This invention is related to the preparation of an elongate conductor having a silver sheath, and a core of an aligned polycrystalline oxide superconductor having the approximate formula Bi.sub.2-x Pb.sub.x Sr.sub.2-a L.sub.a+b Ca.sub.1-b Cu.sub.2 O.sub.y where y is from 7.5 to 8.5, and L is a lanthanide. A powder mixture is formed comprised of a first portion of a superconducting bismuth oxide compound that can be reaction-sintered to form the core oxide superconductor, and a second portion of oxides suitable for reacting with the first portion to form the core oxide superconductor. An elongate body is formed having a silver sheath, and a core of the mixture. The body is deformed to align the first portion, and heated to reaction-sinter the first and second portions to form the core oxide superconductor.