The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-09-02
ZINC AND LEAD REPORT.
Hitch in the Plan to Export Sur
plus Ore.
REPUBLIC SPECIAL

REPUBLIC SPECIAL
Joplin, Mo-, Sept. 1.-Because there are Il
per cent of the producers Of zinc ore in the
district who have so far withheld support
from the Missouri and Kansas Zinc Miners
| Association, In its efforts to export the sur.
plus ore of the district. the matter must
I remain unsettled for some time yet, and
because 1t Is in this unsettled condition the
purchasing agents are able to bear down
the price. the surplus regulating the amount
paid.
The associations plan to export all the
surplus ore Of the district has the support
Of mine owners producing 20 per cent of the
output Of ore, but 1t is figured that the
movement cannot be successfully launched
without 50 per cent sign the contracts agree
Ing to sell TO the association as much aS
one-fourth of their ore for export.
1t il estimated that this amount will cover
the product Of ore during a year that Is
in excess of the consumption Of metal In
the United States. 1t is hoped by the ex-
portation Of the ore, rather than the metal,
that higher ore prices can be maintained,
and that metal will be relatively higher.
1t Is in one sense a trust. yet not presenting
the pernicsous points of the great COM
binatl0ns i'll the manufacturing industries.
1t js more of a community of interests
proposition. whereby land and mine owners
will endeavor 10 secure a remuneration for
their labor In accord with the risk taken.
As an example of what Is being done by
the metal manufacturers to the mining In
dustry a comparison OF the increased sales
over last year and the decrease In the total
value ta given:
During eight months of 1890 there were
soid lsi.sdo tons of zinc and s,0S2 tons Of
lead. ana during the same period of 1901 the
safes aggregated la. $50 tons of zinc and o.
lo5 tons of lead, an increase or l1.051 tons of
zinc and 5,lO3 tons of lead. yet the value
was Sl2S.23 less. Zinc averaged during the
eight months of last year S27.4 per ton.
The association believes that the export
plan carried into effect will create an av-
erage price close to $50 q ton.
August sales in the district aggregated
26.l67 tons OF zinc and 1906 tons of lead.
which sold for 500, SEQ. an increase of 1A0
same five weeks of 1909. but the value was
sle.2S2 less. The past weeks sales were q
decrease of ll5 tons Of zinc, an increase of
166 tons of lead, but In value s2,S29 less than
the same week of last year. Compared
with the preceding week it Is indicated that
the ore they can get cars to load. at the
prices being offered. as there Is All increase
of 2i5 tons of zinc, tons of lead and in
value s6.l79.
The highest price offered for zinc ore last
week was Sc a ton, but some ore was set
week. The assay basis was continued at
SO for 60 per cent zinc. with advance at
the rate of 81 for each unit above and de-
auctions of Il for each unit below 90 per
cent: also deductions OF 81 for each unit of
iron contents and for moisture in the ore
ore remained for the fifth week unchanged
at SS.S Il ton.
Following are the sales in pounds from
the tracts of land owned or controlled by
the companies and individuals named for
the week ending August 81, 1901: