OCR Text |
Show Breakers Ahead. The local lead market con ti nuts very Much unsettled, with a downward down-ward tendency, which is very dis oenraging to ore buyers and pro ducers. Several sales ol large lots ol ore are reported at $1 per ounce for the silver and nothing for the lead, although some lots sold contained as high as 40 per cent. lead. The ore produeera cannot stand that kind ol thing very long, and should tho present pres-ent stringency in the lead market continue, the consequence will be the closing of all low grade mines in tbe territory. This will necessitate tbe shutting down of Bnielting works also, a they, or al least a majority of them, are ereo now carrying more lead bullion than they can well afford, considering the state of their finances. |