New-York tribune., 1910-09-18
TOPICS OF THE STREET.

COPPER TRADE CONDITIONs-W. ak ak
er's Copper Circular says: me preSIueI.
of a large copper producing conlpany, VIZ w
is in a position TO Judge the situation aG-
curatelv SAYS: Il do not believe there VII
be another month like August this year
The very heavy increase IN produclloIl rep =,
resented a cleaning up by the ref1IlerleS OF
the July accumulation OF cdtilodeS' ail-
therefore reflected more than the acIda
volume OF new copper coming rom r,,,,nE In5
mines The production VIII De rluC.
smaller during the remaining months o4
the year and consumption SnOuLd De AiStLIL-
tanned resulting in a steadily decreetSIHs
surplus which will be shown by the Pro
ducers' Association and foreign visible sup
ply figures Further Improvement IN me
STATISTICAL position of the metal cannot Kan
TO stimulate heavier buying by consurrllhs
interests, both here and abroad Consuin. .
ers are carrying no stocks OF copper a. d.
present but will fill their bins When tley
feel sure the time has come Tor an ad-
vance in prices. This will tend 20 cream up
the surplus held by the selling agencies
and a few producing companies, ana Will
surely lead 20 a considerable advance IN
prices | am satisfied that Consumption =
now exceeding production ana mat LIE tS
has been the condition Tor SeEerd! HlOutIlS
past The curtailInent- or production pJ d
number of leading producers was nor do-
solutely essential TO the staDlilty OF Il tne IN
dustrv but II will greatly benefit producers
by Fastening the recovery from uilSdtlS-
factory statistical conditions Nltnln SIX SIX
months at the longest the meta 81 ,I y
should be all right again, and prices ShouIu
he showing an advancing tendency, eEeit,
with all the mines producing 10 their Iqil i
capacity. AS compared 10 otner coldllir9I1I iIC,
ties with which il comes into competition,
copper is worth 10 cents pound NclhIliS
but general business CALAMITY aia pan an
can prevent the metal from du'aIi04-47
gradually 10 this price.
DIVIDENDS DECLARED. = Dividends
have been declared as follows: me me DlsoII- r
ling Company of America regular qua
teriy l per cent on the preIerred; pa f1 aoIo
October %: the Distillers SecurltleS COi
noratfon regular quarterly one-haf OF !
per cent: payable October 81; the NldsAs q
Falls Power COMPANY regular quaT,eTiy g.
pavabIe October Is; the Southern RallWaS :,
Mobile &, Ohio stock trust certlncateS, per
cent payable October I; the hnickerDocAegs
Ice Comany Of Chicago Hrahe1
Z the Terra Haute, Indianapolis & Eastern
Traction Company, initial quarterly IA PEI
cent on the preferred. payable OctoOer !.
and the chatham National Bank, quarterly
4 per cent. payable OCTOBER /
BANK CLEARINGS-Th total bank
cIearrngs for the United States tor the
week ended September Il, 1910 zone DAY
ChrDnicle." were 81, $50. .742. .66., which com
paras with S2120. .604 725 a week ago, ana
s.. .53t- 9s4, SIS for the week ending SeptenoeT
1S 1893. Compared with last year, the totai
hank ctearfngs lave decreased 21-3 per cent.
New York City reports a decrease or -
per cent Boston of 11.9 per cent and Chi
cago of 2.8 per cent while Baltimore shows
an increase of IFS per cent
AM MERICAN TELEGRAPH TYPE
American Telegraph Type
writer Company. which is offering stock 10
the public, announces that Its machines are
to be placed with the United States govern
ment the New York Central Railroad, the
Pennsylvania Lines the Delaware, Lacka-
wanna & Western Railroad, the Long
Island Railroad the MCAdOo Tunnel Sys-
tenn the Texas Company. the Interurban
Telegraph News Company OF Philadelphia
and the New York City News Association
HOMESTAKE MINING.-The Homestake
Nf{D ended
NAV z total income OF 81. 521 .234. a de
creas>e of 81 2444 420, and q deficit after divl-
dends OF S195 641, against a surplus IN the
preceding year OF s233.471-
MONEY. FOR NEW ORLEANS.-The
sub Treasury transferred 800 900 10 New
Orleans yesterday for the account of local
banks
APPLICATION TO IIST-The Texas
Company has applied to the Stock Esx-
change II list S2T~000, 600 capital stock