| Show I ENORMOUS DEMAND BY CONSUMERS FOR LEAR lEAD HElPS MINING 1 1 Some Idea of or the advanced price for lead ores I is Ie doing for lor th the tho Utah mines In li lithe the wa war o of Increased earnings Is jg evidenced c oy by the report that Utah Consolidated of or m will v shortly post OSt a dividend of or 1 51 H 1 4 share Th The Tho last st dl o of or 50 cents a share was paid In March and andlor n nd lor br the last calendar y year yar ar 2 Z a chare was at paid In dividends In rn 1113 and amI 1912 tho the dividends were 1 10 60 a each tAch yr r. e Thus Utah ma may go so on the tile basis basin of ot 4 4 a year jear ear b breason by b reason of or the better prices prevailing for tor lead lend The following review lew of or lea load market conditions will bo be of or Int Interest to Utah producer Within a ft weeks week's time the American Smelting an and company compan has lias advanced ad the price of or lead lad 15 per r ton tOIl or from frem a a. low point of or 54 20 per P pounds Junda to 5 5 The situation In lead for some weeks ecks past has hIlS been a n most puzzling one Until early earb last the American Smelting and Refining company had for the preceding five or six weeks week quotation of 4 20 maintained a steady st.-ad however ho cents cent a pound u Independent i bY kI forward xi were iere ere r able ablo to make mak sales eales to I cents cent a pound u Independent i bY kI forward xi were iere ere r able ablo to make mak sales eales to I above c cents per pcr pound and ROIl sold themselves practically out through June and Into July The theor theory advanced nev everal ral weeks Ago ngo that the M o called lead lend trust would give Its Us competitors an opportunity opportunity to tell sell ell heavily now finds belief among the Independents one one of whom hom says says- We e have been unable to fathom the action of the American Smelting and Refining com company compan pan While mill tIll quoting cents cent there them were times time that actual conditions warranted a higher price and wo were all nil setting getting a better quotation It would seem n nil na though the trust had accomplished Its purpose purpose encouraging encouraging us all al to nell seI fel out at lo low prices prices leaving leaving the tho market practically practically to Itself lueI at the hl higher her price levels i iThe Je elt The Tho quotation T f r 5 3 cents a pound for lead has not been witnessed rd with wih the lea exception of or a R short time during 1912 MI when hen lead led miners were on a strike In MI Missouri since J 1907 The demand has hs assumed enormous proportions both from American and European consumers The Tho high price for spelter will It Is believed provide wi new uses use for cad ead ene as a substitute while war orde orders require enormous tonnages Var NEVADA STOCKS Badger Bios Bros brokers ICO South Main street furl furnish h the follow following Ins received over th their ir private te wires this afternoon I Bid I A Asked ked J r district district- tf ta 33 34 54 lIL Mull 01 05 0 C. C BLe COD O. O Bul D. D 01 10 Fraction 09 Pals Daisy ot t 06 B. B B Q JJ l Florence lorence Extension 1621 1524 1 15 5 Lone Lon Star 06 Merger 5 26 2 O Sliver Pick 11 V Vernal O Tiger 02 2 03 Oro t 11 11 12 12 Sandstorm OS 09 16 17 1 Great Bend 10 Grandma Ot 04 05 Manhattan district district- Gold Wedge edge 02 Manhattan Con 02 White Cap 02 Comstock district district- Con Virginia 09 10 07 Halo Norcross Ot Mexican 44 04 45 Ophir 1 14 t 15 Savage ase 03 I S Sierra Siera Xe evada 09 10 Union 1 j I 18 I Tonopah district district- Belmont Cash Bo Boy Oi 07 08 G Gypsy Queen 01 Jim Butler 1 Merger erger 39 1 i 18 Mon fon P. P Ext Ext 06 Montana 30 Mizpah Extension 25 McNamara 03 North Star 16 Rescue Eula 10 11 1 ot of Nevada j 25 Tonopah Extension Extension Umatilla 01 W West st End 86 Other districts districts- Pitts Pits Silver Peal Peak Og Round Mountain I 42 |
