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Show THINKS TUNGSTEN WILL HOLD STEADY English Authority Expresses View That Quotation Will Be Around $20 Per Unit. Tungsten is fairly steady in price, says the May Mining and Scientific Press. It is believed in well-informed quarters that a quotation of about $20 will be maintained even when the war ends, owing ow-ing to the demand for railroad work in Europe, the tnngsten-steel being used for punching rails before attaching the fishplates fish-plates and, of course, in all sorts of highspeed high-speed toois. The dumps of 1 lo 2 per cpnt tungstic acid that were exploited when the boom began are now depleted, as are. also other surfirial deposits of tungsten ores. The cost of production lias increased so t hat no rjuh-k return to a pre-war price Is at all likely. At present tiip production in this country is about f.0hO tons and the importation 400 tons, the Imports being nearly equal to the exports ex-ports of ferro-tungsten and tungsten powder, so that the production just takes care of the domestic consumption. |