New-York tribune., 1911-01-06
TOPICS OF THE STREET

FOREIGN TRADING.-Foreign houses
again sold stocks in the local market, put.
ting out upward OF 1000 shares on bal
saes The heaviest transactions we're In
tRitsd States Steel
,.BoND MARKET oUTLooK.-spencer
Task g. Co.'S January bulletin says. in
rsrt: In the present year the outlook is
that We shall see a better bond market,
Is .uaqc is unquesuonaoly slowing down,
Sa1 with less activity in the industrial
NoT.o money should gradually accumulate
Esvertheless, the situation neeos delicate
handling, because, If the moment a better
ieeiEg manitests itself. all kinds Of new
issues are thrown on the market, we are
key 70 see repetition Of what happened
sst March. At that time bonds were be-
ing gradually absorbed in considerable
Quantities. Evidently 10 take advantage o.
NE situation, ana possibly 70 fcrestall less
'sVorabls conditions, railroad and indus
ina! corporations FASTENED 10 market their
Issues, with the result that nearly $780,
W@0 Of new bonds were thrust upon the
market alone in the one month ot March.
As could easily have been foreseen, this
proved too much Of q. burden, and from
then on until August prices weakened,
With hardly any recovery worth mention
Ing. Now that a nascent demand is dis
tinctly felt, We hope that q similar occur
renee may not again disturb the gradual
Improvement. II due consideration is eX-
ssTrc!sed in this regard. i IS our opinion
that bonds will be sought by institutions
and investors. ana that gradually new is.
sues VIII be placed on advantageous
te.ms'
FEWER FAILURES. LARGER LA
ures reported 10 Bradsueets for the
calsn4sr year 1870 a decrease OF 22 per
SsT from 1879. which in turn showed a
pared with 1901 there vas an Increase
SHOWN or q per cent, ana compared with
isS, the year Of lowest business mortality
IN a quarter Of century, the increase
IN number, however liabilities increased,
the total for 1910. SSs3s9,0 600 being "a per
.tnt larger than IN 1909, but &c per cent
less than IN ,oh8 and slightly less than
GREAT NORTHERN ORE-The United
states Steel Corporation within the next
Geek or two viii pay 70 the Great Northern
ore properties s2S65,000 in royalties on the
OF basis Of 81 65 a ton for ore shpped in
lHi With the base price increasing at the
rare or 4-lO cents a ton each succeeding
year The minimum to be mined and
sLpped In 1907, according to the lease was
iaCD tons with an increase Of 750, 900 tons
year until IL reaches S,2j0,0o0 tons There
siter the annual minimum continues on
hat basis
PANi.-At request Of certain security hold
ets the following have constituted them
selves a committee 10 look into the finances
q the Southern Iron and Steel Company:
gavin 9. Merrill, president Of the Union
IEust Company, chairman; Harry Bror-
hsI, OF Hallgarten & Co.; Moritz Rosenthal,
q Ladenourg, Thalmann & Co; Robert 3.
san Cor-landt and Cecil A. Grenfell, Lon
coz: At some later date all classes OF Sc
c4flty holders may be asked TO communi-
ote with the committee
COPPER PRICES.-Outside Of one or
sss.e OF the large selling. agencies, copper is
psng sold below the official quotation OF Is
,shls a pound for electrolyLc. The quo
tauon Of the smaller dealers for thirty-day
ooss.:;yery is l25s4l2z4 cents pound. A sale
81 !yNoo pounds for export has been made
~ H@ cents
Sales Of copper show a slight increase
~, transactions are not large enough 10
t'e definite trend 70 the market.
,,ANNuAL COFFEE EXCHANGE MEET
h1elange was held Yesterday. The re-
SYt o the president dwelt upon the large
,.sheSs Of the last year, with the general
" satisfactory state Of affairs Of the eX-
s.asee. The report Of the treasurer showed
",S! assets over liabilities OF S2OSis.
,rPACIFIc COAST POWER COMPANY
cbe directors Of the Pacific Coast Power
.oInpany have declared the regular semi
.ytra dividend Of G Gone--half Of / per cent on
w common stock They also have de.
Srsd ne regular semi-annual DIVIDEND OF
psf cent on the preferred.
oDCtS SDC II ~ - LAe-N .,sa co,,
,tS-ons With requests for BIDS on thS CGIliioo
s~ucuon Of 500 refrigerator cars ana ~
cHmture cars have been sent out by tne
:. Louis Southwestern Railway.
ahEGJLAR RUBBER DIVIDENDS.-- Inc
yfsctorS Of the United states RUBBER Con-
ssSsE nave declared the regular luarteIiSS
,sNoend Of per cent on the first preferred
f.ek and ~ per cent on the second pre-
isd, payable January 81
,g0LD COIN FOR HAYTI.-There was
NHrdWn from the Sub-TreasuTy yester-
H& o00 gold coin for Hayti
fCC0RN EXCHANGE BANKS STRONG
tSNllTE O%.-The Corn Exchange F&nh
.yyrs IT. condition as Of January =, ~
go. surplus. s. .3es, ,76e The hank new
TsNeniy-siX branches throughout gieateI
Gw erk, 3, one Of the latest additions peihs
w Si the new Pennsylvania stau)n.