Show WILL INCREASE PROFITS OF UTAH PRODUCERS OF ORE OREt J I t Advance in Price of al Metals Will Yield a Month More to Mine Owners I t I I atri Nd C ea ws Piete ef Lori Fro te 3 Pit Par KW ViO I THE HE action taken tabla fey by the t American THE I Refining company yes yesterday yesterday I Ia in raising tile the settling u i e of ot ead eid from tro AM iO 0 to ati 11 per Der l lI lOt I Jound unda I r ff II 1 per ton tOIl more than It has 1 t r over a year eJ past together Hh Ith th the recent advance in lD the price of ot II MU I Vr r ai i t copper capper will mean an In Ineva eva i u in jn the earnings of the Utah pro prod d ur r of at least a month moats The action at act Ion on of ot the th smelting company MH viii ill om eom in ID the nature ture of a surprise t to th t h pit of lead ores ONe in this re reK reI K I ion this th M morning The price prices of sliver allver i II 21 mi c pp r have bave been Heft advancing stead tead steady teady y for 8 verai V weeks past but it to II It if there the was wu a single le producer I f lend d who wo had even eveD dreamed that the i allowed yesterday would be bei i at this time I Redeeming Its Ita Pledges Pled the proposition during the I ti Charles Charlet W Whitley the I n resident manager said aid the thera rats raise ra was wa to be considered in ta the Ute light r r the intention to redeem r i Lh he h pledges it had bad made de at the time it ItIl Il the various smelting in la InI I and began the task tuk of ot building betiding 21 n nw nS u work and remodeling old plants planta V ith I t h a view v lew of bringing them up ap to old tt and thereby reducing the cost t of oft t ra it tine ing ores ies IH At that time it will be the chief officials of the it to be their purpose t 1 Hil rather than cripple the mining Industry 10 o the extent of ot their ability They rhy are lire now Mr III Whitley declares l to make their words good goodin in connection with this tb advance advanced v M lt d Mr M r Whitley I want to say 87 that 1 i IK lIe new neu price affects deeta everybody corn Com ComI corniani I 11 iani 1 i ilea and ald individuals who have haye al a made contracts which call for tOT a S ai Sh i h cr r settling set et tit thug price e will be given the i i fm ot the ne new rate rat Just Jut as will willii willI ii t I h ie it who have not entered into agree II In other words worda every corn com 11 ny and every evet individual doing bust busi I wI with us ua will be permitted to settle MI II the hauL baste ba I said alA that tW th the tile SS Ii Iia 5 per ton advance would mean sn a saving vine 01 or a profit to the load lead ore pro producers producers doing with hi MIs com corn company comat pany PS at this point of at tenet least GOO per month sad and no o one be he declared could feel fee happier than he be that such was w the cut case He also stated taW that the sharp advance la in the pries price of silver during the th past few days meant t an ala ad additional profit to the tile Utah producers of ot more mon than per Del month montla and he be felt very confident that the price would continue e to advance Speaking of the outlook for copper COp Mr declared that the ad advances d vances already recorded dunn tile the present year meant even more DON to the Ute prof of ot this state tate than those of either silver or lsd lead possibly bly 1800 per month making a total advance la lit earnings of fully and he lie had bad no doubt at all that the price rice of 01 the red metal would go CO considerably higher than It tt to ii at present On this U subject abject Mr Whitley said eaid be did not DOt feel oem com competent to go 10 into details but bat he Jae had hd reason to believe bellen that his bill opinion would be borne bone out oat by results ht bt Toe Tor Mine KiM Owner Taken Tak all aU in all the tile season to is open tug Ins I up ap most auspiciously for the tile Utah mine owner who can now DOW begin to see as substantial profits in la sight t The TIle pass pem passIng lag Ing of a coinage measure for the Phil Philippines PhilIppine will itself naturally cause eUM a astill astill still greater peater advance in ID the tile whit met metal meta t tal al al a while the tile appropriation by b bOf congress of to meet the tile expense of the tM commission which to is to treat wIts with Mexico China Cl na and other countries with witha a view to establishing a definite ratio between sliver silver and gold pId to is taken to mean that the time to is not far tar distant when wb a greatly enlarged market for tor silver will be created The Guggenheims have been working I openly and zealously In la the Interests of silver lIver for f r several months past put and to toI I their efforts orta to is no doubt due 41 IB In a aI mess I ore ure UT the results alia now DOW being q attained |