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Show The Lead Market. During the last week lead has taken rather an unexpected turn downward, and sales at New York have been made at $4.55, while. $4.50 is talked of as the price in the very near future. Other points have sympathized with the Eastern East-ern rates, and at Chicago $4.30 has been accepted, with St. . Louis down to $4.25. So far as can be learned the main cause of the decline has been the conviction of buyers that lead is to be lower, and their consequent withdrawal from the market. This action being repeated all over the country is equivalent" to : putting 6,000 or 8,000 tons in the market, and has precisely pre-cisely an analogous effect.: Supplies remain re-main very largely in the same position as heretofore, and we are forced to believe that a reaction must soon occur. The arrivals ar-rivals of lead at New York at this time are remarkably beavy for the season, and this may in part cause the flurry." The foreign market remains steady at 12 10s, or $4.80 duty paid in New York. |