Show LEAD quotations QUOTATION the following note f from roria the secretary I 1 of the iho new york metal exchange explains itself and will be ba read nead with in I 1 detest by the ore brodu producers e of f U utah ers oot lah new york ll 11 16 aw editor of the he daliy tribune salt sale lake dilg city U utah t ah dear sit ir 1 I ant am in receipt itogay tolay bolay of two marked copies of youri vali diable paper for which please accept my iny allow we me to correct some aonie of the state I 1 ments tit in ithe several sev crat marked articles our rules rulea for far the mews are not ca blushed bli shed at our annual meeting each year i i the lead rules were established about a 0 0 ut twelve years ago affo and have been 1 0 u revised to meet tire the changing modes of doing business the last revision was adopted by our board 0 t managlia man ageia last Ibi february uary and went iwo force march 1 1891 I 1 take taice great pleasure lit in sending you a copy of these rules irom which you will see that the regular contract Is 13 forgone I 1 1 carload lot of abou aboul l pounds in conj coni for nifty with the new mew york cu custom storn of I 1 1 dealing in lead this though does not I 1 J prevent deaunes lt li larger qua qualities but 1 I 1 only putting pulling a lanill on oil the iho quan tuy my chat car can bo be dealt in oa the flair 0 of I 1 our exchange chanse ex i to correct the abuses caused by the so i cal called oil ofil onic elal tai bullon bullion price or of lead about a year ago asro 0 1 tried tf to have it made openly 1 on the r of this thia e exchange change but my iny i were in win I 1 then commenced to publish h this official bullion price daily 1 i underneath un 0 n c a tx the cal prices of Ws fills ex 1 change lit in our daly market to ie port part my IMY object una to show those tn in 1 I 1 ter eres eted the discrepancy between the ac I 1 I 1 marku mark and this self styled i bullion price j 1 last l ast jul july I 1 received le deeters tirs from rom some I 1 we chem ct tern em producers pro lucers luceri asking if it were ere truy true as stated in the west that this exchange agreed 1 I lareed with the brokers in tile the making up 0 oi the official bullion price 1 I othen saw the dibi dA dacier iier er or of even publishing this artle anti and 0 on 11 july I 1 bubli published shw the rollo vAng ski skie since e mav S alst the bullion price of lead has been quoted at 3 10 during which F period e r 1 0 i the actual market value has haa been car r a bove above that ligure As such an artall ulal quotation can 0 only aly be misleading yo v ill abol abstain min front froni quotin it any longer since tire orthis of this I 1 have haie wien no notice 0 of tills this false price if 1 1 the producers d uce cale caie to protect themselves I 1 there la only one way and that 11 ia to make their contracts or on the basis of the etoal market value which la Is dally daily by the public calls calla of this exchange the producers ought to ente enter into art an a rl affen leat with lie Sm shelters smelters elters for such it I 1 wl 1 between tile the actual price for refined lead and that for ore sit sat israel lory to boh I 1 should think that chat it such an ail amusement arring eident be entered into their tr transactions a n s a bould they then bo bit barred upon h hincel t business very truly V yours 0 urs C MAY vh secretary |