May 8, 2013

Russia, 1898



1898: 1 Troy Ounce platina (Ural Spot: 83% Small Lot) =18.61 руб (USD$ 8.58)
1898: 1 Troy Oz. Pt (Ural Spot @ .999) = 22.42 руб ($ 10.34)
1898: Russian Refiner's Cost @204 руб/Poud = 0.3874 руб ($ 1.95)
1898: 1 Troy Oz. Platinum (SPb: Refined Poud) = 22.807 руб ($ 11.45)
  
1898: 1 Troy Oz. platina (Ural Contract: 83% Bulk) =13.29 руб ($ 6.68)
1898: 1 Troy Oz. Pt (Contract @ .999) =16.01 руб ($ 8.04)
1898: Russian Refiner's Cost @204 руб/Poud = 0.3874 руб ($ 1.95)

1898: 1 Troy Oz. Pt (SPb: Refined Poud) =16.401 руб ($ 8.24)

1898: 1 Troy Oz. platina (Ural Spot) = 17.09 - 18.99 руб ($ 8.58 -9.54)
1898: 1 Troy Oz. Pt (Ural Spot @ .999) = 20.59 - 22.88 руб ($ 10.34 -11.49)
1898: Russian Refiner's Cost @204 руб/Poud = 0.3874 руб ($ 1.95)
1898: 1 Troy Oz. Pt (SPb: Refined Poud) = 20.98 - 23.265 руб ($ 10.54 -11.65)



Citation: The Mineral Industry, Vol. 7 (1899) p.570


Weight given in Pounds Avd., the conversion follows:

Ru, 1898: 1 Kilogram Intrinsic Pt = USD$ 265.-345.
Ru, 1898: 1 Ozt. Intrinsic Pt = USD$ 8.25-10.72

Ru, 1898: 1 Kg Pt + Labor + Transport = USD$ 265.-345.
Ru, 1898: 1 Ozt. Pt + Labor (USD$ .30) + Transport (USD$ ) = USD$

UK, 1898: 1 Kilogram Refined Platinum = USD$ 498.24-507.
UK, 1898: 1 Ozt Refined Platinum = USD$ 15.50-15.77
UK, 1898: 1 Troy Oz. Platinum (Mkt) = £ 3.0 (USD$ 14.56) 
 
USA, 1898: 1 Kilogram Refined Platinum = USD$ 507.-551.16
USA, 1898: 1 Ozt Refined Platinum = USD$ 15.77-17.14 
USA, 1898: 1 Troy Oz. Platinum (Mfg, Bulk) = USD$ 17.



1898: 1 Troy Oz. platina (Ural Contract: 82% Bulk) =12.91 руб (USD$ 6.485)
1898: 1 Troy Oz. platina (Ural Contract: .999 Fine Pt) =15.75 руб (USD$ 7.91)

Citation: Mining and Engineering World, Vol. 26 (1907) p.725
Citation: Archives des sciences physiques et naturelles, Vol. 15 1903

Where the Фунт is ~13.17 Troy Ounces, large lots sold for руб 7,753/Poud; small lots руб 10,097/Poud

1898: 1 Troy Oz. platina (Ural Spot, Bulk) ~15.09 руб  (USD$ 7.58)
1898: 1 Troy Oz. platina (Ural Spot, Small Lot) ~ 19.65 руб (USD$ 9.87)

1898: 1 Troy Oz. Pt (Russian Refiner's Cost) ~ 0.3798 руб ($ 1.91)

(Fr. 1.02, £ 0.04, USD$ 0.1963)
 
Citation: Western Electrician, Vol. 23 (10/8/1898) p.201

  

Where the Winter miner was paid 1.00 руб/Zolotnik, the Poud cost 3,840 руб; the Summer miner was paid 0.80 руб/Zolotnik, the Poud cost 3,072 руб

