Ch. 2: Platinum in 1910

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	PLATINUM AND ALLIED METALS. 775

	recovery can not be obtained from all refiners, but it is safe to say that the quantity thus recovered makes up a large percentage of the total imports. The principal domestic refiners of crude and secondary platinum are as follows: The United States Mint; Baker & Co. (Inc.), Newark, N. J.; Croselmire & Aekor, Newark, N. J.; S. S. White Dental Manufacturing Co., Philadelphia, Pa.; J. Bishop & Co., Malvern, Pa.; American Platinum Works, Newark, N. J.; Roessler & Hasslacher Chemical Co., Perth Amboy, N. J. IMPORTS. The imports of platinum from other countries, chiefly Russia, in 1910, did not differ much from those of 1909, but had a considerably higher value. The imports are shown in the following table: Platinum metals imported and entered for consumption in the United States, 1902-1910.



	There was a strong demand for platinum throughout the year, and in the closing months the highest prices ever reached for platinum were paid. For refined metal $29.50 per ounce was paid at the beginning of the year. In June the New York prices advanced to $32 per ounce, and during the remainder of the year there was an almost continuously rising market. In November prices reached the highest point, $39.75, but toward the close of the year a slight recession took place. At the close of the year quotations were $38.50 per ounce. The strong demand continued in 1911, and in September of that year the asking price for refined platinum was $45 per ounce. For crude platinum St. Petersburg and Ekaterinburg are the principal markets. In 1910 at the former place prices opened at $22.79 in the beginning of the year, and in December the price paid was $32.34 per ounce. Owing to the scarcity of iridium the prices for "hard metal," which is an alloy of that metal with platinum, have also advanced. Prices range from $2 to $5 higher than those for refined platinum. At the close of the year from $40 to $41 was asked for hard metal containing 10 per cent iridium. The highest prices paid were from $44 to $44.50, in November.

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