The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-06-04

Speculation 10 nus completely checked
by ordcr OF tho British Government
American producers are not inclined 70
oYer metal ~; lower prices on ~. ~
changes ana consequently the London
Unsrke; " no; lkely 10 continue 10 show
;he vioien' fluctuations thst have marked
IN. last feW weeks since me FIRST o.
June there has hecr no hIs moss 10
standard. which has beer nomirsl,y
quoted al E:u !or spot and tiIN fnr
futures. whale SPOT American electro
ly-is was held at gl40.
Tin sun cred q further decline ~ . t.
:rc or spot. making s. break Of =.
per N In the las; two weeks. Future
positions declined -, 20 lee. mHk.rug
NE drop ~ to ~ rer 10 IN the last
fortnight Tn NAV statistics revealed
unusually small shipments from tho
straits. 5 .a6h tons. hut there ~or. heavy
shipments OF BsncE tin from BATAVIA.
which compensated rnr thc decrease from
the straits settlements. rrsaiar. q 81
decrease OF only !2t tons IN ;N, Mis- hlc
supply, which st the end Of May va
1854 TINS. his beng .ssS ious larger
han the supply a. the corresponding
tine las; year.
Domestic consumers are showing more
Interest IN future positions ~ the lower
nrices now current. bu' go important
puslVfbr - III NENiishN1tH lo-NaN
$40; tn II held a; ~ to A5Ac sud
June al ~ 10 .4Rc rrlv in July
are hello uominhlly al s4c. Angus, at
4:e., september ~ 41,sc. and October
at 4li.c
Restrict on n speculative trading IN
copper has ~ympathe;icaliy affected
business " tin AZ London. whore the
volume Of business arparcutl, has
reached the i~rrcdncihlc minimum. In
the last week spot Straits tin has broken
- las ana standard hRs dropped -
i~.. while ;hr Singapore markc; ha,
receded "a TO 1855 G. T. { London. Spot
Straits al London ~ doun TO (: under
the singapore market.
Spelter, under continued pressure 70
sell. again declined ~ f. INC last
week. For over one month she market
has been s~tcadrly declining and the frs.
business 81 Importance was done on
the closing day ~ MAY. followed by
considerable activity on the f-yi Of June.
consumers taking all deliveries M to tho
end OF the year at 1870. for spot. l2S. g. for
June, 1.Lc for July. 10 for August,
lISc c, or the third quarter snd lie for the
las; hslf OF the ear. The full de-
cline during MAY was Sa. 10 4i.e. ,er
pound. on saturday more huvine
caused q recovery Of = 10 &c.
The London market suffered a break
Of f& to f2b. equivalent 10 $50 10
be. per pound. In Nav, In the last two
business days London has broken 40
on spo' and futures. ~ that Il Is to-day
under the parity OF the New York mar.
ket, whereas for more than v month
I, was higher than prices IN America,
encouraging hope OF export buying.
Such prospect has nov vanished and
the trade Ia unsettled and In the dark
respecting the near future.
The la,es, developmen; IS a decline
in ore prices IN the joplin territory and
a threatened strike Of labor IN the
entire district.
Load WAS dull and easy throughout
the week, although tNcrN IA some in
crease in buying Al eight concessions
on domestic account. business he.ne re-
ported a. zoe, New York and AT 7lsc.
East ST Louis for spot, June and July
shipment, The London market fuc
tuated within a marrow range and closed
f1rmer ~ a net advance Of l5s. or
spot, with sales ~ iS2 Futures 70.
coded -. 6d. TO ISL -, 6d.