New-York tribune., 1910-01-09
TOPICS OF STREET

COPPER TRADE CoNP,iI ,nnpeI Io> Continues iie
~ .pga,l,en lake IL now II 10 las cents
and efectrolytic is 1S@< 10 lo,s ,,,aIe az Tas
S Seles %, 90 % electrolytic al 1875 cents. one
factnr mai has operated 10 sllIel =. -
- u,eoL is the threatened susIeIIsIol I', va va
,,,,era SONS by the various -Al'l''i .ro. On
-, D~.,a mines. which produce heaiI4 y
g., o,,t of the world s copper, oue 10 a 2,
disposition OF the miners ullSn @ ~ Uto Ia v,e
Iroa5t. i0sT their strike. Shou'd me mus I!l'
and SInelters Of Butte suspend opei E d I'LL d.iU,i,
for one month, it would undoupIeula 4e - -
on advance I'm the price OF copper ~ -
,"s - The consumption Of copper goes on
Sncyessiue steadily. Consumers are IN :"
,nnrb more hopeful frame OF mlnd, ana @ al =
5.,,,i1, more freely than they have at any
tiTne since last May and june Iiere III n
everv prospect that the copper Trace /" "a "a
eniov a period OF great prosperity 10. a
least three 10 five years 10 CONF. ,',iro. pG09
Judges OF the metal market are preGlcttlilSs
ihsT copper VIII sell at 10 cents peLoIo p
February !. I believe that the ave- 30
1,rfce his wear viii he very close 10 20
Cents and | shall not be surprised - -
is higher"
RECORD REDEMPTIONS.-Red
Of national hank notes IN lyS "a a1S
ssgg ~ 3so which were S79,SVi,o'@ s!eaee'
tTsn ia ieG7 IN 1909 every montn az re-
6entptions exceeded the cotetSPo coteBP 1oc ee5
nl"lLL 5d a. ,aos fisures bv S7S.613.2sS. The
redemption of bank note cifcuIatloh lleS a.
wavs beer taken as a criterion oi thS
money requirements OF ihe Couhu y anu
rbere Is mo reason 10 suppose that the eK-
perience OF 1909 is an exception 10 the RUE
At ANY rate. the enormous N3Iume oI re-
Sor3pfio7s last year is somewhat in keep
ing with the very much iessened outflow OF
ctrrer,cv from New York into the country
during the fall of the year and the rather
low rates for money prevailing Tor the
greater part of the year II would seem
Thai Here has been still considerable sur
plus OF idle money I'm tho country, notWith-
l1q
business that has undoubtedly taken place
CHICAGO GREAT WESTERN.-Th
committee on securities of the stock EN-
Change rules that transactions III ). J.. Nor
KAN d 60. engraved certificates OF deposit
for Chicago Great Western Railway Com
pany dehenture stock, preferred y stock.
preferred Il stock or common STOCK may
f,e settled liv delivery Of either said certifi-
catcs ~ deposit or he securities of the Chi
cago Great Western Railroad Company is
sued therefor. Oa he basis of 100 shares of
ccrrif,atcs of deposit. This ruling applies
also 10 borrowed and loaned stocks. The
committee recommends that in converting
ccrtificates Of deposit into securities of the
now company. II be done so that contracts
tn 100 shares Of certificates can be satisfied.
APPLICATION TO LIST.-Application
has been made TO the Stock Exchange TO
list S0502o9 additional common stock of
the Chicago & Northwestern Railway Com
IanE. S1lt5oh additional first refunding
mortgage ! per cent bonds, due 1913, Of the
Delaware & Hudson Company: Ss500,00D
first lion TWentN-fiVe-year per cent bonds.
cue I--4, OF me International steam Pump
tpmUany. s. 10000 additional common
stock and $2.5Ga.oD0 convertible debentures,
cue 1919. OF The Philadelphia Company, and
S5.5r1@@ refUndinG first mortgage real
estate per cent bonds. due 1929, of the Ma
tiouaI Enameing and Stamping Company.
MOVEMENT OF COTTON.-For the week
ended January the total receipts of cotton
were 1881 bales. against 7S9 bales in
the preceding week. making the total re-
CciDts since September ]. 1909. :, ,236G0S bales,
egalnst 6149,599 bales for the same period
"f l9os-'89. showing decrease since Sep
temher !. 1903, of S2 bales. Weather
reports from the South indicate that rain
has been quite general during the last
week. Temperature has been lower, with
snow in some localities.
BANK CLEARINGS.-The total bank
clearings for the United States for the
week ended January S. 1910 zone day esti-
mated, according 10 THE Financial Chron-
iclo.' were s., 60.25S.429. as compared with
$.772 $3.50 for me corresponding week of
last year. Compared with last year. the
total bank clearings have Increased 2s.8
Per cent New York City reports an in
crease Of 80 Per cent; Philadelphia, 45.9
peT cent Boston, 16.2 per cent. while Chi
cago shows a decrease of O.6 per cent.