The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-02-21
The Conner Market.

From the Engineering and Mining Journal.
Trade has been rather dun in all directions,
and copper especially suffered, as the demand
continued to be rather weak, and the larger
companies, who have so far held for loc., found
that they were able only now and then to take
small retail orders, but nothing in proportion to
their production. The demand from Europe.
where prices are consider ,bly below the parity
OF those here, has been almost NIL, and the few
sales which were made abroad, principally for
electrolytic copper, could only be effected at
heavy sacrifices in the price, while Lake for eX
port is practically unstable. The Calumet &
IIecla company has now reduced its price to
91fc, and 1t is expected that at this figure will
be able TO sell quite freely, or course the other
companies nave had TO follow. and somewhat
earlier in tho week several lots OF copper sold
for account OF the small producers or from sec
ond hands, at .. sOG9S5c. We have now to re
duce the price of electrolytc copper to 9is0
9ssc, and for casting copper TO 99sU9lSc, The
consumptive demand for copper must be called
rather irregular, and the larger consumers are
buying only very carefully.
Exports for the first half OF February are
somewhat lighter than during the few previous
months. being 1850 tons, which Is easily eX-
planned by the fact reported several times that
European prices were lower than on markets
here. II may be fairly assumed that at the con-
cessions now made a larger business will de-
| velop.
In Europe trade has also been dun, inter-
rupted partly by the extremely cold weather
| and the difficulty OF making shipments, but in
| general q slight decline in fine copper took
place. G.. NJ. B. s dropped early In the week to
| $50 los, but at these prices there was better
| consumptive demand and the market closes
quite firm at e39 lOs.GG39 12s. Cd. for spot, and
| IS GdIhigher Tor three months prompt, while for
refined and manufactured we quote; English
| tough, eI2 5S.@ei2 TO-; best selected, Gi3 15s.
| ali Is F.: strong sheets, $50 los. a e5l; India
a. , ynlln nfa1 4 aid
Recent sales OF furnace material in England,
| as reported by MessTs. James Lewis & Sons
| circular, are noted as follows: 100 tons Portu-
guese ore. per cent, at Z. ID. per unit; 30 tons
Mexican ore. 20 per cent, at as. lOsd. per unit
| 800 tons Norwegian preciptate, ~ per cent, at
| SIS AID. per unit; i6 tons Cueva precipltate 40
| per cent, at Is 9d. per unit.
| Exports from Chile for the year 1894 are estl-
mated at n, 3Si tons fine copper, against 81 ,3iS
| tons in 1893 and o. COL tons in 1892
Imports of copper in the United Kingdom for
the month OF January were $50 tons, of which
4,i2G tons were American. i,4s5 tons Chilean,
| and 3759 tons other sorts. The exports were
slightly below those OF January, 1894, which
were 9,975 tons. The actual deliveries in Janu-
| airy this year arc estimated ut 9.5S6 tons and
| the visible supply on Feb. az 5i,SiS tons, an
! increase Of iSI tons during January, but 1904
| tons greater than at the corresponding date
! last year.
The following figures give the production, in
tons of 22iO pounds. of copper in the United
! States, and also by the chief foreign mines
and the exports from the United States, fol
| January:
-January.-
Production fine copper, long
| tons
1891 1895
Reporting mines in United States lO,Ss2 1909
| Pyritcs and outside sources,
United states ................... 1,3i0 100
Reporting foreign mines .......... Gas G75
Total production, long tons ..... 1887 1874
Exports from United states, fine
copper ...... ................... 6,SS3 ia
The production for the month shows ittl
change from last year, the increase being on1
ii6 tons. orO'6 per cent. There was a gain o
.Gl tons, or IS per cent, in United states eX
The exports OF copper from the port Of New
| NorS during the week ending Feb. IA. iSa5, a
reported 10y the New York metal exchange
were Is follows.
| londOn-tireece... ........... % ton
liverpool-BoNic ....:...,.......f lgs $50 -
Naple,-kromp. Fr Wilhelm. Ingots 20
BordeauN-Chatcau L1httc.....P PIGS 100
..... Plates 90 &"
Swausea-ENetcr ............... Bars 100 "
ACKNOWLEDGEMENTS 5000. Ingots 800 Z"
90 ....... Bars 20 4"
Figs %
! Hlmbur--Patria ...... .......... %
Exports OF copper from Baltimore for IN
. week ending Feb 10. are reported by our spc
on. CORRESPONDENT as follows:
. Antwerp -p-r4nio -... $500 inEots $500 los
Morse KIM 90 bars El5I.l "
. I.mHur--t aIfO.u.a. gro cakes 4l.Ial &c
. Iul, makes go long IONS at copper aaI ton
matte from New Nogh, and zoo tom, of cope
I f.om Baltimore total OF l,isj tons oI cope
aud 90 tons OF matte.