Bisbee daily review., 1907-12-19
STATISTICS OF ZINC ORE.

JOPLIN, Mo, Dec. 1S.-The highest
price paid for zinc ore last week was
$50 a ton and the assay base ranged
from s2S to S34 a ton for 60 per cent
zinc. The highest price paid for lead
ore was S42 a ton for a few choice
bins, while the ruling price was from
$36 TO $40. The price OF both ores
seem % be falling about 80 = week and
beth producers and buyers are begin
ming to wonder where the end will be,
and II certainly is a question, from the
present outlook of both spelter anG pig
lead quotations. The shipment last
week was: Zinc ore 1O,O5C, $50
pounds, valued at S15O,707: lead ore /;
COS, $50 pounds, valued at S33,373: COM
bined value, S1S4.OSO. The shipment
rCr tl2 o -:scEs Of lAis year wzs: Zinc
ore SO 24C.20) poGnds, valued at 912.-
1TC,5f5 lead GRE S1,2SS,63O pounds, val
C22Cl4. 1t is q foregOne conclusion
that the increase in total value this
year will not exceed 100000.
Several weeks ago mention was
mad Of a great number Of the mines
closing down in the sheet ground dis
triCt north Of Webb City and in the
Porto Rico and Duenweg sections of
the district. These closed down when
the price of ore, that is the base price,
went below the $40 mark. The price
has steadily been dropping and now
and then another mine would close
down. Last Saturday night saw a big
lot of mines close down, Last SatuT-
day night saw big lot Of mines close
down, and if the price continues to
fall, the first Of the year will see all of
the big producing mines down. The
Federated Mines & Milling company,
owners Of Is mills, two OF which are
leased cut, shut down 10 of the II they
are operating last Saturday night.
They were the Thomas D. at Badger,
Louise +. and William z. west Of Jop-
lin, Mandarin at ChitwoCd, George II.
and Goodrich at Prosperity. Lelah at
Alba, Julius s. (tTo millsl and the
Square Deal at Neck City. Their Al
len, Sr., mill at Alba is operating on
tailings and will nor be closed immedi-
ateIy. Tho Old Dominion Mining COM
puuy. Up5. atiHs a. C:::::':: Grille and
10Tt0 Rice. closed down three mills
The ChicaSO-JOplin and the Swayback
at Porto Rico are closed. The old Ma
jestiCe, now known as the Randall Min
ing, also was among the closing. The
Gibson, another big producer, also
closed Saturday night. These will re-
strict the production between 400 and
500 tons weekly. The American Zinc, /
Lead and Smelling company, operating
five mills at Webb City, and by far the |
largest producer of the entire district, |
will either close down the end of the |
year or require another reduction in |
the wages of the employees. A 10 per |
cent reduction was made the first Of
this month. There are now about $500
tons Of stock in the mills, and Of this
amount B. C. Aylor at Webb City, has
1900 tons, and there are 1000 tons at
Cranky belonging to hte CRANKY Min !
ing & Smelling company. The closing /
down CT these Is mills and mines has
laid of about 500 more men to the al
ready large number that were thrown /
out OF employment by the previous
closing down of mines.
One effect the low price of both zinc |
and lead ores may have will be the re-
Of the basis for royalties /
all over the district. For several years !
there has been much complaint by {
and mining companies that
the land owners and first lessees
too high rate of royalty.