The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-08-22
Present Position of Metals

The European war has upset financial and commercial relations gen
orally. At the present time every effort is being made to restore normal
conditions, if possible, and from day to day the news becomes more
optimistic in tone. The prices OF metals is the feature of greatest in
to the people of the western mining states and Nevada is no ex
ception. There are many indications that better conditions will soon OBJ
however, and men connected with the mining industry are dispos
ed to look to the future expectanty.
In discussing the metals situation in its last issue the Mining ant
World said:
Chaotic conditions in Europe caused by the war are having
temporarily, a decidedly mfavorable effect on industrial and com.
mercal affairs in the United States. The metal markets in adjust
ing themselves to the unusual conditions have exhibited some
startling changes in prices. Whether or not these changes show
advance or depression depends on where the points of supply and
demand are located.
The copper market is crippled for the time being, but there is
hope that a turn in events may restore it. The warning nations must
have copper, and these, with the exception of Russia produce very
little much less than they will consume, even in time OF war. The
total foreign visible supply OF less than 100000 lbs. is hardly a
drop in the bucket. The question is where will the beligerents get
their copper? Spain can't produce enough, but the United States
can. 1t is principally a question of marketing it.
The silver market, too, is in a bad way and quotations are mean
ingess. There ire predictions, however, that there will be a de-
mand for silver for continental coinage and that the price will adj
vance to 60 cents.
The lead market is also flat, but quotations show but little
change. With speter the situation is brighter and there has been an
advance in price due to inquiries from England, which had been
drawing its supplies from Germany. Shipments to England will,
of course, be subject to war risk which must be assumed by buyers.
The outlook for tin is not encouraging. No tin an at present
be shipped from the British Isles, and we produce none ourselves.
There is a small consignment on board ship bound for the United
States from the East Indies. The present outlook is that a tin
famine is impending.
Steel prices have advanced materially as a result of the war.
which has made it difficult to secure certain raw materials, such as
ferromanganese, the price of the latter having advanced to in the
neighborhood of $I25 per pound. 1t is expected, however, that the
situation will clear shortly and that the American export business in
iron and steel will be greatly stimulated.
Although the metal situation is at present bad the outlook for
the future is for the most part encouraging. With the European
sources of supplies closed, foreign purchases must be made largely
in the United States, of such metals IS re produced here.
A Boston business man, who has returned to his home after
tour through certain of the western suffrage campaign states, il
quoted as saying: Before | went west, | was, let us say, Indifferent
on woman suffrage. / regarded it IS a rather amusing and trivia
struggle between two factions of women. I knew that on the suf
frage side I was continually reading the same names in the news