The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1913-01-16

vance in prices. The year was notable
also because the heavy and sustained
business was carried on notwithstand
ing the proposal Of early in the spring
to reduce the tariff. while the presiden-
tial election with its prospects Of a
change in administration and policies.
was practically ignored.
Copper Holds Up Well.
On January copper stocks were
Ss.454.695 pounds. the lowest in three
years. 1t had been anticipated that
the first month would show further
decrease In stocks. but great surprise
was manifested when the figures show
ed that they had diminished no less
than 23.174,052 pounds The decrease
noted in June production was ascribed
to strikes. 1t will be noticed that in
July production increased over 10000
900 pounds. while stocks increased on
1 ~ O,VSu,1lis <ticO tIl'il WItIiS uSIlNCIltS
were higher In October. they fell short
of equaling the increase in production
and that in November there were de-
creases in both production and deliv-
cries.
According to United States govern
ment returns the total imports Of for
eign copper In the first ten months of
the year were 14S,O00 tons. In 1911
arrivals for the ten months ended
with October were $4,000 tons The
imports for 1912 are expected to prove
record breaking, though falling off
in arrivals was noted in November and
December. Exports in 1912 will not
much exceed, If they equal those in
months Of the year were 29S,491 tons,
while for the similar period of 1911
they were 299,17G tons Disturbed fin
ancial conditions resultant from the
Balkan war had much to do with this
situation.
Lead Strong All Year.
The year began with lead quiet at
4.45 cents New York. which price it
held to the end of the month when
there was a drop to cents, where it
remained through February and half
of March 1t was a price generally
condemned as too low and there was
relief on the part of sellers when $4.20
was reached The latter price prevail
ed throughout April, May and into the
early part of June, when the American
S. & r. Co. sent its price up to $3.50.
Early in July there was a similar adj
vance Of rs points to $4.75, which the
Early in August the largest interest
lowered it's price to $3.50. but at the
end of the month made an advance to
$4.65. Then came in quick succession
advances to $4.S5 and then to $50. the
latter price prevailed throughout Sep
TENDER. The rise to $50 was due to
the high prices prevailing for lead in
London. English lead was quoted at
Is pounds, equal to $500 New York
and it was possible to buy American
lead in New York at $4.S5. ship it
abroad and sell at profit In the lat
ter part Of October the prices of the
independents dropped to $5.05 and this
seemed to be the beginning of a period
of keen competition in the metal A
factor in the situation was the new
International S. & r. Co Prices here
after followed declining tendency.
The largest interest in early Novem-
Der reduced the price to $4.75 and sub
sequently within the month quotations
declined to $3.50. Early in December
the A. S. & r. Co. again reduced its
price to $4.35. but this was cut by in
dependents to S4.32 IL and lower and
the feeling became unsettled.
Anthony.
Anthony was selling at 1915 to /
$7.S7 IL for Cookson's. $3.50 to $40 /
for Hallett's and 81 to SIP II for |
Hungarian and Chinese grades at the |
of 1912 and in the closing
at $9.S7 1-2 to $10.25 for Cook
sons. $3.50 to 1915 for Halletts and |
80 to $9.25 for Hungarian and Chinese. /
The most substantial advances in
prices came in the last quarter of the
wear following the high priceS of 9TH