OCR Text |
Show UPWARD MOVEMENT IN METALS CONTINUES Copper Buyers Why Require Quick Delivery Forced to Pay Fancy Prices. 4 4 4-4.4.44.4.4..4. -f SI I VKR. 4- New York &Sc -4- 4- San Francisco Rjc 4. f LEAD. 4- 4- New York Kx hange $5.25fi5.73 4- COPPER. 4. 4- Ne w York fchUlge ....$17 rAfilS.OO '4-4-4-4-4-4-4-4-4-4- NKY YOIUC. N..v. 28 Tin- upward movement in the metal market continues. TThe London tin market today reportfd Hams ranging from about l's 6d to 1 Is. with spot (uoted at 166 17- 6d and fnturea at Q66 108. lax-ally ihe market was rlrru with spot quoted at SS8.90Ofe4.25. Chopper also was lilKhr In London, prices UHiiK advanced l.'is to 78 10b for spot and 77 ISfl for futures The local ltiiutl'ir ) reported very strong. Sup-pllei Sup-pllei for fut 11 r- Btllpmenl .-n Milr) to be available around $i7.so for Lake and electrolytic, elec-trolytic, but there is very little available foi Imiiin I la 1 dflln am) buyers are forced l meet nearby requirements and 1 Obliged t" pai fancy jrlc'n. Lake and lectrolytlc are quoted i $17.50918.00 and casting at si7.2Sc2fi7.Tft. l.eael was tlim rt t6.8Bp6.75 in the local markei arii ai 1 i: id in London, Spelter .'s advanced In London, closing clos-ing at CS 16s, and the local market remained re-mained at 86.1506.25. iron wan lower abroad, with standard foundry quoted at 52a and Cleveland warrants war-rants t 52a lid Locally the market was tirm and uix hanged Money and Exchange. NEW FORK, Nov. 2S Clrjue. Money On call Steady, imjS per cent, closiue bid. 4. offf-red at Time moni steady; f days, &yii") per cent; f days, 0 per c nt, six mouths. 5 jer cent. Prlm- mercantile paper. .")'yo per cent Sterling exchange w-ak with actual business In bankers' bills at 4.;?m m OG for demand and at i S2.5"-'i4.h2 fiO for slxt -dav bills; posted rates, $4 K5I-.'j4.R4 and $1 s7'.t v7; commercial bills, M.92 . Silver and Irrafti!. NEW YORK. Nov :'S.-Bar silver. 65C, Mc xit an dollars, s.N PRANCI8CO, N" 88V Silver bars, B5c: drafts, siRht. 3 jier cent, telegraph, 5 per cent. Stock Market Letters. Jam- - A PolloOk & CO., slock and grain brokers. ', West Second South street, make public the following letters on the .dork market' Ll k Bros . N w York. su - During the greater part of the da the general tone was strong, but in tho afternoon heavy professional profit -taking began to tell ana In the late trading a general reaction re-action carried prices down sharply and many slocks closed with net losses. T. i V ., and National lead were the sensational sen-sational features, and numerous Other sp'-i la li m s ail v inred sharpl; In 1 he morning, however, buying of St. Paul made that stork s feature." (iUtton, N-w York, says: "Transactions on a heavy scale afforded an excellent tiailliiK- market I'ool op. rations In many of the industrials which have recently been Inactive was the feature. Heavy profit-taking va in evidence on the early advance, but ibis wa onlv natural after the recent sharp advances and the holiday 011 Thursday also induced considerable liquidation. However, there was heavy short selling by the room traders, which caused the afternoon decline The healthy peactlBn today Will strengthen the market materially for future operations, and In view of there being no unfavorable news, we look for higher prices at the end of the week " T V Meliiiyte & i'o. New Yoik. -ays: "The technical speculative market conditions condi-tions Ore extremely unfavorable and it requires a continuance of aggressive hull Bpt 1 ulatlon and manipulation to keep the bull movement going, as all the talk "f an alleged absorptl f in-rg-r In the traction storks has proved to ! without any foundation In fact and T 1' I. and Schloas companies have made an emphatic em-phatic ib ii i.i 1 of any kind of a deal to merge these properties." lxigan & Bryan, New York, say: "Early in the session the metal stocks were lead-era, lead-era, Tennessee Coal advancing six points. subsequent Iv losing It all. Throughout the list the market gives evidence of pi oil t -taking, but considering the advance we have had, the undertone remains remarkably re-markably Arm. Money continues easy and apparently In phiitiful supply Market Mar-ket closed irregular, and barring unforeseen unfore-seen events or disturbing news, we be UjBVe in buying stocks on the setbacks." Dried Fruit Market. NEW YORK. Nov. 88. No change of liesb fe-ituic l reported lii the market tor evaporated apples. Common to good, 7c; nearly prime Vilfie ; choice. 10c and fnnev lie. Pi unes continued in steady demand with prices ranging from 6V&Sc, according to grade. Apricots are quiet but offerings Qf hi The tone of the market Is firm. cii 'y'i'.'i . extra choice, OV&dUc and lam . lVTil2.-. Peaches are nun with extra choice, 10CJ fancy, lO'llc; extra fancy. ll'i'SlSc. Raisins are in fair demand, most buyers buy-ers bains supplied for the time being. Holders are granting little if any con-1 con-1 .-ssion Loose Muscatel nre quoted at I ,7' Seeded raisins. SVsOOc and C:tll-f C:tll-f rnla London layers, 81 .60. St. Loui8 Wool Market ST. LOl'IS. Nov. 26.. Wool steady , nil -diuin grades, combing and clothing, 260 Vc. light fine. ilStJc; heavy fine, I'Vf.'JL ; tub washed, rcC-ile. New Yoik Sugar Market. NEW YORK, Nov 2V Sugar Haw, llrm; fair refining, 3c; centrifugal. 96- test ! 0-16c; molasses sugar, t1-: rellned, stead s |