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Show I'RODl'CTIO.N OF BILLIO-V IS CHICAGO. The reduction of orcB for the separation sepa-ration of precious metals is getting to be an important business in this city. Thore are now three companies engaged en-gaged in ihe business, all of them producing pro-ducing more or less silver bullion, viz.: tho ".Swansea," the "Chicago" acd the "Brighton." The latter is a new company organized during the summer. sum-mer. Its works were built this fall, and its first deposit of silver bars of its own production made in the bank today. to-day. All of the companies buy their ores chiefly in Salt Like city, and altogether alto-gether they are now using at the rate of about twelve thousand tons per annum an-num of the ores a? they come from the mines. This twdve thoisand tons produces about $1,500, COO of silver bullion, and, say, 5500,000 of lead. The whole business will, however, be greatly increased in 1873. The "Swansea" "Swan-sea" company alone have contracted contract-ed to take one half of the whole product of ores from tho noted Emma mine for six months. This will be probably a hundred thousand thou-sand tons. The total silver product of the Swansea company's works in this city will probably be at least $3,000,000 next year, acd it is believed that within with-in two venrs the total product in silver bars of all the reduction works in Chicago will reach at Iea3t $10,000,-OUO. $10,000,-OUO. Tho (Vf'ght on tbe ores from Salt Lake to Omaha is $12 per ton, and from Umah to Chicago i5.50 per ton. The transportat'on of the vast bulk of ores that will come to Chicago as the business grows, will bo an important feature of this city. Should tbo business busi-ness increase to the extent confidently anticipated by thoee now engaged in it, the eslaMnhmeiit of an aay offioe and a brunch mint hero by the government govern-ment will became almost a necessity. "Chicago Tribune." |