The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-06-03
ZINC, COPPER AND LEAD
COMMENTS ON MARKET
HEAVY SHIPMENTS OF sPELTER
TO EuRoPE-ALso INCREASE
IN EXPORTS OF LEAD.


spelter prices. which scared far aboy,
all expectations and price Levels
Owing TO the fact that there are roul
marketable grades of spelter there wal
Wide range in quotations. For ordi.
nary brands, known as prime Western
as high as II cents pound was pale
for nearby deliveries, while more dis.
tant contracts were booked as high a.
Is cents a pound That was bid yes
terday for October shipments.
Brass specials, the next best grade
sold up to 20 cents a pound. when the
Butte and Superior company made IT.
first sale Of this kind This company
the largest individual producer of spell
ter In the world, has heretofore solo
all Of its product as prime Western re-
ceiving therefor ordinary prices. II
Is now learned that the company will
produce about 600 tons monthly of the
brass mill specials, for which II will
receive substantial premium.
intermediate grades and the hlghesr
grades sold from 20 up to 25 cents a
pound. 1t was reported yesterday that
some of the finest grades obtainable
We're quoted at about 2S cents
The copper market, usually the mast
active Of all metals, took secondary po-
sition during the week. There was
some unsettlement brought about by
breaks in the London speculative mar
ket and concessions were offered here
by second hands for small tonnage. All
the big producers held firmly TO their
- cents quotation, at which level they
We're figuring on new business, 1t was
a matter of some comment that none
of the large inquiries Ia the market
from abroad had developed thus far
into business, but the sellng agencies
We're confident that real business
would soon be done
Reduced to 30,00o,10 Pounds.
From the best posted auth rites in
the trade 1t was learned that stocks
OF copper at refinery points had heeh
reduced to approximately 30,000U00
pounds. Estimates as u thu highest
probable tonnages at ~etlnerles in the
United States indicated thai about 100,
000, goo pounds had accumulated about
October /, from which p lint there had
been a steadily diminished tendency
owing In great part to the so per cent,
curtailment policy adopted by practi-
eally an of the producers last August.
on July /, 1914, there was total OF
100 100000 pounds of copper at rehn-
cries, according to the last statement
of the non-existent copper producers
association, OF this total 25,00Q,00O
pounds. or almost fourth, was re-
presented by lake copper, At The he
ginning Of June there were 100000
to 100000 pounds of lake undeiiv-
cred. so that the growth in stocks of
this particular grade Of the metal
during the single month of June was
about 80 per cent
The demand for lake copper since
the first of the current year has been !
and stocks have been
cleaned up under the stimulus OF the
biggest premiums ever paid for Mich
gan product.
The past week made history for the
,pelter industry by reason OF the ex-
remedy high prices and the enormou,
,olume of business booked Sales on
hree days this week are estimated To-
rave run between 75,000O00 ana lOO,- /,
100, 900 pounds of spelter at variety j,
# prices ranging from IA cents 10 4
bove 90 cents a pound, according to I
.rade. IA
The boom In the American spelter
market, which started jus; after the :
tart of the European war put a stop c
o the free transportation Of Ausua,- II
IN zinc concentrates to Europe. has II
esulted in shipments abroad Of con- Ii
iderably more than 2O0,009,00b pounds d
that commodity to date having a II
,tal value of $l4,000,000. So small &
art has spelter played in the "our- a
rvs exports heretofore that compar-
IONS with earlier years appear with
ut value. for up to this time exp 'rrs N
similar period have been below 4,
000. 900 pounds
Heavy Exports Of Lead. II,
In addition to the above big tonnage II
yer 100000 pounds Of drnss or hare n,
better was exported and small ~
mount of zinc ore In,
With an increase Of more than 100
10 tons the production of refined lead m
the United States from domestic n,
'es established a new high record IN n,
IA, with total Of 512,794 tons. From lo
,th domestic and foreign ores the nc
ltput amounted to SAP 122 short tons. a,
;ainst Ago, 400 tons in 1913. In,
The big gain IN domestic production N
as due to larger operations in Mis- ut
url where an increase OF $4,000 of
MS was scored; in Idaho where the
lprovement extended to 10000 tons, c.,
id in Utah, where the gain was $4,000 :,
MS. ~
Exports OF lead for the year We're h,,
e heaviest since 1911, the total be- a.,
g S9.5G6 tons, against ll3,S07 tons In ~,
g eaflier period. or the shipments ,.,J
road 5S.722 tons came from domestic al
as IL being the first time that A~-