New-York tribune., 1908-04-11
TOPICS OF THE STREET.

FOREIGN TRADING.-Forelgn houses sol.
about 5000 shares on balance in this market ~
purchases being chiefly Of Erie American stock,
in London had a declining tendency during ms.
of the session. but closed firm The general mar
ket was Inactive and heavy There was caangs
in conSols.
REFINED SUGARS AGAIN ADVANCED -T,.
American Sugar Refining Company the National
Sugar Refining Company and Arbuckle Brothers
yesterday advanced their list prices for rannat
sugars ten points TO SO cents a pound nsr les
l per cent for cash, for fine granUlated
TO CLOSE ON GOOD FRIDAY-It was deeto.,
yesterday to observe Good Friday a holiday
on the Produce Exchange As the bylaws prohibf-
the closing OF the exchange successive d.v.
not legal holidays. business Will be transacted an
Saturday The other local exchanges are 70 h.
closed both days.
MOVEMENT OF CURRENCY.-The rspo-,a.
movements OF currency this week indicate a ea11
in cash held by the banks OF A7S6.9eo. OF vI--5
received from the interior S $50 900 and sent 10 Nv
interior s.. 1900 including 81 $1,000 national bs-t
notes sent to Washington for redemption. Tns
gain from the interior was S1s16.0l0.
TO RESUME COTTON EXCHANGE BUL-
LETIN--Superintendent King Of the New York
Cotton Exchange announces that tie weeAly
weather crop bulletin will Be resumed for N.
season on Tuesday. April H.
COPPER Quotations LOWERED.-The New
York Metal Exchange has reduced its bid and asked
quitatons for all grades Of copper sc pound. lake
1850 10 12ec and casting. 1850 To 1212c-
GRAIN EXPORTS FOR THE WEEK-"Brad-
streets reports the exports of grain for the week
figures in cushels. as follows: Wheat. -four in
cluded. 2.451099. against 2.911364 last week, 1851
los in this week last year and 012 in 1902 for
the fiscal year to date. 171.9)L516. compared win
135.sS3.156 in 1s06'07 and 201.S5o.1S3 in 190102:
corn. 54514, cotrasted with 596.S27 last week ard
1.+7j719 in 1907; for the fiscal year 10 date. A.
s51,I2o. against 56.06057s in 1906-'o7.
ENTIRE NOTE ISSUE SOLD.-Redmond & Co
and Lee, Hisginson & Co announce that they have
sold the entire Sz,500 600 per cent secured notes
OF the North American Company which they jointly
purchased from the company
STOCK EXCHANGE RI-LING-The Stock Ex
change announces that al transactions N Utah
Copper Company warrants OF subscription for ten
year per cent convertible bonds until further
notice will be in the full paid warrants
CONDITION OF TRADE.-'Dun's Review sa-s-
Commercial conditions shcw little alteration rra
gaiEs of the first quarter being maintained br fur
ther progress extremely slow The weather has
favored retail trade in ssasonable wearing apparel
most points and the outlook for future business
IS brighter because o. the almost unanimous re-
ports OF satisfactory crop prospects One result Of
this good agricultural news was the lowest prices
OF the season for both wheat and cotton Manu-
featuring returns are conflicting. several mills and
factories resurnfng. while some others curtaed
operations. and the rate o. iron production ar
the opening OF April was smaller than on March
70 the extent OF 1000 tons weekly. Textile and
footwear factories throughout New England pro-
coed cautiously because Of the small orders that
are being placed tor future delivery. all dealers
confning purchases 10 immediate requirements
Transportation conditions improving. the num-
Der OF idle freight having decreased 50001 Or
about one-seveCth, compared with the point OF
were l4.3 per cent less than in 1901 Foreign CON-
u1erce at this port for the last week showed de-
creSseS OF S5S456S in exports and S 0S1.744 IN
ports compared with the movement a year ago
These continuous reports Of more favorable inter
national balances merchandise account nave
prevented geld exports despite the position OF
ling exchange at New York and Paris. bur IL is
probable that shipments viii begin unless
more government deposits are withdrawn from the
banks Prices OF finished steel products are being
maintained. but business comes forward vsrs
slowly, except in the lighter FORMS
"Bradstreet's' says:
Though irregular the weeks deveIopnen-s havs
been the direction of Improvement The ap-
pro1ch Of Easter has stimulated retail trade IN
lines and sections. with a sympathetic effect
some Jobbins business and a slight gain in col
lections. The reports in this respect are. howeva
conflicting. according different centres are
amined Tie southwest and Northwest send the
best reports. while southern advices are little more
satisfactory q whole Crop and weather condi-
tions mainly favorable. . normal spring season
Is apparently being experienced. and the wheat
crop has through the winter practically Uniu-
paired IN condition, allowance being made Tor the
area usually abandoned because Of weather
dltions- FaH trade reports rot any more salts
factory There ~ little new III the iron and steel
Industry. Seasonabls goods such wire. nails and
tinplateS are in demand, but the heavier makes
no mOie active, and while reports Of sctusi OF in
pending cuts in steel prices denied. PIC iron 10
easier North ana South.