New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-12
TOPICS OF THE STREET

-,1RFT,,N TRADING.-ForeiEn houses
ssslt in upward Of l2.oe shares in the Local
cock market. about evenly diVloeu Oe-
tueen sales and purchases.
THE COPPER MARKET.-Eiectroiyt
.,rner Is quoted at I2ssGI2ss cents pound
49,. practically al the business is being
s,,a ~, \ basis Of I2Ss cents. The buying
.,over1enr which was In evidence last week
,,,s subsidized. and this is largely respon-
irle for the easier tone OF the meta
large copper cons me- appear 70 eS .o ,o
lowing the policy OF the 49, en- ,,Iv
Slfv1nE Tor immediate requirements on. :
consumers hold to the opinion tha5 tlere
e nlenty of copper &c so round ana haste
- cover future requirements IS not heces-
~ There was 40 response here to the
higher quotations in London.
REASON FOR STEEL TONNAGE
SHRTNKAGE.-Tbe continued snfinkase IN
she untitled tonnage OF the United states
S-esl CORPORATION Is due almost entirely TO
-se falling OF II orders for heavy steel,
-srticula " plates, steel rails and struct-
t.-sI r,srerssl. should the railroads enter
No market for normal requirements there
,,ouIS be an immediate change tor the bet
Ter. so far as tonnage statement Is con-
ce7ned.
rgIE-S ANNUAL MEETING The an
ruaI meeting OF the Erie Rail- DAD was
I'D yesterday. James 1. Goodwin, L r
T.o-ee. ogden Mills and 7. !. Stetson,
whose tel ms as directors expired. were re-
elected There were five stockholders pres
ent IN addition 70 the directors. The COM
psny's annual report VIII be found Else
where IL The Tribune
SOUTHERN RAILWAY.-At the annual
meeting OF the $ OckhClocrs OF the SCUM
ern Railway company heid AZ the pIIh cIl1ai
c'fiCe o. The company. IN hlchnlono, "a.
= este-Cay. A Is. Andrews. first Nlce-presl-
dent. presiding. the annual report q the
company Tor The fisCd! year ended June 81.
-lft vas submitted and approved. and
George + Baker. Jr-. Adrian lsehn, IT,
Charles Lsnier and Edmund d Randolph
were elected directors OF the third class for
a. term OF three years.
FARMERS LOAN AND TRUST CON-
pAN1.-A special meeting OF the Farmers
car and Trust Company has been called
for OcICh her % for tie purpose Of voting on
a proposition 10 alter and amend the COM
ranys charter 50 as 20 include the purpose
and power 10 transact business by branch
CfiCes II London. Paris, Berlin and Rene.
DIVIDENDS DECLARED. - Dividends
have been declared as follows, The United
states Realty and Improvement Company,
-sclIla- QUarte-.y IA Per cent, payable No
rente~ I. the Kerr Lake Mining Company.
regular quarterly . cents and an extra -
cents. payable November =; the American
District Telegraph Company OF New Jer-
October -, the Binghsmton Light. Heating
and Power Company, ~ per cent on the
preferred and three-Cuarters CT per cent
on the common. payable October i. and
.he Sayre Electric Company. IA per cent on
-he preferred. payable october IS.
OFF 1RINJ5 OF PREFERRED STOCK.
80 sale or advance in price SLOe0.e0 per
cent cUmU, ative 81 referred stock OF the
Pierce. Butler & Pierce Manufacturing
company al 100 and dividend, yielding :
-eT cent
IRE rlerce. Butler & Pierce ManufactuT-
t1E Company l. one of the Oldest concerns
engaged ia the manufacture and dlstribu-
zion Of steam and hot water heating ap-
IaratGs and sanitary plumbing supplies
THE plant is located about two miles from
she business centre Of Syracuse The n o
lUcts are distributed through comp =
hans.ve selling organization. The present
issue Of per cent preferred stock Is S.36J,-
ta Of which 1856, 600 i TO be used 10 retire
visiting issues Of 8 per cent first preferred
md per cent second preferred stocks.
The proceeds from the sale OF the remain
ElE s. neU 600 VIII be added to the working
rZQitEl. For the last five years the earn
-uss have been equal 20 more than two and
d. half times the annual dividend REQUIRE
-leut on the new issue Of S.5o5-e0 Der
cent preferred stock. or at the rate OF l.6
rer cent a year. The company has PAID
run dividends on previous issues Of pre-
Tered and common stocks for ten years.