Newspaper Page Text
10
Market Quotations For Week Ending_l_\“’l?}r*!_g. 1914
REVIEW OF COTTON MARKET
Strong resistance by the .bearish element to keep the price of cotten
down in the face of continued wet weather in the western haif of the beit
and continued cool weather in the eastern section failed during the past week.
However, they prevented the market from soaring to any great extent, but,
on the other hand the entire list verified bulls’ predictions by going over the
13-cent level for May and 12 cents for new crop options. In addition to the
unfavorable weather now prevailing throughout the cottdn area, was the
heavy demand for the actual, as well as futures by some of the largest spot
houses, including large Philadelphia interests.
The bulls were encouraged in their movement by rather bullish statis
tics, as shown in Secretary Hester's weekly statement last ¥riday, showing
that s{»mnera' takings durinf the week a gated 206,000 bales, against 178.-
000 bales the same week last year. prfitflth this, the into-sight figures
for the week showed another decrease, being 62,404 bales for the week, against
75,204 last year, while exports for the week feil slightly behind those of last
year, the total since September 1, 1913, continues to show a material increase
over those of a year ago, being l.zss.s& bales, against 7,875,150 last “year,
This demonstrates the fact that foreigners are consuming considerably
more cotton this year than last season. While the statistical position of the
market shows no material changes as a whole, some of the uadjnfi statis
ticians are inclined to view the situation with a bullish eye, which, however,
is an every-year occurrence during May, when the tail-end of an old crop is
passing, especially when experts estimate commuvtlon much in excess of
the ultimate output and the new crop insufficiently progressed to give an
idea as to its size. e,
Both elements are playing the game with the utmost caution, neither ai
lowing themselves to take aggressive steps. However, the bullish element
at present has a shade the better of the situation, on account of the unfavor
able conditions and the scanty offerings of desirable cotton. The weather is
playinf an important %crt in determ ln?n; the price of cotton. However, the
statistical position of the market will play a major part in trading during the
summer months, Supply and demand seems to be the line the market Is
working on just at present.
About the most potent factor during the week was the curtailment of
July contracts by the long interest, who replaced these liquidated lines in
new crop options. It was the theory of the majority that July would display
considerable fireworks, but its strong resistance from the mdunclngumnrket
gives food for doubt. However, there is plenty of time for a great 1l cam
paign in the midsummer option, because this is the month when everybody
wants to buy and nobody cares to sell. New York has sold July evidently
with a desire to break values, but without any material effect, although the
discount for that month, comrarad with the spot option, is a pzoblgm.
If there is not a corner in Liverpool in Ma{ the “sign-up” will fool a
great many keen judges of the market, The volume of sales in the English
market from day io day and a steady advance in both the future and spot
markets tend to support the belief. {iverpool has been in the markets on this
side operating full-handed. This fact has also helped the constructive side
of the market.
Conditions over the belt are very frregular. However, ug until a week
ago the outlook in the eastern section was most favorable, but the contin
ued cool weather has offset excellent promises to a market extent.
Recent telegrams from Texas are extremdi wnfavorabie, na?'m‘ the
crop is from two to three weeks late. Some of the most conservative stud
ents of the talent say unless the outlook in that section improves the mar
ket should work higher, but above 12 cents for the new crops, they look for
the average trader to sell, as 12 cents this early in the season iooks mi?m’
tempting to refuse. But this would not change the situation if conditions
continue unfavorable, as it would only result in a technically stronger market.
General business picked up a little duri';'g the week, but busineqs as 4a
whole is by no means satisfactory, as the outside public continue their ‘watch
ful-waiting’’ policy, pending further developments in the Mexican situation.
Reports from the d? goods districts are not as favorable as iz{enerally ex
pected. The demand for the manufactured article is not good. any outsid
ers are inclined to await the forthcoming census report, ag of conditions to
May 2, which will be promulgated June 1. The contents of this report will
have much to do with the immediate movement of prices, as it will show
whether the crop is a late one or an early one. Some of the best authori
ties look for a gnod report, barring a bad spell of weather. The report will
compare with 79.4 per ent last year to May 25, against 78.9 per cent the year
before and 87.8 per cent in 19{1.
TUESDAY'S REVIEW:
NEW YORK, May 19.—Influenced by
lower Liverpool cables than due, cou
pled with pressure from realizing caus
ed & drop of from 3 to § points in the
cotton market at the openlni to-day.
