Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1880-01-28
LEAD.
A Resume Of the Business of the
Year..

Year.
The Engineering Journal says that 1879
opened with a gloomy outlook for this
metal, and the worst expectations were
realized, although the lowest prices we're Of
but short duration. The outlook was
favorable to a much larger output, from
both Leadville and Utah, than was secured;
n 1t was not until the year had some
what advanced that it was clearly indi-
Gated that the estimates made at the be-
ginning of the year we're too high. The
opening price was 4c., nominal, and but
little demand. The reported sales for the
month of January aggregated about 1000
tons, advancing to 4kc., with 4ssc. asked;
and the Eureka Consolidated Company,
which held all in the market but about
1000 tons, asking SC. In February, only
a few hundred o n were reported as sold,
and the price continued at Az @4Ssc. Dur
ing the latter part of the month 10 tons of
Richmond sold at 4kc. March opened
with buyers withholding purchases as much
as they were able, and before the middle
icAth " tDus 5Oiu - IT,, dlttT
which sales Of $50 tons we're mad at 81 c.;
$40 tons at BLOC, and 200 tons at 8. zoe.
The market then recovered nominally to
3kc., and then followed a sale of 60 tons
OF Richmond at SIC. n some Newark
at 3.35c., closing at 3.35@3. 81 &C. At this
time the European market began to i'm
prove a little. April opened with a small
business at 3kc., while London quoted
Els. During the second week, however,
1,500 to 1900 tons sold at 3@3.05c., after
which, the market was quiet and weak, and
sales we're made at ~ d. Csc. Early in
MAY, 300 tons sold down to Q $500 S5c.,
and 2Ac. was the best bid. The stocks at
this time were estimated at 10, 900 tons.
During the second week of this month,
sales OF 800 tons at &c. were reported, and
these we're followed the next week By sails
OF 5000 o for May, June and July de-
livery, mostly at &c., and the price was adj
vanced to 3sc., at which there was but a
small business during the remainder of the
month. June opened with sales of Q 900 to
$500 tons at 3ls@3kc. The shipments
began to be smaller and the prospects of
a smaller production from Leadville than
had been expected were encouraging. Dur
ing the remainder of the month sales OF
about l 200 tons at 81 @3 SOC. we're re-
ported. while a sale at st. Louis at a price
equal to 4 lie. here was announced. Dur
ing the first half Of July, sales of about
l,500 tons were reported at 3 9504 10c.
After this, there was, under a pressure of
outside lots, a small business done at 4 O5
"A O74c. During the first half of August, |
200 tons sold at 4 05c. and $500 tons at
4c. After this, 400 tons sold at Az
4 05c.. closing at 4 10@41sc. September
opened quiet and weak. During the first
half of the month, sales Of $50 tons at Al |
SIC. we're reported, after which, 1000
tons sold at 81 @4c.
Early in October, 5000 tons of corrod-
ing and common sold at 4.l014. 35c. for
the former, and 4@4a C. for the latter, and
the largest holders withdrew from the
market. This was followed by a very active |
consumptive demand, and 1000 tons were
sold at Az @5c., and the supply was said
not to exceed ! 900 tons. By the middle
OF the month, 500 ons more had been sold, |
reaching SIC. for common, and So C. for
refined, although there was some common
obtainable at "a C. after the higher figure
had been reached, and by the end Of the
month the price had declined to 5 cents.
During the first week OF October. /, 900
tons sold at &C., and 200 tons at So @5k C. |
Later, 200 tons sold at Sic, while before |
the close of the month, 500 to 600 tons sold
for Sic. December opened strong, but
quiet, at 5asc. Early this month. London
to f1SMfl9, and 20061300 tons
sold at 5.60c, and, later, $50 tons at 5.606
Sac. closing the year at 5%c, or an i'm
provement Of lac. from the opening of the
wear,