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Show COPPER HIGHER IN LONDON; IRON ADVANCES Metal Market Appears to Bo in Good Condition for the Bulls. SILVER. -f- Nott York 67c " . COPPER. f New Tork exchange lS.O318.25c -f 4- LEAD. -f -f New York exchango $S.GOft5.70 -f f -t- "----f -f---- NEW YORK, May 9. The London tin market was still nervous, but fluctuations wore narrower and tho spot premium was further Increawed, with that position quoted at 197 6s, while futures wero slightly lower, at 16 12s Cd. Locally tho market was quiet, with holders a little higher In their views, spot being quoted at 543.EOSM3.75. Copper was higher In tho English market, mar-ket, with spot quoted at S3 16s and futures fu-tures nt 2 17s 6d. Locally copper was without quotablo change., Lako was quoted at $18.50d9,00: electrolytic, 518.25 casting, J1S.O0318.25. Lead was unchanged at 16 10s In the English market, and at JS.COSJO locally.. Spelter was 2s 3d higher, nt 2G 7s 6d. In tho London market It remained unchanged un-changed locally. Iron was higher In the English market, with Cleveland warrants quoted at 503 ld, and standard foundry at &0s. Locally Iron was unchanged; No, 1 foundry Northorn, ?19.75SU9.00; No. 2 do., $18.25 18.50; No. 1 do. Southern, IIS.2518.50; No. 2 do.. $lS.75fiil9.00. Iron Market Review. NEW YORK, May 9. Tho Iron Ago tomorrow to-morrow will say; "April production of anthraclto and coke Iron was not as heavy as In March. It amounted to 2,075,845 gros3 tons, of which the steel companies mado 1.333,091 tons. This compares with 2,163,C32 tons and 1,400,395 tons, respectively, in March. The furnaces arc. running along at tho rate of 1S1.000 tons "a week. "The markets for foundry pig Iron, as a whole, are rather quiet, with an easier tendency In some localities. "Pacific coaat orders for structural material ma-terial have been very light. . Wo can not learn that thus far foreign mills havo taken a single order. Among the contracts con-tracts placed with domestic mills during tho week are 5000 tons for the Bethlehem open hoarth building, and 3000 tons for tho Northorn Pacific railroad. Further rail orders for 1907 are delivering up Tho Pennsylvania Inquiry 13 for 180.000 tons, and two Western roads are In the Chicago Chi-cago market for an aggregate of 70,0)0 tons." I Now York Stock Letters. James A. Pollock & Co., bankers and brokers, 6 West Second South street, received re-ceived tho following stock market letters from their New York correspondents over their private wire yesterday afternoon: Logan & Bryan say. "Wo havo had a sharp recovery from our recent dc- E cession, and It secma as If tho period of ysterla had been passed. It Is reasonable reason-able to suppose tho short Interest has pretty well recovered, and stocks bought for supporting purposes are blng fed out on tho advance. While wo think wo havo for the time being seen the worst of tho decline, we advlsa against buying on the bulges." Dick Bros, say: In splto of very heavy realizing the stock market held Its own today, and at times showed decided de-cided strength, with prices going to the highest points of the rally. The market was reactionary during the morning, but later rallied sharply. It was weak again at the closing, whon a Court of Appeals decision adverse to somo of Brooklyn Rapid Transit's franchise made that stock heavy and had sympathetic effect on tho general list. Sharp advances were also scored by many of the specialties." New York Money. NEW YORK, May 9. Prime mercantllo paper, 5ViS5?i per cent; sterling exchange strong at S4.S5.35gHS5,40 for demand and at I-S1.75M,81,0 for sixty days; posted rates, $4.8294.SS; commercial bills, $4.S1. Mexican dollars, 51c. Government bonds, weak; railroad bonds, steady. Money on call steady at zyj3A'x per cont; ruling rate, 4c; closing bid, 2c; offered at 3Vc Time loans easier; sixty days, 5c; ninety days, SSc; six months, 55Vic. |