The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1909-11-06

linz W Is NAlED
FOR HIGHER PRICES
Il shall not be at all surprised to
zee spelter sell at $3.50 per 100
pounds, for the reason that l do
not believe there is a 80 days sup
ply Of zinc ore on hand in the
United States at the present time.
Loper, formerly of New York
and now resident of Spokane, and
and managing director
Of the Lucky Jim zinc mines, linn
tied, operating in southeastern Brit
ish Columbia, said this in Spokane
during stay of few days on. the
way from Denver to Kalso, B. c.,
in regard to the remarkable condi-
tions now existing in the zinc In
dustry, and the extraordinary advanc-
s in spelter, he said:
All settlements made on shipment
OF zinc ore are in generald way ac-
Unstable on day of arrival at smelter,
aasal upon the current quotation at
ST. Louis. In March of this year. at
which time our mines were purchased
BY the present corporation, spelter
was quoted at $4.60 per 100 pounds,
st. Louis. In the interim the Payne
bill became effective Aug. s, and i'm
posed duty on zinc ores of cent a
pound, since which time the advance
In spelter has more than absorbed
duty, owing to the fact that current
quotations indicated they were bid
ding at st. Louis $6!5 per 100
pounds.
There is nothing extraordinary in
this fact, as it is merely occasioned
by the laws OF supply and demand,
and ] shall not be at all surprised to
see speitei' within tbs next 80 days
sell at $3.50 per 100 pounds. After
careful investigation, am prepared
to say DO not believe there. ii ii
the present time d SO day supply 81
= Z = he boundaries
NEW USE OF ZINC
Reports indicate that both France
and Switzerland have enacted laws
prohibiting the use OF .ead pigments
for interior decorations within their
boundaries, solely for sanitary pur-
poses, in consequences of which the
industy naturally turns to zinc pig
ments. There is no doubt whatever
that this action will be followed by
all other foreign governments; like.
wise by the Canadian provinces an
the United States.
London quotations indicate an adj
vance in spelter beyond what was
anticipated, and their parallel short.
ages of zinc ore seem to indicate that
it will be impossible for the United
States to look in that direction for
any additional supplies.
I'm addition the celebrated Broken
Hill (Australia) mines, from which
larges sources of supplies have been
withdrawn report that the output is
on the decline, owing to the fact that
reports mention they have not in
sient their previous estimated bodies
1T ore.
Il have every reason to believe
that the future demand will exceed
the supply, the result regarding which
| am unable to prognosticate can
however. state that in the history OF
mining there has never been an oc.
casion regarding which the mining
end can so absolutely dictate it's own
terms to the smelters, in view OF
which can unhesitatingly predict
that zinc mining will be come most
Important.
RIMARKABLE EXAMPLE.
''in regard to zinc ore and the re-
cent tariff imposed thereon, we have
q most remarkable example that. no
legis alton can overcome the laws OF
supply and demand, as In all other
cases the consumer pays the bill,
as hest SET forth by an advance in
spelter, which more than compensates
for the present existing duty.
That present prices are stable is
best borne out by the fact that our
corporation can enter into three
years contract. We are rapidly maxi.
in prepare tions to bubble our ship
NETS"
Charles Eithei and family having
"isposed OF theii residence, depart
Tipst.ay ntt.slinc Mr. Rithel was