Butte semi-weekly miner., 1889-01-23
LInERPO0L COPPER REPORT.
Stocks Increasing-Prices Practically Re-
manning Unchanged.

Stocks Increasing-Prices Practically Re-
naming Unchanged.
From the monthly copper report OF
James Lewis & Son, Liverpool, the follow
ing extracts are made, as showing the con-
dition of the market at the beginning Of
last month:
There has been practically no consump-
tive demand for English copper during the
past msnth, but the agents OF the French
Syndicate have purchased all the Chile bar
and good merchantable copper offered to
them at EFT los. per ton for immediate
cash payment and at f78 per ton for
delivery and payment in three months
time.
Smelters have shown little inclination to
purchase furnace material, being unable to
make sales of manufactured or refined
copp.r, except in the form OF good mer-
chantable, which is bought by the syndi-
added to the Liverpool and Swansea stocks
during the month, making the present total
of English G. M. C. 4, ,513 tons.
Two important sales Of American copper
have, however, been reported since the LIST
ultimo. On the one hand the Syndicate
have effected q sale OF about 10, 900 tons
| q. 900 lbs.) of Lake Superior copper to
American consumers, for delivery over the
first three months OF the present year, at
16k cents per pound, equal to f7S 7s. Sd.
per English ton, with ~ per cent. discount.
On the other hand, the Syndicate are
stated to have purchased the Anaconda
production for the first six months OF this
year, at the equivalent OF lbs per unit OF
produce-equal to about ESQ per ton for
best selected ingots.
The fire at the Calumet and Hecla mine
ia said to be under control, il not actually
extinguished.
The imports into England OF Anaconda
matte for the twelve months have been:
1886, 1914; 1887, 1889; 1888, 1875
tons q, ,24O lbs.) fine.
The present stock OF copper On the At
lantic seaboard is advised to US as: Lake
Superior, $500 tons $1,000 lbs.) fine;
Arizona, 6, 600 tons q. 900 ibs.) fine; Mon
tana matte, $500 tons $1,000 lbs.) fine;
other kinds, 1900 tons $4,000 lbs.) fine;
total, 20. 900 tons. $1,000 lbs.) fine.
We estimate the quantity OF copper at
present held by the French Syndicate in
public and private warehouses and smelt-
ing works in England, France and America
at 10000 tons, representing cost oil
over tS.UUU,UOV.
Stocks show and increase of 5,61O tons
since the LIST ult., imports being 3S,5Os
tons greater to date than last year, while
deliveries are AZ, ,1O2 tons less. The visible
supply has increased 6,679 tons the past
month and 81, ,OO4 tons during the year.
The arrivals in England from Chile during
the month have been 1859 and the de-
liveries 1875 tons fine, and from other
countries 6,775 and 4,O94 tons fine, re-
spectively. Only 75 tons Chile bars have
| been delivered to consumers.
The arrivals in Liverpool and Swansea
from the United States have been 100 tons
ingots. 8, ,96s matte tincluding S,sss tons
lAnaconda) and 394 ore, equal to about
3. 5SS tons fine copper, and iu France nil.
The Chill charters for the month are
| 2, 900 tons. and the closing rate OF e1-
change is 29d., bars being quite nominal.
Quotations to-day are: Chill bars and
good merchantable copper EFT los. for
cash and S7S for three months prompt.
English best. selected ingots f79 los, and
tough cake f79 per ton. Ore OF good
] produce IDS. 3D., and matte los. per unit.