New-York tribune., 1910-01-30
TOPICS OF THE STREET

CSoPPkR TRADE CONDITIONS Walk
ana 0Uippef 0cipIpo letter says: Copper is quiet
III pilces are unchanged. Lake is II 70
att4 cents and electrolytic is I3a[ cents RI 10
cSn.S &c pound. The satisfactory outcome -
increased demand in the foreign I1arILa+t a.
dIIu L tne outlook is much brighten nov,
nas+ ra,S4 1 mas been for two or three weeks
RasL- The move or Anaconda to increasa sa
It's capitalization for the pTrpose of 80 g Se
oner W the several Butte mining cOmnaniass
ass,ira2ca RUpertles ts mas given the metal trade
tai,I Lon Is 70 be effected substantially as orig
hniIiHy hi%ii Planned This will be taken as a
VIII nave increased confidence 9nd ~,
more freely in the future I ,nderstsnS
tLta5 ~ the n General Electric Company expects
~ ~ q per cent more business this wear
than II did last. This will mean thai q
ker cent more copper will be Consumed in
Ste+ee ect[iGaI heId this year in the United
IN IN TINS direction are not set too high the
dCtua4 consumption of copper in 1910 shoIIId
cent over 1909, ratio Of expansion which
mas never been equalled but once before in
mere IS every prospect that the remaining
available surplus Of copper viii he ab7
soroed IN the coming four or five months
ana that prices will go higher It IS now
reasonable TO expect that copper viii sell
as 6lgh as 10 cents pound by September
or October Of this year.
NEW NEW STOCK EXCHANGE FIRMS. T.
"a anyway Stuyvesant Fish jr.. member Of
me STOCK Exchange, Trowbridge CaIIawav
ana Charles e. Adams have formed a CO.
aTtfTTs3lP var Fis p under the firm name of Gala
sIIeet. S!t.. me nrIn VIII begin business on
Trepruary l. Both S. 7. Galway and
Iate 5 T. Galloway, former president of the
New York Central and president of the
American Locomotive Company
MOVEMENT OF COTTON-The total
port receipts Of cotton, as reported bv .srba
Financial Chronicle" are as follows. "Far
the week ended January 2S the total re-
Geipts dio have reached 10S.S65 bales against
1928 bales the previous week. making the
total receipts since September / 1q0q
5,636'79S bales, against 1920 672 for the
same same period or 1905 0s. showing a decrease
Telegraph reports from the South Indicate
that rain has been frequent throughout the
however, and the temperature has averaged
81 during the week"
RECORD PIG IRON PRODUCTION
The American Iron and Steel Association
plete statistics OF the production OF MS,
iron in the United States in 1909 The 20
taI taoo PRODUCTION o &C OF all kinds OF pig iron in
0l8 tons in 1908, an increase of g. $50 453 ions
or over 6l.S per cent. The production in
1909 was the greatest in our history and ev
ceeded by 14l1O tons that Of the banner
year. 1907 when q. 1361 tons were made
The production of pig iron in the second
by 3.75O.779 tons.
BANK CLEARINGS- total hank
cleaTings for the United States for the
week ended January % zone day estimated1
were &,7SG526,15S. as compared with &24.-
362, s62 in the preceding week. and s. 936 -
469. S68 for the corresponding week of last
year Compared with last year the total
Dank clearings have inCrea sed 2sS ner
cert. New York City reports an increase
OF 337 per cent. Boston 22.3 per cent g.
Louis SO per cent and Chicago 105 per cent,
GOES TO EUROPE.-A J. Sauter. who
has been in the employ of Speyer & Co for
forty-eight years. sailed yesterday on the
American liner Cincinnati for q
three months holiday in Italy and the
Orient. MIR. Sauter. on his return. expects
TO resume his duties head cashier for
Speyer & Co, and to complete his fftv
years service with the banking house.
TICKER BOOK" READY-The January
number of THE Ticker Book and Manual
Of the Tape. containing all the financial
tions Of all active stocks and bonds with
the range for the year, and complete Cfvi-
dend history OF all important corporations
for a series of years. has Just been issued
by the stock and Bond Quotation Company,
No. % Broad street.
INTERNATIONAL AGRICULTURAL
Owing 10 a legal flaw in the calling Of the
Agricultural Corporations
special meeting scheduled for yesterday to
Increase the company's capital stock from
BIS 600. 900 10 s24. 900 000 adjournment was
made until February II.
INTERNATIONAL HARVESTER.
International Harvester Company has de-
,larrd stock dividend OF 33 I3 per cent on
stock OF record February 8.
LINCOLN BANK DIVIDEND.-The di- |
-ectors OF the Lincoln National Bank have
declared a quarterly dividend OF 2hs per
cent, payable February l. This Is In |
crease Of per cent annually.
ADMITTED To DEALINGS The Stock |
has admitted 10 dealings Utah |
Sopper Company rights and Kings County |