157ZINC

concentrates quickly followed with a rise of $6.70 to $~5.28 per ton for
60-percent zihc concentrates in the Tn-State market, the highest reached
in 15 years. The average quoted price for zinc in 1941 was 7.48 cents compared
with 6.34 cents in 1940.
 Information on London Metal Exchange dealings, which were suspended at the
outbreak of the war, continued to be unavailable during 1941. On December
18, 1939, the Nonferrous Metal Control for the United Kingdom fixed the price
of zinc at £25 15s., delivered consumers, duty paid, for foreign zinc,
and £26 lOs., for domestic metal. These established prices did not
change during 1941.

Price of zinc and zinc concentrates, 1987—41

1937
1938
1939
1940
1941
Average price of common zinc at—  St. Louis (spot)   cents per poun&..
 New York  do__  London  do__Excess New York over London  do......Joplin
60-percent zinc concentrates:  Price per short ton . dollars.  Price of zinc
content  cents per pound....  Smelter margin~.  do......
6.52
& 87
4.91
1.96

39.87
3,32
3.20
97
80
90
91
88
4.61
4.99
3.05
1.94

27. ~3
2.32
2.29
70
63
70
74
80
5. 12
5.51
1 2.89
' 2.03

34. 15
2.85
2.27
77
68
75
79
79
6.34
6.73
(2)
(4)

41.87
3.49
2.85
95
69
77
82
80
7.48
7.87
(2)
(4)

49.80
4.15
3.33

111
78
80
85
89
Price indexes (1925-29 average=100):
 Zinc (New YorkL_                             
 Lead (New York).                           
 Copper (New York)                          
 Nonferrous metals 2                                               





All commodities'                               





1 Average for 8 months; London Metal Exchange dealings suspended in September.
 ' Official maximum price fixed by British Ministry of Supply at £25
15s., equivalent to 4.64 cents a pound at the official 1940-41 rate of exchange.
' Difference based upon 8-month averages. 4 available.
' Based upon price indexes of U. S. Department of Labor.


Average monthly quoted prices of common zinc (prompt delivery or. spot) at
St. Louis
and London, and of 60-percent zinc concentrates at .Joplin, 1940—41'
Month
 1940                         


1941          



60-percent
zinc concen-
trates in the
Joplin region
(dollars per
Metallic zinc (cents per pound)
.
~ Louis London

60-percent
zinc concen-
trates in the
Jo1lin region
(ollars per
Metallic zinc (cents
per pound)


~ ~ London

January                   
$38.15


35.43


37.05


37.50


37.70


40.54


41.37
41.98
44.75
48.24
48.23
48.19
5.64
5.54
5.75
5.75
5.81
6.24
6.25
6.40
6.94
7.25
7.25
7.25
(' )
$48.20
48.22
48.19
48.20
48.20
48.21
48.21
48.22
48.39
St 88
55.28
55.28
7.25
7.25
7.25
7.25
7.25
7.25
7.25
7.25
7.25
7.99
8.25
8.25
(2)
February.                  
March                    






April                     
May                      
June                      






July                      
August                     
Sejftember                  
October                   
November                 
December                  

Average for.year....      







41.87
6.34
(2)
49.80
7.48
(2)
 ' All quotations from Metal StatIstics, 1942.
.2 Official maximum price fixed by British Ministry of Supply at £25
iSa., equivalent to 4.64 cents a pound at the official 1940-41 rate of exchange.