New-York tribune., 1910-09-10
TOPICS OF THE STREET.

FOREIGN TRADING. - Foreign nor5 LII
uere not factors in the local Sto,h trDd~ed
Yesterday, dealing IN only d i'
shares tod
RANKS LOSE CASH. - The Iep9nate Ieps9l.,, 30
movements of currency this week iiio re e. =
a loss in cash held by the oahki "a, tho " sub
Treasury The feature of the tn tnose i,fo
was a falling off in the shlpIinsnd1' from
the interior &c Ihs 6oo banks nd s,ieUed into the
;nterior s7.7120oO including $4,000 trahs
ferred through the Sub-Treasury 70 notes
orleans and s117O.OO0 national bank hgIea hTI
cont to washington for redemption M Ire
loss 10 the interior was SS0S,Oo0 tece'gso on
Of new gold were s2.15o.Co. namelGy 200 ~
which s5lDODO represented imported eoIt
from Mexico; on San Francesca Hill iaiiie
checks $4,000 and on Seattle AssaS IN, h,,
checks $1,000 Ordinary disbursements, -, ~
~ G,,ITreasurv were SIS. 79s.0C0 ray
r,ants by the banks 10 the SUP Itd1uI +
for customs. internal revenue. per 500
5Sf 01o showing loss on Sub-Treasury
operations proper Of 81: :i"9eD Ito.''e[ re tD,%l
loss to the interior and 90 on oto DednctinS
tho gain bv new gold, the net losS S,,a,, pS o,,s
banks was 81 $4,000. It frequently udpp s[,a nf
after the first burst OF the Ia. td't he move
ment temporarily shrinks to mereIy h',,,' Ins,
nal proportions The above o-n W onn On the
interior count the previous WSsh. ti1,od fo
GUIDED however 81 100000 gold stlpp'u
canada. The holiday In the cgrreni,. ft,N
had of course. something 10 "'
subsistence of the movement.
COPPER MARKET WEAK ER = no
copper market was shade "ednri NO
terday due largely TO the coppett lions
ducers' figures and lower auottunnrT
abroad Sales of small amounts on tppP,
were made below 1c3s cents . FohI1n, 3a
the leading producers ana ssI',ls f9S5 and 12a,
Cents The copper producers hgures dl,s
NOT result in any scramble on thr p'i con
consumers to buy copper As ad,ctinn "a
sumner remarked. as long a. pr tt,aye
continuee AT a record breaking pace there
need be no fear of runaway mar 4. ~ c,r, -
,rno+ion however producers believe thdl
the current month will show S'trHIhaS. r.
in stocks as a result of the curIaiir,e aiii,Ir,T
rnovenant II Is admitted that ConSunP-
ton of the metal has fallen off within the
last thirty days ,o--
CHICAGO SANITARY - Di9 2t,fcaeo TIiI
BONDS.-The sanitary distTISt na ooo 0I ,oth Of
will receive proposals for sl,VD'c WoI tll -, ~
4 ner cent bonds of the district, oeilisSa oeilis EaaU
twenty-sixth issue. until p m. oepoetiiD oeposa ~
2s 1910. The bonds for the Parpoin7 UP in the
of 81 600 each, ana pea. w w
date of October 1. 1910, with interest," d. ,,ie
as rate Of dn per aarii Gsaf s9d Ssr october each
%ear I,l;sl until the bonds are paid. OF the me
principle of the 100000 of bonds s4o0T0
1872 and $1,000 payable on October l eaGa aGa
Succeeding year up 10 and including Ihe
year 1880,
ST. PAUL BUYS RAILS,.It is an
St. Paul Railway Company has purchasedd
nine thousand tons of eighty-hve-p0uhd
steel rails from the LackaWanmha ma oteel
Company at the regular price of $28 a ton
These rails are to be used in connection
with new branches that are now belng ouIls
by the Chicago Milwaukee & Puget SouIlu
Railway Company, which needs raIlS LOT
about ninety miles of the new track tnat
is now being constructed. 1t may De stated
that the st. Paul is not In the market ior
rails for next years use.
GRAIN EXPORTS FOR THE WEEk.-
Bradstreet's reports the exports OF gram ;
for the week, with comparisons, hSuIe5 III
bushels, as follows Wheat: ~ noue ,t eI31
SIS $50 in the corresponding period laSl
year from July l, 13, 1854, compared WIN !
I9 S32 931 in the same period last year.
Corn 276452 contrasted with 2l6403 last
week and So $50 in the same week 1909; from /
July /. 2,5S8. 85I compared with bp0,aV5 III !
the corresponding period last year
DIVIDENDS DECLARED. = Dividends |
have been declared as follows: The Un1ted
and Electric Company, regular
quarterly ~ per cent. payable october l. /
regular quarterly 4 per cent on the com
mon and preferred, payable October l; !
the Lanston Monotype Machine Company,
regularly quarterly 1 Il per cent. payable I
so: the New York. LackaVdnna /
& Western. quarterly a per cent, pay
, bile October /: the Newark & Bloomfield |
payable October l, and the Warren Rail- /
road regular semi-annuai 31s per cent, /
payable October 10.
GUARANTY TRUST COMPANY.-The
directors of the Guaranty Trust Company
have decided TO cancel the 2,341 shares OF
the Fifth Avenue Trust COMPANY former
" owned by the Morton Trust Company
and which came into the possession of the
Guaranty Trust Company through the
merger. In place of this stock the COM
panY will issue 1,21S12 shares of it's own
stock. which will be offered TO stockhold-
ers for subscription at $500 a share.
NEW OFFICERS OF WORCESTER
SALT CON1PANY.-Lorenzo Benedict, for
merIy vice-president of the Worcester Salt
Company has been elected president of
the company to succeed the late Sylvester
G. Wilton. Timothy l. Woodruff has
been elected vice-president, and F. {.
Lounsbury secretary.
COPPER EXPORTS-ExpoTts of cop
per for the week ended September were
217 tons, making from September I a
total of 5.@13 tons. against +,ebt tons IN
the same time last year.