OCR Text |
Show Lead Is Still Strong. Lead has somewhat altered during the past week, and from all accounts it would appear that a strongly bearish influence is at work striving to depress prices. The only valid statistics which can be pressed into that service are the possibility of liberal shipments over the next six months from Eureka of the six to eight thousand tons surplus of the Richmond company. Of this nothing definite can be known until. after the trial of their suit with the Albion company, set down for November. Prices have dropped to A cents, both at St. Louis and New York, and the sales foot up nearly three thousand tons for November, December, January,. February, and even into March, begin-at begin-at $4.15, edging down to $4.10, and clos-ing clos-ing for the bulk of the above named lots $4. The position of the article in point of fact has in no wise altered. The production produc-tion of the country is at the present time less than the consumption trade is excellent,' ex-cellent,' both East and West nothing but sheer manipulation can drive the price much lower and the fundamentally Btrong position of lead must soon assert itself and re-establish better rates in our opinion. ' . |