The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-01-13

at $613,000; 40S25 tons of lead in base
bullion, valued at $3,496,OO0; and 400
tons of refined and old lead, valued at
$2SO00-a total of 6O,S50 tons, valued
at $4,17 900, compared with 2S,338 tons
in 1914 OF the imports in 1915 about
$4,000 tons came from Mexico, against
23141 tons in 1914. These imports
from Mexico are to be compared with
an average of over 100000 tons before
the civil strife in that country. The
remaining imports of lead came most
ly from Chile.
The exports of lead of foreign ORR
gin smelted or refined in the United
States again show an increase, being
estimated at $4,000 tons, against 3d.
O51 tons in 1914, and 54,301 tons in
1913. For the last two years, on the
other hand, notable quantities of DOM
este lead have been exported to Eur
ope, and the total for 1915 is estimated
at 10000 short tons, valued at $6,650,-
900, compared to 5S,722 tons, valued
at $4,5O1,674, in 1914.
Lead Available for Consumption.
The amount of lead available for
consumption during 1915 may be esti-
mated by adding to the stock of for
eign lead domestic stocks are not
known) in bonded warehouses; at the
beginning of the year (766S short tons)
the imports (about 60,S50 tons), the
additions by liquidation Q795 tons)
and the domestic production (5l6,6Sz
tons), making an apparent supply OF
$1,000 tons, From this are to be sub
tracted the exports of foreign leae
(about $4,000 tons), the exports of do
nestle lead (76,OOO tons), and the
stock in bonded warehouses at the
close of the year assumed to be the
same as at the close of october, (16,'
600 tons), leaving as available for con
sumption $4,000 tons compared will
449052 tons in 1914.
High Prices.
Lead began the year at New 1ori
with a price of 3S cents pound, near
Nv the minimum price Of the year, ant
remained practically stationary unit
the middle of February A gradua
rise brought the price to AZ cents il
April and it remained there until tn
latter part of May. A rapid rise mex
followed, and lead reached the maxi
Mum for the year at 756 cents OIL
June A. A sharp decline, followed D.
martial recovery and then by NOR
general decline, brought the price I
"A cents in the latter part OF August
After a slight recovery and anothe
decline to 4.45 cents in September, Tn
price gradually rose and closed tn
wear at about 5.4 cents. The averag
New York price for the year was T.
cents a pound, compared with S.9 cent
in 1914, and "A cents in 1913
The London price of lead started a
Gig a long ton al cents a pound
and rose until the latter part of Marcl
whom it reached e23 Is. Cd. long to
, * cents a pound). From this poir
= the price fell to $50 Is Sd. long to
4.3 cents pound), after which ther
was a sharp ascent to 92S 2s' 3D. 70
cents a pound) at the middle of Jun
, After several ups and downs the pric
dropped to $50 IS. Sd. GA cents
a pound) by the middle of August an
$ then a gradual rise carried 1t to a.
IS. long ton 1913 cents pound an
: it closed the year at about that fgur
h The London market was fairly para
4 10, TO the New York market and, e.
cept for the period of high prices
the United States during July al
+ August, was uniformly higher than u
d American market.