Salt Lake Herald-Republican | 1909-04-18 | Page 1 | Failure Expected

Failure Expected Pueblo Colo Cob April 17 F B F Rhodes superintendent of the zinc smelter of the American Smelting Refining company of this city said upon being told of the failure of the Lanyon company compan that he had looked for something of the sort among the smelters of Kansas and Missouri be because because because cause of the fact that for the past year car carthey they had been paying a greater price for zinc ore than smelter officials in inthe InthE Inthe the west thought tho warranted by existing circumstances air ur am thu not think that the receivership would do injury to the zinc industry in this state but rather be believed believed that it would clarify the atmos atmosphere atmosphere atmosphere phere inasmuch as prices would be bemore bemore bemore more settled and the entire product of Colorado mines would be diverted to smelters in this section of the country In the past a large quantity of zinc had bad been shipped to eastern smelters from the Leadville district which is the largest camp in Colorado Wide Variance In Price Mr Rhodes stated that he doubted whether the Lanyon company compan controls 40 4 pr per r cent of the zinc output as had been alleged He said that there had ld been a wide variance In the price Of f zina LOuis uis Th last hist ten years per hundred pounds but that the ore re had recently risen to and then slumped to 46 At present the price is showing a rising tendency and the latest quotation is He Re Ie did not think the troubles of oC the Lanyon Lanon company com pan would have hae a great effect in reducing this price which is for the bar metal but thought it would have a tendency to settle the ore prices because of less competition