24 
OUR MINERAL RESERVES. 
Destination of domestic lead exports. 
Short tons. 
Great Britain 7,153 
Germany 5,141 
Netherlands 4, 720 
Belgium 2,101 
Russia 448 
The production of domestic lead in 1913 was the largest in the 
history of the industry, and considering trade conditions during that 
year it is likely that there was a considerable increase in domestic 
stocks. The exports of domestic lead, however, must have gone far 
toward relieving this condition. A .continuation of these exporta 
tions must result in advanced prices in the United States. 
TIN. 
Probably one of the best illustrations of America’s opportunity 
to develop new industries is afforded by tin. The outbreak of the 
European war caused the New York price of tin to rise to 65 cents a 
pound early in August, although late in July tin was sold as low as 
34 and 35 cents a pound. This increase of price was due mostly to 
the insecurity of ocean freights, and already prices are lower, and 
they may go lower still, owing to the stoppage of manufacturing and 
other industrial plants in Europe and the consequent restriction of 
the market for bar and pig tin. 
The known American deposits of tin are small, and production 
from them will probably net be much affected by the present higher 
prices. The benefit which the United States may obtain from the 
present situation is the establishment of a tin smelter in this country 
in which to smelt Bolivian tin ores and such small output of Ameri 
can ore as is produced. The tin concentrates produced last year in 
Alaska and shipped from Nome, as well as those produced near Gaff 
ney, S. C., and T inton, S. Dak., amounting to 84 tons of GO per cent 
ore, were all shipped to British smelters. 
At the present time between 30,000 and 40,000 tons of tin concen 
trates, carrying more than 20,000 tons of metallic tin, are shipped 
each year from Bolivia to Europe for smelting. The United States 
imported several times that amount of metallic tin last year and 
would easily absorb all the tin smelted from the Bolivian ore. Fur 
thermore, it has been demonstrated that the smelting of Bolivian 
ores presents no difficulties that American metallurgists can not read 
ily overcome. Owing to the European war Bolivian ores will now 
be easier to buy, and if ships can be found to carry the ore an oppor 
tunity seems to be presented for Americans to begin purchasing ores 
that have hitherto gone to Europe. 
A few years ago a smelter was established at Bayonne, N. J., in 
which to smelt Malayan tin ores, but when the fact became known