The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-06-05
TfVlveftE ave- esswsAeI4L.


NnNuAy IuhH
Wshsut tGy Aawss announcement dsgina
me dsy n f~agtieulaf Nterisat ~ ~isho'F
Developments n any tiHst tssfiaa Hrnu
~ fHaNeial SifuafloH savs fhrss ssnsfsnv
feistiaa ~ ika ruffaHi bfast@fitv ~ ~
egrfNtsT tHgs fhsf hsve fseH ~ hing IN Svb
iensH igaNaarfiHHs IN sirrHs Nv dtv ftsH
~ tGiifis fhaif lsff HeHH hHiiv ffefBfs
smi ngiaas asiy sHret FHb NJ hifs ritIf
Il wff 10 stat ina rlfuWiaa.lH hHf
uualHen Nv tFF HStffet efs ffHi me- fbis
~ ~ ausafw itsi 49, iffiiua sgs sUll
~ sffirfiv rfHfsssinNai W - hss ifsn ~
FesEs rasi sud fhfi tlthuush NO mafarf
undoubtedly hgr4IisHetf thr btfire mfsiif
concentrated upon r. fee a'w'ea sifrh 80
tfvs tAen ~ ittH fnbirrta N mHtl mHuiftit
'Nn. fWf ihHf tfr iemienpv y nar mHfhri
80 urwtNi borrower 1fiflu.'int Ft#
utaiN M foreign waftuts ssfr ~ fiIert
Wv dtv fot thr Whirpri4v h1iHitv f"i
rsitrs hsfF fhsrNtNfr %isfi,rt nn iturri.T
Hpvart ff,uf INV r%ttsfipf iHhrrnu' Nv
sriir ihe enlargement = htiaiNs aa ~" mtf
vi FHI 1ui~' ilr W ~ an,si ftf' ~ 'hr dnv
Hu' iu ihcE rstiitf af"ita thor So ro
feariinnrrv movement ari the tdytnr'
cont or NJ = ftifiv constant rsrr tnrt
pficrt zero y hiiis hui Nu' murh irtre
Nc lesf. phd he' rtira - p,rt u fuini NJ
Wany s'rrhs rrre nmrp fhr ~ Paul
a,fnnor colorado Fuel nnd Iron Afn~firan
1moiunr ami Refining hfpohlvn ttarid
ttaraii Heading and 7 ni"n Pacific s'o~ka
scfe the most active. anil for the advance
mnds hv many ~ iheqr ~ detailed ~.
plantation IL n~rdct ntoohlvn Rapid Tran.
~ VIZ. heit-~,i Nv Tho large irnnic yestet.
Ia. .Asas NIa ....UvH. Ia9.a Ia "a
PAU Tho imt-lline fntcr vas huving IN
anticipation ~ tho s~uhscrirtior rights ~
fhr now stock 'hD' ~ - confidently pc.
ter'rd will sooa 10 Declared hv tho director
~ tho company Amalgnmaiet Copper
stock was relatively backward IN tho mar.
ko' cau.n for which Appeared 10 10 tho
restrained showing made hv the company
m it, annual report to-day published. On
it, face the report appeared 10 show that
the net earnings Of the company we're only
slightly more than the dividends declared;
hut there II of course not the slightest
doubt that the Cumpany's earnings wore
really grcatlv in excess 81 the ann stated
and that the reason whv they werr not fully
disclosed il that "a tho Amalga mated Cop.
per Company Is q holding rompan ita
profits are only such as are transferred
"a u hv lls subordinate organizations
Tho treasures of those organizations. II
they could 10 inspected would how thu
Amalgsmated C%ompany's real financial
position.
The general basis for thu rt.a in the stoc'i
market today MAS doubtless recognition
Of the fact that throughout last weak tho
market although very dull betrayed an un-
rnistaksble trend upward Of thu kind known
IA a creeping advance. The two main
factors in The market at prrs'r' are and
will he for some monthstoc1ne tn, amolnt
of money available for Wall Streets USE
and the state Of the country's crops. Both
Of these seem to stand Just now in an eN-
tremely favorable light. Although It is
admitted that the money situation may be-
come more stringent toward the end of thu
year, II is for the time being eisy. with
every prospect of increasing else owing to
the return Of money from the Pacific Coast
These self easy conditions were. pre-
sumably. responsible to-day for a shlrp ad-
vance in sterling exchange. but fuctultions
in the sterling market are for III ii ne being
merely of academic interest so far as Wall
Street is concerned. Tn, winter wheat crop
is still progressing finely and the Govern
ment agricultural bureaus first cotton
report of the year published to-dly was
such az to afford large promise Of tha crop
yield, The increase in cotton acreage was
put at go per cent, this indicating a tot Il
area planted to cotton Of rs, $3.50, 900 acre.;
while the condition Of the crop was est
mated at si,e, as against a ten year average !
of $40. As the largest area ever planted to
cotton in the country was 81 100, 900 acre,
and the crop raised in that year unde the
maintenance of practically unbroken.idell
conditions was 10 100. 900 bales, a ma ,rnum
crop Of between II 900, 900 and IL uy1,n1) !
bales in the present year seems about all
that is now indicated; but if even a smaller
crop than this is gathered it will, never
theless, at the prevailing price for cotton
be a boom not only to the South but to tn,
entire country.