New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-10-17


foreign account in the local stock market
amounted TO about lo,Wg shares mostly
purchases.
COPPER PRODUCTION. - Thompson.
Towle * Co. say: Detailed figures on cop
per production for the first nine months Of
III compared with the same period in 1910
on forty-seVen Of the largest copper mines
Of the United states. Canada and Mexico
indicate that, Notwithstanding two new
PRODUCERS nave been contributing, the total
foi l9l amounts to S66.000000 pounds, COM
pared with 5i, 900 pounds in 1910 or ap-
prCXlmateIy the same production. Among
lhe properties on which computations nave
eeen made, torty-three are ia the United
states, while Canada and Mexico are each
represented by the two largest and most
important producers. The production SHOWN
lncluoes the output from the new low grade
porphyry mines, Ray Consolidated ana
Miami, which began production IN the
spring, and although their plants at present
are only one-half in operation. their com
hined output since production began IS
cutie a factor. OF the properties whicn
WI tend TO increase the production for the
ear 1917 over that Of 1910 are Ray Com
sOIdated and Miami. while, on the other
hand. several mines which shut down this
summer. and which may rot start Up this
year, are First National CRANKY and Shat
tuck Arizona. whose absence Of production
VIII be more and more felt IL the Closing
months Of this yeay. The combined normal
Pre- ducton OF these three properties for
amount 70 approximately 100000 pounds.
which viii decrease somewhat the new pro-
duction from the porphyry mines.
STEEL ORDERS.-There has been an
Improvement IN steel orders 20 far this
month compared with the corresponding
period Of September The steel Corpora
ton has been receiving business at the rate
of about $1,000 tons day, which IS about
equal % the present production Of the mills.
IL September new business averaged be-
Il and 20 The fTunrOr+l-
nent in buying Is due TO the low prices
which are being made for steel products
The railroads have been more liberal buy
crs OF euUiument. which has improved the
demand for steel plate There has been a
falling off In the tinulate branch, which
is scaSonable. The wire industry is hold
ing up well. but rail orders since the books
for 1912 delivery were opened have been
comparatively small
"GIBSON'S FINANCIAL REVIEW
Thomas Gihson's latest addition 70 current
financial literature is "GibsOns Weekly
Financial Review careful and compre-
hensive epitcme of developments and pros
poets bearing on the investment and Specu-
lative markets. Mr.. GibsOn's idea is not 20
present the ordinary statistics which are
10 be found IN the daily news reports. but
TO give the salient factors OF the situation
and to comment upon the general outlook
HARDWARE COMPANY NOTES
TAKEN BY NEW YORK BANKERS
Kuhn, Loeb & Co. nave purchased S5.p'0e)
fve-year per cent secured gold notes OF the
Associated Simmons Hardware Companies,
which control the Simmons Hardware Com
pany Of St Louis and it's allied companies,
engaged in the distribution of hardware.
These notes have been sold 70 provide
funds for funding existing obligations and
additional working capital
CONEY ISLAND & BROOKLYN RAIL
ROAD.-At the annual meeting Of the
Coney Island & Brooklyn Railroad Com
pany William \. Day and John A Thake
were elected directors 20 succeed James y.
hyde and ". r. Mcintyre. Other directors
were reelected
DIVIDENDS DECLARED - Dividends
have been declared as follows Sears. Roe
buck & Co.. regular quarterly ~ per cent
on the preferred payable November l.. the
Grand Rapids Railway Company. regular
quarterly H.. PER cent on the preferred,
payable November 1.
COTTON EXCHANGE SEAT SOLD
The New York Cotton Exchange member
ship Of Harry Allen has been sold 70
George ". Neville, for another person, for
Sl465o SD less than was obtained ar the
last preceding sale OF q seat.
GOLD FOR vENEZUELA.-Gold coin 10
the amount Of $4,000 was withdrawn from
the Sub-Treasury Yesterday Tor snlpmeni
20 Venezuela apparently for London az
count.
S7IELTING .COMPANY's NEW DIRE
TOPS[F Hilton. Frank C.. Gruding NN IL
lam r Bennett H. ". York and Frank p
Wright have been elected directors or The
Federal Mining and Smelling Company 20
succeed Joseph Clendennin, T. W Hills.
John X MacGoVan. ". 2. Merrlss ana
Judd Stewart, resigned.
ELECTED TO BANKERS TRUS L
James 6 Alexander president OF the Va
tional Bank Of Commerce, has been elected
director of the Bi1kers' Trust COMPANY.
ROCK ISLAND DIRECTORS-At the
annual meeting Of the Rock Island com.
PAM The directors were reelected.
lCE-PREsIDENT OF J. 6. WHITE &.
co -Gano Dunn president q the amer
can Institute Of Electrical Engineers. has
been elected a director ard vice president
Of J. 9. White d Co SIR Dunn was Tor
MANY Years f-yt yice-Dresident and chief
engineer of the Crocker- Nheelar CoupanE