New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-07-10
TOPICS OF THE STREET
TOPICS OF THE STREET

.-sa4G and prices are Hf&ClACz4AN
VIC is l2sa cents TO Is cents and electro
,.-,o 1875 cents 10 1875 cents a pound. Calu-
-. and Hecla is understood to be holding
- nrice st IS cents and is making sales at
80 price from day TO day. Consumers in
% country, as rule, are bare of supplies
.Tanv of them are buying cash copper in
I'll lots for immediate delivery. indicat-
. that they expect a lower level of prices
.on Some consumers. however, have
90 purchases OF copper for delivery as
- ahead as the first week in September.
-. rot in sufficient amount to cover their
- requirements. Notwithstanding the
,.-re surplus supplies now in existence a
lumber OF mining companies have been
sNe 10 sell their entire production up TO
STE and z few have disposed of their July
- August outputs The largest metals
ling company. as a result of its refusal
foscoept bids of less than Is cents for cleo
sTolvric, is believed to have upward of one
s~n5red million pounds CT copper on hand
- GugCenheim interests have met the
-re-ket and sold their production for sixty
ssys IN advance. Phelps. Dodge & Co. are
sciutaining 4 conservative policy on both
- PRODUCTION and selling ends Their out
mi has been under curtailment for nearly
wear past, and they have rot offered
--s;al prices down at any time A falling
- b the domestic consumption OF copper
sss been expected for some months past,
k---C
ooTs-Tn this expectation. The report of the
conner Producers Association for the
roarth OF June. TO issue this week. may
chow falling of in domestic deliveries,
80 mi less The decrease is great il win not
,scessarily indicate declining consump-
-iar. as there is reason for the belief that
consumers here are carrying smaller sup
-gss now than they We're a month ago"
FAILURES FOR SIX MONTHS.-Fail-
,-e returns 10 Bradstreet's for the first half
of 1910 refec: Improvement as regards the
number OF casualties when compared with
she like period of 1909 and 1908 but the num-
bs- Of failures is larger than in any year
rrevious thereto back 10 1898 The showing
6 regards liabilities differs only slightly
@-g-1 this in that the aggregate for 1910 is
i.--e~ than in the like period a wear ago
though only about half what it was in the
yesr 1895 With the exception Of the latter
-sar indeed, the liabilities this year are
The heaviest recorded since 1897. As re-
CARDS the proportion OF salvage realized, il
might be noted that tt-s percentage of as
sets II liabilities is the lowest recorded
since 1872,
WEST7N GHOJSE ELECTRIC NOTES.
Formal notice is now given that the $780,
eN Westinghouse Electric and Manufactur-
tns Company three year per cent colIat-
eral notes, due august l. VIII be paid al
the Office q TIE Mercantile Trust Company.
Of New York. on that date. Kuhn, Loeb &
Co wis took 100000 new notes 10 refund
n part the maturing issue, are offering
par Tor the new notes due August 1. 1913.
The income Of the company applicable to
fixed charges for the last fiscal year was
g. 10 aae. interest charges. 81. lSS; sinking
fund payments, S5Sl,5eo, and surplus net in
come, 3, 10000.
MOVEMENT OF COTTON. - The total
part receipts Of cotton, as indicated by
The Financial Chronicle" are as follows:
For the week ended July the total port
receipts were 21.5l bales, against 22,S79 bales
- 7E.Nsr al- mol STar- -a1
Ceip5s since September l. 1893 112S,262 baleS.
against e11. T04 bales for the same period
of ISS-'09. showing a decrease since Sep
teTl5e-. 1903, OF 1888. 442 bales. Weather con-
itions in the last week were favorable.
n parts Of Texas. especially in western
sections. rains are still needed Tempera-
-ye has been seasonable-
BANK CLEARINGS. - The total bank
clearings for the United States for the week
ended July e. 1910 one day estimated, &C
co-ding TO The Financial Chronicle were
3 So 81 So as compared with g 623. 72.9lS
for the week ended June TO- 1903. Compared
with last year the total hank clearings have
Increased Pa per cent. New 1OCk City re-
ports al increase Of per cent, Philadel-
phis OF 2s.3 per cent and Chicago Of II per
rent. while New Orleans shows a decrea Sc
n "a per cent
ADVANCE IN BAR SILVER. - London
prices OF bar silver have advanced a quar-
Ter Of a penny an ounce fine. making the
price ESD. This is the fourth addition to
rriceS in daily succession Mail advices
state that Settlement steamers to Bombay,
IL the early part Of the month, took out
large quantities from the existing supplies.
thus creating comparative scarcity for
SPOT silver in meeting speculative commit
rnenIS on early maturity Larger Up-coun-
t-y demands in India are also anticipated
on account Of the earlier monsoon rains.
which are several inches heavier than
year ago.
COTTON STATISTICS.-Rensk Lyon
& Co, members Of the New York Cotton
Exchange, No. IS Exchange Place, New
York have prepared an interesting booklet
q cotton statistics which they will be
pleased 10 send free upon request
NEW YORK CITY NATIONAL BANKS
The reports Of the national banks OF New
York City. as compiled by the New York
Clearing House. showing their condition as
cf June 90 1910, compares as follows with
tie returns on the date Of the preceding
call on March %. 1910. and the correspond
ing call Of year ago. June =, 1853:
RESOURCES.