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Show COPPER STILL FIRM; - LEAD REMAINS QUIET Tin Advances in New York on Strength Abroad; Iron Steady to Firm. 4- SILVER. 4 -f- New York eic . -f San Francisco 61V4c 4- LEAD. ' -f New York exchange W.VS4.70 -f f- COPPER. -New York exchange.. .J15.Bol5.S7i -- -- -- NEW YORK, Aug. 23. The London tin market was very strong, with spot closing clos-ing at 145 and futures at 151 10s. Locally, Lo-cally, tho market responded to tho advance ad-vance abroad and closed atrong at 33,15S 33.50 for odoL Coppor also was very firm In both markets, mar-kets, closing at 70 159 for spot and at 70 Ss 9d for futures in tho London market. Locally, lako and electrolytic aro quoted at 516.QC5S16.25 and casting at $l5.GOft'15.87.. Lead was quiet at $4.604.70 In tho Now York market, and also remained unchanged un-changed In London, whero spot closed at 14. Spelter closed at OX 17s Cd In London, but was easier locally at S5.GS0."5 for suot. Iron was steady to firm abroad, with Glasgow closing at 50b 6d and Mlddlcs-boro Mlddlcs-boro at 47s Ad. Locally, tho market Is loported In a Arm position. No. 1 foundry foun-dry Northern la quoted at SlC.2iyffl7.00; No. 2 foundry Northern, Jlo. 7516. fx: No. 1 foundry Southern, ?15.75SlG.75; No. 2 foundry Southern, $15.507J16.25. Stock Market Letters. James A. Pollock Si Co., G "WoBt Second South street, make public tho following letters on tho stock market: Logan & Bryan, New York, say: "The market closed strong" and higher. Not during the session was yesterday's Irregularity Ir-regularity o.f uncertainty In evidence. Tho Improved prospects for peace was tho bullish Incentive which caused the comploto chango of front and hasty short covering. Tako the market as a whole, It was a great big broad affair. An occasional oc-casional stock, such as tho Erles and tho Wisconsin Central, showed effects of profit-taking, but only to a moderate extent. ex-tent. As wo pointed out yesterday, thero, seems nothing in tho eltuatlon asldo from tho possibility of breaking off of peace negotiations to causo any anxiety. Tho action of tho'market would lndlcato moro confidence than ever In early peace. Wo feel wo would still buv on all setbacks." Dick Bros., Now ""York, say: "Tho market ha3 been actlvo and buoyant today, to-day, sharp advances being scored throughout tho list, Tho suddon turn for tho better In tho peace negotiations was tho influence. Tho buying was aggressive ag-gressive and from both accounts. Union Pacific, Erie, Conner, Steels, Pennsylvania, Pennsyl-vania, Missouri Piclfic and Atchison wero tho features. Local traction shares wero also very strong. 'Thero was Borne irregularity In tho Inst hour, but at the closo the list became very strong again and there was buoyancy at the closo, Indicating In-dicating better prices tomorrow. Bullish sentiment was very confident after the closing." Marshall, Spader & Co., Now York, say: "The market reflected In a greater degreo than at any tlmo recently causes for strength. It was not nlono the leadership lead-ership of coalers and the advances scored by unimportant Issues, but active trading trad-ing and support camo to tho market In tho steel group, the metal Industrials, Goulds and the Harrlmans and tho trunk lines, In a way to argue for a widely Increased In-creased demand both from tho larger Interests In-terests and professional traders and also from the public. A forecast of tho market mar-ket under existing conditions would hardly be of valuo to tho nverago operator, ope-rator, tho territory of quotations Is now In so many directions that Its exploration explora-tion and occupation at sustained levels seems reasonably suro to continue, but the possibility Is to bo expected and reactions re-actions moro frequent as tho advanco continues." T. A. Mclntyro & Co., Now York, say: "Bullish sentiment continued to predominate predom-inate In the stock market today, with the volume of business again approximating approxi-mating one million shares. The greatest bullish activity was concentrated today on Union Pacific. St. Paul and the Steels. Pennsylvania, Erie, Canadian Pacific and Smelters. All these stocks advanced to new high records on this movement. There was considerable increase In commission com-mission business, and London took abput 50,000 shares of various stocks and the various cllquo brokers and tho most prominent local and Chicago operators continued to furnish the principal buying power. The best opinion of best posted bankers in Wall street and In London, as well ns Paris has been that tho war would bo terminated at this conference, nnd thero Is still a firm conviction, regardless re-gardless of pessimistic utterances which havo come out of St. Petersburg. This Is perhaps why there was such confident buying of tho general list today." 17ew York Money. NEW YORK, Aug. 23 Money on call per cent; closing bid 1, offered at 2 per cent. Loans steady and dull, clxty and ninety days, 303& per cent; six months, 4 per cent. Close: Prlmo mercantile paper, 4ff4J4 per cent. Sterling exchange steady, with actual business In bankers bills at S1.S6.C3 for demand de-mand and at $1.8-1.75 for sixty days. Posted rates. S4.S5& and $1.87. Commercial Com-mercial bills. $1.S4. Bar silver, 6l"c. Mexican dollars. 46c. Government and railroad bonds, steady. Silvor and Drafts. NEW YORK. Aug. 23. Bar silver, Clc; Mexican dollars, 4Gc. SAN FRANCISCO. Aug. 23 Silver bars, CI Vic. Drafts Sight, 2c; telegraph, 5c. |
