OCR Text |
Show EETTER LEAD PRICES ARE CONSIDERED CERTAIN Salt Lake, Aug. 13. A canvass among the mining and smelting circles cir-cles of tho city In search of opinions legardlng the load situation discloses I a practically unanimous belief that J lea I prices aro due to rise, but there is nothing now In tho situation of a , su'flclent tangible form to permit any definite Idea as to when the upward I movement would begin. Ono smrit-I smrit-I ing engineer said yesterday: I "There Is a scarcity of lend ores, and there are no nw b ad camps b,i-1 b,i-1 ing opened up. The production Is ery unsatisfactory, yet at tho same I time there is such a reduced con-I con-I sumption that prices for the metal do j not have a chance to harden. In ex-1 ex-1 plaining the unsatisfactory condl-j condl-j Hons now existing with tho National I Lead company. President L. A. Cole I laid special emphasis on the dlmln-l dlmln-l iohed trade and thi Increased price of linseed oil. and this company, which stands lo the lead smelters ' as the smelters stand to the lend j mine owners, has had to reduce Its ; dividends. j "Hard times strikes right and left, ' without regard to feelings. During the present slowing tip period the property owner is not painting hln : bonso as a rule, no matter how badly . It needs it Money Is tk'ht, so the i homoR must go without a fresh coat j of paint until next year. Reduced j , building operations mean a reduced j i ocniand for plumbing supplies, ot I which lead provides the Important. I ifom. These nro only two points in I a situation which Is interwound with i conditions of unfavorable mport. The ; only question Is not will prices improve; im-prove; It would be ridiculous- to doubt line; but when will they improve? |