Bisbee daily review., 1904-02-19
MARKET CONDITION.
Outbreak Of War in East Has Had its |. Effect on Demand for Red Metal.

|, Effect on Demand for Red Metal. The following Is report cn the conditions of the metal market during the week. the report being published in the current issue of the Engineer ing and Mining Journal;
 The metal markets have been rath- CT quiet during the week, but toward the close showed increased. firmness, due to various causes.
 While the volume of business act ually done in copper has not been large. there has been more inquiry, and consumers at home begin to show a disposition to stock up at the lower prices Foreign buyers are also showing increased interest in the mar ket. and some orders have been re- ceived from abroad, showing that the large business recently cone has not fully satisfied demand. The outbreak of war in the east may be expected ent, but hme is not. as a rule able to for copper in the manufacture of war material; while experts from Japan may be cut off for the time being.
 Tin has been somewhat lower. with moderate fluctuations. Here also the eastern war may have some effect. The recent speculation which carried up the price of the metal, was conduct
 ed chiefly by Chinese operators, and
 they seem for the present to have re- tired from the market, owing to dis
 turbed conditions in their own coun- | try.
 Lead is firm at the prices recently
 established here Abroad there has
 been a sharp advance in the metal, ] which is also owing to the war; but this has not been followed as yet by
 any advance here, though it is quite
 possible that one will result. Spelter is firm and in somewhat bet ter demand. Business, in fact, is
 very good for this time of year. In the Joplin market prices for ore have been well sustained There is very little surplus now remaining in the district, the severe weather having
 stopped work at some mines and re- stricted production.
 Silver is somewhat higher, and de- mand for the metal seems to be very fair. There have been no more pur- chases for Indian coinage. but buying for India on private account is good.
 There has been some demand for Mex
 ican dollars for shipment to China The iron market continues in somewhat uncertain situation. A lit
 ished material, especially in bars, is noted. There has also been some de-
 mana for structural material, mainly for delivery in the second quarter. | There is some speculation as to the probable call for structural shapes. which will result from the Baltimore | fire, but this does not seem likely to
 cause any strong immediate demand. ! On the other hand, the pig iron mar
 ket is disturbed and lower prices have again been established. Pig iron of
 all classes has sold in Pittsburg at
 some reduction from recent quota tions, and there are also rumors of
 cutting on southern iron. It is also | understood that sales of steel billets have been made in a considerable
 way at g or s3 below the pool prices. The western coal markets have been irregular. owing to severe weath- en- causing large domestic demand; to
 an increased, demand for steam coal from mills and factories, and to ir-
 regular deliveries and disturbances in ! transportation resulting from storms and cold weather Another confer ence of miners and operators will
 probably be arranged for shortly, in order to establish the mining rate for the coming year, and it is hoped that this time an agreement may be reached
 The Atlantic seaboard bituminous trade continues quiet there being lit- tie increase in demand. and the move ment of coal at shipping and receiv- ing ports being hampered by the weather.
 The anthracite trade is active in a
 retail way, while wholesale buying, though of better volume than it has been. is hardly what might be expect ed from weather conditions.