New-York tribune., 1910-08-19
TOPICS OF THE STREET.

sold upward Of 20.OOO shares in the local
stock market London was a heavy Ouyet
OF American issues for speGuiatlsek asrket and
according to its usual custom. III IS now
taking advantage Of every opporIunity, ,rbo "a
sharp advance In Wednesdays market
therefore naturally encouraged active sell
ing orders yesterday.
COPPER TRADE CONDITIONS.-Non
of the larger copper selling agencies, IN
Guiding the United Metals Selling, Phelps
Dodge. American Smelling and Rehnlhs,
American Metal and L. vogelsteh1f 1oal Z Is
and a strong buying movement Is reporleG
at that figure. Consumers who purcnaseo
with view to immediate reqolr emenIs
fortnight ago are now buying some"nat
ahead for the first time in many months;
Several of the agencies have conuacteo
for deliveries up to the middle OF &c. OctoDeI' oo.
per will go TO Is cents by the END OF tIle
current month. There Is considerable m
quiry for lake at 125sc, but little business IS
five and a half months ended AuguSl 20,
the foreign visible supply, which 1ncluoeS
stocks in England and France and anoaI. a. al.
cent, from the high record OF 254,l5O 40
pounds as Of February Is last ana f9Telgn s1
l6 per cent. from the high OF A2'43S'z"
pounds at the close of February
COLORADO & SOUTHERN SELLS
BONDS.-The Colorado & southern RalI-
explanation OF this sale the president
OF the company makes the following state
nent: Bonds to the face value of s..
593 900 have been issued to reimburse the
company for advances and expenditures
heretofore made from income for conStruc-
line from Southern Junction. COL, 20
waIsenburg Junction approximateIy
forty-nine miles and from MeLiIngtoIT, on
thirty-two miles This construction VIII
give the Colorado & Southern lines an un-
broken road from Orin Junction. Nyoo 20
Junction with the Chicago & Northwest
ern and when these extensions and other
extensions contemplated by the BurlinS-
ton system shall have been completed the
two systems will connect at I'VE dlHerent
points in Colorado and wyoming The n e. pal Al
ance of s407, 900 bonds out OF the sS.WOtV
issue Is reserved for improvements
AMERICAN AGRICULTURAL CHEM
ICAL.-Although final inventories will not
be completed for another week or Ten
days results OF the American Agricultural
Chemicals fiscal year, ended June 90 last.
were the most successful the company mas
yet enjoyed It is understood that gross
sales showed an increase of between
10 per cent while balance for the s1l.rccD
common stock after taking out the 81
100 0oO of preferred dividends, was equal 10
dend action this fail will remain undecided
until a special committee of directors, ap-
pointed last spring, concludes It's 1nveSu-
cations
DIVIDENDS DECLARED. - Dividends
have been declared as follows. The Gu
ban American Sugar Company, quarterly
Is. per, cent ON the preferred payapie pc
Company. quarterly per cent on the COM
mon an increase of L of 1 per cent quar-
terly; the North Star Mines Company, 4
per cent. payable September II; Brooklyn
Union Gas, regular quarterly III per cent
payable October J.
STOCK EXCHANGE TRANSFERS -
posted for transfer yesterday. but only one
of these transfers was the result of sale.
the seat of James A. Patten, as reported IN
Yesterdays Tribune, being purchased by
Harry L. Terry for $4,000. \. ]. Elias
transferred his membership to his son. H.
H Elias and the membership OF Tristram
transferred to Emlen NJ Drayton, of the
same firm.
BATOPILAS MINING COMPANY--The
Batopilas Mining Smelling and Refining
groups of the mines of the Batopilas Min
ing Company of Mexico, has sold 5000 OF
its shares, upon which f3!. 500 has been
paid up and 1880 will shortly become
due. In consideration for the lease the
Batopilas Mining Company has received
2230o0 II shares of the Ensllsh company
out of it's total capital of f3o.OOO-
KANSAS CITY SOUTHERN.-In its re-
port for the fiscal year ended June so. 1910,
which will appear early in September. the
Kansas City Southern Railway Company.
exclusive of subsidiary companies, will
show gross earnings amounting 10 Sa.594.65l
and net earnings of Sc. 326.061
REFINED SUGAR HIGHER.-The Fed
eraI and Warner sugar refining companies
have advanced the price of refined sugar
10 points to SIS. The American Sugar Re
fining Company has advanced the price OF
hard sugar 10 points, 70 5-25, and soft sugar
20 points. to 5.35
MONEY FOR NEW ORLEANS. - The
Sub-Treasury transferred yesterday 100000
TO New Orleans for the account of local
banks Total transfers on the current
movement of currency TO the South, S60o, 600.
COTTON EXCHANGE TO CLOSE-The
Cotton Exchange will suspend business
from Friday night, September ., to Tues
day morning. September s.