New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-25
TOPICS OF THE STREET.

FOREIGN TRADING -ForeiEn houses
sold stocks on balance IN the Local. u---l -
70 the extent Of about @1ev Saa-e>-
EGYPTIAN COTTON CROP--A crop ~
I-SG01n1 bales Of i've hundred pounds edc-s
is now given a. the minimum eSil'il-'-g %
The Weld fv Egypt for the current season
that OF last year. and the increase IN con-
ueCtiOu with the higher price Is part ~
pIanatiou or the larger demand on the parl
Of Egypt for gold with WniCH 20 IhA.i.g
that cOuutryS cotton crop Good L1--
Egyptian II selling at Liverpool az ABOUT
four cents higher than a year aEo- II j.
estimated that the gold requirements OF
the Egyptian cotton crop viii call for the
shipment of about E2.l4oe0p from the Lon
don market In that case. at least I'LL
po.o0O more viii be needed
THE COPPER MARKET-Cop7er pro-
ducers and selling agencies declare more
copper has been sold for future delivery
responding period m two years They re-
gard this as Indicating that consumers are
buying with more confidence As 70 the int
ure. sales OF copper continue tair. upt-
WlthStandIng the heavy contracts made
since the first Of the month one copper
producer figures that in the last four
months Of the current year. stocks In this
country viii show a Shriukage of between
50O0o00 and -5,o0o.o"p pounds
GATES on CONDITIONS. John W
Gates has returned from Chicago and eN-
presses himself as optimistic on business
conditions He SAYS that steel prices are
holding very firm and that all danger Of
steel industry" said Mr. Gates is rest-
ing on a firm foundation and the general
outlook IS for prosperity in the year 1911
The steel companies are doing a fair buSi-
ness but before the close OF the year or
ders Will ne coming in in increased vol
une."
directors of the Grand Rapids X Indiana
Railway Company have passed the semi
annual dividend usually declared at this
time. Dividends have been paid AZ the rate
nj 2 - mt sir 40 AL
Is controlled by the Pennsylvania. but is
operated by its own mana cement In a
statement 20 the stockholders the directors
say that although the gross earnings or
the company to September 80 show a fair
increase the operating expenses, taxes
and other payments have increased to an
extent that leaves the company without
any net income applicable To dividends.
FUNDING COMPANY OF AMERICA
At a special meeting Of the stockholders of
the Funding Company of America it was
decided to increase the number OF directors
from five to seven Charles J. Buchanan.
OF Albany. and Howard 5. Kennedy. Of
Troy. Will be added TO the board
INDUSTRIAL LOAN WELL RECEIVED
IN LONDON--A cable dispatch from Lon
don says that an excellent reception has
been given in that city 10 the new indus
trial loan offered by the banking firm Of
!. Henry Schroeder & Co II consists If
f1.a0oo1 5l2 per cent first mortgage debent-
ures Of the Lima Light. Power and Tram
ways Company
APPLICATIONS To INSTRUMENTATION
has been made to the New York Stock Ex-
change by the Chicago Great Western Rail
way Company 10 list $1,000 On additional
first mortgage per cent bonds Of 1859. and
by Nelson Morris & Co to list 81. 800. 0NO
first mortgage Az Der cent bonds Of 1893
DIVIDENDS DECLARED - Dividends
have been declared follows. The Aueri-
can Steel FoGndries Company. regular
quarterly IL per cent. paya Ole November
10. The Sen-Sen Chiclet Company. I per
cent PAYABLE October 81
NATIONAL SURETY COMPANY. The
stockholders of the National surety Com
pany will meet on November to vote on a
proposition 70 increase the capital stock
from $3.50 go 10 81 100000
UTAH COPPER output Of the Utah
Copper Company for the month of Septer1-
Der was 7.G77 .035 pounds
REFINED SUGAR LOWER-The Fed
eraI Sugar Refining Company is quoting re-
fined sugar at as. points lower