OCR Text |
Show LEAD. A considerable advance in the pries of lead ia noted, the quotation of yesterday yes-terday being $40. It ib claimed that if the price can bo prevented from going below this figure, ft number of mines that have been idle owing to tho small percentage ot silver that the ores carry, may be worked at a profit. The rise ia chiefly gratifying ut this time as indicating in-dicating a further advance in the; near iuture. The stock on the mar kct shows signs ol running low, and this just at a time when the deiuaud will increase. The revival of busi ueaa and the more plentiful distribution distribu-tion of money wilt very naturally cause a freer use of this staple commodity com-modity in iU various forms. While silver mining is perhapa more profitable profit-able to the individual, the lead industry in-dustry it better for the territory, in that it furnishes more employment for the people, aud distributes more money among th masses. It is tho leading mining industry of the territory, terri-tory, bonco any improvement in it, or anything that bodes- of its prosperity, pros-perity, is moat gratifying While upon thia subject, it may be aa well to again call attention to the fnct that Utih presents an excellent field lor the investment of capital in the manufacture ot the various articles in wbieb lead ia used, aa the lead paints, pipes, shot, roof-iug-shceti, etc. Especially in white lead, it aeems to as, a profitable business busi-ness could be done bore. Vast quantities are used in the territory, and all ot it costs the consumer high freight, which in some instance! is paid both ways the raw material being shipped tj the east, there manufactured and then relumed. It does not now " require the capiul that oneo was necessary in the manufacture of lead paints. Formerly vast sums of uiouey were locked up in stock, which was a long timo in orrodiug. and being made ready tor the market. By a recently discovered process only a tew hour3 are necetswy lor converting convert-ing the crude lead into the article ready for the plumber and the painter. paint-er. At Omaha lead works were erected a year or two ago, and though working to thtir lull capacity, we uudtratuid the demand for their product ia greater than the supply., The works are a most gra'.iu u:g i-uc- j cess, yielding large pnQu lo the shareholder. Much ot" the lead to supply the tetabii-biueut is taken from the mines of Utah, and tuuen ol the product is w.id in this market. It appear to us that if lad vn be sect to Omaha and then returned here, paying double freight, it certainly cer-tainly could be. worked at borne at large profit. The matter is worthy of consideration by local capitalists. |