The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-11-30
LEAD COMING Up
ADVANCE GRADUAL
Increase viii Act as EnG0ur-
aging Factor to Many
Utah Mines.

Leads rise OF 81 a ton, TO a A cent
a pound basis. msteriaiized somewhat
suddenly as on the day previous Ma
uOnal Lead company reduced the price
OF white lead cent a pound, a some
what surprising move, in view or its
affiliations with the Guggenheim in
terests. SAYS the Boston News Bureau
The National is the largest cuStOmer
OF American Smelling 4 Refining COM
pany, and handles between 90 per cent
ard 20 per cent of white lead business
OF the country, as well as a large busl-
ness directly and through its subsi-
diaries in other lead products such as
pipe, sheet. shot, oxides, etc.
Lead production in 1909 was 922 206,-
900 pounds. and in 1908, S27. 1856. 600
pounds. both of these totals including
lead smelted in bond. According TO
President Daniel Guggenheim OF Amer
lean Smelling 4 Refining company,
American Smelling Securities company
is now producing al the rate Of l52,-
100000 pounds per annum and the
American Smelling x Refining com 70
pany Az, 800. Oe0 pounds, 50 that total
output Of both concerns this year is
expected 10 approximate 100000, O00
pounds Exactly what proportion OF
this is from foreign ores and bullion
is difficult 10 estimate, though by far
the larger part OF all bonded lead is
produced by American Smelling < Re
fining company
Production of lead by these TWO COM
panies is partly from owned and con-
JrOllcd mines, but more largely from
custom ores, bought IN the open mar
ket or on time contracts, on The basis
of market prices for metal contents at
the time of purchase.
Much TO SmeIters.
Estimating cOnservatively one quar-
ter OF the ore treated in process AT
all times, the rise in lead if the ad-
vance proves sustained. means addi-
IiOnal profits 20 Smelters and Securi-
Tics II ana 81 tttff
SHELTERS receiving about Sl1S.O0O and
Securities $50, 600. As Shelters earned
somewhat more than SlOO0,OUO last
year before dividends. and Securities
about $5,653 00O. additional profits from
leads rise Of lie cent a pound will
not affect this years earnings 10 any
considerable degree. An advance OF a
cent pound. however would mean an
additional income OF something like
Sl,5O0,0O0 to the two largest smelling
and refining companies.
Conservative trade authorities look
upon rise OF a cent pound as I'M
likely. al least so far as the imme-
diate future Is concerned. General
opinion is that supply is equal TO de-
mand. There is a large accumulation
OF lead from duty paid ores and bull
lion. now lying in government ware
houses at various points where smelt-
ers are situated.
The highest price paid for zinc sui
phide ore in the Joplin district during
the past week was S51 per ton, on a
base price of s4S per ton of SO per
cent zine. Zinc silicate ore sold on a
base price of S23 10 $40 per ton of 40
per cent zinc. The average price all
grades Of zine ore was S43.7S per ton.
The highest price paid for lead ore
last week was $50 per ton, and the
average price. all grades, was S55.64
per ton. The zine market was stronger
again last week, the base price advanc-
ing TO S4S. Two choice bins OF ore in
the Webb City camp were sold at that
figure. Most OF the ore sold last week
was on a SIS TO $3.50 base. Lead was
also stronger $50 being paid pretty
generally all over the district.
Utah's lead production is from $4,000
to 10000 tons a year. It's zinc output
is about 1000 tons a year. As stated
in Yesterdays ald-Republican, the
recent increase Of 10 cents a hundred
means $4,000 to Utah lead producers.