei g now i4I2c. other
panys ass.-iry interests are becotnlhs y
large cautious and are rel lusIhS .,s,,,tS ~
ceednffr ffrto contracts 10 sen go nariods
enter ~ - deliverable over long "a 80
al coppsl .er,ner of sentiment leaus Ile
The prese, ,Lat copper will sell AZ l4@4 " iyS st
20 e,hjrtv davs. Discussing tlS NJ NJ ia
within I'M, lc,,,s a copper man OF tne otu
copper hd ss stands high as an authoiitg
school t1bsr the Secretan syndicate 49, 49,,
sys;, the worlds copper ~ VA
IN Lta5 L5 10 le7. 600 long tons, VIII ,1.or,S's
snolilsseo1l, equal TO the present w5,.o wodiu :
sust ap0"a that time the world pIoi.S5
sIIpoar5 consumption were ABOUT on ON o,,iv
roh -sa,- are now yet u feQulleo eQu,.,.,,
V'hat Lars 10 absorb that surplus aCcNide se,
three yea -el,s it for granted, therefore;
lstioD, o.. o. e,,rTlus will be absorbed
thai us one wear. I feel so cohnoeht
n r. is klfIIre that ! would prefer tra. rs
of ne seli no copper at all TINS Ihoi,l,lhs
coTnpsls, oi,ite apparent that about All OF
i Is 5i,,f nj nfodrcing companies are cui
tne..s nc their outputs from ; 10 ~ P, PEI n
tsihlS5 &c mines put out only ABOUT OF
The bs. ba.'e of their normal product last
ncn,t1liK cLEARTNGs.-The total bank bank
ba;;ns ngs for the United states Tor tIe WeSh ,sf
clearing ssn,9arv Is. 1910 zone day estimated,;
enoeas enoe1s;ng Sa,'~H TO ..The Financial Chronicltes
&c So e09 0e7 as compared VIII 20 .s5 e9a
nsese ;n the preceding week aii9 so,s--,oo', .
"a for the Corresponding so~ tha total hank
ton.gogs Increased 1875 per cent. New i loih
elesf4Ass an increase Of l54 per cent,
S.iiikk.5einhia Siikk Of e7.5 per cent ana OAicaso
n 0.6 per cent ,,c~,-, -,,rr-r,,r
lNI5o4S lNI53iSS-ss ssTTf6T-A T special meeting OF
cOftL LSsSers Of the Internationa AgrlcutJo-
81 ACornoration will be held on ~, h,
- -,ote upon a pToposll@lon @ - 70 ilN sSS Seo ooo
capltal - the So el9.000 increase VIII be
Ones-n@at5 Stock, 10 be entitled TO per CENT
7TeIei,l - Siyiden6S. and the oJher NAN
oomnnon. The preferred stoCA - 70 i;oT,ida
titleo ~ S9-;tb The increase in effect the COM
u uol. 1,jii have S12ee0,ooo preferred slOch
ppn5 80 900 900 common
nrTnFNDs DECLARED. - Divlaenos
,oTa been declared as lo!IoWs: .its,, az
Hsa.a Haee TeIephone Company. regular quar-
stste ~ ~ cent on the common and pre-
se-ra5 ss-12 stocks. the preferred payaptte Nay
and the common March i ): b o,et SIeeSoI, on
w. O'otsTTed- Is per cent on the common
tne en extra 25 per cent on the common
SslL.s-notionsl sLa 80 Coal and Coke company
,,a-ts-lv IL per cent. payable FEBRUARY l.
ALPHA COPPER CoMPANGI;mIhe Go,,,,la rv pf4bpe fbe
.nE ~ which has just been admitted 10
s1o+a+ion on the curb market, are located
,Ses~ SomergiIle, y. j., ana CONSIST OF over
- oc-ss The company has been on
..ras,,ci-e "a basis for a long time, but the
- praoe,Sert decided TO place the STOCK
or +he market in order 10 secure working
caritai 10 enlarge the present IaclIlues 10
~ firsJ capacity Of 1.200 tons OF ore daily,
e!te ;.icl .i.;c time the company Will be able to
produce copper al &c pouho.
wFsT VIRGINIA COMPANY: = More
promising ore has been uncovered at the
mires Of the West virginia company, a.
Psrnbler Wyo This makes six distinct
veins five Of which run parallel and one at
right angles n the others. These veins
widen penceptibIy at depth, and have been
,7roved al points 2.0o0 feet apart, which
bears out the theories Of the engineers VINO
have examined the property, that at depth
The naturalization is continuous between
the walls.
The new offices OF the we'll known adver-
tising firm. of Albert Frank & Co, in the
Stock Quotation Telegraph Company s
building at No. IS Beaver street, will be
opened to-day. For the last thirty-eight
years Albert Frank & Co. have occupied
an inhuentia! position in the eItlslng
world, having acted for prominent flnan-
cisl institutions and industrial corporations
in all parts OF the country.
COMMITTEE ON SECURITIES.-The
Committee on Securities of the Stock EX-
change rules that securities with assign
meufs or powers of substitution executed
CT guaranteed by S. B. Chaplin & Co. prior
70 January l3 are a delivery. II executed
between January L and February r. 1910,
they will not be a delivery unless guaran-
teed by a member Of the exchange or firm
In good standing
AMERICAN STEEL FOUNDRIES COM
PANY-A director Of the American Steel
Foundries Company is authority for the
statement that il April an initial dividend
Of from ! 10 IA per cent will be declared
on the merged stock Of the concern.
NORTHERN PACIFIC.-William Stewart
Too has been elected a director of the
Northern Pacific Railway Company, TO fill
ihe vacancy caused by the death of John S.
Kennedy