Show PRICES PAID FOR COBALT ORES chicago mining world when it is learned that over 80 per cent of the tons of ore shipped from the cobalt district in ontario last year came to the united states for treatment there is some curiosity to learn what prices were obtained from the smelting smelling sm elting works in his report to the 1 northern Northe ontario railway Commissi ioner mr cole gave some interesting facts investigations show that most of the cobalt ores are consig consigned nedi to the perth amboy works of the american american smelting smelling Sm elting and refining company at the close of last year the american smelting smelling Sm elting and refining companas comp anys schedule for ores assaying under 1500 ounces silver per ton was as follows silver pay for 93 per cent of the silver contents at the new york quotations as given by handy harman to western union telegraph company on the day after agreement of assays essays working charge nine dollars per ton of 2000 pounds dry weight plus 05 cent per I 1 ton of each ounce of silver contained arsenic should arsenic be contained in excess of 5 per cent an addition to the working charge will be made at the rate of 25 cents per dry ton for each per cent of arsenic in excess of 5 per cent insoluble matter an addition to the working charge will be made at the rate of 7 cents per dry ton for each per cent of insoluble matter contained in excess of iron payments of net proceeds of shipments will be made on the day after date of agreement of assays essays ores assaying 1500 ounces ounces per ton or over will be treated at the perth amboy plant by the cu process separately from any other ores in the presence of the shippers representative making payment immediately on production for all of the silver recovered in silver bars at the new york quotation prevailing on date of production of bars all byproducts recovered during the process such as flags test buttons etc will be sampled in the presence of the sellers representative and 98 per cent of the silver contents of same will be paid for on the basis of assays essays arrived at by averaging the smelters shelters sm elters results with those of the sellers representative providing the differences are not unusual payment being made on the day after date of agreement of assay and at the quotation prevailing on that date any unusual differences in assays essays to be adjusted by umpiring in the usual manner the working charge is per torr tori of 2000 pounds of ore dry weight plus 1 per cent per ounce of silver paid for on ores running under 1500 and above ounces per ton the shipper is advised to consign through ledoux co s works at bergen junction with privilege of sampling in transit at any sampling or other operations at perth amboy plant the seller is entitled to have a representative present the freight rate on ore from cobalt to perth amboy N J is 1020 per ton some of the comparatively low grade ores proved suitable for mixing with certain western ores and for this reason toward the end of the year a considerable tonnage of these ores ores was shipped od to the american smelting smelling Sm elting and refining co s works at denver colo A reduction wa was s made in the smelting smelling sm elting t charge to offset the increase hr freight rates other buyers of silver cobalt ores last year were the balbach smelting smelling Sm elting and refining co of newark N J S the united states smelting smelling Sm elting refining and mining co chrome N J and the pennsylvania smelt ing co carnegie pa |