The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1921-03-31

wv HILE THERE is and can be
W. no definite information on
Wv the subject, the feeling pre-
walls that there will be no
further closing down of mining oper-
ations; that the bottom has been
reached in metal prices and that the
next movement in metal prices will
he upward announcement in this
respect was experienced during the
past week when lead advanced from
cents to 40 cents per pound and
has remained at that figure for sew
eral days. There is no cause for ap-
prehension regarding the Morning
and the Bunker Hill & Sullivan. They
will continue in operation, employing
the usual number of men. So far as
the Hecla is concerned, it is under
stood that the management plans to
continue operations as usual. The
only thing that might interfere with
that plan is the action of the stock
holders at the annual meeting of the
company, which will be held in Spo-
kane on April u. Hecla is making
some profit even under present con-
ditiOns and now with the least vein"
accessible through the settlement
with Marsh, which is known to have
a higher silver content than the or
iginal vein, the company is probably
in position to increase its earnings. In
this matter it is altogether probable
that the stockholders will be guided
by the recommendation of the man.
agement and the mine may therefore
be expected to continue in operation
Better Tone to Market.
The Engineering and Mining Jour
nal, in its review of the metal market
for the week ending March 23, re-
cords an improvement due to several /
causes which may mark the begin
ming of permanent higher metal
prices. The Journal says:
Though not characterized by more
than the usual amount of buying of
the last few months, the tone of the
market is distinctly encouraging. An
increasing number of sellers are be-
coming disinterested factors at pres
ent prices. Many large consumers
are making inquiries, but do not seem
to place orders and expect
to be offered cut prices, as in the
past. When they find that metal is
not obtainable below the quoted mar
lSet they may become more active
Several factors have in
the irmer feeling. London
has been wavering less, and in the
last three days has shown a distinct
ly frmer tendency all around; bust
ness conditions seem to be improving
in certain industries; and further
of production are taking
place Mexican production during
recent weeks has been particularly
small, both on account of the low
prices realized and because of the
railroad strike in that country.
Lead.
1.-THE week has been a quiet one in 7
the lead market. The price of &c, st. t
Louis, seems to be temporarily ac- q
eepted by both buyers and sellers c
and we have heard of no business
either above or below this figure. The
New York market is more variable
Small tonnages for prompt shipment
may still be obtained for &c, but for 7
forward delivery up to 4.25c is asked. t
with some of the largest sellers out v
Of the market Business among con- a
sumers is improving somewhat. In t
iuiries have been fairly numerous b
rom lead pipe manufacturers in the a
south and middle west, where build il
ng activity is said to be increasing. II
White lead in oil is also recognized V
o be a bargain at current prices, and a
3 therefore in more demand than for L
some time. The battery business is Il
seasonable increase. t
cable manufacturers have been US n
ng a fair amount of lead for some u
ime. Chemical lead, 4.25c.. st. Louis Il
Zinc. a
Zinc continues weak. Practic- s
lily all the demand is from galvaniz- Il
rs. but inquiries were more active +
particularly from some of II
he larger interests in the middle "
vest. Brass special zinc commands r.
bout ten points premium over prime II
western. and high grade continues to fl
,e sold at about 7c.. delivered at east il
49,, ,,o;pteW a.