Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-03-29

1ShsSs
Anything relative to the present
status OF the lead market is CT interest
to our producers, and in this connec-
ton we reprint the following from the
Mining and Engineering Journal. 1t
says: "a number of estimable gen.
tlemen who reside at or near st. Louis,
seem to imagine, as We have several
times had occasion to report in these
columns, that, by a stroke of the pen,
they can regulate the price of lead for
the whole United States. They have
held meetings and agreed among
themselves that the present price of
lead is outrageous, and that there is no
valid reason wby-if they would all
say so together-they should not make
consumers and dealers everywhere
actually believe that lead is net so
abundant as they thought it was, and
to persuade them to pay more for it.
We have before us a circular issued by
these gentlemen on March 8, in which
they stale that they have formed them
selves into an American Pig Lead
Association and they ask all dealers
or producers of lead to join the same
and pay for this privilege twenty five
dollars each.
The members who sign the articles
of association bind Intensely es-under
the penalty Of being turned out of the
A. z. L.. Association to sell no lead
at a less price than that fixed by the
Executive Committee of said associa-
ton.
Provided, that the lowest cash price
for first class corroding lead shall not
he less than four cents per pound in
New York, and that less freight to
New York and other points. Other
than flrst.class c%orroding lead to be Is
cents Ter hundred pounds less than
this. The committee t o fix prices on
the 18th OF each month for the sue
ceeding month and to notify each men,
Der OF the A. =. l.. A.
Provided, that this agreement shall
be signed by all producers in the Unit
ed States who produce annually as
much as one hundred tons of lead, and
by all persons now holding as much
as one hundred tons of lead otherwise
than as manufacturers or consumers.
This movement will never pass be-
yond the stage of a meeting resolu-
tlon.' The fact is apparent to all out
side of st. Louis who have studied the
question, that the limit to the
decline in lead will only be found
when we find foreign market for our
: urplus, and no amount of combina-
ton can advance prices here till that
has been secured. The gentlemen
who have resolved so many things
according to this circular, had better
resolve to secure greater economy in
production and transportation, and
carry into effect the only sensible reso.
luton passed at The meeting referred
to, viz: 'to investigate the question of
immediate ex pOrtation of the lead to
China and elsewhere We have rea
son to believe that some of the largest
Missouri works car produce lead at IA
cents per pound, and are expecting to
make further economy. This of course
does not leave profit to the works, but
it is sufficient to show that even when
the export figure from 3A to 3Hc) is
reached, Missouri can still maintain its
own in the struggle tor the prize.
The rapidly increasing production of
argentiferous bullion in Utah, Colorado
and Nevada, where the ore is treated
for its silver alone, and where the silver
Is made TO pay, in part or altogether,
The freight OF the lead TO st. Louis, and
ever to New York. is an element in the
lead market which can o be con
trolled by any combination, and which
mas to be met in a more practical form
than a set of resolutions decreeing on
pa per a minimum price for lead.
This, indeed, seems to us to be the
very key to the lead question. and it is
pure folly to ignore OF belittle it,"