The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-07-18
SLAB ZINC STOCKS
SHOW STEADY DECLINE

Eupr'tI 10 lUN NoTAiF
WEBB CITY, Mo, July IL
American Zinc institute figures for
~ first half OF the year 1922 as to
ale stock on hand OF slab zinc at
the end Of each month are remark
able as showing the steady decline
each month, and are calculated to
have a decidedly bullish effect upon
the ore market, not only at the
present time, but for proba BILE
long period IN the future. The
stocks on hand at the end Of Jan
uary were reported as 65,67S tons,
611c4 for February, 60,262 for
March, SLIPS for April 40, 400 for
May and 29.576 for June. This
Notwithstanding the fact that at
the end Of June there were 3.912
more ret0rts in operation than a
month previous, Shipments in
June were $3.50 tons as COM
pared with Il production OF 2S,547.
These reports from such an
authoritative source as the insti-
ing briskly, with brass special pay
tute. and the further fact that gall
vanlzors and brass mills were buy
Ing 10 points premium, gave
strength and confidence to the,
ore market, and the belief was
ADAAAhf4A AhA buEllpuI lHt Wttk 1Ilht
an advance OF not less than a dol
lar a ton was assured.
Notwithstanding the uncertainties
contingent upon the coal and labor
troubles, producing operators are re-
ported as feeling themselves in a
strong position to await orders.
Some producers have, indeed, sold
ther July output in advance, and
selling pressure was practically alb
sent from the ore market. While
the London market is said to have
been gradually working upward. II
has not yet reached a stage to en-
courage export sales. in view OF the
recent tendency toward higher
prices.
The Sebenthal-Stol bulletin CIV
ing official figures on the zinc pro-
duct Of 1921. shows that IN that low
year the total tonnage in the United
States was 1880. as compared
with 420, ,365 in 1920, and three years
before, in 1917. when ore mining
was at its greatest prosperity, the
total product was 6O7,423 tons. Not
withstanding the low figures OF
1921, the product of the year wac
t.!!! higher than that oc any
European country, the next highest
being Germany, with 12S,S32. being
the only country In the entire list
whose yield was above 100000 tons.
Operation Costs Vary.
Information Just to hand OF the
operators now in progress in South
east Missouri of the National Lead
Co., a subsidiary of one of the COM
panles operating in the Picher camp
OF Oklahoma illustrates the wide
difference In the cost and character
or mining In Oklahoma as compared
with the lead mines in the st.
f1sncois district in the eastern dis
trict OF Missouri. The operations by
an Oklahoma company. the st. Louis
smelling and Refining company, are
engaged in developing $50 acres at
Elvin, 81. Francois county, begin
ming, after drilling, with a 750-foot
shatt, which Is TO be completed and
ready for hosting ore by October
10 The work at this point IL esti-
mated TO cost half a million dollars
before real mining can begin. The
Preparations, after the sinking OF the
smart, include a power line extending
a distance OF $1,000 feet, and the
building ot a railway TO the COM
panys plant ar st. Francois in readi-
ness for the shipment OF ore.