Salt Lake Tribune | 1912-08-31 | Page 10 | Lead is Advanced Materially Friday

LEAD IS ADVANCED MATERIALLY FRIDAY Metal Reaching; Toward the Five Dollar Per Hundred Pound Marki For the second time this week the Amor! can Smelting and Refining company com-pany has increased the. market price of lead, another advance from $1.65 to $4.S5 per 100 pounds bolug reported yesterday yes-terday morning. Tills advance la decidedly de-cidedly welcome to Utah lead producers; it means more genorous earnings on tho presont tonnago shipped, whllo should thft mela.1 reach to the ?5 point It will bring hack lo the producing column a number of propositions of Utah and Colorado whoso cost, of production is such that any price less than $5 Is prohibitive. pro-hibitive. This advance In lead has been anticipated antici-pated by producing circles, for tho most eminent of lead authorities agree that tho present stocks of the. metal aro very much limited, and production is bolng outdistanced by consumption. It is a recognized fact that no new lead mining districts arc being discovered, and only occasional now mines are being found to contribute to the available supplies of the heavy metal. No nciv largo producers pro-ducers have been discovered In late years, and from present Indications the year 1912 will CI030 without bringing forth any especially largo lead discovery. There Is a continually Increasing demand de-mand for lead mines, and the advancing market price will have the undoubted effect of stimulating this demand, and of calling attention lo lead as well as copper. Copper so far has been tho featuro fea-turo metal, with spelter and silver also firm markctwlse. Of all tho motaJs, lead so far this year ha.s not shown much of an advance over last year.