The weather map showed further pre
cipitation over the belt, especially in
the western section.
The demand was less persistent, and
trading was vor‘y light, while the ring
crowd was inclined: to realize Froflu.
After the call the list showed further
weakness, and prices declined 1 to 5
Eoints from the opening ran?. Later,
owever, there was active buying by
the same sources that were noticeable
on the buying side Monday. The ring
apparently got short, and covered on
prospects of more unfavorable weather
overnight, causing the market to de
velop a steadier tone, but price move
ment continued narrow.
Support. was lacking fér a while
around 11 o'clock, but the selling was
checked to some extent on buying by
gpot people. Later the weekly Govern
ment weather report was posted, which
was regarded as very unfavorable all
around, pointing out cold and drouth in
the Kastern States and cold and rain
in the western belt, The early semnfi
was based on predictions by local
weather experts that to-morrow’s map
might show mere faverable conditions
in the Western States, though the fore
cast is for unsettled weather.
Renewedéfluldstion on a narrow mar
ket, practically bare of buyinf orders,
carried the list down several points dur-
Inf the early afternoon. Seme of the
selling was attributed to Southern in
terests. The South, Liverpool and room
traders were grominent on the selling
gide earlier in the day, which contribut
ed most of the weakness.
Reports of further rains in Texas
SPOT COTTON MARK;T. -
Atlanta, steady; middling 13%.
Athens, steady; middling 13%.
Macon, steady; middling 13%.
* New York, quiet; midd! 13.59.
i New Orleans, steady; m uw 13%.
{ Boston, quiet; Mmlddin? .
' Liverpool, easier; 7.534.
'i Havannah, lte:dy: m"d“ldinulgli.
! Augusta, steady; m .
| Charleston, steady; numn ?t%.
| Norfolk, firm; mmwnlfnu;;
Galveston, firm; midd s &t‘.
' E'obllo. firm; mlulw
ttle Rock, quiet; 13e.
Baitimore, nominal; mlddm:’ 13%.
| 8t lLeuls. quiet; middling 83‘
Memphis, steady; middling 183%.
Houston, steady; middling 13'%.
| Loulsville, firm: middling 13%§.
Dallas. steady: middling 11 15-14
PORT RECEIPTS.
The following table shows uec!lgtl at
the ports to-day compared withe
same day last year: 3
{ W 1913,
New Orleans .. .| 3,794 1878
Galveston ~, , | 3,187 3,097
o . .. .. 845 414
Savannah . ~ 2,392 2,084
gmfl.lon o ‘ 405 111
limington ~ , . 5 66
B . | 184 1,178
.. .. 150 10
Fhilageiphis .. .| ... .. i
Various . . B 166
. Totals . . . o 10,48 | 3.600
.. _INTERIOR RECEIPTS.
i T i FTE
iloush: S 5 0 - 1,566 -5 1,10:
ÜBUSIR. o « o ¢ . 173
Memphis . . ee: e | I 8
t. Louls « ¢ o+ ¢ . 618 |
Caclioa 'Sy
S WOOM g 8 ol ...
o TOtals \vy vul 506871 3,18
BAR SILVER,
LONDON, May 1° -Bar gilver easy,
B6%ec, off Yd
THE GEORGIAN’S NEWS BRIEFS
caused covering by shorts during the
last 30 minutes of irading, resulting in
new crop positions recovering the en
tire decline, while old crops moved up
several points. The market closed very
steady, with prices net unchanged to 5
golnu lower to points higher than the
nal quotations of Monday.
NEW ORLEANS, May 19, —Weather
conditions during the past twenty-four
hours were again most unfavorable.
The map shows fair and continued cool
weather in the eastern States, practi
cally no rain there. Cloudy in the rest
of the belt, with a general rainfall over
Texas, North Louisiana and Arkansas;
heavy at many points, particularly in
Kast Texas.
Indications are for continued fair and
cool weather in the eastern States; un
settled and rainy west of the Mississip
pi River.
The New York Commercial revises its
estimate of acreage, making the in
crease 3.6 ?er cent.
Liverpool and our markeis were a
little easier at the start in consequence
of a favroable crop summary by a prom
inent private crop inspector.
Liverpool advises that the exchange
will be closed May 30, June 5 and 6.
