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Show LAST SEASON WAS REMARKABLE FOR TIN The only actunl output of motalllc tin In tho United States In 1906 was 2500 nounds. produced from 3740 pounds of concentrates at the Gertie mine, In the Black Hills of South Dakota. Buck Creek, Alaska, produced 45 tons of stream tin, nnd the Battels Tin Mining company at Cape Prince of Wales produced about ten tons of concentrates carrying 61 per cent metallic tin. which were shipped to England. About fourteencshort tons of concentrates were produced In tho North Carolina-South Carolina tin field. The estimated value of tho total output. out-put. Including .. . , trated ores, was 535,600. The year 1906 was a remarkable one In the tin market. At New York the prlco roso from 35.825 cents per pound on Januan 2 to 4S.5 cents per pound on May 15, rcachlnc the highest point known In tho history of the market. By May 25 the price had dropped to 40 cents per pound, and on July 12 was 36 cents, but the year closed with tin at 42.72 cents per pound. The extreme ex-treme high prlco was due largely to speculative conditions, for It seems probable prob-able that the production Is keeping pace with the consumption so evenly that tho market Is easily manipulated, and periodic peri-odic high prices will probably continue until the production le enlarged or soma substitute for the metal Is found. In statistics published by the United Stales Geological Survey In an advance chapter from "Mineral Resources of tho United States, Calendar Year 1906V' Frank L Hess, geologist, states that tho world's consumption of tin In 1906 has been estimated at 114,198 short tons, while the production of tin for the year was probably between 115.000 and 120,-000 120,-000 short tons. Apparently, therefore, the production for 1906 not only fully covered cov-ered but "was somewhat in excess of tho consumption for the year. |