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Show MARKET IS i . LONGER DULL Improved Trade Conditions Increase In-crease Volume of Business in Wall Street. COPPER BEING SOLD IN BIG QUANTITIES Only Thing Lacking in Wall Street Is Participation of the Public. By Leased Wire io-The Tribune. NEW YORK, April 22. Dullness which has prevailed in the stock market during the early part of April vanished before improved trade conditions early In tho week and moro activity in trading was manifested toward tho close of the exchange ex-change Saturday. The early change -was expressed In a sudden rise in daily transactions trans-actions Mondav of 112,000 shares to nearly near-ly 600.000 on Tuesday. Sales today wcro 212.725, which exceeds tho Saturday record rec-ord of some weeks past. The sharp drop in prices after the rise Tuesday Induced some liquidation on the part of tired holders, but the volume was not as large as might naturally have been expected after the prolonged and weary dullness. The liquidation and the surplus sur-plus supporting orders that came Into tho market, together with the covering of short contracts, gave brokers a little more business, which ihey certainly needed. In the Industrial world the steel and copper trade, while not active, has been that of a steady business season. Producers report moro Inquiry and larger sales of electrolytic copper on t he lower price basis prevailing for the last few days. Heavy Sale of Copper. A sale of five million pounds of copper at slightly above 12i cents a pound for delivery In June was reported one day during the week. 1 It is stated officially that the -United States Steel corporation is operating about 70 per cent of lis capacity at the present time, which means that about three furnaces have been banked. Tho corporation is shipping steel at the rate of between 9.000,000 and 10,000,000 tons .1 year, which compares with actual shipments ship-ments of not much over 10.500.000 tons In 1910. About a week's supply of pig Iron Is in stock. In February and LUarch the merchant furnaces In western Pennsylvania Penn-sylvania and eastern Ohio reduced their stocks of iron. The steel corporation is receiving new business at the rate of between be-tween 30,000 and 35.000 tons a. day. One of the leading industries of this season of the year is the movement of citrus fruits and vegetables. The shipments ship-ments from the West Indies and Central American countries have been large and that from California has shown an average aver-age good year. California Fruit Trade. Over 2000 carloads of oranges have thus far this season been sent eastward from California. The coming year will, however, how-ever, probably yield a larger output because be-cause of 2,000.000 new orange trees which will come into bearing during the next season, toccther with 500.000 new lemon trees, making a total of 10,000.000 orange trees and 1.S00.000 lemon trees in the "out'iern California fruit crop. What is really needed in the business world Is public participation in the slock exchange dealings and is the surest road to this revival of this international trade and Industrial activity which would give to the railroads an Increased volume of business sufficient to induce the taking back of men laid off tills year, thus enlarging en-larging the number of active consumers, and also to resume work of Improvement arid construction abandoned after the late Interstate commerce commission's decision. This would Inspire public confidence con-fidence in the maintenance of dividends and Us stimulating Influence can hardlv bo overestimated. It is a true axiom that when the railroads are prosperous tho country is prosperous. For that reason everybody will now bail a return of prosperity pros-perity to the transportation interests as a great boon. This will come with time, but unfortunately It Is not in sight at the moment, as slack trado is still evident. evi-dent. Barometer of Businoss, Military incidents are frequently an excellent ex-cellent barometer of business, and during dur-ing the current week more than at anv previous time this season these reflect a low ebb of trade and industry. Idle money is piling up at all the great cen-. tors of the country, en-st and west, and there is sharp competition to find employment employ-ment for It outside of regular business channels, where the demand is far below normal. Chicago has been loaning six months' money here at 3 per cent and buying long dale commercial paper at 3J per cent. These are unusually cheap rales iVir western capital at suiy time, but particularly particu-larly at this season. Now York Produce. By Associated Press. NEW YORK", April 22. Flour Steady, with demand only moderate: spring patents. $4-75(fj'5.10; winter straights, .t3.l)0f4.35; spring clears, 53.654.00; winter extras Xo. 1. $3.203.40; winter extras Xo. 2. $3 05)3. 15; Kansas straights, 4.10)4.25. Receipts, 16,000 barrels; shipments. 2S0(l barrels. Wheat Spot, firm; X,o. 2 red, 054c elevator and Ji6le r. o. b. afloat. Xo. L northern Duluth, 1.07$ r. o. b, afloat. Future market was canier at the start on favorable weather, but rallied on week-end covering anil at the close prices were about steady, at he decline to Ac advance. May closed 05ic. July closed IMZc. September closed Oijjc. Receipts. 1200 bushels. Hops Firm: stale common lo choice, 1310. 26(f7'30c: 1 !0y. lSi?i2le: Pacific coast. 1010. ll(?22c; J009, 12 (pi 17c. Hides Dull; Central American. 20c; Bogota. 22c. Petroleum Stemly; refined New York barrels. 57.40; refined Xew York bulk. 3.90; Phlladcphla barrels, 57.10: bulk. $3.00. Wool Quiet; domestic fleece XX. Ohio. 2STi2fic. Sugar Raw. quiet; Muscavado, .SO lest, 3.42c; centrifugal. .06 lest. 3.D2c; molasses sugar, .SO test, 3.10c. Refined sugar, steady; cut loaf. 5.70c; crushed. 5.60c: mould A, 5.25c; cubes, 5.15c: XXXX powdered. 5.05: powdered. 5.00c; granulated. granu-lated. 4.90c; diamond A. 1.90c; confectioners' confec-tioners' A. 1,75c; Xo. I. 4.75c; Xo. 2. 4.70c; Xo. 3, 4.65c; Xo. 4, 4.60c; Xo. 5, 4.o.1c; Xo. 0, 4 50c; Xo. 7. 4.45c; Xo. S, 4.40c: Xo. 9. 4.35c; Xo. 10, 4.30c; Xo. 11. 4.25c; Xo. 12, 4.20c; Xo. 13, 1.15c; Xo. 11, 4.15c. Money Market. By Associated Press. X1SW YORK, April 22. Close; Prime mercantile paper. 3 J to per cent- Sterling exchange steady, with actual business In bankers' bills at 4,84.40 for sixty-day bills. ;md at 4.86.55if7i4.S6.60 for demand. Commercial bills. 4.S3J. Bar silver. 531c. Mexican dollars. 45c. Government bonds steady; railroads easy. Money on call, nominal. Tlmo loans, easy; sixty days, 21 per cent: ninety daya. 2i(Q)2! per cent; six months, 3 per cent, Chicago Produce. By Associated Press. CHICAGO. April 22. Butter ateady; creameries, lu'gclc: dairies. 13lSc. liggs steady; receipts, 21,224 cases: at mark, cases included. 13Jc; firsts, 151c; prime firsts. 16c. I'lieese steady; daisies-, J3l)133c; twins. I2ltfii3f yoimg American. rjih l'j'Jt- ittnir l.o.-nf'. l!'ii'13i |