The market continued rather easy as
support was intimidated by further
pressure in New York on July, which
Esluon is again at 140 points under
verpool and about ¢ under spot prices
in the South.
While mill takings this Week promise
less than last year, statistics will show
further bullish cz‘axen. The stock
afloat awaiting cl nce is large and
the loss in interior stocks continues
greater than last year.
Spots are firm, with a steady demand.
WEEKLY WEATHER REPORT,
WASHINGTON, May 19.—-Mean tem
peratures were normal or slightly above
in the Atlantic Coast States; elsewhere
over the cotton region there was a de
ficiency of from 1 to 12 degrees, the
genteat deficiency occurring over
orthwestern Texas and in Oklahoma.
Mean temperatures ranged from 62 to 76
degrees over the eastern, from 64 to T 4
de?ul over the central and from 56
to 74 degrees over the westrn portion of
the cotton-mv‘lnf States.
The highest weekly mean temperature
—l7B degrees—occurred at Jacksonville,
Fla.,, and the lowest—&§6 degrees-—oc
curred at Oklahoma City,
The precipitation was light and scat
tered over the eastern and central por
tions of the cotton region, and over
large areas there was no rain. Over
the western portion the rainfall was
heavier, but it was unevenly distributada
being heaviest near coast of Texas an
in Southeastern Oklahoma.
More than 2 inches of rain eccurred
in parts of Texas and Oklahoma.
The greatest weekly amount, 5.54
inches, occurred at Houston, Texas.
Sumamry: Over the entire cotton
belt there was but little progress in
growth during the week. Cold weather
and lack of moisture in the eastern por
tion delayed germination and retarded
growth, but the ecrop was well culti
vated. In the western portion the cool,
wet weather delayed planting. In Tex
as and Oklahoma the crop is late and
cultivation is badly needed. The truck
ing prospects in the southern portion
are generally needing rain. Awnd growth
was retarded on aceount of the cold
weather.
MONEY AND EXCHANGE.
NEW YORK, May 19.—Money on call,
1%;: time money unc ; 90 da
Is§,p¢ cent; 90 hyg. 2 s:fi. i
osted rates: t exchange,
4.8650@4.89, with actual ess In
bankers’ bills at 4.8835 for demand and
48560 for 60-day bills.
Prime mercantfle paper unchanged.
NEW YORK.
Wednesday, May 13,
Spot cotton; middyl;nx I{4o.
s e lel £] 5
§l3:] & | £8
My [12.78(12.79]12.63/12.65|12.63-66]12.72-15
I 1, ’ .....‘u.w-sg]u.u-u
Jly 112.45/12.46{123412.35/12.35-36.12.40-41
Ag 12.29/12.29(12.19112.20|12.19-20/12.26-27
Sp [11.92/11.94(11.89/11.94|11.85-87/11.88-91
Oc |11.78/11.80/11.72(11.78{11.72-73/11.75-76
De |{11.79{11.80{11.73|11.75{11.74-75/11.76-77
Jn '11.70/11.71/11.66(11.66{11.66-6711.67-69
Mr [11.7811.78{11.73{11.78{11.71-73/11.72-T4
Ap ]11.99/11.99(11.9911.99/11.94-96/11.96-98
osed y y.
lendw May 14,
Spot cotton; middling 13.40.
£: g i
| g $| ¢3s g i
| z <lda] O o
Y [12.69|12.97|12.69]12.94|13.94-95/12.63-66
Ju .t .. 18.60-70/12.50-58
Jly 112.37}12.47/12.36/12.47|12.46-47]12.35-36
Ag [12.22{12.30/12.22{12.29(12.26-29{12.19-20
Sp 11.90{11.90(11.90{11.90{12.01-0211.85-87
Oc (11.73{11.89/11.73(11.89{11.88-8911.72-73
Dc [11.77111.89({11.76{11.89{11.89 {11.74-75
Jn 11.70111.81/11.68{11.81/11.80-81/11.66-67
Mr iufu 11.85(11.74(11.85(11.85-86{11.71-73
Ap 111.95/12.05{11.95/12.04/12.07-09/11.94-96
Closed very steady,
| Friday, May 13. '
..Spot_cotton; middling 13.40.
