OCR Text |
Show High Prices for Lead. Lead has taken a sharp upward turn, and verified fully that our current production pro-duction is below our demands, and that we are at the beginning of a period of high prices for lead. The Denver Circular Cir-cular says the presumed "bear movement" move-ment" at New York proved to be only a cub and not a full-grown bear, for its strength gave out at the first encounter, and at last accounts no one could find hide nor hair of it. To the contrary, the strong demand had absorbed all that was offered and hungrily demanded more but the "more" was not forthcoming. At New York sales of about one thousand tons were made at $4.20,$4.35 and $4.45 for December and January shipment, mostly common lead, and about four hundred tons of corroding at $4.374.45, while spots were extremely short and taken readily in small parcels at $4.404.50. At St. Louis and Chicago the situation is equally strong, and lead has been sold there freely 'at $4.10$4.15, while the cable reports a strongly advancing market mar-ket in England, so that the lowest imported im-ported lead would cost $4.75, New York duty paid, thus marking the present limit of the possible advance here, and we repeat re-peat that miners can work diligently and have no fear of any slums in lead. |