Canadian foundryman (1917) . rtainly be can-celled. Of course the tonnage might betaken out in some other form than shellsteel, but conditions arising after peacehas been declared will be discounted be-fore this actually happens. It is justhere that prices are liable to be affectedbefore the activity at the mills slows decided shortage, but it is likely thatthe market has received a wholesome(dieek in the meantime, and furtherdevelopments in Europe will 4eeide theswing of the pendulum. METALS THE metal markets have experiencedanother twelve months of war influence,but, generally speaking, they
Canadian foundryman (1917) . rtainly be can-celled. Of course the tonnage might betaken out in some other form than shellsteel, but conditions arising after peacehas been declared will be discounted be-fore this actually happens. It is justhere that prices are liable to be affectedbefore the activity at the mills slows decided shortage, but it is likely thatthe market has received a wholesome(dieek in the meantime, and furtherdevelopments in Europe will 4eeide theswing of the pendulum. METALS THE metal markets have experiencedanother twelve months of war influence,but, generally speaking, they have notbeen quite so erratic as last year. Theprincipal feature this year has been thebig increase in volume of business, par-ticularly in copper, which has reachedenormous tonnages. The production , war metals has increasedgreatly, and has assumed large propor-tions. New mines have been opened upand old mines reopened, while new re-fineries have been established to takecare of the big increase in mines PRICE FLUCTUATIONS OF 2 IN. LAP-WELDED WROUGHT IRON PIPE DURING lJlo AND 1916. CANADIAN FOUNDRYMAN although the largest percentage of theproduction of war metals still comesfrom tlie United States, this country hasbeen the scene of remarkable activity,and the metal mining industry has de-veloped in a corresponding degree. The Consideraole progress has been made in Canada in the metal industry. Copper and tine refineries have been establishedat Trail, , and the output, althoughnot very important at the present time,is steadily increasing. The war lias market, which will have a tendency to-wards lower prices. The situation willlikely be unsettled for some lime pre-vious to the actual cessation of hostili-ties and the market discounted beforethe war ends. Whether prices decline /OO L B /9/5. /9I6. b .3 PER ICO I p Jan FEB MAR. APR. MAY. JU/VE July Aug Sppr. Oct. Nov. DEC. JAN- FEB MAR APR May. JUNE JULY. AUG Sept. Oct. Nov Dec. £__ 3_t 2_ 1— N^ f ~s x.
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