: I, | l ’
| z 5 ot -
blglglggld |8
My 112.99)15.00/12.86[12.92(12 91-92/13.94-95
In |l 1268-65(12.60-70
Ty [12.461249/12.42/12.44/12.43-44/12.46-47
Au [12.2812.30(12.2212.22{12.22-23/12.20-29
Bp ... ie1.....|11.99i11:97-99]12.01-03
Oc ?nn 11.90(11.83/11,86/11.84-8611.88-89
De [ll.BB/11.91/11.84/11.85/11.85-86/11.89
Ja iu.ntu.az 11.76 11.70‘11.10-17 11.80-81
Mr [11.85{11.85(11.81/11.84(11.81-8211.85-86
Ap ...l ... 12.04-06]12.07-09
Closed steady.
: Saturday, May 186,
Spot cotton; mlddling _13.50,
3 s ¢ ;8
liif‘l'?l : !Es
o & .3___ 3 o o
My [12.96/13.00]12.06]12.98/12.97-98/12.91-92
PR bt ....,1.....’12470-80‘1158-65
Jy (12491257 12.49,12.55‘12.55-56‘12443-44
Au [12.30(12.39(12:30/12.39/12.37-39,12.22-23
Sp [12.10 12.15|12.10112.15'12.14-16‘11‘9‘!-99
Oc [11.92(12.03/11.91112.01/12/01-02! 11 84-86
Dc [11.93(12.041/1.92112.01/12.02-0311.85-86
Ja |11.84 11.96!11.34:11.95'11.95-96211.76-;;
Mr [11.96(12.02/11.91/12.02/12.02-02/11.81-
Ap [12.14/12:26/1214)12.26/12.35-26|12.04-06
Closed steady.
Monday, May 18,
Spot cotton; middling 12.60.
o . ‘ .
Hllsi : .‘5
B 313158 | &
My [13.00]13.06]12.96|13.00]13.00-0312.97-98
Je ~...{.....|....,.....12.7z-u(lz.n-ao
Jly 12'60112.60/12.54 12.59'12.57-59|12.55-50
Ag [12.41112.44]12:37/12.42(12.40-42/12.37-39
Sp [12.20/12.20/12.1612.16.12|21-23/12.14-16
Oc |12.0512.13 12.02}12.05|1:.05-osilz.ox-oz
De (12.06/12.14/12:04/12.05/12.08-09/12.02-03
Jn Iz.oolu.os 11.96/12.03/12.02-03|11.95-96
Mh ju,os 12.1312.01/12.07|12.07-08/12.02-03
Ap :153_2_51!2.31‘12.23|12.2712.21-2:;12.25-26
Closed steady.
g Tuesday, May 19,
__Spot cotton; middling 12.50. >
lolm‘S 38 & |8
My |12.97]12.99]12.93/12.98|12,95-96/13.01-03
oo e s s s 10-80(12.72-80
Ty [12.54/12.56{12.47(12.5612.55-56/12,57-59
Ag |12.57(12.40 i2.33‘12.39'12.40-41 12.40-42
Sp (12.1512.18[12.15 12.18‘12.21-23 12.21-23
e ~12,04}1z.00 11.99/12.09 13,08-09]13.03-09
De [12.05(12.12(12.01{12.10/12.10-12/12.08-09
Jn [11.98/12.05/11.95 12.05[12.04-05!12.02-03
Mh |12.02/12.09 12.01(12.0912 08-10/12.07-08
Ap [12.23/1223(12.23/12.23/12.20-31(12.27-28
. Closed very steady.
.
Cotton Gossip.
T AR 3
NEW YORK, May 19.—Trading was
}xt_ght during the early trading to-day.
e ring crowd sold, but covered on
forecasts of continued bad weather. |
» * .
The market showed very little snap.
Mitehell was again the principal sup
porter of the mrko.t. g &
. :
Liverpool and the South were in the
market with considerable selling or
ders. This, however, had little effect,
as it only represented profit-taking of
further straddle :penfi.on
*
Cordill wires from New Orleans:
‘“Augusta, Greenville, Atlanta to Mont
gomery, conditions as a whole are well
above normal. Stands are generally
s)od and much cotton is worked out.
'onditions east of the river, also in
Louhuna.b:rnnua and Tennessee, will
average above normal, Texas and Okla
homa continue tc: get too much rain.”
- .
