The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1921-12-29
FIRM PRICE OF LEAD
TURE LOOKS FINE
Continued from Page y

CONTINUED from Page -
good that stocks have not had oppor-
tunity to pile up and become oppres-
sive. Lead has been going steadily
into the manifold channels of con-
sumption open TO it. Paint, cable
pipe and storage battery manufactur-
ers continue to take good sized ton
mage of the metal Business has in
general been brisker at the beginning
of each month than at any other
period.
Supply and demand seem TO be
nicely adjusted, judging from the
steadiness of the market at it's pres
ent level
Demand for lead in Europe has
been strong during the last few weeks.
Ordinarily this demand is partly salts
fled by the local production of various
European countries. such as Germany.
Poland Spain and France, plus i'm
portations from Australia. However.
conditions in all of these countries are
unsettled-if not politically, then in
dustrially-affecting the production of
each
Germany is duplicating her activity
in the copper market by her eagerness
to absorb lead for manufacturing pur-
poses. This is not strange when one
considers the great necessity for the
intense development of German export
trade, and consequently of German
manufactures, to pay a large repara-
tons bill. Germany so long as she
has heavy indemnity to pay, should
be a splendid market for raw mater
ials mineral, agricultural and vege-
table. Spanish lead and Mexican have
been moving freely into Germany
There is a disposition to consider the
fluctuations of mark exchange a deter
rent to trade. However, Germanys ac-
tivities in the copper markets and the
unfulfilled predictions that exchange
would adversely affect them, would in
dictate that exchange variations will
have little to do with her ability to
buy lead whenever necessary.
Spanish Government Regulations Dis
courage Development.
mot only have Spanish producers
been the victim of labor troubles, but
some of the recent legislation of the
Spanish government has apparently |
not been passed with the purpose of |
stimulating the development of Span
sh resources. This new law prevents
the formation of new foreign mining
in Spain-in other words, it
stops the Introduction of outside capt.
tai into the development of SPANS
mineral resources. This legislation
may act as a boomerang to Spanish
cad trade. Production in that country
5 expected to show a large decrease
Is a result.
France and Spain have engaged in
tariff war Since December 10th
spanish lead entering France has had ,
o pay a higher tariff, so that Spanish
cad may be diverted elsewhere.
france is not a large lead producer,
nd is mainly dependent upon imports :
or an adequate supply of the metal $
cen strong.
Australia, which is normally the s
'orld's third largest producer, has fl
cen so hampered by labor troubles a
hat production from there has been
itifully small considering the large O
lineral resources of the country. Re- Y
emit cable reports indicate a revival in
lining by the Broken Hill companies, fl
hich feel that present metal prices G.
re a sufficiently strong inducement to
'larse production of lead in the near n
lture. G,
"The United States has been fortu- tc
lte in being able to take advantage m
the disorder existing in other coun- h,
les. Should the scarcity of lead con- d,
nue. in Europe, it will be natural to =
e London prices rise and be reflected
this market"