The Calumet news., 1912-07-30
NEW RECORDS ESTABLISHED
IN PRICES FOR ZINC ORE
QUOTATIONS HAVE BEEN GOING
UP STEADILY AT RATE DOL
LAR EACH WEEK.

Joplin. Mo-New records in zinc oEe
prices were established again last week
when shipments Of hig grade zinc
blenee brought IN excess Of 500 ton
ON am assay cf se2.5O for ores CARRYING
co per cent metalic zinc. rhe basis
ranged down 10 about $50 and no; very
much sold at the latter figure. Pro-
ducers who could sell m the open mar
bet experienced weak frenzied Did
ding. every buyer being alert, every
smelter being In the market for all
the ore obtaiuable. And the producers
who can sell i'm the open market are
greatly in the majority Less than
] 001 tons OF zinc ore is being disposed
OF on contract, based on thu price Of
metal. and those who are forced 10
sell In this manner IRE getting as low
ss $50 for thcir output VA l9ll the
operators who sold on contract had
the best Of the situation throughout
the greater part OF the wear bur condi-
tions have changed materially since
then II Is not the fault o. the opera
tors that more CT them are not selling
ON contract they were willing. a year
ago 10 accept the conuacy then in
force. but the companies giving con-
tracts. OhserVine that the open mar
ket bids were lower by several dollars.
as general rule, than the contract
figures. refused 20 renew their contracts
when tney expired, and as result the
majority OF producers We're forced TO
place their output on the open market
Weekly shipments of ore are now near
inc the half million dollar mark in
valuation.
For the corresponding week ot 1911,
zinc blende brought $8S and Sl1.i0 a
ton basis with a top of Si3 Speltcr
was quoted az S5 60. THIS week 10 con-
unucd s;rous at s72O. East ST louis
figures, the highest in the history of
the Industry
Prices Still Goir1 U7.
Just when ore prices viii stop iE
their skyrocket ascent is prablcmatirll
For the past few weeks they have
been going up steadily. dollar week
untH il seemed absurd to predlr; that
th,S could go higher. When $40 basis
was reached Il seemed that this would
surely be the top. but wnen subsequent
bids forced the ton basis 20 $50 bet |
ter than this figure IL began To look as
though there might be po immediate /
ending 10 the strength Of the market |
Instead Of waiting until Thurs lay or |
Friday OF each week 10 get INTO the /
field 90 procure their ore the buyers /.
are now out bright ana early Mon /.
day morning, getting what thcy can.
and promising 10 take heavy tonnages
at the best market offerings The pro-
ducers who hold their output generally |
get am advance OF 81 or s. ton for |
their patience. Possibly there may |
come "a time when by holding they Will |
find themsrl, es iu possession Of a lot |
Of ore. while the m1rNet has suddenly |
hit the toboecan The present and tu- I
ture strength of metal. however does
not mint of any immediat, decline i'm
ore prices.
Colamiue is selling for S3S a ton. ON
an assay basis of $50 and SD for ores |
carrying 400 metallic zine. For the
corr, spending week of 1911 caldnuue
brought $21 and $2i basis. with "a top |
price Of 327 for choice lots. \ few |
wears back much blrrde was selling al |
lower figure than is now being paid |
Tor calamiue
Lead ore is fairly strong, $50 being !
generally paid A few lots bring SCI |
For the CORRESPONDING week Of 1911 ore |
brought $50 Metal vas then quoted at |
40. Today IL IS quoted at Sii1.
II DaVs IN advertise