New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-10
TOPICS OF THE STREET.
COPPER TRADE CONDITIONs.-W
er's copper letter SAYS.

COPPER TRADE CONDITIONS.-Walk
er's copper letter says:
Copper continues duh AND prices are a
shade lower. Lake is 1872 10 l5@a cents ana
elecvrolytic is 1875 10 1895 cents pound
March sales for domestic account were
smaller than they were IN either Of the
preceding two months, and exports showed
considerable failing on. Though The out
put of smclterS and refnelies was proba-
blN less the forthcoming statement OF the
copper Producers Association Is expected
tO show q further Increase ln the Nlsihle
supply IN THIS country IN March Eulobtai
consumption. however, seems 10 he m
CREASE nUTUC March there was oe-
crease az 453i.5o pounds ln the foreign
visible ~4prll. which may offset the Ameri-
can increase. General business activity in
This country has received considerable
setback. and fll~ is oegln inning 10 De renect-
ed iu a slightly reduced demand TOT cop
per ON the other hand. the big electric
companies are doing large business and
report that there IS no falling or in the
,-offr,,,ss al nov orders The anfaEouiStiC
attitude of Congress and the various state
legislature toward corporations, The POSSE
hilitE that the general dissatisfaction with
the recently enacted tariff law may result
in another readiustmeut o. the tariff this
year and the restleSsness Of organized labor
are responsible for the business reactlon-
Something r. likely 20 hapDen soon which
viii partially restore business and nnancial
confidence. however. This would increase
the buying demand for copper and soon an
SOrb tho existing surplus supplies. While
tic present outlook for the metal market
is not especially encouraging, ] am saus-
fed that the corner has been turned and
that the statistical position Of the metal
viii gradually improve.
ATLANTIC. GULF q WEST INDIES
TIE Atlantic Gulf q West lndies steam ,,e.s,,i
Company, the Mallory steamship company
the New York & cuba steamship Com
panY. tho New York & Porto Rico Steam
ship Company and subsidiary companies,
reports for the year ended December 81,
1919. gross earnings OF Sl40h.3s6 and net
profit from operations Of S-,-I3.5sS- After
Interest on bonds, interest on notes paNaole
and depreciation there was surplus OF
s. 0'9 POS. and after dividends haianCe OF
S7912 which. added TO the surplus or me
preceding year. made total surplus OF
S516fl6
GOLD ENPORTS-Go6 coin 10 the
amount OF s. $4,000 was engaged YESTERDAY
bN kidder Peabody & Co. for shipment 20
London on the MauTetania on " wednesday.
Since the beginning Of the current outward
movement Of the metal total CheaE ehlenls
have amounted 10 Sl00 o0n. making total
for the year TO date 20 all countries of Sle.-
JOB 1884, against imports in the same time OF
Ss5Sf.S45. Sterling exchange rates We're ~ IA
YESTERDAY. and an foreign banking cltcles
On was thought that further heavy engage
nenfs would be made FOR shipment by
Wednesday, steamer
BANK CLEARINGS.-Tho -otal bank
bearings Of the United States for the week
ended on ApTl O. 1910 zone day estimated
according TO The Financial Chronicle.
were S1N.12s.s7I. as compared with S2A5t,,-
Compared with last year. the total hank
rIea rings increa Sed 80 per cent. New YORK
CITY reports p decrease Of 80 per cent and
Chicago 90 - per cent, while Phiadelphia
shows an increase ~ 54.7 per cent and
baltimore 80 per cent
DIVIDENDS DECLARED - Dividends
have been declared rs follows. Reading
COMPANY. regular semi-annusl . per cent
on the second preferred. payable on Nav
20. tho C'uhan-American Sugar company.
81 per cent on the preferred. payable on
Nav .
ELECTED MEMBERS. j. Murray
Mitchell and r ToWar Bates. - this city
have been elected members ~ the New
Norl, cotton Exchange.
EARNING POWER OF RAILROADS
J. 3 IT, OIiDhanf & co. have issued their
1910 edition Of 'The Earning Power of
Railroads which contains. as usual. In
fcreStfug and valuable statistics Of The
railroads IN the United States, Mexico and
Canada.
TO INCREASE CAPITAL Chicago
report states that the National CITY Rank
Of that citv NAV increase ifs capital stock
r-,,rYl 81 10000 10 g GGo 00o
RANK or GERMANY WEEKLY RE
TT-RN.-The weekly return OF the Imperial
Rank OF Germany shows an increase Of
cash on hand OF $4,000 marks.