, 1888-12-27
THE LOCAL NEWS.
Robbers Carry off the Funds of
q Faro Bank.
Development of Alma Consoli-
dated COmpany's Claims.
why the Lead Market 10 Dni'-A"'"'
silver and Copper -Other
Mining Notes.

frou, the alley In the rear of the MazePPa
saloon on Howard street, near Riverside
avenue, last evening, about p. m,, AZ
tracted the attention OF the neiRnoornood;
and In few moments large croWo nao
collected at the entrance OF the alley. A
REyIEw reporter happened to be passing
bv at the time and at once Investigated
the cause of the shooting. He found that
1khe boldest and most daring robbery In
4 IHpok kane had been committed In the alley
Va few moments before.
In the rear Of the Mazeppa saloon IL o
gambliag house, the windows from which
lead out into the alley. The faro dealers
I the window is open anyone can reach the
cash drawer from the outside.
While the game was 10 progress last
evening two shots were fred IN the alley
and the window near the faro table was
suddenly smashed In. In the confusion
and excitement that followed a hand
reached for the cash drawer and pulled IT
out from the table. 1t then disappeared
through the window. The drawer con-
The Grst shot was fred through the win.
dow in the rear of the dealer and the ball
passed between the dealer and lookout
and lodged In the cash drawer,
Az soon as the dealers and players real
ICED that bold robbery had taken place
they rushed into the alley, but the thief ,.oI or
thieves had vanished. The ground was
strewn with gold and silver.
In his haste the thief had evidently
struck against q projecting piece OF tim
ber at the corner OF the building and
spilled the money from the drawer Into
4 the alley. There is no doubt but that the
sobbery was planned by person or per
sons who were perfectly familiar with the
position of the tables and the exterior
Of the building. A rope had been
stretched across the alley by the robbers,
presumably with the idea OF delaying
pursuit, but in their haste to get away
they had evidently stumbled over the rope
themselves and broken 1t.
The culprits are unknown and there Is
no clue to them. They fred the shots to
attract attention elsewhere in order tc sue
oessfully carry out their daring plan,
About 500 of the money was recovered.
The Circular of Jas. +. Mathews & Co.
for fast week has the following opinions
on the subject of the three metals most
interesting to this camp:
'Siver was more affected by tight
money than by strict trade influences and
Huctuated for the past week at New FORK
Tas follows: Dec. i3. 93c.; Dec. Ia. 03c ::
Dec. Is, 93c; Dec. II. 923sc.; Dec. Is,
80 l1l6c.; Dec. 49, 90 9-l6c.
nsa3 come wiseacres think they can already
r. some rattliug among the dry bones.
cou.se the chief rattle is the collapse in
de Lesseps' Panama canal echeme, which
IL the weakest spot in the copper situation.
This break is but the beginning of the
end and the crash of the venture means
loss of 200 900 ,00Of. to France. Neither
the government nor the banks can stand
this shock, and the copper syndicate will
have very tough task to live through a
financial pauic. 1t is reported already
that banks are asking for more margin on
copper loans. Everyone interested in cop
per views the situation with more or less
alarm. At New York the bears have
seized on the depressing French news
to sell the market down, and they
have offered copper all the way from II 80
down to 1925 without finding buyers for
more tbau 100000 pounds, and these
shorts may yet be forced to buy back at a
higher rate. London has been maintained
with impregnable strength, for the syndi-
cate keeps standing orders in the market
at f77-l0 for spots and f7S for futures and
figures therefore stand steady at those
prices with G. NJ. B.'s ut G7710 and e9l
Anaconda would be shut down entirely
against a cash payment of cents per
pound profit on AN estimated production.
- Is very possible that this may be done
i, even though the mine was started up
yQfter i've days rest. The Calumet fire
continues to burn, but the mine has turned
out over $4,000 tons this year so far.
Lead has been unfavorably influenced
by the surplus stocks at New York, and so
long as that cloud hangs over the market
there 10 very little hope or chance for re.
action. The lead is held by banks and
bankers who made advances on it on time
bsus. These loans are now falling due
and the banks have no interest Whatever
in the lead except to get their money back,
consequently they are likely to sell it.
During the week 1000 or 5000 t0ns was
afraid of the quantity that might follow,
and In consequence sales were restricted to
about 500 tons, at steadily declining
prices, from 3821i TO 3.65. with large
blocks still to be had, and the buyers very
slow to take them. At st. Louis an
ettrcmely dull market was the order of the
day and sales reached about 500 tons run.
\ a dull market at the close S.l5 bid and 3.55
asked. Chicago reflected very light busi-
hess at q similar range OF prices. The
stock of about 1000 tons in Chicago and
St. Louis has not yet come out for sale to
any material extent, 60 that it acts as q
damper at those points precisely as the
surplus does at New York. The London
iiharke! mas peen IoiiowlnR our own, and
the prices has fallen there q couple of shil-
lings every day until 1t has reached G22 7.6.
The prices there has been down over a
ponnd lower, and it looks very much IT II
mtkht 60 there again. It looks very much
as1f miners must shape their business for
the acceptance Of low prices over several
months at least, and until the present
cold wave rolls by"
During the last three months extensive
Ssr.~~ 81. L. Il