The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-08-25
ZINC AND LEAD REPORT.
Ore Market Continues Firm-In-
creased Production.
REPUBLIC SPECIAL.

Joplin, Mo. Aug. 24-The value OF the
zinc and lead ore sold from the Joplin dis
trict during the thirty-four weeks of this
year ending yesterday aggregates a total
OF S6,lT22 2so. reaching that sum seven weeks
value. is slO25,61 greater than the same
sperled of 1901. There has been 1872 tons
more zinc ore sold but 400 tons less lead
sold The average tins year has been a.
.2l0 tons against an average last year OF
4,g9g tons per week. showing weekly gain
of III tons in favor of this year
There is estimated TO be from 1000 to 5.
so tons CT reserve ore in the bins of mine
owners. a great deal Of which IS held for
p $40 market. The reserve stock is lar
ger than has been usual for several months,
but 1t can be explained from the fact that
some smelters have not been buying 50
heavily on account of repair season lay
Ing some Of their furnaces idle. To this
must be added two more disabled by the
down furnaces of the New Jersey Zine
Company.
agency ar" urging that the reserve stock
is growing large enough TO become
menace. and that there is less demand for
Missouri ore because a quantity steadily
growing larger. is being drawn from Colo
RADIO. But this same line of talk wss
brought oct last spring to break up the pro
have paid as high SiJ for Gre. Producers
are prone 10 lock upon this line of talk
as sd merely ely in6ie1ting m hope that zinc On NOR, ore
likelihood of such a change II the action
of majority Of the purchasing agencies
IN buying heavily at present prices is in
dicative of anything. It assumed that
The smelling companies back of these
ageucles are preparing another trap for the
grnelters that are buying short. and that
another coup will be played TO force the
shorts 10 buy long. on higher market.
The metal market continues. most salts
factory TO the producer of ere, as well as
the producer Of the metal. The quotations
of $525 st. Louis and $3.50 New York. on
SPOT spelter are considered a very healthy
market.
vent one bin of ore being purchased at an
advance of so cents. raising the top price
that much above the previous week. The
price set on this bin of ore Ir this weeks
delivery was $3.50 per ton. Medium to
choice grades are being bought pretty close
ging for these ores from $50 to S36 per ton.
Ores of under grade are not in so strong
demand. but this is believed to be the first
measure in. an attempt TO lower the market.
The price of this quality, ranges on assay
base at SS3 to $34 for 60-per-cent zinc.
Lead holds firm and unchanged, even with
the advent of buyers for the new Smelter
at Gslena in the market for ore. The price
was $40 per ton all week
During the corresponding week last year
the best grades of zinc sold at $3.50 per ton,
SIC less than last week. Lead sold then at
$3.50 per ton, $3.50 less than the past week
Compared with a year ago, last weeks
shipment shows an increase of 40 tons of
IS tons in lead. Compared with the preced-
ing week the shipment last week was an in
crease of 80 tons of lead. but a decrease of
"a tons of zinc and in value $9,3S.
Following are the sales in pounds from the
companies and individuals owning land or
of the Joplin district for the week ending
August g. 1902: