The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-20

efS OF the COeuf u AieneS Il harvest III
dividends far beyond the most vision
, AIRY expectations, and has again proved
, the fallibility of the wise ones who
watch the metal markets and presume
to forecast its fluctuations When u
few months ago spelter began to soar
until it reached 10 or IL cents, they
said it was an impossible situation and
reaction must Immediately follow. The
reaction did come but while they were
in the act of taking credit to them
selves for their prophetic vision an
, other reaction set in which carrieo
spelter far beyond its former high re.
cord and the tendency is still upward
All of which goes to show that the
European war has brought about I
condition in the speter market In
, which the Judgment of the layman
to its future Is just about on a par
with that of the expert. The one
thing that must now be accepted az
certain is that the spelter market Is
! going to maintain its present bouyancy
as long as the European war lasts and
that the end Of that struggle is appar
entity as far away now as 1t was SIX
months ago. There Is one element that
may have a tendency to restrict the
foreign market for American spelter,
and that is the smelling of Australian
zinc ores in this country The first
shipment of this kind consisting o'
5000 tons of Broken Hill ore was being
delivered last week at Bartlesville
oklahoma. the steamer coming
through the Panama canal and dis
charging her cargo at Galveston
Whether this shipment Is to be fol-
D lowed Immediately by others is NOT
known, and the effect OF such shipment
: upon the market remains to be seen.
: Nor is 1t matter that should worry
e the big zinc miners of the Occur
i Occur dAlene district, for they are
n protected by contracts which insure 2
h market for their product. The occa-
e ional shipper is the one who suffers by
e the present situation, for having no
d contract he is frequently unable to sell
q his ore on account Of the limtto'
Il smelling capacity Of the country
= which is taxed to the limit by the o'g
l, shippers operating under contracts.
= Lead Less Active.
y Ones first impression Is that lead
. would be the first of the metals to re-
- spond to higher prices on account o'
the demands of war but such has moi
been the case. In fact the slump "
the price Of lead came after the grea
war was we'll under way, and only
since the first of the year has the price
' advanced to a figure that warranted
a resumption of full operations. There
has been no satisfactory eXplanat1of
offered for the condition of the leaf
! market. Exports of lead to Europe
have been quite heavy and 1t Is thN
>, that maintains the present price, bu
! the market Is dull and sluggish com
=" pared with that of spelter and cop
per. It Is possible that the lead mines
Of Spain are a big factor in supplying
the war demand, thus shutting out
large amount that would otherwise ot
!. dra wn from the United States. How
ever, there is some Improvement In th'
j., domestic situation and this will PROB
- IabIv continue, thus insuring a steady
-, demand for lead at fair price
At Copper.
n II is rather disappointing that th'
IS boom in copper Is not making It's bene
IN fits felt in the Coeur d'Alene distric'
ID with the large deposits of copper or
re Of commercial value known to eNis
10 here It is unfortunate that they ar
: not in position to respond to the eve
1e growing demand. The high price o
" conner has nevertheless given grea
tn impetus to development work on heN
ra 'nronarties. and as there Is no douN
rp that there will be an ever ,hcreasn
So demand for the red metal, the Toe"
~ ld'Alene district may yet take It's plac
s. MS an important copper producer \
ha r. Tack1ing. who is perhaps the hlgh
oct authority on copper. says that q
the present rate the world Is uSih
copper there are not known source
of supply to meet the worlds require
ments for the next 20 years. Con
ay fronted with that situation there
every inducement for owners or cor
ne ner properties to devote their utmo'
& energies toward placing them IN pre-
n ductive stage.
In Anthony.
~: That quite extensive deposits OF AZ
up timonv exist in this district has LOT
nd been known, and considerable ant
'ge mony ore has been shipped at Inte'
ice walls covering long period OF yen
"a The price In normal times has gene
las allv been toe low to leave a far prot
m. The war has now created demal
81 that has raised the price to a POI
of that should induce shipments from Ut
the district 1t is now stated that ty
manufacturers are confronted with