New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-09-22
TOPICS OF THE STREET.

FOREIGN TRADING. London sold up
ward of 1000 shares in the local stoch
market on arbitrage account. The heaVleSt
operations were in the United States steer
issues.
COPPER TRADE CONDITIoNs.-Ihe
National Conduit and Cable Company In
it's monthly circular says: at the present
time the copper situation is attracting spe-
cIal interest particularly since ~ Is seen
that as domestic stocks have decreaseu
the market price Of the metal mas aIsO ne ne,
clned During the last three M ..,.,,n,,
limited States stocks OF copper ~ primal
hands have been reduced 32,554 al pouhds,
but in spite of that seemingly fortunate
circumstance, from the seller POM, o VI
view, the market developed l0Wer pId.rt
and a decidedly weaker tone. IL ls eVloeHt
that the market Is not moving SIDE oy sue
with statistics. II that were the case COP
per ought 10 be bringing hgher nsuse
There are, however, otner lIIlpoIIant To-
tors playing their part in keeping tne cgP-
DER market in a depressed condition. IN
creased production and the rapid expaIsion H
of concentrating and smelling cApaclIIy n irr,
nroyed a severe blow TO confidence IN COP
nAr prices The intelligent manutactuIer
cannot be stampeded into buying copper vi,
the mere showing OF statlSucs lSi IT. IT, q
single month. That day mas passeu; ,atS
steady and persistent development OF DOtn
new and old mining properties mas sWelleu
the volume OF output 10 such enormous
dimensions that every well lnIoruleu ouS -
of copper knows absolutey VIA ~ IN
meet AS one after another OF the IN
nortant properties increase the devices loL
adding TO output the manulaCIuIes,, y ~
cares FOR the most elementary Ie4u I
of good business management Woulu no
.LtnI ~ becorninR an aggressive ouyer OF
cnnner until more normal conditions are
established"
DIVIDENDS DECLARED. 800 DlHdenios
have heen declared as follows: Inc CuioIi,
Typewriter Company, regular setila "a 4
315 per cent on the hrst p teLee unavabIa
septenber 80: the Equitable Trust 1CHL.
pany regular quarterly per CemS ~ TLoE,ir.
September 30: the Chicago Rallway Equ ~
ment Company, regular quartse.L,H Setrvjce
cent, payable October 2; the cities eerN VIC,
Company, regular monthly n OF per cen ~
on the preferred and a OF ! per zen, ~ ~
the common, payable OctooeT - ,,iarterlv
q OF ! per cent on the common, pa J.
October /; the United States Flnls ms. e,s3
Company. regular quarterly "a per cent "
, ,1o - navabIe October ?; the Nassau Ma
tionsI Bank, quarterly 2l7 per cent, payaoit .
october 2; the seabcard National SSSH ta,
regular quarterly per cent PayCasDie
her .: The National Bank Of Commerce
regular quarterly per cent payaole wv
Der q
DIES MONIES g. sOUTHERN.-The Des
NIoines e Southern Railway will issue
$4,000 receivers certincates, 70 laae ~
s;6S016 receivers certificates issued las'
March and spend $4,000 for improvements
including $4,000 on extensions from AnAs en-,
TO connection with ROCK lslan' ~
Noines.
ILLINOIS STEEL BoNDs;-J. F. Nor
- e - announce that they are pre-
cared 70 deliver dehnitiye. bonds n u Elk
Change for their trust receipts for lllinoiis LUNGS
Steel Company ~ per cent deoen i| foc o9f
AT their ONCE, properly Endorsed