Show I P Hi m I LEAD TAD I New Rate Bate Has Been teen In Effect For Tor Some Time The American Smelting company has reduced the settling price of or lead to 34 instead of or per pounds The Th order at present affects less loss than thana a dozen small shippers whose consign consignments consignments ments month have not been heavy enough or frequent enough to Lo justify entering into contracts and has no the I regular contributors who are working I under agreements most of ot which run till Ull New Years and others into the coming year Some of ot these smaller shippers have been accepting settlement on the new basis for tor two or three weeks past That the arrangement is not Intended to be permanent is indicated In the th fact tact that the company still publishes its sewing settling price basis as There Is 1 no doubt however that the compana f begun a fight that has a se and while it is going on the J may be made to suf sut suffer fer to S extent One point being striven for fot is to compel compe the St SL Joe Lead company t ease dease cutting prices the other to ro so curtail the output for awhile that a basis may mar finally be reached that will wUl be b equitable eq all allaround allaround allaround around Assistant Manager Smith of at A S SR SH R H company at this point stated yes yesterday yesterday yesterday that it was possible that lead f would be selling sailing on the New York mar market maret martot ket tot et for tor 3 per pounds by the end of or orthe the year and that such a thing might happen was intimated by Vice President President President dent Barton Sewall when plans were first laid for tor the new smelter It was then given out that the Missouri pro producers producers producers had haI refused to stand by b the western miners in their joint j effort with the American company com pan to keep prices up and the gentleman named then declared in emphatic terms that the Missourians would not ot be allowed to win out on the proposition The out output output output put of ot that section is now understood to amount to something some thins over pounds weekly but If the large accommodations of or the American company are thrown on the market the St Joe company will wUl be made to suffer losses that Is believed Will bring It to terms In the meantime the American company com corn company pany is hurrying up the new smelter and upon its completion Mr Ir Smith is confident that such concessions in the thee I Iway way of at treatment railroad and other charges can be made that the producer will get along all right whether a lower price on lead prevails or not The new arrangement and the pos possible possible sible Ibie effect it will vill have on some of at the big producers In Utah has been shown in the gradual decline of ot some of ot the shares but there is not a single mine among them that will either have to close down or reduce Its dividends S The Park City Cit mines are all earning big surpluses An official official cial of or the declared that with lead at the compans rev revenue revenue revenue will wUl be he cut down about per month but as us it is piling up a surplus at the rate of ot per month and paying in 10 1 dividends the cut would not be seriously felt particular particularly ly as Its it output will soon be sufficient sufficiently ly increased to about make up the dif difference difference difference ference Among the Tintic mines the Uncle Sam has a contract that runs till next March but if It it had none and was forced to accept the new terms its dividends would come just the same as Its surplus would only suffer about 2600 2500 per month The May Days con contract contract contract tract runs away into next summer and many things may happen by b the time it expires while the Carisa Is a copper gold mine and is not affected at all The Mammoth has a con contract contract contract tract and very little lead tead the Ajax is also in shape to withstand a siege if U needs be while the Yankee will soon be sending ore to market at a clip that will build up a big treasury for it by bythe bythe bythe the first of or the year ear earIn In Bingham some few tew mines will feel I the brunt of ot the new order as they the theare are being operated under lease but butas butas butas as the greater number of ot them ar are arp copper producers the effect will not be beat beat beat at all disastrous The Ben Butler has hasa a contract that runs till January and Manager Jacobs says production up to that time will be rushed Then he hope hopes to see the clouds lifted Assistant Manager Smith summed up the situation by saying that the new smelter would be going into commis commission commission commission sion early in the new year and It would take lots of ot ore are to feed teed it He did not expect ta t see the producers treated In Ina Ina ina a manner that would keep his com corn company company pany from rom getting the ore are and he be bethought thought everything would come out all allright allright allright right |