New-York tribune., 1910-06-04
TOPICS OF THE STREET.

FOREIGN TRADING.-Foreign houses
bought upward OF 5000 shares on balance
In the local stock market. In the last tlli 80
days foreign purchases have amounted u
more than 10000 shares on balance
SMALL. GAIN IN CASH--The reported
movements of currency this week Indicate
a gain in cash held by the banks or Stlit-
COO The interior movement was smaller
than usual. and the gain was drawn down
by the gold shipments TO Canada carrier
in the week The banks received from tne
interior S.S24Ooo and shipped - 70 ine II, ~,
terror s5 $1,000 including s, $4,000 gold com
sent to Canada and S.222.0o0 national DanK
notes to Washington fer redeInI tlon- ne
gain from the interior was sle04'o 70 'o,,,eIy
on New York Assay Office cnecks Scoi'Vv
on San Francisco Mint checks $500 dlI,' N
on Seattle Assay Office checks %4;Vo. l VI
binary disbursements by the SUD ITedsutS =.
were 81, $4,000 Payments by the banks 20 20
the Sub-Treasury for customs: i1'e ~.
amounted to 50, ,685, 600. showing a IosS o9d on
Sub-Treasury operations proper or Sz'SIS'uyV.
The total gain from the INFERIOR gnu ,oOs -
new gold was S.I3O,W0 Deductlns I.S Hta 80 80
on Sub-Treasury operations proper I4o mt
gain by the banks was s411-coo
COPPER TRADE CoNDITIONS.L--TIh
copper market is in waiting p0sItlon5-
May statistics will be given out on June - :,
and both consumers ana pIouuco4I n4IrtrsI
holding back until the markets. teChnllcd-
r,osItton is more clearly Defined NS~
business Is quiet The United Metals sen
ing Company is firm at l3 cents ou. sbsd7
is some nearby copper to be had at shan1
ing from that figure Lake is qufet ,,l aIll
unchanged from 13 cents Producers ioOh
for a slight increase IN snocA5 Lor - H +Ss
decline in the foreign visible supply WI.
be the most favorable Of any OF tne IasL
four months Consumers are caarS ifIS fo, TTs
small stocks. Exports OF copper 1Or IAo
week ended on June were 1853 tons
DIVIDENDS DECLARED. - DIVIDENDS
haye been declared as follows: MercanuIe
National Bank, regular QualteTiy ~ 80
cent. payable July L. Arnerlcan plaae
Ist per cent on the preferred and quarterly
~ per cent on the common, the latter Pc
nusrterly. both payable June 30; Swift &
Co. regular quarterly ia per cent. payaole
July 4: South Porto Rico sugar COMPANY
regular quarteriy per zee zen common 0n on pay-
able July I, and National Reserve 6aIh ~.
regular semi-annual per cent paSao1e
July I.
APPLICATION TO LIsT.-Application
change to list 81, 10000 1fty-year per cent
first mortgage bonds Of the jamestown,
Franklin & Clearheld Railway Company
81 600 900 preferred stock and s, 10000 COM
mon stock Of the American Brake shoe ana
Foundry Company, and s17o,oo addltionaA
ond referred stock and 81, $4,000 additional
common stock OF the United States huOOer
Company
FAILURES IN MAY-Falure reports TO
Bradstreet's for the month Of May show
only q slight increase over the April num-
Der and q marked decrease In liabilities.
while there were fewer suspensions tnan n
Nav of 1909 and 1905 Liabilities, WhlIe
slightly larger than IN May q year ago, are
less than half those Of May, 1908. and. on
the whole the returns, while showing some
irregularity, indicate Improvement over the
CORRESPONDING periods OF the last two years
GRAIN Observation-Disclosures reports
the exports of grain for the week. with
Wheat flour included. 29lO6 against g.
5s4.l IA last week and 2,125.199 IN this week
last year: fiscal year, 136. 502. OF, compared
with SOg1301 in 1879. Corn, ZSs, 10, con-
trasted with s45,S64 last week and 36.1sS in
this week last year: fiscal year. ZI,z5i;loS
compared with IS, 955,1l IN the corresponding
period in 1903.
CALUMET AND HECLA DIVIDEND
DOWN.-The directors Of the Calumet and
Hecla Mining Company have declared
Quarterly dividend OF 81 a share. reduc-
ton OF 81 from the last preceding quarter
ly payment A year ago $ snare was
paid.
ADMITTED TO THE LIsT-The stock
Exchange has admitted TO the nsI AlcH--
son, topeka & Santa Fe subscription re,
ceipts for ffty-year per cent oonds' lull
paid. and interest from June !. 1910
TO DEAL IN RAILROAD BONDS.L-H1-
Duncan BuIkley, No. = Broadway. speclaI-
Isl in steel and iron bonds. has opened .
Department for the TRANSACTION OF ousl-
ness in railroad bonds and equlpn1st, uuS~S
under the management OF Harold Palmer
NEW COTON EXCHANGE MEMBERS
s Pemberton Hutchinson, or PnlIaoel-
phia, and Sidney J. White. or New orleans, O-
have been elected members or the Ne"
York Cotton Exchange.