Salt Lake Tribune | 1917-01-11 | Page 12 | Record Prices for Copper, Lead, 1916

RECORD PRICES FOR COPPEfUEfJ). 1318 Big Gain in Average of Silver Sil-ver for Year Is Feature to Be Noted. Copper and lead established new liih prices during the past year, while spelter fell below the 1915 average, according to the Engineering and Mining Journal, upon whose figures a number of mining concerns con-cerns , receive settlement for their product from smelters and selling agencies. The price of silver also showed an important advance. Copper averaged 27.202 cents a pound in 1916, against 17.275 cents in 1015. It was the high-water mark for copper for an ! entire year. j Spelter dropped from an average of 13.23 cents, New York, in 1915 to 12.804 cents in the year just ended. The December average of 10. 665 cents was, with the exception ex-ception of November, the lowest of any month since last June. Big improvement was shown in silver, which averaged b'5.661 cents an ounce last year, against 49.GS4 cents in 1915 and 54.S11 cents in 1914. The December average aver-age of TG1 cents an ounce was not only the,' best of any month In 191(1. but the highest reached in several years. The following summarizes the foregoing, forego-ing, the Quotations being in cents: Yearly Av. December Av. IfHS. 1915. 1916. 11)15. Copper 27.202 17.275 31.S90 20.133 Spelter, N. Y..12.S04' 13.230 1Q.6$5 15.391 Lead, N. Y... 6-777 4.073 7.405 5.3.r5 Silver, N. Y. .65.051 49.SS4 76.50 64.971