Show UG SG TURNS TO COLOMBIA FOR ITS PLATINUM Central America Expected to Increase Output From Placers Hope of ot supplying tho the worlds world's re requirements requirements requirements re- re for platinum rests largely largely with Colombia Colombi at this time Extraction of ot platinum In the tho Urals Urals probably Is at nt ata ata a a practical standstill owing to present present pres pres- ent eat unsettled conditions In trend of or production for Cor tho the years Immediately preceding preceding tho the war would indicate tho the peak of or production there had hal been passed Colombia has gradually Increased her output from troy ounces In 1919 1019 19 to approximately ounces It I is estimated that with wih new developments in operation she will be able to produce produce pro pro- duce at least east ounces a n year As the alluvial deposits along the river riverbeds riverbeds riverbeds beds of Colombia have been little lite worked work work- ed Cd el for platinum and other othor large areas have not been worked at all It Is probable probable probable able that the production can be gradually gradually grad grad- gral Increased and that the thc peak will w not be reached be-reached reached for tor some time to come In the past interest has hns been centered centered cen ecu on gold old rather than on platinum In Colombia 1 Total known supply of platinum produced pro- pro to date late has been estimated at atrom from rom to tro troy ounces but the lower figure is generally general ro 10 as tho the more accurate Much o of this however has hns been put to such uses as to render it Irrecoverable A As the annual requirements of or the United States alone for platinum have ae lc amounted amount amount- ed to approximately troy ounces and as the Colom Colombian ian production Is es estimated estimated es es- at nt less loss than half this amount there thero Is little prospect of the price of platinum coming down to 05 set by bythe bythe I the federal government some ome months ago Instead there Is likely to be a aso general upward tendency which It IL Is 19 predicted will wi culminate in a price of ot 60 or better within possibly twelve months About a a hundred years a ago o worth of platinum was only one thid that of gold gold U cn of ot Metal Platinum was as used usel extensively before the war by tho the Jewelry trade In den don In tho the manufacture of crucibles and other chemical apparatus as lead- lead ing-in ing wires of oC electric bulb lamps and contact points of magnetos and as as a n catalyzing agent In the production of ot su sulphuric acid It I was largely the demand domand de do- mand mad for platinum for Cor the last named purposes that forced Coreed the federal government gov goV- to put a ban on trading In platinum during tho the war and to commandeer commandeer com corn stocks It I was also funt during the war ar that platinum was sas of ot the utmost importance for Ignition systems of or airplane en engines on- on gines sines motor boats automobiles en- en tanks etc where perfect Ignition was an absolute necessity Its Is use for this purpose is likely to bo be Vcr very extensive In the f future ture Platinum Is 19 also likely to bo be used In considerable quantities In Inthe Inthe inthe the production of ammonia from Crom air and In the tho manufacture of or nitric acid There Is some demand for It In the photo photographic anti and dyeing Industries Platinum possesses ductility to such sucha sucha a a high degree that one tro troy ounce can be bc drawn out Into n a wire 1800 miles mies long without breaking though it would then thon be bo so fine as to bo be practically In in visible The war var dep department has authorized the sale of ot Its Is surplus stock of oC platinum plot num nurn accumulated during the war for ordnance aircraft engine and other purposes at a troy ounce This was the price 05 fixed subsequent to the tha commandeering of all al available platinum platinum piaU num supplies in this country countr As however how ever only troy ounces out ot 01 som somi somi ounces accumulated are reported reported re reo re- re ported tp be offered for sale tho the present pres pros ent government release can only satisfy satis f fy a a small smal fraction of ot our annual de mand mand OIL 01 STOCKS were received yeste este The following quotations da day uy T over OTer I K 11 1 1 l Hutton Huton C. C Cos private wire Anglo Am Am 23 3 24 no Atlantie 1350 1 15 Pipe 2 m mErn Solar Z 3 Ern Buckeye 10 tos so S IJ Pipe 16 70 So Penn Oil OIL 32 3 iSO 9 W Penn Pipe 10 US 15 Crescent 35 3 3 IS rW 0 Cal Cl T no 1 S 0 iG iO Eureka 1 0 Kan iCan 5 t Galena 13 0 I Ky I 44 ilo pM S 0 Neb cb GH 15 illinois Pipe 1 16 IS F C J. J 1 io Pipe 91 S 0 N Y 3 35 g hot Iet 19 5 0 Ohio O 0 Nit Transit 21 2 t I 97 N Y Transit lii 18 19 Tank Tani 1 3 Northern P I 1 11 t HO 0 Ohio lorther OIL 1 O 43 4 Penn fex S 83 Q 0 0 I Coffee Market r larket I 0 0 New rw York Tork July 10 O. Tho market for coffee futures fu ft ti tures showed rene renewed t firmness during duin today's early trading but Lut wes lets less leIs active that than thal recently em reactions followed with wit lh tho the clo close c showing a net decline of or 2 23 25 to tt 31 II 1 points The opening was vas Wn 1 to 3 points point higher At first liNt trading was quiet but bat there was wan n R spurt of or 11 demand on a cable holu showing drawing an nn advance of 1 to 2 In Santo Sntos futures After r thin til trading very anti and ali market eold off oc t tc 2 2225 2235 for tor December 1011 In the la late te trading under uner I realizing Clo Closing bid Jul July 2233 September 2273 73 October 2260 December January 2 2227 March 2213 2215 In May 2 22 O OS 05 7 Sj Spot ot coffee dull dul lUo Itlo a 71 23 53 Santos h 33 i jI COTTON New CV York Tork July 10 Cotton Coton Cotton Si ot quiet mid tiling COI tr steady at nt a n net advance o of 15 to 23 25 i IJ lt futures firm July 35 U. U 0 October December fG January 34 31 35 March Futures closed Jul July 3 ZUO 20 December i October J January M tUi 14 1 March 10 t UW I. f New York Jil July 10 nAw How l Hugar Steady y centrifugal cen ceo i. i fIne too at nt seller rO Iron King King at Hc J Keystone stone at May fay Da Day DaY 1000 1000 1000 at nt 8 c. c North Standard at nt lOc at 2000 2000 at He 1000 1000 1000 at al at 5 I South Standard Standard at ut t lSe seller seler CO GO OO at ut 18 c. c South Hecla Hecla at Tar Baby lab lab- 2000 2000 at at Hc Tintic Standard at Hi OO at 4 O at 5 Uncle Sam 1000 1000 1000 at nt l c. c Whirlwind 1000 1000 nt at He I gc Woodlawn Woodlawn at Eureka Mines at 9 c. c Lohl Luli at al 20 c. c Shares sold old f value oo 01 i I J J |