Salt Lake Herald | 1900-01-02 | Page 6 | Lead Brings $4.521/2

LEAD BRINGS BEINGS 1452 American 1 Banning Cos Gos New Rule Bade Now In Effect In conformity with the new rule re recently recently centy promulgated by the Hie American mIcan Smelting Refining company w e eby commencing with Jan Jail 1 1 the average price at whim which actual sates P of ot teed toad were made m in the New York market during the previous week would govern vern in making settlements s bl for fer the lead Jeep con contained rained in ores oree purchased during the fol fob following lowing week Manager Muger T K R R Jones Jonee of the local offices of the company gave out the statement yesterday that tue t le price at which settlements would be made this week was 45 Next Monday the price for the com corn coming coming cornIng ing week will be announced ced the figure depending on the average aV price prevail prevaH prevailing ing rn in New York this week With silver and copper the these will be given daHy daily as heretofore and the settlement price will vary in tn accordance with the fluctuations If It the new rule proves proven as advantage advantageous ous to the shipper as the quotation an announced tot for this week would indicate a better bett l average price is likely JO o pre prevail prevaIl vail van as the Focal price will cut much nearer to New York quotations The be Theone Theone one strong feature of the nev rule ruI is that tbt a settled price for tor the too reek have Tittle little or no so room ronni for tor disagree e meie men between n eon seller eUer and buyers fee fea feature f ture of the old method which bas Ia cane caus caused ed considerable friction at times tf fJ