Salt Lake Herald | 1890-10-19 | Page 2 | Lead and Silver

Lead and Silver Notwithstanding the fact that the New York Engfnfccriiiff andHintug Journal quotes lead in that 7O5iO the city at S570f5 O highest quotations received In this market during the week were 525 Of the present condition con-dition of the New York market and the market outlook the same authority says Th firm feeling for this metal continues and the scarcity already reported is moro marked than over and has now reached a reaced point where It is almost impossible to buy even one or two carloads Consumers Con-sumers need ali they havo and that J is very limited a they have not been buy N lug freely at the advance not thinking that the condition would be such as it has now proved be The same state of affair prevailsthroughout the west and prealsthroughout prompt delivery lead is unobtainable We have no doub that with no lead coming in from the west and near shipments from Europe being taken care of and not for sale the market is very likely t experience a further advance and not only this but consumers may find it a most difficult task t cover their wants unless they do so in reasonable time Our advices from abroad are abDut to the same effect no metal being be-Ing obtainable there for immediate and very little for October shipment and what there is for such shipment will certainly cer-tainly not go forward until the end of October Oc-tober so that the lead will not rearh hero before the latter part of Novembar Prices here for spot have advanced to 690c and nothing is to be had at that price For November 570c is bid and there areno sellers below 6c I In St Louis little freer effering of spot lead has been noticeable andthe indication W3 that consumers will have less difficulty in tue nearfuture to be supplied for their current cur-rent requirements Still the spot article is scarce and brings p decided premium over lead for deferred delivery Spot lead is quoted nominally at S535540 whereas November and December lead has been of fared and not taken at 505 In Chicago there has been an increase demand at this centre for lead particular for spot delivery and sales foot up close t SOD tons atS35550c the latter price for spot metaL The closing is very strong at 550c and there is very little lead offering at that price In Salt Lake the metal opened on Monday at evening 525 and closed at the same figure lat Silver opened at 5110 dropped to S109K fL0 rose to i0934 and remained tli the latter figure lttr fgreRich