SITUATION
March 17, the price of spot tin in
London was £194 for Straits and £190
for Standard. Today it is £172 for
Straits and £168 for Standard, a fall
of £22 per ton. The high price
reached in London has for some time
been looked at askance by authorities
in the trade here and the slump was
not unexpected. The whole situation
is involved and complex and predic
tions concerning the future are ex
tremely hazardous, but certain factors
which have played a part in the move
ment are readily apparent and easily
susceptible of Analysis.
The rl3e in London was chiefly oil
spot and nearby tin. and was partly
due to the increased quantities tied up
in transportation through the slower
movement of ships and the congested
condition of the docks in London.
Something like 5000 tons of tin nbove
normal was rendered unavailable to
the market in this way. A far greater
influence, however, was the heavy de
mand on London for shipment to
Scandinavia and Holland. This tin,
suppositiously, was to supply the do
mestic requirements of those countries
or for Russian account, and certain
restrictions were thrown about its
shipment intended to prevent the tin
finding its way into “enemy’s coun
try.”
The price of tin in Germany at
tained very high figures, ranging any
where from £200 to £250 per ton, and
despite precautions taken by the Ad
miralty in London this high price at
tracted large quantities, especially
during the last few months. Nearly
as much In fact went to Germany as
in times of peace and the German price
suffered a heavy fall in consequence.
The English authorities seem to have
been very slow in waking up to what
was going on, lull finally becoming
aware of conditions have now sur
rounded the exportation of (in not only
from England lint also from the Straits
with such stringent regulations that
if would seem impossible for further
quantities to reach Germany: and the
fall in London is attributed to the re
snle of lots previously bought for ex
port but which probably cannot now be
shipped out of England.
other factors that played an Impor
tant part In raising the London price
since Jan. I were due to prior causes,
one of file chief of which was the in
terruption to shipments from Rolivia.
owing first to the disorganization en
tailed by the war, and later to the acti
vities of the German fleet off the west
coast of South America. Since ship
ments have been resumed nearly 7000
tons of Bolivian tin have arrived In
Engltind which is more than arrived
there July to December, inclusive. This
will restore to the market not only as
much as It formerly received from this
source, but a large quantity In addi
tion. The average arrivals in Great
Britain from Bolivia were formerly
not in excess of 1200 tons per month.
The part that Holland has played in
occasioning the recent stringency in
London is also shown on an examina
tion of figures, according to which
their total sales August to December,
inclusive, amounted to only 3000 tons,
most of such sales being from stocks
in Holland and going to Germany
Their sales otherwise in November.
December and January amounted to
only' 268 tons. In February, however,
from stocks in Jnvn the Dutch gov
ernment sold 200 tons of Banea and
Billiton tin, and to the middle of March
had sold something like 1500 tons ad
ditional. Much easier conditions will
necessarily ensue when these large
shipments reach the consuming mar
kets.
There seems no escape from the
conclusion that the recent scarcity and
high prices will soon he a thing of the
past. With Germany excluded qq q
consumer and the London exports con
fined to the domestic requirements Of
the other countries of Europe, demand
must undergo a substantial shrinkage.
The total consumption of Holland,
Sweden, Denmark and Russia is only
about 4600 tons per annum or say
400 tons per month. Three or four
times this quantity has been shipped
from London monthly of late, the dif
ference going to Germany.
As to the future, figures have been
offered to prove that with Germany
eliminated the position of tin is any
thing but strong: in fact whether or
not the markets are accessible to her,
that supplies are actually in excess of
demand. In the first place it must tie
borne In mind that tin plays but a
small part In the arts of war while
war’s damage to the arts of peace is
enormous. In the United States, for
instance, during eight months of war
ending with March, deliveries will show
a decrease of about 4000 tons, or 15
I**r cent. In Great Britain exports of
tinplate January tf February shrunk
from 84,000 tons to 54,000 tons, or
nhout 33 per cent.
