, 1889-02-14

| assistant cashier Of tho Commercial Ma
tioDal Bank com inItteL sucidr ai his nome
shortly after midnight. Cause unknown.
THE eKEAr COp"gR SYNDICATE.
Assurance. That u 10 All isisht-rh. New
Metal Rank In London.
The statement by cable from London
that the great French copper syndicate had
refused TO buy any more copper has
greatly stirred up the corner people.
The French syndicate, IN effect. con-
United States for three years vt an aver
age price OF l3 cents pouud. The syndi-
cate organized eight months ago, and some
Of the biggest bankers In London. Paris
and Berlin, aud few In New York city,
are said TO be concerned Ia the success OF
the venture. Il will be seen that the con-
tracts between the mining companies and
the syndicate have yet over two years to
was approximately over 255 600 tons. All
OF this the syndicate has Ueen compelled
to take. It representa- largely increased
production, which II 10 declared resulted
from the formation OF the syndicate. Al.
though, copper at the time the syndicate
was formed, was selling on an average
basic Of 16 cents q pound. the mines con-
tracted TO cell their copper TO the syndicate
for IS cents q pound.
According to the statement OF the min
ing companies this 10 fair profit on cop
per. and this conclusion Ia responsible to u
great extent for the increased product
which the syndicate has had to care for.
The importance OF the refusal OF the syn
dictate to buy any more copper IL thus clear.
ly seen. 1t was said that the refusal Of
the syndicate TO buy any more copper was
nothing else than an admission that the
| k.tpa Ind faSlad NAnnor M
home and abroad declined rapidly after
the announcement, but have since recov.
cred. The establishment Of metal bank
in London by the syndicate has been va
riously commented upon during the week.
It is not yet fully organized, and people in
the copper trade do not seem clearly to
understand the prospective functions Of the
bank.
IL was the general opinion that the cop
per syndicate had big load 10 carry, but
the majority opinion was that IL had
enough money to pull through, and that
the organization Of the bank was TOR tho
purpose of securing additional financial
! aid II necessary.
| A gentleman who IL familiar with the
affairs of the syndicate said that the indi-
cations were that the syndicate had cuff
out its contracts With all producers. IL was
even said that the organization OF the
bank was evidence that the syndicate
would renew its contracts with the com.
panies, though doubtless on the basis of q
reduced production and reduced contract
price. All the copper men spoken TO said
that the syndicate had stimulated produc.
tion until 1t was far In excess Of the pres
ent consumptive demand. They admitted
nation of the syndicates plan and profit
from this fact; but they counted good
deal on the organization Of the bank to
| obviate this difficulty until the new con-
tracts could be made with the stipulations
for reduced production at lower prices TO
the syndicate.
IL Ia said the bank will have capital Of
$50. 900. 900 and fifteen directors. repre-.
senting the mining Companies and the
bankers interested in the syndicate. An
advisory board will be established, Il il
said. in New York. and efforts to conciliate
manufacturers will be made. II was stated
that the syndicate had refused credit TO
some of the manufacturers who had been
accustomed to buying on accommodation
before the syndicate was formed. The
syndicate people or those who spoke for
them said that this had created an antago-
nism which should be avoided. All said
that the syndicate would not attempt to
squeeze anybody, and 1t Is difficult to SEQ
how they could, as long aDthe consump-
tion is much below the production. e
Long Felt Want Supplied. ~
Parties desiring typewriters and type
writer supplies have long felt the need Of
a depot where they could be supplied.
The want has just been supplied 10 the
establishment of frst.class office and
salesroom at 2l5 East Riverside avenue.
Mr.. +. s. George, the proprietor, states
that he keeps a number Of Remington
typewriters always in stock. and carries a
full line of typewriter supplies, such as
fine linen paper, ribbons, carbon paper.
note books, covers, desks, and. in fact, all
kinds of typewriter furniture purchased
direct from the manufacturer. II you
want to buy, rent. exchange or sell type
writer, or want any kind Of supplies Give
him call Mr.. George IL exclusive dealer
in Remington Standard Typewriters for
Washington, east of the Cascade noun
tains, and the panhandle of Idaho. Or
ders outside the city will receive prompt
attention. Write for catalogues and
prices. 1t'' lo
A Truthful shespherdsr's Story.
| A gentleman in Portland has an interest
In sheep ranch up here in Eastern Oregan
ana the other day his herdef wrote MIN q
letter. After stating that the weather is
tine, grass good and that no feed had been
used, the writer of this letter goes ON to tell
OF the sagacity of his sheep dog. He says