Arizona weekly citizen., 1888-03-24
Copper and Lead Market.

| CoPPRR.-Owing to the operations Q
 lne oiizzard during the past week, al
 tuner operations have been greatly inter
 IuPteo, and transaction on the various
 s1onsnges have been very limited. Or
 monday and Tuesday business was al
 most entirely suspended, and since ther
 the trading has only been of moderate di
 mensions.
 The usual communications by mai
 ana telegraph were quite impossible ID
 the early part of the week, with the e1.
 cepton of the Atlantic cables, reporting
 the condition Of the European markets
 winch came 10 hand pretty regularly.
 Dut yesterday snd to-day whilst the in-
 IHhu communications are gradually re-
 stunning Ihelr regular working condition
 the European cables are very greatly de-
 layed Very little change has taken
 place ID the quoted prices, but if any
 thlng they are slightly lower, and we quote Spot, Sl6 10; March, SIS.IO; AprIl. 6.l5; May, SI6.35; June, Sl6 90; July. sl6,3O; August, Sl625.
 Although DO publ;c announcement of the Tact has been made, |, is now gener- ally understood that the French Sypdi- cate have at last succeeded m carryinp out lheir scheme snd that they now con trol the whole output of nearly all the prlnclpsl mines ID this country for some time to come.
 The negotiations between the Ameri- can representatives of the French "syn- dicate, or, more porperly. La SOcietie lndustrlsIie des Meiaux, have been com pleted, says the boston Transcript; the oihcIal announcement of the en- try ot the Frsuklin and Huron was made on the 10th inst. The French men now control the product for the next three years, of the Calumet & Hecls, Iamarack, Quincy, Franklin, OsceoIa, Atlantic. Huron, Central and possibly Copper Falls and Allouez, or all of the producing mines of Lake Super rior (the hehrsarge wIll probably be in the ar- rargement when it becomes 6 producer) besides the Bostcn and Montana. The terms are understood to be the same iu all cases; a certain Irice, about thirteen cents a pound, and a division of profits Of the purchasers with the contracting parties, amount of the product not re- stricted in the case of the smaller com panies. It Is understood that the Cslu- met X Hecla IS restricted to 150,000,OO0 pounds ID the three years. And the Tamsrsck to 55,OOO,OOO pounds in the same time, of which the French com pany takes 50,O0O.00O pounds Deliveries will probably begin May lst in all cases. The last contracts were closed late yes terdsy afternoon. The gross amount of copper thus controlled by the F. erch- | men will figure up fully 25O.OOO. .OOO | pounds for Ihe next three years from the | Lake Superior companies, plus the Bos- ton S MOntEns's product of lO0,OO0OO0 | pounds, snd the otber Montana, Arizona | and other companies will foot up fully | i00,OOOOO0 and probably moro of tbe | American copper secdred by the French | company for delivery during the next three years.
 LEAD:-This market alone has shown | some life, and considerable transactions | have tiksu place at somewhat irregular | prices Between foo and 500 tons were l sold yesterday at 5:l2i for May and Oc- tober delivery, but the market was a | lIttle easier today, a: 5:l0 for May. It | is curious fact tha: outside the Metal | Exchange, several transactions have | taken place st e. for prompt delivery, | net cash. The market remains in an ur- settled state. with consumers altogether | from buying. The last private | cables received from Europe report | Spanish lead at gi4 7s 61.-Mining and l Journal.