The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1921-06-02
spanIsh I'd ProduetIon


| (a)-From a consular report publish
ed ina Commerce Reports. March 81.
1921
/ The Societe Miniere ct Metallur-
gique de Penarroya. which has fire.
quently figured in market reports is
a French organization. of S14,625O00
capitalization (the u. S currency
equivalent of 292.5O shares of $50 fr
par valued. and operates lead silver
mines at Penarroya, Province Of Ter
uel Spain. coal mines in the same vi
entity lead mines in the Pyrenees,
and also mines in Algiers and Tunis.
northern Africa. The company owns
or controls every lead smelter in
Spain and. besides it's private smell
ter at Penarroya. operates another az
Marseilles France. A new reduction
plant roasting and smelling equip
ment american builD. insures mod
ern and efficient operation. The Pen
arroyo company is a member OF a
French trade association or con
sortium." the Societe Minerals ct Me-
tauN. highly centralized organiza-
ton formed for mutual protection and
organization in trade competition
with other nationals. and occupies d
strong position in the French and
Spanish lead industries.
The lead from Spain can be readily
shipped directly 70 London Germany
or the United States and does not
have to be handled through London
enabling it actively to compete in the
three markets mentioned. Usually
the direct calculation based upon the
London quotation, and upon shipment
of lead from English ports. furnishes
a higher estimate of the cost of SELL
ing Spanish lead in American mar
Sets because the metal can be ship
ped directly from Spain at a saving
i'm freight rates
Demand for Lead From All Glasses
Of Consumers.
The consumption of new lead in
American industries has been excep-
tonally well diversified and bespeaks
a recovery in many manufacturing
enterprises Although it may be
stretching the point too far the omen
may ne one Ol Allt llQlE0llOMH AlldA
conditions are improving and that
The country is slowly but gradually
from the present period of
depression.
Lead has a wide variety of uses
and enters into the manufacture of
.ables pipe sheets, foil. batteries,
)abbitts, solder. bearing metals. am
type metals. brasses. white
cad battery oxides and red lead and
,ther pigments This wide diversity
ID application emphasizes the infer
,nce that a demand for lead is an ex-
,ellent trade barometer for general
business conditions, We're it not for
he fact that lead has during the last
ear or more behaved differently from
ther metals and only recently touch
d relatively low points Although
10 detailed figures are available COW
ring the normal percentages of lead
consumed by the various industries,
he following order of importance is
deduction made from a table pre-
AIRED by the war Industries board
urng war time: Lead cable, white
sad ammunition. lead pipe sheet
,ad. batteries, Rabbits and soldiers.
1t is. of course, idle to predict whe-
her the advance in lead will grow or
'ither. For every reason to forecast
further rise in price. another rea-
on can be advanced pointing to a
ecline. Lead producers were more
)rtunate than other metal producers
] 1920, and the record made so far
MS year would appear TO presage a
lplication of this record.