The foliowing wires were received
from Greenville, Texas: “Conditions
were never in worse shape at this time
of the year. We are fully four to five
weeks late now and it still continues
to rain. Nearly all farmers had to re
plant, and on some farms the weeds
are knee high and too wet to work
Bottom lands will be an entire failure,
as it will be too late to cultivate them,
as they have been overflowed in the last
two months. What cotton is up looks
sickly, and I hear a great many com
plaints of lice. There will be no in
crease in acreage. If anything, there
will be some decrease f:om last season.”
- .
Pendleton, Texas wires: ‘““There has
been But very little cotton planted in
thig g:;; of the country as yet. What
has flnfltofl will have to be re
planted. e firound is still too wet to
work and will be so for several days.
Heavy rains prevalled to-day, May 16.”
» * .
Navasota, Texas, wires: “Rained all
night. zl\-om )autdhem reports g:ime
acreage river lan upland ng
tblnd‘oned." .
- . .
The New York Commercial's revised
returns indicate an‘®acreage increase of
36 ‘por cent, compared with last year,
lrl nst an increase of 2.7 per cent in
dicated in its préliminary reports, pub
NEW ORLEANS.
Wednesday, Maz 13,
Spot cotton; middiing 13%.
lg‘ih'éll 5 |
My [13.06/18.07|12.95/12.96/12.95-96(18.01-
i nuuluuuunhn uTfi4g. Uhe34ETO
By lissiian ia7id 7603 18- 112 10-71
Jiy |12.8412. ; 5 .76~ .70~
12.55/12.55(12.44/12.44]12.44-47(12.50-51
85 [l se sl 0a"od
11.84/11.87/11.76/11. -
S’é n.u’m.ss[ 11.15111.7 J 11.76.77 u.w_;’
Jn (11.85/11.85 n.11511.7s 11.77.78/11.79-80
Mr |11.95/11.95/11.90/11.90/11,86-88]11.89.90
Closed steady.
Thursday, May 14,
vl Ele les ; >3
| E(8 |5 F| EE
0| i l'et © o
y 113.98]15.12]13.97]13.12]13.11-12/12.95-96
Ju fevuederoeidseninles..ll2.93-9413.81-83
Jly 11281/12.88(12.78(12.88/12.87-88(12.76-77
Ag |12.49/12.58(12.48(12.58(12.57-58/12.44- 47
BP levselervnclinnsc]esssslB.ls-17/12.00-02
Oc |11.81]11.93[11.79/11.93(11.92-83(11.77-78
Nv [..0.1 .L] o 1 1.98-94{11:77-79
De |11.7911.91/11.79/11.90/11.90-01[11.76-77
Jn {11.82{11.92{11.82/11.91({11.92-93/11.77-78
Mr |12.,01{12.01/12.01/12.01/12.00-01/11.86-88
“losed steady.
Friday, May 13.
Spot cotton; middling 13%.
el el )4
|o’ a l 3
y (1313313 3.08[13 111211 TiBll-13
TNI s ide s s coesves)s -oo AB RS- IS 04
Jy [12.86/12.90 12.8312.83/12.83-84/12.87-88
Au (12.53112.59/12.53/12.65/12.55-56/12.57-58
Bp [12.16{12.00/12.00/12.08{12.10-12(12.15-17
Oc |11.90/11.93/11.87/11.88{11.87-88(11.92-93
NO fouuvelsonselecnnslsss..|ll.B7-89|11.92-94
De [11.87(11.90/11.85(11.86/11.85-86/11.90-91
Ja [11:89{11.91(11.8811.88 11.87-88/11.92-93
Mr |11:96]11.96{11.95/11:95/11.95-96/12.00-01
Closed steady.
Saturday, May 16. ‘
Spot_cotton; middling 13%.
R DOSRLITRE I o
& ' . & @ ‘
: | |§ ’ 3'} : l "
| o 3o é 3
My [13.17[15.36[13.17[13.26]13.23-24/13.11
D Lt .....!.....ixz.ol-onz.ss-so
Jy 12.90112.00/12.89/12.96/12.96-97/12.83-84
Au [12.62(12.78{13.62]12.72112.72-73112.55-56
Sp [l bl 112128-2501210-12
Oc [11.96{12.06(11.95{12.02/12.01-02|11.87-88
WO .oy eslvss aabis sty oo 15.01-08 1 BT4QY
De [11.95(12.02/11.93 11‘99[11.99 11.85-86
Ja [11.98 12.05111.96'12.04‘12.01-02 11.87-88
Mr fooodeeidennnd. ... 112.09-2011195-96
Closed steady.
