The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1914-12-03
COPPER LEAD AND ZINC
CONDITION OF MARKET
DEMAND FOR THREE METALS IS
DECIDEDLY BETTER THAN
FEW WEEKS AGO

The last issue of the Engineering
and Mining Journal contains some in
teresting comments on the condition
of the metal market which While not
as optimistic as the people of the min
ing sections would like, are neYerthe-
less encouraging and afford reason to
believe that whatever change may
come about will be for the better. The
last few days have witnessed de-
cided strengthening of the copper
market with substantial advance in
price, Lead has remained stationary,
while spelter Is strong with tendency
upward. The comments of the Jour
nal which cover the condition of the
market last week are here given In
full;
Copper.
The advance has gone further than
the Influence of continued good buy
ing for domestic consumption, togeth-
er with some export business. On
November 20 and again on November
20 there were sharp advances between
the beginning and end of the day. Do
nestle consumers have entered into
contracts so far ahead as February.
During the last day or two reports
have been current of II 3-4c, regular
terms, for copper. In fact, that price
has been reported as realized, but on
~ on deliveries in Europe and on some
distant deliveries here. During the
last two days copper has been freely
available at IL 5-Se, regular terms,
about 12hc, net cash, New York.
Thus, near the end of November the
copper market finds itself on the same
basis as at the end of July, but with
ton. The sales during our last week
Of record have been large, but not SO
large as in the previous week From
20 to 80 millions of pounds is probably
a reasonable estimate.
Business among the brass makers
and rollers of sheet copper Is report
ed very good. Some Improvement is
reported from the wire drawers.
The copper producers have not re-
Taxed their efforts to obtain through
the state department recession by
Great Britain from its previous posi-
tion respecting copper shipments to
neutral countries. An important brief
by DR. Moore has been filed and pres
sure Is being eXerted from several
quarters where the restriction of cop
per production has been felt keenly.
Lead.
The A. s & r. company raised It's
price to 390c. New York, on Novem-
Der 10. Independent producers were
not taken so much by surprise this
time, contraction in the New York st.
Louis differential having foreshadow-
ed further advance. BY the same
mark the failure of the dlfferentlal to
remain quite so narrow as previously
Indicates that no further advance by
the leading interest Is expected right
away A good bust ess has been done
right through the week the total tom
mage reported being fairly heavy.
Some interesting export business has
been going on. One producer reports
an order from South America for the
first time. Corrodlng lead is now COM
manding the full premium of 10
points.
Spelter.
A moderate business Is reported as
having been done every day. The de-
mand was larger than last week and
the aggregate Of transactions was lar
ger, which explains the further slight
advance. Otherwise there Is nothing
new to report Some export business
was done and on November 25. the
London price advanced to Gle SIS.
which was regarded hopefully for the
market here.
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