New-York tribune., 1910-08-21
TOPICS OF THE STREET.

COPPER TRADE CONDIIlONo---N W an ~
er'S copper circular says: Ihe Vol i.e,9 -
business done recently has been NeIg .sr. t5-l r.
and the amount of copper held by pIodu = :
and selling agencies has been reduCeu II ~
some cases 90 to 20 per cent lHe dEtISi' a
advance in price from the low Lo- L1G a.
grades slightly exceeds half q cent pouA,.-
Producers have been meeting consumer III ~
a very fair spirit and supplying them W. ~
copper without demanding any consldeIt te,,5 az
advance in prices, and consumer Het 80 - :
responded by purchasing quite freely IoI
September and October delivery As d
result OF this the statistical position OF @ SIle
metal is undergoing a very decided I'M, M
proyement. Both domestic DELIVERIES dI1
exports should show large increases LOT y
least two or three months 10 come, L aild
both the domestic and foreign SurpiuSes
should be greatly reduced. During the III -
half of August the foreign visible supply
showed a further decrease OF o,o-o.soO
pounds and is now smaller than at any
previous time since last OCTOBER: Inns
month exports promise TO exceed thosS
the outlook for the metal there is gen
eral disposition to place too mIcn sttsSS
upon the real, or rather assumed, business
depression in this country For elsnl "
nine months past a coming business re-
action in the United States has peen pre-
dicted freely on every hand, but so TAR II
has failed TO materialize. Merchants every
where have reduced their lines OF goods
to the minimum, and yet their purchases
have compared quite favOraoly with those
Of the first seven months Oh lsJs. q Pe.1oU tt1t
business was very good: and, so TAR as
am able TO learn, commodities OF all KINDS
are moving quite freely now.
NEW ORLEANS. MOBILE & OHIO
With the call for the seventh instaiment Of
the $40 assessment on the stock of the Mo-
bile, Jackson & Kansas City Railroad ana
the Gulf & Chicago Railway, the reorsanl-
zatiOn of these properties under the name
of the New Orleans, Mobile < Ohio i near
ing completion The last call for the re
mainder of the assessment will probably be
ms Tp in haT RnT6G n
pany to the amount OF over SS,tU3.UOo nave
been issued, bona for bond, to the bond
holders OF the old companies. In addition.
they get 10 per cent in preferred stock
Holders of the old stock who pay the as
sesSment get par for par in common stock,
and for the $50 assessment par in bonds,
with a 20 per cent preferred stock bonus
STANDARD FINANCIAL QUARTER
LY."-The Standard Statistics Bureau has
Just issued The Standard Financial Quar-
terly,' a valuable reprint from its daily
card record In compiling the quarterly
great effort has been expended 10 digest
and classify the contents in advance. so
that the financial condition of companies
ana the market and investment position of
their securities Is inteuigible alike TO the
stauStician and the casual investor. y
uniform classification has been maintained,
so that any item of information can be Oh
tanned at glance without reviewing pages
of irrelevant matter. The Advance Calen-
dar OF Financial Events and The Market
are especially interesting feat
ureS.
DIVIDENDS DECLARED. - Dividends
have been declared as follows: The Gas and
Electrical Securities Company. initial
monthly az of per cent on the preferred: {:
the international Smokeless Powder ana
Chem al Company, = of ! per cent on the
common. payable October l. and regular
SeTn1-annual per cent on the preferred.
payable November %: the Boston Woven
Hose and Rubber Company regular GUAR
terly 81 on the common, payable Septem-
Der 10, the BrOcton Il Plymouth Street
Railway seml-annual 81 on the preferred.
payable September Is. Richelieu and on
telly IA per cent. payable September 1:
Hawaiian Commercial and Sugar COMPANY
extra 90 cents share.
BANK CLEARINGS.-Total bank clear
mss OF all clearing houses OF the United
States for the week ended August 90 zone
day estimated. as complied ET The kir-
ancld! CHRONICLE. We're S3,62 go, fO2, against
25iS.6l2. COL the preceding week and 81
52i,ZS3'eit the corresponding week last year
Total clearings. all cities. as COMPARED with
the week ended August 81 1859 decrease
IL per cent, New York City decreased 81
per cent Ghlcago - PEI cent, Boston 65
Fer cent. Philadelphia - per cent. while
St Louis increased 50 per cent
COTTON INTO SIGHT.-The New YorL.
cotton Exchange reports the amount Of
cotton brought into sight for the week
ended on August 10 as 1915 bales. com
pared with 2S,291 bales last year and So oO57
year before last. Southern mill ia akfucs
were 1e,0No bales against I5.0G0 bales for
a like period in 1909 and 5000 bales i'm IgOS
he total brought into sight thus far for.
the season of SJ3 days was 10.S3i, ,lJS bales
compared with 13614.61 bales for a period
OF ~ DAYS last wear and 1l.55Ss02 in Ia1S
for S9S days. Southern mill takineS Uere
:, lS}eo oaleS. compared with . f65 COO AMI
:olocs0 for like periods of 1909 and 1908. re-
Spccuvely.
NEW PRODUCE EXCHANGE RULE