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Show Editorial LEAD SITUATION IS IMPROVED The price of lead seems to have struck bottom and has again taken an upward trend, which promises to reach 7 cents and possibly 7J cents, as quickly as it slipped from that high es-' es-' tate during the past few weeks. Last week the price started to advance, and' this fact is taken by the gest authorities in lead to mean that other advances will follow. , While the decline in price has not resulted in any curtailment of production by the mining companies of Bingham, it has nevertheless produced a depressing feeling with the leasers leas-ers of the camp at a time when conditions had given an optimistic optimis-tic outlook for the industry. The first explanation for the cause of the slump seems to have been the correct one, that it was due to the weakness of the London market and the consequent tendency ten-dency to dump foreign lead on the United States market. This was averted by successive cuts in the domestic price to meet the varying stages of the market in Europe, a movement which practically prac-tically prevented the importation of foreign lead. The upward turn in the price is said to reflect re-flect improved market conditions in Europe, removing the menace of foreign competition in the domestic do-mestic market. The outlook is more hopeful for an adjustment of affairs in general in Europe, and if this proves well grounded the demand will soon absorb the foreign output of lead, which will leave the American market unhampered and insure the leasers leas-ers and mining companies a profitable prof-itable market for domestic lead. |