Show THE SMIHEER PURCHASE Takes In the Hanauer as Well as the Pennsylvania Works The press dispatches in yesterdays issue of The Herald relative to the obtaining ob-taining of options on nearly all of the kading smelting plants in the United States Including the Con Kansas City and the Germania was the general topic top-ic uf conversation in mining and smeltIng smelt-ing circle in this city yesterday and a ellknon smelting and mining man of Salt Lake while refusing to be quoted in an interview on the subject stated that the deal was really a Pill chase of the plants enumerated in the dispatch the result meaning that there win be but one smelting company in this country the action virtually meanIng mean-Ing the formation of a smelting trust with the trust and some of its objectionable objec-tionable feature eliminated but still a trust in the sense that the company will very largely govern the ore and metal market in this country in the future fu-ture While the Pennsylvania and Hanauer emclurs of Salt Lake valley were not tpeclfled in the Xev York dispatch The Herald was given to understand that they were included in the deal the onlj smelting works of importance not Ino1 cit in the transaction being the Gugrgrcnheimer plants at Pueblo Colo and at Perth Ambov N J and It is irrplud that these iiii be purchased by the new company as soon as the Gutrgenheimers can get their price The purchase of these plants said the gentleman in question for this is an out and out cash transaction means the virtual consolidation of all the big smdting plants in the United States under one head and it is understood that UK final consummation of the deal In all of its ramifications will tend to stimulate the mining industry and benefit ben-efit the mining fraternity of the west as it vill be the aim of the new concern con-cern to materially increase the output of the precious metals and in order to du this the treatment charges on low grade ores an > more than likely to be reduced in addition to which the company com-pany will cut an important figure in the regulation o the metal market and In the establishment of metal quotations quota-tions as it will not only b about the only orebuyer in the market but It wi also b about the only seller of bullion bul-lion In cne respect the interests of tl > miner and the smelting company will be almost identical as the company com-pany will encourage the payment of high prices for the different metals so far an consistent with the market a i will be its desire to stimulate the islning1 industry so that an increased ore output vIll be the result |