The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-01-07
Production of Lead in the United
States in 1914 Exceeds All
Former Records

domestic strife in that country. From
Germany came 1855 tons, from German
East Africa 1878 tons and from Chill
about 1850 tons.
The exports of lead of foreign ORR
gin smelted or refined In the Unltaa
States again show big decrease, be-
ing estimated at 21,193 tons. against
54,32s tons in 1913 and 1928 tons in
1912.
For the first time in years there
were exports of domestic lead to Eur
ope, the total for the year being esti
mated at 81 ,924 short tons, valued at
about $4,SO4,0 900.
Lead Available for Consumption.
The amount of lead available for
consumption during 1914 may be estl-
mated by adding to the stock OF for
eign lead domestic stocks are n,
known in bonded warehouses a. thu
beginning of the year (5310 short tons).
the imports (26,9O4 tons), the additions
by liquidation (16 tons), and the do
nestle production (511,7S4 tons), ma
king an apparent supply of 544,O14
tons. From this is to be subtracted
house GLIB tons), the foreign lead
xported in manufactures under draw
= ok (about 10000 tons), the exports
of domestic lead (62,924 tons), AMI the
H., ~oho
close of the year (assumad TO be the
same as at the close Of November
1853 tons), leaving as available for
consumption 442,744 tons which, COM
pared with 419,463 tons in 1918, 3S8,l48
tons in 1912, 3S5,319 tons IN 1911, AMI
379,196 tons in 1870 ard taking into
account trade conditions during The
year, seems to be an excessive figure
making it seem very probable that
there has been an Increase in lead
stocks. OF the foreign lea4 remaining
in warehouses at the close of Novem-
ber 1914, there was at FL Paso 2176
short tons and at New York iS4C tons
with small quantities 1T CH'cagj and
ST. Louis.
Prices.
Lead began the year at New York
with a price of 4.175 cents a pound
and remained at 4.20 cents t!lr ugh TIE
first part of February The price de-
cined to 38 cents by the LIST Of April,
rose to little more than 80 cents by
the LIST Of May and remained at rhat
figure for four months. A sharp de-
cline commenced in September and
carried the price down to 3.5 cents in
October, after which a rapid recovery
brought the price up to 1925 cents, but
it dropped Immediately to 3.8 cents at
which the year closed. The average
New York price was 3.9 cents pound,
compared with "A cents in 1913 and
As cents in 1912
The London price Of lead started at
ELS IS. long ton 1894 cents a pound)
and rose sharply until the latter part
of January, when the maximum for
the year was reached, at ego Is. Cd a
long ton (441 cents a pound), three
tenths Of cent above the New York
pric The London price consistently
remained above the New York price
until the end Of July, after which ow-
ing to the closing Of the exchanges,
there were no official quotations on
lead until late in the year. The aver
age price of lead for the first months
of the year at London was G19 IS. Id.
a long ton (4.13 cents a pound, com
pared with 1886 cents a pound at New
York for the same period. This great
ly stimulated exports from the United
States, and in the absence of available
lead of foreign origin these exports
consisted largely of domestic lead,