New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-06-07
TOPICS OF The STREET.

COPPER TRADE CONDITIONS-Walksrs 81
per letter says: Copper Is quiet at about ~
weeks quotations. Lake is rs cents 70 q Gem
and eIectroIytic 12z. cents to 1Z7s cent, por-t
The demand from domestic consumers is asz.
very light Between May 10 and % American or
sumers purchased about ., coo 90 pounds Of coEv
Europe continues a good buyer and Is taking CIR
per whenever il is offered at 124k cents Rsoo-s
recent sales at 1888 cents are misleading. All tie
producing copper companies whose Representatives
have been seen this week express conAdsncs TIA,
there is TO be steady Improvement in The demand
for copper for several months TO come Tiers gs
no surplus accommodations Of copper in the hands
OF producers and consumers stocks are very snail
The American representative OF a large EunTsa1
metal agency says: I cannot be anything br
bull on copper II Is selling at very low plcs
now. and it will advance when the American or
sumers enter the market Business in this soz'fT
is very quiet at the moment, but | believe her
will be a large demand from the Amsrzr nr
surners in the near future and that the ptcs q
copper viii surely advance when this buying NV
ment starts l am surprised az the continued d.-
mand from Europe. Europe seems willing % sgy
all the copper it can get at 12s4 cents ! % nt
fear the increased production which viii son ,.
felt. I believe that the consumption vii s1pa1d
rapidly enough to take care OF it. 4 nrcA
easier to borrow money on copper now taAa Il vas
several months ago, and il IL became nscessg
producers could arrange to carry their copper lnul
there is an Improvement in the demand
MOVEMENT OF COTTON. - ''Ths Nnaaea
Chronicle gives the total port receipts o. eait'i
for the week ended June . 1913. as stsa 'as'.
against a162 bales in the preceding wees 9.e.s
the total receipts since September L sA' +sA-s
bales against 9.52O.s13 bales for the same PERIOD
1885, showing a decrease since Septen0e' W.
OF 1-623. 4SS bales. Rain has been Gulle So
through the week, with precipitation scneHlA :
excess at a number OF points west OF t1e h sIs
sippi. Elsewhere il has been light or n0c7i~s
Replanting has begun in the o"erfoWed seca"1s
Texas and except where the recent rains aa'7 '''
excessive the crop is doing Well
STOCK EXCHANGE NEWS.-The co1ln,, J, ~.
securities rules: That all TRANSACTIONS II . a
gan Co. trust receipts for chicago o DIS
& Quincy Railroad Company general Ky. 800
per cent bonds due March !. 1858, may &c ,.s,.
BY delivery of either receipts or the oonus. .,sk
the city of New York ~ per cent COZ sss.srasri
due November l. 1851, and ~ per ee .sTss br 4.
bonds, due November 1. 1871, may De SCI - Csn-
livery Of either the bonds and stock OF n
trollers receipt therefor Al I Sorpsuy
Atchison Topeka * Santa re hA-ina' ~ es1t
warrants for subscription 70 ten-Se All ps.d
convertible bonds. due 1871. must De III ''''
warrants ,s-.s
AMERICAN SUGAR COJ1PANY--Tne .-s s,ss-
of the American Sugar Refining Cohpa~r1r WIN sood
factory, but the trade IS very Q1S'. oons;ious
fruit crops which now seem assured lHe -
viii ba much bothered New business - ~ 90
ing contracted for with the joooers o on By
scale, while the present dernaiu = Tsss IS ts
the old schedule. whicn soon eNpFe-
cause in part for the duIneSs- ,I,ssd
RANK CIEARINGS total bank Gls -. one
Tire limited states for the week ended 'rI s III
day estimated) were s. SIS $50 s0S agas -. for he
in the preceding week ana
corresponding week OF ISe'- . lsarrsi
TRADERS HEAVY SHORTs--lt We" sr,ssrs 81.
,s+Srio11 tLar a number OF prominent N.sr IL
heavily short OF stocks. and that aa,srgesicaIy
terests. knowing the fact. are worNiLs rs trsts
to encompass the defeat OF the Os :. locks oecsIe
who recently after some success N So =. sbor, o.
a beavV plunger in cotton is said TO &c '-'
100 coo shares of various SECURITIES