OCR Text |
Show j Improvement in Metal Mining I By Ira C. Tichenor 1 'T'lIAT th improvemnt in th metal mining iudustry of the i ' 1 rountryU keewng pace with that of bunim' and industrial i iffair frenrrally is -Mown by the May bunincaa review of the federal resrre bank board. J ThU rvliw dwclarei thiit thr haa bn a marked Improvrment In tha metal mlnlnff Induatry, and then giv cemparatlva flgura ahovlng tha lnrrraaa In production. It atatra that only a faw copper compnnica In tha t'nltcd Htatca now remain cloaed. Tha- four porphyry copper companlea reaumed opera tlona on tha firat of April. Copper production during March ahowed an Increaaa of about $5 per cent over the production for February, , amounting to il, 17,403 pounda, aa compared with S7.416.K0a pounrfa In February, but waa S7,S69,73 pownda leia than In March, 1921. Ralea of copper wera tha largeat alnca November, but the price of electrolytic copper delivered In New York waa 12 125 centa per pound on April 15, aa compared with 14 centa per pound In December. Zinc production for March totaled 2. 532 tona, an Inrreaae of 4019 tona over February and 10,791 tona over March, 1921. District No. 10 (Kannaal Clty report a total ahlpmenta of 31.001 tona of mine orea. aa compared with : 27.041 tona during February and 22.1 3d tona during March a year ago. Htorka of sine ora held In blna of tha producers throughout the district amount to a approximately 64,000 tona. -Tha average price of load ora for tha month of March waa lit 17 per ton. and the total sold amounted to 7!.02 tona, aa compared with 7R06 tons aold In February at an average prlcp of $10 per ton. The average price per t ton for March, ,1921, waa 938.17. Reports received from nineteen mlnea ' engaged in the production of gold, allver, lead and copper In district No. 12 i 8an Francisco) Indicate ta, small decrease In the output of theao metals In February. 1922, as compared with January. The silver production In the I'nlted Htatea for March amounted to 4.1R6.042 troy ounces, as compared with 3.H7I.49H during February and .077.OO0 during March. 1921. While the report does not give figure for separate states. It Is realized locally that t'tah la responsible for much of the Increase in the production ' of silver and lend, and that within the next few wet ks tha resumption of operations by the I'tah Copper company and other copper mines of the at.tte begins to show In production figures this state can claim atiil further credit for the increase in mineral production. |