New-York tribune., 1911-09-21
TOPICS OF THE STREET.

FOREIGN TRADING. 80 Foreign houses
dealt In upward OF 25,00o shares IN the i%oCdl %
stock market, purchases ana sa.eS 1. hy,ins vir,S
about equally divided. The heaviest uuS4h9
was I'm Amalgamated Copper
DIVIDENDS DECLARED. - DivideIncdis
have been declared as follows, 1hS
cago. Memphis g. Gulf Railroad lht!dL
per cent on the common. and quarteTly
II. per cent on the preferred; the Dominion
Gas company, regular quarterly per cent
payable October 2; the Otis Elevator ON
pany, regular quarterly Ia per cent le,, Oh ~
preferred and l per cent on the 'co@LhtLlOL. @
payable October l6; the Electric storage
battery Company regular quarterly Per
cent on the common and preferred, pdyaOLS
Missouri 1 per cent. payable Octooer .
the Philadelphia Company regular quaI
terly ~ per cent on the common, psydDle
November !; the Richard Borden Manu-
tarl,- Iib per cent payable October :. the
Washington Virginia Railway. lia per cent
on the common and preferred payaole
November /: the American Gas and Elec-
trio C'ompany regular quarterly " per
cent on the common and preferred Ius
common PAYABLE october z, ana the PLV-
ferred November /; the NiasSrSs e. ,ays SIys
able October l6: the Carolina Power ana
Light Company, regular quarterly ~ per
cent on the preferred, paydote OCIOueL
the Kansas city southern ha,,H a. 5eS ~.
quarterly per cent on the preferred Pdy
able October l6; the New YORK trust CoiI-
many. regular quarterly per cent. payable
September 80: the Metropolitan Trust COM
many quarterly per cent: the Reading
COMPANY. regular seml-annual 2 per cent
on the second preferred. payable NoVem-
Der 10
COPPER MARKET WEAK.-The copper
market continues TO be influenced py me
disturbances and halt In business abroad.
According to one producer the demand Tor
cOpper for Germany and other European
countries Is smaller than # has been IN
years. II there is no improvement IN the
demand during the remainder Of the month
there NAV be an Increase In surplus stocks
u this country Of 10000 900 pounds or more
Copper now being shipped abroad was pllr-
chased before the Moroccan situation be-
came acute Therefore, next month is eX-
pected to show a sharp falling off In eX-
ports compared with the current month;
There is little demand for the metal and
eleCtrolytic Is obtalnable az low rs ia
cents a pound.
DETROIT SOUTHERN BONDS. - The
committee consisting OF J. y. Wallace,
William 4. Read and Z. II. Ecker formed
for tho protection Of the OHIO southern
Division first mortgage gold bonds Of the
Detroit Southern Railroad Company. has
decided 10 accept further deposits OF the
bonds up to and including September 80
upon payment 70 the depositary, the Cen
tral Trust CO. OF New York, an assess
ment Of I per cent.
NEW YORK AIR BRAKE DIVIDEND.
No action was taken on the dividend or
the New York Air Brake Company yester-
day An officer and director of the COM
pany stated that the company had secured
good orders during the last month. In that
period orders for brakes for seven thousand
cars were secured.
UTAH AND NEVADA CONSOLIDATED
PRODUCTION.-The gross production Of
copper Of the Utah Copper Company IN
August was 90l0,659 pounds, against 1850 iOl
pounds In July. 7.90S6S5 pounds IN June and
f.4i00Sj pounds In August 1910 The gross
Copper Company IN August was 6,249.5li
hounds, against 525s,5S2 pounds I'm July.
5, SO7 400 pounds in June, 5,2U,S55 pounds i'm
May and 6,Oj2,62l pounds in August 1910.
UNITED BOX BOARD AND PAPER --
II has been decided by the committee act
ing for the protection Of the holders OF the
general mortgage per cent gold bonds and
the collateral trust per cent gold bonds
Of the United Box Board and Paper Com
panv 20 extend the time limit for the de-
post OF bonds until October Is.