The chief difficulty we have to com
bat in the United States is one of
transportation. As soon as that pro
blem is solved there will he plenty of
tin available for local consumption,'
and the restrictions surrounding ex
ports from London which at present
embrace America will doubtless be
removed shortly, permitting free move
ment to this side. Steps to that end
have already b^en taken. Meanwhile,
supplies on the spot are scarce hut the
demand seems to he light, only small
lots changing hands at about the
prices stated in our market report. Ow
ing to the scarcity local prices have'
so far been little affected by the fall in
London, but it Is needless to say that
with the first signs of larger imports
the parity between the two markets
will be restored and a drop of some
where between 10 and 15c. per It), is
not unreasonably to be expected.—The
Kngineerlng & Mining Journal.
' □
jms
The W. F. Whitely Co. in the jhst
mail received an interesting letter from
one of the fire insurance companies for
which It Is the local representative. It
Is interesting because of the statement
made in it that the Alaska territory
has shown 25 per cent less losses in
proportion to the amount written than
any other section of the United States.
Consequently the big companies like
Alaska pretty well.—Fairbanks News
Miner.
Advices received from the Macken
zie river section cause serious alarm
in Dawson for the welfare of Rev.
Father Jean-Bapiiste Rouvlere anil
Rev. Father Gillnume Leronx, Roman
Catholic missionaries. II is feared that
they have been murdered b> lOsklmos
in the vicinity of Bear Lake, 100 miles
east of Fort Norman, 375 miles above
Fort McPherson. They have been en
gaged In that field for several yens.
The cable repair ship Burnside now
spends its lime sailing between South
eastern Alaska and Seattle. So soon
as an interruption is repaired ihc slfio ,
will sail for Seattle. Then after a f v
days in that port there will be ajijhther ;
break in the cable and away north |
again goes the Burnside. Maybe homo'
day there will lie a government r.op dri
ship stationed in Alaska. II cortaini ;
would save a lot of delay a ltd expeiis I
—Chltlna Leader.
_ I
Cheap*** t* • lonq rim—Norn * |
Garage.
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mm tiieM
TONIGHT
Comedy Romance
ZINGO
THE SON OF THE SEA
4 Part* 4
A THRILLING
SENSATIONAL
IMAGINATIVE
ROMANCE
MRS. LA CLERQ, Pianist.
ADM. 25c
jlAGLE HALL
» / _
WEDNESDAY NIGHT
j Comedy-Drama.
LOVE THY NEIGHBOR.
Comody
A NEW CURE FOR DIVORCE
Scenic
NURENBERG.
-—-----—►
Industrial.
Making of a Golf Ball.
OLLIE BOURRET, Pianist
ADMISSION, 25 oont*
AT THE NEW EAGLE.
Old Lewie Hunter Rye and the Fa
mous Atherton Bourbon whiskeys, Dis
tilled spring 1904-1905, bought in bond
and neduced to 90 per cent, by U. 8.
govern'fnent by the bot*U «r gallon.
Instructions in Driving.—Nome Gar
age.
Professional Cards
IRVING M. REED.
U. S. MINERAL SURVEYOR,
Residence Seiffert Flats.
MEETING NOTICE.
THE NOME BARTENDER'S UNION
I-ocal 868, B. J. L. of A. (Affiliated
with the A. P. of L.) meets every tlr.st
Sunday in each month jll 11a. m.
AL. NICHOLSON, Pres.
NOW IS THE TIME.
To come in and see us, as the bright
sunny days are coming on, and have
your clothes cleaned, pressed and re
paired.
We make them look like new.
e clean hats.
We make alterations.
We guarantee first-class workman
ship.
Wo guarantee modern methods.
We guarantee prompt service.
And wc will appreciate your patron
age
We also make suits to order.
. ■
NOME TAILORING COMPANY,
Between Segerstrom & Hagen and R. B
Zehner’s Jewelry Stores.
WE CAN DO IT.
For first ctass work and prompt de
livery phone Main 151 and the People’!
Steam Laundry will call and get your
laundry.
W. J. WILLIAMSON, Prop...
Mail the Nugget to your friends and
help advertise Nome.
