New-York tribune., 1911-04-09
TOPICS OF THE STREET.

COPPER TRADE CONDITIONS.--Wal
er's Copper Letter says:
Copper continues fairly active, with prices
unchanged. Lake is 12is cents and electro
lytic l2h cents a pound. The heavy vol
ume Of business in March promises to be
duplicated In April. Exports during March
proved to be quite large, and there was a
further small decrease In the foreign visi-
BILE supply. Copper wire prices have been
cut down to about l3 cents by extreme COM
petition in the trade and heavy sales have
resulted. Electrical business everywhere 10
very good. The adoption Of plans for sew
eral big hydrO-electrc development enter
prices, and the arrangement for the electri-
fcation by one company OF 40 miles OF rail-
road in England, and of other steam lines
and terminals In different parts of the
world make 1t apparent that the coming
year or two Will be a period OF steadily In
creasing copper consumption. II Is probable
that consumption will Increase even more
rapidly than production for several years
to come. and, should Industrial expansion
be resumed In this country, the worlds
metal surplus will be absorbed very quickly.
FRISCO BONDS SOLD.-Speyer & Co.
have concluded negotiations with a group
Of French banks and bankers covering the
sale of 100000. or about 35,0O0OO0 francs,
81. Louis & San Francisco Railroad Com
pany general lien ffteen-twenty-year s per
cent gold bonds. due In 1921. The bonds will
by the Banque Prvee and Messrs Bernard
e. Jarislowsky. These bonds constitute a
second French series. all I'm 800 pieces, SINH
lar to the first French series OF $4,000, ,No
already officially listed on the Parquet of
the Paris Bourse. The 100000 general lien
bonds are issuable under the mortgage for
the following purposes: For refunding notes
maturing February |, 1872, 81, ,00O, ,O00 for re-
funding equipment notes, 81, 443 coo: for addi-
tions and betterments, N557,00o
MARCH ANTHRACITE SHIPMENTS. -
Total shipments OF anthracite coal In March
were h.@@.aSf tons, an Increase of SO. T2s
tons over March. 1910 Except for 1909
when coal was being stored because OF tho
possibility OF a suspension Of mining, due
to labor troubles. the March shipments this
year are the heaviest on record. The Ie-
high Valley Railroad carried tho heaviest
tonnage. with 1.oSS.5@ tons, the Reading
1851 ,279 tons and the Erie sil s57 tons
UNITED STATES BANK CLEARINGS-
The total bank clearngs for the United
states for the week ended April y. 1911 zone
day estimated), according 10 The Finan-
cla' chronicle" were 3.ls7 sC6.66e which
compares with S1SS. as. .T6S for the week
ended April 2. 1910. Compared with last
year. the total hank clearings have in
creased l.9 per cent. New York CITY reports
an Increase OF IL per cent, Boston ~ % a
per cent and Chicago OF AS per cent while
New orleans shows decrease of "a per
cent ~ "' '''
APPLICATIONS TO LIsT.-Applieation
mas been made TO the New York stock Ex
change to list New York Dock Comnany
S.oc.op hrst mortgage per cent bonds due
i9oi Miami Copper COMPANY n 7II is0 can
itai stock; New Orleans Terminal Comnanv.
sio.WoWO first mortgage 4 per cent bonds
."r .s s, isSS' ' ana western Electric COMPANY
bonds due 1922. ''' N''
The MISREPRESENTATION Bank moved