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

CoPPER.-Trsding throughout the
 week hss been satisfactory, and although
 quotations are slightly easier, very
 healthy tone has been observable, and 1t
 IS known that some large quantities in
 speculgtoTs' hands, which have been
 hanging on the market for some time
 past, have now been cleared out and
 passed into the hands of dealers and
 Consumers. With little prospects that
 they can do any better during the next
 lew months by waiting and low stocks, consumers have been tempted to pur-
 chase more freely al the slightly lower
 prices recently established. As to the
 general prospects of the market, there is stlll great amount of uncertainty as to
 whether the Calumet & Hecis Company
 have actually entered into an agreement
 with The French syndicate or not. As Tar as can be ascertsined from the com
 pauy's agent here the rumor IS denied,
 but on the other hand. the parties inter ested in the operations of the syndicate continue to reiterate 1t. Of course. should the statement be actually con- hrmed, the significance of such a fact
 will be fully appreciated by everybody interested ID the copper market, but even should thIs prove to be the case. We think the wise course Is Co adopt a cautions policy, as it should not be over looked that the present price of copper in common with most other metals, has now reached such high level that care tul operations gre more than ever neces- sary. The same condition of aifai
 abroad exists as last reported, that Is to say, Chili bars continue very firm. with moderate fluctuations, while on the other hand the amount of actual legiti- mate buying by consumers is compsra- lively smalL IL is expected that the statistics of visible supply will show further increase st the end of this month On Monday last Chili bars opened ID London at 977 17s 6i.; advanced on Thursday to E7S 15s., and closed to-day EI1. spot cash, We quoie lake copper, spot, l6:l0c.. March. l6:l5,., AprIl, 16:4Oc, May, l6:40cc; June. 16:40c; July. 16:3Oc:. casting copper, l3gl51so., according t. brand.
 LKAD-The speculative movement has made further progress in this article. Ii became snown that the large specnIa;or who has for some tune pas. been boom ing this article. apparently without any other supporter, had recently entered into further contract for 1900 tons of Richmond lead, delivery from March to June next, st prlce a little above 5,. on dock, New York, and this led to sev- ersl parcels being secured by consumers for early delivery, ns they wanted 10 pro vide against contingencies. On the whole, boweve', consumers view the present condition of sffairs with some suspicion. NocoufirmaiiOn has get been received from abroad inst a syndicate has been formed; on the contrary, it is again stated on Rcod authority that there IS no prospect of such s scheme being carried out. As it certainly does not appear 10 be at all likely that VIC shall witness any scarcity Of lead. i, is evident that the present high price x sl- together the result O. specula,Inr. IL is | also reported that considerable quanti- | ties of lead are stored 10 warehouses in | London. In London the price of Span | ish lead hss ruled during the EesS 8t 1 about Elt l0s. per ton, but private ca bles tEis aftereOcn report a rather tiToI- l CT market, with Spanish lead qlr'eS | eI4 15s and English GA l7s. 6 i. 70 fl5 1 We quoted here Spos 90 90: Msrca, | 5 10c.; April, 5'l5o., May. 5I5, Jrns. ! , ljc. The market -ioss s sfroLg. Frr l prices Of sheet, pipe and shot see oHr list Of current quotations E gu eCfirg | and MininG JouTnsi.