New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-03-26
TOPICS OF THE STREET.

COPPER TRADE CONDTTIONS.-Nalk
cr's copper letter SAYS. Copper IS nor
active and slightly 4rmer m tone ri, da6 :, a.
cents pound | hear that recent pu ~
l23s for 100000 pounds OF electroiNtlc 10
June and July delivery wa refused, n l
eating that producers expect to realze
higher prices three or four months hence.
American consumers are i'm tn" marx,
again. and together with foreign huNrI9
are said 10 have taken lVOi0.Wo or more
mounds of conner so far this month. The
home demand j. very urgent. As lecehllS
rs last Saturday one consumer was elldes
oring To buy three carloads oil copper ,p'
delivery before the end Of this month. Ap-
parentlv the deadlock between producers
and consumers has been broken. TWO OF
three months ago. when copper was ABOUT
half a cent higher, consumers stopped puN
ing for future delivery and through Janu-
airy and February bought only Sucu
amounts a. Were absolutely required ~
prevent a cessation Of their manufacturing
operations A. rs usual when there Is
deadlock, the consumers won. they can
now buy copper for a little more than rs"
12i2 cents for electrolytic and lake. ~,
IDENTIFY the consumers have become worried
by the extremely small stocks of copper
they are carrying. and they have satlSned
themselves that the price is unlikely to go
much. if any. lower this year.
THE PHILADELPHIA. BALTIMORE &
WASH NOTION Spevor & 60. are offer
ing at ln2 the Unsoll balance of Si.JO0np
Philadelphia. Baltimore Washington
Railroad Company first mortgage per cent
gold bonds due 1913 Holders Of Baltimore
& Potomac Railroad Company per cent
bonds who dosre - exchange the same for
the new per cent bonds at tho ahove price
will receive preference IN the subscription
The Baltimore & Potomac Railroad Com
pany main line bonds will be accepted IN
payment as of April !, 1911 At par and
interest. and the tunnel bonds will he a"-
Ccptad i'm payment a. par and interest 10
lulv /. 1911. less discount at 3 per cent
BANK CLEARINGS The total bank
cleariugs for the United states for the
week ended March %. 1911 zone day eSti-
mated. according 10 The Financial Chron-
icle." We're $2N795iS3o. which compares
with $2oj7 212.2l, week ago and s.. ST.. 3q,.-
llS for tho week ended March 26 1910 Com
pared with last year. tho total bank clear
ings nave deceased Is per cent New York
CITY reports = decrease Of l69 per cont
Boston 76 per cent. Chicago - per cent
and New Orleans g. per cent. while Phila-
delphia shows an increase OF coo per cent
and -. Louis > per cent.
DIVIDENDS DECLARED Dividends
have been t~Clared as follows. Tho Ameri-
can coal Products Company. quarterly Pa
per cent PAYABLE April I: the Continental
PAPER Bag COMPANY, regular quarterly ~
per cent on the preferred and common
PAYABLE March 70. the Honolulu Rapid
Transit and Land Company. quarterly ~
per cent on the common, payable March II 4,
tho central PENNSYLVANIA Traction Com
panv. semt-annual per cent payable
April
ATCHISONS EARNINGS INCREASE
Earnings of the Atchison. Topeka & Santa
'e for February show an increase i'm gross
OF Sia0l20 and an increase i'm net of Sl.63a
comparison being made with he same time
last year.
NEW COTTON EXCHANGE MEM
BERS.-Bruce l.. Rice and Walter ..
Hicks. Of New York. and Charles r.. Kenn-
worthy OF liverpool. Ensland. have been
elected TO membership in tho Cotton EN-
change