The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-11-22
GENERAL METAL MARKET.
No Changes in Either the Silver or
Lead Quotations.

Both silver and lead quotations re-
NAMED unchanged yesterday from
hose of the day previous, the White
metal closing at 63 cents and lead at
the usual So.
A small American demand for con-
sumption and renewed talk Of peace
negotiations in the East depressed the
market for bar silver last week the
London market bought less and led the
declines in the price. Many brokers,
however, incline to a more hopeful
view of the market, apart from cover
ing by New York shorts. The low
price of silver has checked the produc-
ion in some districts, and resulted in
! diversion of capital to gold mining.
The proposed coming of British sill
yer dollar for the Straits settlements
md Hong Kong may also lead to an
enlarged use of the white metal in dis
riots that now depend largely upon
the Mexican dollar for their local cir
eulation. In the London silver market
much Importance is attached to the
war between China and Japan. 1t is
argued that, whatever the outcome Of
the contest, it will probably lead to
large internal improvements and the
establishment of increased transporta-
ton facilities in China, which will call
for an enlarged use of silver at least
ten1norarilv.
quiet, and not much business has been
doing, says the Engineering and Min
ing Journal. Consumers are evidently
anxious to buy at lower figures, but
find no encoura cement on the part of
holders. There are still a great many
rumors to the effect that negotiations
are being carried on to restrict pro-
duction between the principal pro-
ducers, but no definite news can be
gathered, and if negotiations are pend
ing, they are conducted in the strictest
secrecy. The event of the week was a
sale Of about 5000 tons of Boston &
Montana matte containing very little
silver, which material was put in store
here during the year 1888 for account
of the French syndicate. and it has
always been understood that there was
some litigation about this lot. The
selling price is IS. 3D., c. i. f. Liver
pool. and considering that the cost
price was at least 15s.. and that there
was about six years interest, rent, fire
insurance, etc, to be added, one can
easily calculate that hardly anything
VIII be left when the returns are made
Consumption of copper here is said to
be rather satisfactory. The exports for
this month are likely to be heavy, as
the above 5000 tons of matte, repre-
senting more than 5000 tons of fine
copper. will, we understand, be shipped
promptly. For Lake copper we have
still to quote 91hc.. but at this price the
principal companies are not in the
market. Electrolytic copper is worth
91 69Ssc.. and casting copper 9691sc.
In Europe the tendency was nat
throughout the week, and consumers
orders were rather scarce. The specu-
lative market moved within very mar
row limits, and closes dull at f42 It's.
Ga. Gf40 for spot and Is Cd. higher for
three months prompt. For refined and
manufactured we quote: English
tough, f42 los. 6f42 15s.; best selected.
f42 15s.@ f43 as; strong sheets, f506E51:
India Sheets f46@f46 10s.; yellow metal
4Ad.
Lead-The demand may be called
very good indeed. but is freely met by
producers and refiners. Active bust
ness has been done at 3B@3.15. As
navigation is now on the point of clos
ing and higher freights have to be
paid on shipments from the west. we
ought to see somewhat SITTER prices
in the eastern markets.
London has eased off somewhat, and
Spanish lead is quoted at 60 15s. and
English lead at 60 lis. 6d.@f9 1Ss. 3d.
St Louis Lead Market-The John
wan commission company Iele-
graphs us as follows: Lead firm at
2 92Ik. Trading light owing to limited
offerings. About 600 tons sold during
the past week at the above price Oc-
casiora''v a car of special brand sell
ing at 2.95c.
Spelter is fat and scarce. but pro
1ucers are vigorously resisting a fur
Their decline in price. and we have to
quote 3306D335 New York.
In Europe the market is lower, and
good ordinaries are quoted il London
at fla 5s. and specials at fla rs. 6d.G
GA los. This is quite serious decline
Quicksilver-There is no change in
this market. and quotations remain:
New York. s37; London, &c los. @f6 los
The receipts of quicksilver at San
francisco during October this year
amounted to 1850 TASKS. against 2,7ls
tasks for the same month last year
From January 1 to October 81, 1894,
total receipts were 20455 TASKS, COM
pared with 1859 TASKS for the first