S.S. VICTORIA
SAILINGS FOR SEASON 1915. 1
LEAVES SEATTLE: LEAVES NOME:
JULY 24TH. AUGUST 5TH.
AUGUST 23RD. SEPTEMBER 4TH.
SEPTEMBER 20TH. OCTOBER 1ST.
OCTOBER 18TH. OCTOBER 28TH.
I—i I i ,
TOURIST STEAMER VICTORIA.
Victoria sailing from Nome July 8th, and August 5th, will call at
Unalaska, weather permitting such a call, thence along the southern
shores of the Alaska Peninsula to Seward, Valdez, stopping at the
Columbia Glacier, then to Cordova, remaining long enough for the
passengers to make the trip over the Copper River &. Northwestern
Railroad to the Miles and Childs Glaciers leaving Cordova she will
cross the Gulf of Alaska, through the Icy Straits, and Lynn Canal
to Skagway, thence to Seattle through the world famous "Inside
passage” visiting en route Juneau, Treadwell, Taku Glacier and
Ketchikan. !
Sailing dates of Freight Steamers from Seattle calling at Nome.
EDITH, JULY 15.
CORDOVA, AUGUST 15TH. LA TOUCHE, AUGUST 15TH
Alaska S. S. Co.
R. A. CARROLL, Agent. _
S.S. Senator!
Sails July 10
FROM NOME: FROM SEATTLE
JULY 6. JUNE 24. !
AUGU8T 3. JULY 20.
AUGUST 30. AUGU8T 15. j
8EPT. 24. SEPT. 10.
OCTOBER 25. OCTOBER 6.
THROUGH TICKETS SOLD TO ALL POINTS IN CALIFORNIA
AND EAST.
THI8 COMPANY RESERVES THE RIGHT TO CHANGE THIS
SCHEDULE.
F. J. O’CONNOR. ALASKA LIGHTERAGE AND COM
Com’J Agent, MERCIAL CO..
Cor. Front at. Steadman ave. At Dock.
.pXXXXXXXXXXXXXXXXXXXXXXXX
BOSTON
\ STEAM LAUNDRY l
M _IT__ . N
-N
! *
* Phone Main 53. *
* t
» _ L
« *
M P
m Have your laundry done up at r
N p
, the up-to-date laundry. Roug-i H
jj dry. work our epecialty. Give ue h
N a trial and be. convinced. Sj
* n
5 Prcmpt Delivery jj
XXXXXXXXXXXXXXXXXXXTTXXXr^
j AUGUSTINE 8 AVER I
( VICTORIA CHOCOLATES \
! BUTTER CRISP \
\ CHOCOLATE DELICIEUX J
ROSE I
; * ■■
Candy Store j
Ice Cream and Soda Water. '
WAANVWWVWWWVWWW I
i Ck Angeles |
; FINEST WINES LIQUORS & j!l
cigars.
A. Q. OLIVER, Prop. <|j
Phone Main 33.
Front St. Opp. Nugget Office. ]>
I GENERAL
HARDWARE ij
DARLING & DEAN j:
. COMPANY
Cbe ]l
Hevada j!
KMUtmmum. UAttm
THE NOME |
Garage
CARS CLEANED, OILED AND [
REPAIRED j
!
General Bench Work Done *
t
AUTO FOR HIRE. j
R. R. MORRISON j
f Proprietor.
HgcgK'agrixxiVeXVLixvmggB*
ELITE HOTEL m BATHS
Steam Heated. Electric Lighted. The best service assured guests.
The best hotel to stop at while in town.
STEAM AND SHOWER BATHS IN CONNECTION
I
'i Moonlight water used throughout. Open all night
| COR. FRONT AND B STREETS J. M. MONAHAN. Prop.
BARBER SHOP with 2 chairs and other fixtures for rent at the ■
ELITE BATHS. I
.y. .MrzZZ*
*
WATCH THIS SPACE
Sb^^B ,r.-iiFSr.-aatWhirl , ■■ , W. flflrr
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To any address in the United
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