Mcmdad\:i May 18,
Spot cotton; middling 13%.
. = ‘ .
l*lg} |3' : lég
ol E| 33 D o
My [13.30[13.32[13.27/13.32]13.31-33|13.23-24
Je ......-4....3..........{13.08-1013.91-03
Jly 12.99/13.05/12.9913.0313.03-04/12.96-97
Ag |12.7612.8412.76/12.80]12.80-81/12.72-73
Sp {.....1.....0. .. 112.32-34112.23-25
Oc |12.07/12.15/12.06/12.11/12.10-11/12.01-02
NV Eod il A 0 00-2 TH 0108
De [12.05{12.13(12.03]12.09/12.08-09(11.99
Jn !13.06.12.10 12.06/12.10(12.10-11{12.01-02
Mh 12.16/12.22|12.16{12.22/12.17-19/12.09-10
Closed steady. e
Tuesday, May 19.
Spot cotton; middling 133,
g| 4| ¢ g ;
! =|=ls’iil lég
o| & n 3 o
My 13.28[13.40[13.25(13.39]13.38-40/13.31-33
Je 1“ <. ..113.09-11/13/08-10
Jy {l3. ux.oa;fiz.o {13.04/1304-05/13.03-04
Ag |12.79112.88/12.76/12.87/12.86-87/12.80-81
Sp 112.26(12.26(12.26/12.26/12.38-40/12.32-24
Oc [12.07/12.17/12.04/12.16/12.15-16(12.10-11
NV cboiaabeonidsr iate, . 112 14<16112.68-41
Dc [12.04/12.15{12.03]12.15(12.14-15/12.08-09
Jn 112.06(12.17/12.05/12.17/12.16-17]12.10-11
Mh |12.16/12.24/12.16/12.24/12.24-25/12.17-19
Closed steady. PRI e
lished March 11. These later returns
bring the acreage total up to 38,720,000.
Estimated by States: North Caro-
Lina, 1,436,000, unchanged; South Caro
lina, 2,811,000, increase 3 per cent;
Georgia, 5,549,000, increase 3 per cent:
Alabama, 3,955,000, increase 3 per cent;
Mississippi, 2,258,000, increase 6 per cent;
Louisiana, 1,193,000, increase 5 per cent;
Texas, 15,435,000, increase 5 per cent;
Arkansas, 3,544,000, increase 10 per cent;
Tennessee, 880,000, unchanged; Okla
homa, 3,350,000, increase 10 per cent;
all other, 393,000, unchanged; average
increase, 3 per cent.
. * *
NEW ORLEANS, May 19 —Hayward
& Clark: The weather map is very
unfavorable. It shows fair and no rain
in the eastern States, except at Jack
sonville, Fla.; cloudy over the rest of
the belt; general rains in Texas and
Arkansas, heavy at many points. Indi
cations are for continued fair and eool
in the &tmu«: continued unsettled,
rainy ther in the western belt up to
the Mississippl River line, and it looks
like several days mere of rain.
- - . »
A traveling agent for a local house
reports from San Antonio: ‘‘Crop con
ditions, rrtlcnlnrly state of cultiva
tion, is the worst in my experience.”
* - - -
Houston, Texas, wires: “Heavy and
damaging rains, 1 to 7 Mchtny prevaliled
again yesterday and last ght over
Southwest Texas. Condition of cotton
over the State s more serious than I
ever knew it to be before at this time
of the year. Rains continue.”
COTTON SEED OIL.
Colton seed ofl quotations:
| Opening. | Closing.
AY . .« o o+ 1110737 102072
June . . . . .| 7.14@7.23 | 7.10@7.16
July . . ~ . .| 7.37@739 | 7219732
August . . ~ , .| T47@7.50 | 7.34@7.36
September . . . .| 7.54@7.56 | 7.44@7.45
SO . s . . 7.1837.19 7.04@7.08
November . , . .| 6.70@6.90 | 6.50@6.90
December , . , .| 6.60@6.75 | 6.50@6.75
Closed steady; s 10,
METAL MARKET,
NEW YORK, May 19.—The tone was
firm at the metal market to-day. lb%-
ard coper, spot to July Ix.ugu s
spelter, 5.1095.20; lead, $.85@3.95; tin,
32.87% @33.12%%.