Winter 1897/8: 1 Troy Oz. platina (Ural Labor: 83% ore) =  7.29 руб ($ 3.66)
Winter 1897/8: 1 Troy Oz. Pt (Ural Labor: .999) =  8.785 руб ($ 4.41 )

Summer 1898: 1 Troy Oz. platina (Ural Labor: 83% ore) =  5.83 руб ($ 2.93)
Summer 1898: 1 Troy Oz. Pt (Ural Labor: .999) =  7.028 руб ($ 3.53 )

Citation: L'Oural;  Maurice Verstraete (1899) p.200




Winter 1897/8: 1 Troy Oz. platina (Ural Black Mkt: 83%) = 14.583 руб ($ 7.30)
Winter 1897/8: 1 Troy Oz. Pt (Ural Black Mkt: .999) =  17.57 руб ($ 8.83)

1898: 1 Troy Oz. platina (Ural Black Mkt: 83% ore) =  17.57 руб ($ 8.83)
1898: 1 Troy Oz. Pt (Ural Black Mkt: .999) =  23.355 руб

Citation: L'Oural;  Maurice Verstraete (1899) p.200


CHECK!

Late June 1898: 1 Troy Oz. Platinum (NYC: Mfg, Retail) = 34.49 руб Kr. (USD$ 17.73)

c.1898: 1 Troy Ounce Platinum (Global Mkt) = 33.72 руб Kr. (USD$ 17.33)

Where the Poud was руб 7,300 (Au?):
c.1897??: 1 Ozt platina (Ural contract, Ore) = 13.86 руб Kr. (USD$ 7.125)
c.1897??: 1 Ozt Pt (Ural: .999 Ore) = 18.52 руб Kr. (USD$ 9.525)
c.1897??: --Refining Cost: 1 Ozt Pt (Ural: .999) = 1.21 руб Kr. (USD$ 0.6217)
c.1897??: 1 Ozt Platinum (Ural: .999 Refined) = 19.74 руб Kr. (USD$ 10.15)

Die Kosten für die zu errichtende Platinraffinerie würden sich leicht aus dem Preise für Platin decken, indem Rub. 1000 von jedem verkauften Pud Platin dazu bestimmt werden, was im ersten Jahre Rub. 200,000-260,000 ausmachen würde. Im Auslande zahlt man pro 1 Pud raffiniertes Platin Rub. 17,760, während das Rohplatin Rub. 7,300 kostet. Das Raffiniren eines Pudes kostet Rub. 425; rechnet man noch dazu die Ausgaben für Verbesserung an den technischen Einrichtungen und Verwaltung 50 Proc. der obigen Summe, so würden zu der Zeit, wo der Preis auf Rohplatin Rub. 7300 pro Pud betrug, für den Ankauf von Rohplatin 17,760 - (425 + 212), mithin Rub. 17,123 verfügbar bleiben und die Productionskosten für 1 Jahr bei einer Verarbeitung von 200-250 Pud jährlich Rub. 127,000 — 159,000 betragen.

 In 1877, the price rose to Rub. 2400, because the offer was low, and the buyer feared competition. This is still very low price made it possible to only exploit the platinum richest localities on the Issa, and consequently this was also a year to a very limited yield, 1867-1869 6-7 Poud, 1870-1877.  The cost of the platinum refinery to be built would easily be covered by profit on the price of Platinum,  determined at Rub. 1,000. per Poud, which in the first year would amount to Rub. 200,000. to 260,000.  Abroad, you pay Rub. 17,760. per Poud refined platinum, while the crude platina costs Rub. 7,300.   The refining of a Poud costs Rub. 425; we still expect expenditure on improvement of technical devices and management to be 50% of the above sum, so when the price of crude platinum was Rub. 7,300 per Poud, for the purchase of crude platinum 17,760 - (425 + 212), thus Rub. 17,123 remain available and the annual cost of production for processing 200-250 poods annually would be Rub. 127,000-159,000.


Citation : Handelsblatt der Chemiker-Zeitung Vol 22, No. 58 (1898) Walther Adolf Roth p.588





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