The herald., 1898-03-19
OFFICE OF THE HERALD,
Los Angeles, March IS, 1893,
'F'lattery II like false money: 1t impov-
orishes those who receive It," ltA

A@11 @HAa0 0Se~@s ~+~esA SiA Aos 4oVos
"Flattery IL like false money: 1t impov-
erlshes those who receive It,"
The advance In copper since the Begin
ming OF the Year has been very marked,
and at the present outlook the advance
appears TO be statistically sound. The
strength Of the market has come from
Nurope, where consumption ID in excess Of
arrivals. causing material reduction Of
the visible supply on hand. The advance
in the price Of copper in New York has de-
veIoped since February LIST. when the price
Of lake ingots in that city was II cents.
The liberal export call added to a fair local
consumption has forced the market fully
cent per pound higher, although large
contracts were made by the producing
companies whom the market struck In
cents. Large sales Of copper by leading
producers were reported last week, the
amount being placed at. several million
pounds. The stock Of copper in this coun-
try at the beginning Of the year 10 not ac-
curately known, but the fact that produce
ing companies are now well sold up and
that many will not take bids for prompt or
future delivery would intimate that these
stocks are not regarded as heavy. Tho
consumption Of copper the world over
= large, and 1t seems evident. says Brad
streets. that the present advance IL based
on something more than mere speculation.
An EnslishN syndicate is said to have OBJ
tained an option on all the sardine pack
ting factories In Maine, at figure repre-
senting nearly N,6oo.ooo.
A letter written by Mr.. Andrew Carnegie
to the Cleveland Iron Trade Review, point
ing out the advantages possessed by New
York as z great shipbuilding center, has
attracted considerable attention. Mr.. Car
negie expresses himself 10 satisfied that
the United States can readily regain the
supremacy in shipbuilding that 1t had
when wooden ships were IN vogue, and
gives the low price of steel in this country.
as compared with Europe. as principal
reason for this belief. Cheap transporta-
ton for shipbuilding material from the
interior Of this country and the advantages
which q shipyard at a great port like New
York would have in the matter Of obtain
ing repair work are additional reasons ad-
vanced. He makes q suggestion that some
one OF the successful lake building con-
Germs might probably consider the estab-
ushment Of q branch yard near New York.
and does not hesitate to say that the
branch would soon grow to exceed the
capacity of the original or parent works,
give a much higher return upon the capital
SAvCosC0 0u0 A0Ai00H 40 OIl6ludtOk A6kAlOuos
The fguressDf the foreign trade Of Spain
Tor last year. says the Pail Mall Gazette,
show an increase in both imports and ex-
preceding years, and in exports. at least.
1S97 did remarkably well. The value Of the
latter amounted to nearly s26 ,Ooo. 900 pese-
iss ss s 90 n isss as1ss 81 'a TIN IL
record year. and 7sl ,2o0, 900 in 1857. Imports
reached total Of 7ss. .sss ,ooo pssetas, which
compares with nearly ?ls ,ooo; ;ooo IN the pre-
1891 (which holds the record In this direc-
tion), S97 900 in 1880 and III 800 900 in 1887.
These totals scarcely bear out the assump-
tion that the general volume Of trade is
and exports for 1897 Is under that Of the
three years 1sS9-91, inclusive. But at least
there has been an improvement in the ten
IN appraising the present condition that
the insurrectionary troubles In the Philip
pines. and especially in Cuba. the ever
ence directly and Indirectly on the trade
Of the mother country.
Bottles are now being made Of paper un-
der a German patent. They are for use
particularly on shipboard. where heavy
weather works havoc among glass recep-
tacles.
O o O
A Portland paper says: 1.-THE rapidly
increasing commerce between the Column
bia river and the Orient has called into
service three additional large steamers.
The first to arrive will be the Mount Tabor,
now en- route from Japan to San Francisco,
with cargo of sulphur, and after DIS
charging this she will come to the Colum-
bia for cargo Of fiour: About April Is.
the Mount Tabor will be followed by q
second steamship which will take full
cargo from Portland. The third steamer
is the Taifu, which IL coming from vladi-
vostock to the Pacific Export Lumber COM
pany. April will be a heavy month in ship
ping circles. Negotiations are pending for
several other steamers to head on the tom
mage now being lost to the Oregon ports for
the lack OF a sufficient number Of vessels"
O o o
Commenting on the rumor that a Japan
ese loan Of $50 900 yens will be raised in
the United States through ex-Minister Dun,
the London Globe says 1t may be regarded
as certain that when the loan Is definitely
decided upon It will be f1oated In Europe.
o o o
An interesting interview with John A.
Mccall, president of the New York Life
Insurance company, will be found In an
other column OF this issue.
Dividend Notes