New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-07-09
TOPICS OF THE STREET

FOREIGN TRADING-Foreign houses
oeaLt IN upward OF 5000 shares in the local
stock market The large number OF trans
actions were on the buying side
BANKS LOSE CAsH-The reported
movements Of currency this week indicate
loss in cash held by the banks OF 81 e18-
~. LAKE, last week. this result was brought
ABOUT solely through Sub-Treasury opera
nominal gain from the interior. The banks
received from the interior 1912. 600 and
Shipped INTO the interior SS,S71,000. including
S-'ff4.uOO national bank notes sent 10 Wash
!ngton for redemption. The gain from the
interior was S251.0O0- Receipts of new gold
were Sl.4l3.000, namely: On New York As
Assay Of1ce checks. 500 900. Ordinary dis
pursernents by tie Sub-Treas ury were
22.20g,e1o. Payments by the banks 10 the
Sub-Ireasury, for customs, internal reye-
nue., per cent redemption fund taxes
etc, amounted to So, So. 600, showing a loss
on Sub-Ireasury operations proper of
treasury operations proper the gain from
the interior and by new gold the net loss
by the banks was S7.91S.O00
COPPER PRICES ADVANCED 40
cordlng- 10 cables received from F,uroDe,
the calumet and Hecla has advanced the
price Of lake copper to Is cents a Ta141d
having sold a large quantity recently on a
basis OF Ia cents a pound. A general ad-
vance IN copper prices is expected nv
the trade as a result of the better SHOWING
OF the Copper Producers Association in ~
month OF June \ representative OF one
large pOrphyry property saws his cOr7DaD,-
does not intend 10 sell any more corner o,
a basis 81 1212 cents a pound The LARGER
production in June was attributed to in
South America. The consensus ~ -
trade Is that production this month y-ifI
IaI considerably short OF the outp11r in
June. 'pN' Al
JUNE ANTHRACITE SHIPMENTS
Production of anthracite in T11a 80
5,SsS.123 tons. an increase OF 493 % 80 d
over June. 1909 These large ebiT-,,o,-.
were made Notwithstanding Efforts on tbs
part OF some companies 10 restrain ION
mage The Lehigh Valley was tbe 49, -.
shipper and went considerably abaad -
Feadlng' although the latter comDany-
made handsome increase over f+s 60 C. :,
tonnage in June of last wear Tbs ne Ia =
was the only company which showed - 80
crease IN shipments, owing to a s4r,l-a :;
the Erie mines. 0'i me IN
$500 $3.50 EXPORTS FOR THE WEEK
for the week, with comDariSo,,s" - gram
oGShels as follows: Wheat. -four 49,, -
- L.1o0 TO- against 1.531, III last week 49,
L,s1-.oAo IN me corresponding week LAST
9t1I corn lSOOi2- against III I6q IsSr 49,
and 4i.41S in the corresponding Vel "etA
year week last
FIRGINIA-CAROLINA DV-rDE~o
Inc Inc directors of the Virginia-CyaroIira
GnejnlcaI Company have declared a C4i M :
dend OF per cent on the c0rrno,, 60
payable in four quarterly tnstaIrnsI,+ IN n
ginning August II. The cornDantc -, Dc
1or the year ended May 81 siIrpIus a ~ =
anIe Tor the common stock of - 0Ts 600 II
increase of S2,495. 7G5. Net earUine-s -, ail
So-S36-65S. an increase of $50 6SS &c. - :
preceding year. In 1909 per cent vas , e'iS
on the common vas pau
APPLICATION TO LIST A,rli,o.;.-
mas been made TO the New y,3 % g. tlot
Exchange TO list the following Sa1r SstocA
United DRY Goods COMPANY g 9sf a., ;
1ltlondl common stock: Kansas 1S{+-" - 81
scott q Memphis Railway CornnaII,, - ct
UoS0o additional per cent refrInCii,,i- 80, 81
gage bonds, due 1886, ST ont iii 81 I
francisco Railroad Company KS ~, o '+i
dluonal refunding mortgage 49,. au-
bonds, due 1881 P0i cent
SUGAR TRADE CONDITIONS
consumption of sugar in the T-nits5 c,. +. ne
as inquired by Willett & cray for . Itdtes,
months ended June 80 OF this vaar tilS SIX
tolaI OF l.bIlSeo tons. against I 500 ql- Las
year and l'9S6.SS9 in 1908.
CANADIAN PACIFIC-Tbs sto~l r
Chahse announces that all transactions !,
tdnaulan Pacific subscription reCefnts fo,-
capltaI stock until further notice win Ia
fourth instaiment so per cent paid
NEW COTTON EXCHANGE NFNRFBS
tIeorst W Fooshe, OF Memphis and Try.i,,
hlns: of Philadelphia. have been elec+sd
members of the New York Cotton r.
change i-A-
DIVIDEND INCREASED direcro-
or the Germania Fire Insurance C'opDs,t,
nave declared Semi-annual dividend ~ q
per cent. against ~ per cent six monrbS
ago. payable July =