The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-20
LEAD, ZINC, COPPER,
SILVER HIGH RECORD
REVIEW OF METAL SITUATION
SHOWS STRONG DEMAND
A BRIGHT OUTLOOK.

1
since 1907 in London and the price
of the white metal on this side was
correspondlngly strong. Some sales
were reported in the east as high as
GA cents an ounce, with the asked
price we'll above So cents generally.
The steady rise in silver is expected
by well posted people in the mining
world to continue and the prediction
all out of range
The wars continuation is making it
certain that the use of silver money
will be an absolute necessity with
many nations whose supply of gold is
depleted and in addition to that the
Mexican silver supply has been al
most entirely shut Off
In the last Stoneham & Co. letter
the metal situation is analysed as fol-
lows:
Copper.
New war orders are coming into
the market and the demand for cop
per should be at a record breaking
point during the balance of the year
and perhaps well into 1917. Distribu-
ton of surplus profits in the form of
extra dividends or increased dividend
rates Is practically assured, and an
entirely new boom in copper securities
seems at hand. This new market for
copper stocks will probably be more
sensational than that of the previous
year. because of the fact that the
market not having the great bulk of
undigested securities to contend with
and the fact that copper stocks are in
large blocks in banks, trust compan-
les, and other financial institutions, ii
is reasc nable to suppose that there
will be a materially better response
to the increased earnings and divi-
dends in the future. An analysis of
the market price of copper securities
over the course of the past six months
will show that they have practically
stagnated during period of distribu-
ton of stocks formerly in the hands
of foreign investors, and which fact
has initiated against the natural ad-
justment of the prices of market Sc
curities to the increased earnings and
dividends.
Zinc.
Similar factors working for the
strength in the copper metal market
are to be found in the other base met
ais. Prices of zinc are again advanc-
ing, in spite of the fact that the pro-
duction this year will break all rec
ords. Chief among the reasons for the
anticipation of the continued high
price for zinc is the batch of new or
ders for war materials from Europe,
either being placed or pending. One
other factor that is contributing large
ly to the increased use of zinc, and
which Is more than temporary, is the
increasing price of tin, and the diff
Guilty of getting supplies of this metal |
from the Straits Settlements, the
chief source of supply. The production |
of these mines has been steadily de- |
Ginning, and no new deposits of any |
are being opened to re-
place them. With the interruption of
shipping traffic, the available supplies
Of tin have been further curtailed,
and efforts are being made to supplant
tin with zinc. Recent work along
these lines have indicated the possibil-
ty that zinc will eventually be put to
all the uses for which tin is now en-
1loyed This promises a demand for
zinc greater than the world has ever
seen, and which augurs well for the
permanent prosperity of the zinc
mines of this country.
Lead.
Demand for lead, in relation to the
production of the metal, is similar to !
he copper situation. Independent in /
erests are selling the metal at as
Ugh as 81 cents a pound, in spite of :
he fact that the American Smelling /
OF LOST CERTIFICATE.