New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-24
TOPICS or THE STREET.
TOPPER TRADE CONDITIONS.-N-a'
q copper letter SAYS.

TOPPER TRADE CONDITIONs.-Walk-
- copper letter says:
Tte copper market has been more active.
- prices arc again fractlonally lower
Jake selling 81 13ia cents and electro
lrte r. --s cents pound. Il Is under
stood that TWO or three large sales have
been C.eetad tLis week at about these
price, Foreign trading sentiment has
turned very hcarlsh, and tie persistent
cfo-n" 'u london metal market prices
,epre-arre rrc liquidation al loss Of
FTecu-l-lHe holdings. Consumers are buy
i1E ro mr-g copper than their immediate
ferlIrcrl.r-. call for, and practically al
ri the existing surplus not owned by the
Producers Us carried IA two or Three large
tnfCtle .VC accounts. Many cf The pest
informed Producing interests assert thar
ifCIe .e- been "a distinct Improvement an
=. statistical position n the metal ano
iTet consumption now slightly exceeds pro-
oeeNc. me world over. They 90 not feel
fra s.T IHz Is Sufficiently large 70
49, alarm As soon as sentiment changes
c.rT Orb cause al az The worlo s
Elat- consumers 10 come into the market
aud purchase their tUu requirements for
.1ee months il advance. the eNlsihS sur
dos W.I l.-aHUra- IN q single week. Il Is
Iefo.ie1 trlu NoW York that the copper
.-lllreTh ASSOCIATION Nltl soon dlScoh =
lI-ue Tic publication Of monthly figures OF
o.tr end deliveries. 7 have not yet con-
nrufc tfle report. but 1t d. said that Anal
temstc3 Interests are the principal OBJ
t-.o-s ~ Vas plan % publicity. ~ seems
n me that she oIsCOntiuuauCe OF these
c"r-ef-rr- a- -t.e time would be very nm
risf as t UorIc teud 10 increase the APP
tfefens-1u now felf by consumers. The
20. tref consumption has a. last over
.1ffH rrgcr.-40u is certainly cause Tor en-
enlargement This condition has not been
Co-g n about rv any reduction IN output,
y Tie tentative agreement 20 curt8ll, SAID
n nave beer entered into by the leacipS
el-.frt. appears not 10 have beer oD-
te-tea tE any ~ the-1. The metal situs-
.eA. r m~ opinion. should he left 20 work
.ri OFT Fs natural process. precisely -
e-Rev- has in the psst Curtailment of
s.a-cncn would bring about hcuuous
l-AlD sPE-ULATIoN J. s. Bache e.
lH ftc.~ weekly market Letter, quote
l-e- Kansas City correspcnoetlt re
-E farm land speculation as foilONe'
ec- sron 'n farm lands s. On the isrg
. t-eie yer carried On. This spphes "a
~ e1tlEe fzrruirc region from the north
70 zc-rh I've ~ ne Tinted states The
.1lce en- prices IN the old. wei settled
s'-r1t Ear neen very great Ia i've years
~ feIaallc lands ln Illinois. missouri ana
SO nave PROBABLY doubled IN price, on
~ selling out al prices which they con-
lt--- nigh and taking their money ana
loving iEt0 tie newer sections where land
ue cheaper. Yet the farmers in The old
--o-ls, see .ng The big profits made on
.-l1-,f "a the high prices a. which prod
-e nave boon ruling. were eager 10 Duy
.,y..e lard Immediately around them and
Ni.ilE lo Incur heavy indebtedness 10 90
- n many cases the seller was paid by
.e buyer borrowing money from iHdric-
a4 and institutions in h!s locality. Then
ie seller would take his money out Of
.--e- comm unity and 20 ola 10 newer regions
-. ltl DIE money into development OF
areas. This process has been going
~ lpf several years, but IN the last year
y mas Increased 20 a degree never before
--tt b.. Now. it Is very apparent that the
lfIlNe money In tho banks and hands of
!i--ate individuals flrOue hOut tic entire
- -tiug region Of the Mississippi Valley
- from Canada 20 Mexico 81 used up
-NlnetT per cent Of the country banks are
'1ffflnE more loans than they like 90
10y and have very little surplus money
M.h which 20 handle the regular business
- ihe community. 4 failure on partial
ldtlfe ~ crops IS certain to make Etrin-
frul money conditions throughout the en-
re agricultural country. Along with the
IiH speculation. property ~ cities ana
.pN lS has also advanced rapidly and b. abb
evfong great deal 81 money. The quick
tfoIts made in buying and selling farm
l9hQs and iu farming ~ many cases have
also caused people 20 be unduly eXtrays-
Kant in living. some OF the money taken
,ito new territory viii be very profitable.
roine q III VIII he profit affer num-
lfr - Years large amount o. = VIII lie
INFESTED Ia Development which VIII never
prove profitable END VII be practical
!oss The outlook through the farming area
" Tor very close MONEY
MOVEMENT or CorToS.-The total