Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1889-01-09
THE COPPER
English Reviews of Its Condition Up to
the Middle of December.

English Reviews of Its Condition Up to
the Middle of December.
From the fortnightly copper report OF
Henry Bath & Sons OF December Is: The
copper market has been very quiet during
the past fortnight and prizes ON the Ex-
change have not varied from EFT los.
cash, and ELS three months, at which the
Sy Indicate has been a steady buyer. The
general demand is no better, and con-
sumers evidently have the intention OF de-
sible moment. Some people take an
un'avorable view OF the prospects OF the
Syndicate in consequence, out a closer ex-
animation will show that the present
position must be strongly furthering its
plans for an extended campaign by in
dicating the course of the market should
its support be withdrawn.
The Liverpool copper report of James
Lewis & Sons, OF December Is, reviews
the preceding fortnight as follows:
The consumptive demand for copper has
been practically at a standstill during the
past fortnight and the value OF English cop
per has receded until best selected OF good
brand offered for delivery in Swansea at
f7S pounds per ton.
The valueo OF Chilisbars and good merch-
antable copper has however been sUs-
tanned oy the Syndicate at EFT los. for
cash and f78 for three months, all offering
at these prices being taken by them. Fifty
tons bars have gone into consumption.
Furnace material is difficult OF sale,
smelters not yet having worked off what
they bought from the Syndicate prior to
the 9th OF November at prices 6 pence per
unit above what they offer now. A large
porto! OF the copper in the ore, matte and
precipitate sold by the Syndicate to the
smelters comes back again to the Syndicate
as good m~erchantable copper, which they
are Obliged to purchase. In this way the
stock OF English G. M. c. has increased 40
tons the past fortnight and is now 3,94S
tons.
The Syndicate have sold to American
consumers about 10000 tons $4,000 lbs.)
of Lake Superior copper at ICY cents per
pound, or f7S.7.6 per o with TX per cent.
discount. After crediting the producing
companies with one-half the excess real
lied over ID cents per pound. this will leave
the Syndicate a profit Of about fS per
ton.
It appears hat the fire in the Calumet
and Hecla mine will not interfere with the
delivery to the Syndicate of the maximum
quantity Of copper the company are al
lowed under their contract to produce,
this being obtainable from the South Hecla
shaft, which has no underground connec.
ton with that portion OF the mioe which
is on fire.
1t is reported hat the Anaconda Com.
ro-. 10 no salI - fha Gunlsoaf "a THAR mac
duction for the first six months OF next
year at 10 shillings per unit. In Montana
it is rumored that next year the Anaconda
Company will begin preparations for doubl-
ing the capacity Of the smelling plant, en-
abling it to treat 5000 tons of ore per day.
1t is stated that the stock OF copper on
the United States seaboard is at present
about 15, 900 tons 2,240fbs) fine, consist
ing Of 5000 tons Lake ingots, 1000 tons
Arizona and other ingots and bars, 5000
tons fine OF Boston and Montana matte,
and 1000 tons fine OF Anaconda matte.
The visible supply of copper has increased
1883 tons during the past fortnight and is
low 100, sos tons against 43.677 ions a
year ago. Imports to date this year are
1876 tons greater and deliveries 1925
toms less than last year.
Arrivals from the United States have
been Lis tons fine here and Swansea, and
in France, and from Chill S65 tons here
and It's in France.
Chill charters for the fortnight are 1900
and the closing rate Of exchange is
,8k pence, bars being quoted at $27. 20 per
Quotations to day are: Chilli bars and
God merchantable copper EFT los. cash,
md ELS three months prompt. Ore OF
God produce las. -7dH. and matte los. per
init. Best selected f79 to ESQ per ton in
birmingham.