The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-06-11
EXPORTS Of COPPER
TAKE A NEW JUMP
shipments. After Quiet Four
Weeks, Mount TO 9,282
Tons Of Metal.
LEAD DROPS IS POINTS

TNpoTtS OF copper 1e0t week were iaBe
-9.262 ton,-and this compensated In
some measur for the small foreign ship
msnts during the presiding four weeks.
Using the methods Of the late Copper
Producers Association. these shipments
would be included In the May outeo.
making the total shipments last month
2S,st2 tons. The total exports since the
nrst OF the year. however, still fall
considerably short OF what they were
in the corresponding time last year.
Since June ! total exports have been
1889 ton
Imports on The other hand are still
running heavily in excess Of what they
were last year. Government reports
for April. received during the week,
show arrivals Of 1880 tons. and total
rcceipts Of foreign material in May are
estimated between $4,000 and 1900
tons. April arrivals last year were only
800 tons, AMI May arrivals vera $500
tons. Imports since the FIRST OF January
this ear have been between $4,000 and
$4,000 tons. or double what they wers
ono year ago.
stu . Record Breaking Pace.
There IL still evidence of record break
Ing production and consumption. Orders
for finished material such az wire. rods,
sheets and plates are very satisfactory.
but most Of the domestic manufacturing
Interests are we'll covered on contracts
for electrolytic. lake and casting grades
for delivery prior to August or Septem-
Der. Consequently most Of the copper
seeking a market through second hands
goes begging AT IS 20 csis cents for
nearby deliveries. Several orders for
large eize high explosive shells were
placed late last week. which may re-
Quire from 5000. 900 to 100000 pounds
OF copper. for delivery during the last
not yet In the market, n second hands
are anxious to cell At - TO 27is cents.
Producing interests on the other hand
are making no EFFORT 10 sell.
The foreign market developed a 1T
tie nrner tone earlier IN the week and
prices OF ali positions advanced sharply.
although little or no business val trans
acted. There was some reaction later.
but prices were almost entirely nominal.
as II Is now ali easy matter to advance
the market while trading Is restricted
by the English Government regulations.
The net result OF the weeks develop.
ments at London was an advance OF f2
on American El~ectrolytic to fl<2 Stand
ard advanced f3 los. on spot and fl on
futures. the market closing on Friday at
fl23 los for spot and flls los. for
futures.
The main feature OF Interest In Gin was
the placing OF larger contracts for far
on future delivery Of Straits by Ameri-
can consumers because OF the lower
prices. Quitc a large business was done
on Wednesday and Thursday. all the for
elgn limits being taken up 20 December.
Advance Discourage DsyinG.
The large orders. however, turned the
foreign markets. upward SHARPLY. c!sco.r-
aging additional purchases on Friday.
There WAS some ~irregularity In prices
and conflicting reports concerning for
eign limits at the close OF the week.
when July and August shipments from
the Straits for october. November ar
rivals here were s,ill offered al Al. 10
III. cents. Spot and nearby tin, on the
other hand. developed a weaker tone
with fre.r offerings. spot straits being
held AZ +il2 cents TO &ia. cents for a
net decline OF - cent per pound. June
arrivals were easier at ~ 20 40. cents.
The result Of the fluctuations abroad
Was "A ne, advance of ~ 5s. Oh all posi-
tiuus ~ London and an advance Of Fl
! los. at Singapore. but IL IL notable that
the Singapore market was held az "A
premium Of r. over London. American
consumers are refusing TO pay flso l0s,
at the Straits. with the London market
tor spot AT tlsS.
Spelter WAS stronger in tone. with con-
/ tirued active buying by domestic con-
.umcrs. This resulted In a further adj
vance Of Sc. per 10. for all positions,
4 lull cane at the close 81 the week.
with spo, held az 1880, June AZ 1870.
t. 1890. July AZ l3i4c. to 1890.
August at l9Ic. 20 l2'.c,, n third
quarter delivery at lcA.c. East 81.
, Louis. The London market Vas unset
tied n irregular.
Lead suffered a decline Of 81 points
in the open market, following tho drop
of ':c. per pound IN the pric. II tie
American smelling II Refining COM
pauy. Thc American ~conpany's price is
now &c. at New York. but dealers are
forcing a decline in the open market IN
an effort TO secure business. offering
various deliveries up TO and including
:, ptember. from 10 to 90 points under
tn" trust price. June is quotabl. a,
c.Nic., July ~ $50. and August NJ 60. g.
AT Sew York, and five points less at Eas,
ST Louis, withou, bringing business,
The London market fuctuatcd RAPIDLY
" thin II. the net result heins a decline
Of only 5s. 81 spot and rs. I6d. On fu-
lures, Spot closed al f3l los. and futures
cal, y -