Show ADVANCE IN SILVER the recent advance in silver quotations has had a stimulating effect upon the mining industry of the west viewed from every standpoint the operation of the silver lead mines of any section of the country is accompanied by greater benefits than is the case of a like activity in any other branch of mining and results are more far reaching and for the reason that more people are dependent upon sil ver lead mining than there are in the production of gold and copper several of the western states which are productive of gold and copper with silver at a point where silver lead mines can be operated at a profit will witness a general revival which will fairly eclipse any measure of prosperity attending the production of either gold or copper no matter how active mining operations may be in gold and copper camps this activity is as nothing when compared to the overwhelming interest taken in silver lead production when quotations on the white metal will enable the profitable operation of the many thousands of silver mines scattered so widely throughout this intermountain reg region on in utah there are several mining camps which would be teeming with renewed life and activity were silver to reach 60 cents an ounce at even this comparatively low price park city mines would increase their production value b by thousands upon thousands of dollars the same could be said of district alta american fork frisco and milford stockton ophir and several of the districts of the deep creek country then too one can well imagine what the advance in silver would be to the many silver bearing camps of idaho all of which with but few exceptions are practically idle at the present time with silver at 60 cents the wonderful coeur dalene district would double its output and more than double its mine earnings elk city and silver city would come into their own again and in hundreds of camps a shout would go up which would echo and reecho beecho throughout the hills and canyons heralding to the world the fact that prosperity had once more found a resting place within the environments viron ments of th this s great state montana too a leader in copper production would be greatly bene fitted by an advance of only a few cents in silver quotations and as for colorado if silver were rehabilitated in price though still debarred barred de from occupying its rightful place with gold the centennial state would regain something of its wonderful prestige of the past the advance of a cent an ounce on silver often means the line between profit or loss at the present time but few silver mines can be operated profitably excepting upon unusually favorable conditions or where the ore is above the average in grade fifty cents an ounce will not admit of profitable operation A few mines can operate with silver at 52 and 53 but these as a general thing have a goodly by pro duct of gold lead or copper or all of these metals combined with silver between 54 and 55 the margin is in favor of many niina mins owners one cent advance in silver and what it means to the mining industry is illustrated lust rated in a statement coming from boston to the eff effect act that a gain of one cent in quotation adds per annum to the earnings of the TJ S smelting smelling Sm elting refining company and that a 3 cent advance means increased earnings of to the company and it is also stated that the recent advance in silver compensates for the decrease in the price of copper silver and lead in the mining circles of the west is the whole meal gold and copper comprise the pie and cake for the past few years pie and cake have been an almost exclusive diet and an almost exclusive set hasteen has been eating it 0 |