New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-05-04
TOPICS OF THE STREET

FcREIGN TRADTNG.-Foreig houses
were heavy buyers in the local stock mar
te-- taking upward Of 53foe shares on bal
sace The purchases OF United States
s7esl commca supplied e large part Of the
business.
APRIL CLEARTNGS bank clear
tn@s make q ssoaae% hat less favorable com
psr.so1 than IL recent months, due mainly
& smaller exchanges Ct New York City
sn6 ohe or two other leading centres, the
ynOs1 important OF which is Boston The
EG-k IS satisfactory, being far above that
q any preceding year. and refectlng active
b-slness in every section Of the COUNTY,.
Total bank exchanges at all cities IN the
Tnited States. according TO the statement
Issued BY r. c. Dun & Co, which lnc!Qoes
If leading centres, amount 70 9-1-5J3-50.
la5t yesr and OF 70 per cent compared
-1ch the corresponding month II 1895 At
New York Csty there is some loss, elesE-
llgs fer the month this year SggregetlllS
o-ly S. 81 6S2Tz1 { decrease Of 81 per cent
compared with last YEAR and OF "a per
oaRc compared with 1905. This unfevcrab BE
trelv BY much smaller stock market op-
erzrions business On the exchange Tor
lie major part Of the month reaca1ng oI!y
tLslg--1cant proporLon Nearly al Cues
p he New England States make more or
lass gain, Boston being the only important
g2at reporting loss wsie Is Pre- PCo0S r. gsa
cattor industry. Active business at many
q the cities in the Middle Atlantic States
= GhGNH " Ire G5-SS ILL.,
Changes al many OF The more important
4.asrrs IN cozrparlson with both years. The
south Atlantic States continue 70 make
satisfactory returns N The Mtdole south,
s5rholle,h Small losses are reported 81 sew
cal points, the general situation IS quite
satisfactory. most OF the large cues re
fnern The figures approach new records.
- The Middle West prosperous conoluons
generally prevail. resulting in q large To4-
me OF exchanges az nearly every leaoang
rs,tre N the Far West large increases
re general compared with both years
On re Pacific Coast exchanges are heavy
COPPER MARKET.--Inquir.es for COP
re- are heavier, but deadlock exists. due
n - refusal Of TIE large agencies to sell
targe amounts OF the metal on tasis O.
- cents q pound. Many OF the targeSt
nee The first Of the year and are an need
Z copper. They claim that concessions On
he part Of producers WOULD result IN
LrcloUnced buying movement oroGlC tne
t,roEt3cers accsp- orders on a c2slS OF 4zte
-e-rs 2 rollr6 y IS estimated that q buy
- r-ozeraerr would set in which would
,ske from the market between 56.reooCo
er6 100000 pounds OF copper. Although
We COpper Producers Association ngures
~ APRIL are expected 10 eeow an IN, m
1reaSe in stocks, producers express conn
5ence that the current month "ll reveal q
1savy shrtnksge.
PIG IRON PRIcES.-The Bessemer. pig
ron average for April IS announce Al
81 S7l5 II valley furnaces against 81 5e II
Vg-ch, z decline OF 20 cents. This aver
sfs IS conapilee monthly from actual sales,
-5f Ege ere sent ouotable market IS 81. The
Ffgb point was sl9 in November, December
nd January, while gaSt years low point
-zs ssz IS IN May. The basic average toT
ar1rll Is announced al SIS 81 al valley FUR
usOes against sI5 IN March, q decline OF
cents The present market IS eUctaole
= 1915 Furnaces assert that presenl
r-sces are down % cost, and since they
cannot sell iron are blowing out IN prefer
erce 70 accommodating additional stocks
COTTON OIL DIvIDEND.-The direc-
tcre az he American Cotton on Company
have declared a selni-anlual diTloena OF
~ per cent on the common stock. In No
vernner 1853. an annual divloeno or . pe1
cent was declared, against per cent n
500 The directors also have declared the
regslar .sernt-sflglual dividend Of per cent
on the preferred stock. American Cotton
Oil conafnoz was one Of the strongest feat
gres n Yesterdays stock market, adva1ac-
irg more than points
MONEY FOR 'ERISCO.-The Sub-Treas
1yy transferred Sz5G,0e5 yesterday 70 Sar
Francisco for the account OF local banks
making s. 80 .ooe On the current movement
A mis- tine Of the year between Sz,0te,.
80 and s5.enaoQe usually IS sent 10 the Pa
c.He Coast.
BROKER CHANGES PLACE-Wiliian
Jav Leonard formerly with Van Beuren
Martin &, Jesup, has become associater
with the bond department Of Curtis &
Espge.
FOURTH NATIONAL BANK.-Erneg
u Davenport has been elected an assist
ri cashier Of the Fourth National Bank.