Show PRICE Oft OF LEAO IS MOVING UP Local Settling Basis for This Week Is Fixed at 4 Per Pounds HIGHEST SINGLE SINCE NOVEMBER YEAR AGO THE METAL WAS QUOTED AT 6 Lead is marked up at 54 4 as a basis for tor settlement by b the American Smelt Smelting SmeltIng ing Refining company this week The black metal has not been quoted locally at that tha figure or better since the last week of ot November 1907 At that time the local settling basis was vas A week later the market was wa so unset unsettled unsettled tied that no figures were given De December cember it was dropped to 39 and by the end of ot the month It was down downto to the low mark On the th of December silver was quoted at by the end ot of the month it had touch touched ed One year ago now lead was being settled for tor on a basis of at 56 6 per pounds silver was at and copper cO PCr electrolytic was wa quoted at a pound As compared with prevailing prices of these metals now the difference is enough to make the producer gasp for breath Silver is off of an ounce the tho price of ot copper is nearly 50 per cent less and lead is worth only as much But all of the woes of ot the producer are going into in o oblivion very soon now An evening paper states that Samuel Newhouse nat has ha been selected by Daniel Guggenheim as arbiter tor foi both the producers and the tho smelting company So If it the price of at lead suit you If u copper copp r is too low if it you want more for lor your silver and want the smelting company to simply charge so much a aton aton aton ton for lor smelting your our ore without de demanding demanding demanding manding a split spilt in the profit that might come In case a better price for tor forthe forthe the metals comes all you will wUl have todo to todo todo do is to see Sir Mr Newhouse about it itHe itHe ItHe He is a pretty busy man on his own 00 account but to adjust little differences such as are arc atc here ere suggested between the smelter and a tew few hundred producers will be nothing more than a matter of pleasurable ab e pastime p to lm He is go going going going ing to Nevada now but a wait vt of ot a afew afew few Cew days will not hurt you any an be because because because cause there is still sUIl a probability that some other othel smelting works will be ready read to take ore e soon and you may not have to consult Mr Newhouse at atall atall atall all |