The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-01-02

therefore. should not be added to the
general imports of lead given above,
as that would involve duplication.
Consumption.
The amount of lead available for
consumption during 1912 may be esti-
mated by adding to the stock of for
eign lead in bonded warehouses al the
beginning of the veal (4,4S1 short
tons) the imports (s7,7o3 tons) and the
domestic production (399,316 tons),
making an apparent supply of 491, 500
tons. From his is to be s%ubtracted
the foreign lead exported from wares
house t65,253 tons), the foreign lead
exported in manufactures under draw>
back ESTIMATED at 9,s4s tons), the de-
duction by liquidation t5,S14 tons,.
and the stock in bonded warehouses at
the close of the ear assumed to be
the same as at the close of November.
9,497 tons), leaving as available for
consumption 401. 0SS tons, which, by
comparison with 399,472 tons in 1911,
376,021 tons in 1910. and s7o,O13 tons in
1909. seems to be a normal figure.
The foreign lead remaining in wares
house at the close of November. 1912.
was distributed principally as follows:
At Chicago, 161 short tons, as cons,
pared with ATT tons at the close OF
1911; at Newark, 591 tons, agains,
1889 o n at the end of 1911; at Perth
Amboy, 1858 tons in 1912 and 1854
tons in 1911; and at Ell Paso, S43 tons,
compared with 1,2TS tons at the close
of the preceding year.
Prices.
Lead began the year at New York
with a price of 4.475 cents a pound and
held this figure through ~nua A
sharp decline brought the lowest price
of the year by the middle of F'ebr,l-
airy, with lea at 4.O5 cents a pound, A
long rise, with II considerable de-
preston in August brought the price to
81 cents by the middle of September.
Here the price remained practically
stationary until the close of October,
after which a sharp decline carried the
price down to AS cents, at about
which 1t closed the year. The average
New York price for the year was again
As cents a pound, as it was in 1911.
The London price of lead started at
els Us. Cd. a long ton, 1875 cents a
pound) and rose very little above that
figure for the first five months, after
which a steady rise eliminated early
in September in a price of G23 a long
ton 4.97 cents a pound), the highest
price reached in Over 80 years. At this
time the New York price of lead was
81 cents a pound. A sharp decline
through two months was followed by
stationary prices, the year closing with
lead at about G17 Is. Cd. a ton (3.g2
cents a pound.) The average London
price of lead for 1912 was cit ISIS.
Lead and Zinc Industry.
A preliminary statement of the lead
and zinc mining industry in 1911 has
been compiled by C. F.. S%iebenthal, of
the United States Geological Survey,
from the most reliable sources avail
able at this time. 1t appears probable
that the mine production of domestic
lead in ore in 1912 made a gain of a
little less than 10000 short tons over
the 441,1S7~ tons mined in 1911. This
gain, compared with the estimated in
crease in the smelter production of
domestic lead, GAIA tons, indicates that
stocks of domestic lead ore at the
smelters were slightly increased dur
ing the year.
Zinc mining, stimulated by the high
prices for spelter which prevailed dur
ing the year, was exceedingly active
throughout the country, resulting in a
large gain in recoverable zinc in ore.
estimated to be approximately SIS, 900
short ons above the 345, 260 tons pro-
duced by the mines in 1911. The in
crease in mine production checks very
closely with the 52,1O4 tons estimated
gain in smelter output. When allow
ance Is made for some increase in the
production of zinc oxide it will be
seen that there has been no increase
rather depletion.
Production by Districts.
In the Edwards district, of st. Law
renee county, N. Y, operations were
continued on the zinc property opened
in 1911. A 50-ton mill, finished early
in the year, has not completely solved
the concentration problem and expert
ments are in progress which promise a
better recovery. h ore body has
beer developed to a depth of more than
100 feet, with a reported width of 4 to
Z feet of blende and pyrite.
In New Jersey energetic operations
at the Franklin Furnace mines of the
New jersey Zinc Co, resulted in a con-
sidcrably larger output of zinc ore than
usual, the increase from 1911 being APP
proXimately 90 per cent. Willemlte
concentrates from these mines to the
aggregate of 1888 short tons were
exported abroad, the remainder of the
production of the mines being made
into zinc kid and speltcr.