Thecopper sit nation is still unchanged,^though a reduction in price ftXMsl 16 cents is^inevitable. The Kuginecrlng and Mining^Journal ^d the *\\U inst., in shaking ol the.^situation, among other things says: The^negotiations in Cans are still going on, but^the proceedings are kept strictly private^Ol course it is .pnte evident that no satis^factory arrangement has yet been arrived^at, but, considering all the circuuistan. ^ a,^a little delay is neither surprising nor dil^couraging to those interest* il in the settle^^ment.
Inour own market the principal event ot^the week is the aiiliouncemeiit that the^Lake companies, owing to a great Brla^^sure brought to iH-ar on them from all sides^to reduce the price of |r^ V- at which,^under ttie recent pool sab*, they contracted^to supply consumers up to May next, have^decided to cancel such contracts as tar as^applies to the unexpired term, but, at the^same time, they have informed the con^suim rs that they have no authority from^the sy ndicate to sell below that litfiire, and^will continue to supply such fiuantitles as^they reijuire at the price of )$lte. This^st. p has been taken hy (tie Cake companies^in order not to prejudice them in any way^in relation to their own obligations to the^French sy ndicate.
