Show NEW DAY FOR METAL MINING the announcement that the freight rate on crude lead bullion to the atlantic seaboard refineries was reduced from 22 to 1650 on the leth instant will prove most ac 1 septable cep table to the producers of lead and lead silver ores in the western mining districts who will unquestionably receive the benefit of the reduction through the smelters shelters sm elters who buy the ores this gain of per ton coupled with the gain in price which should result from the application of the new protective tariff of lc a pound as against c should make the market price of lead bullion range about I 1 1250 per ton higher than at present which means that the miner should receive approximately per ton more for ore carrying b 50 per cent lead than formerly now if the railroads will trim down the cost of hauling ores and the smelters shelters sm elters will do their bit in meeting the general reduction program pro grani that must be carried out before the metal mining industry can again swing into its old stride the mining regions in this part of the country will indeed j have cause for rejoicing hundreds of lead and lead silver properties in utah nevada idaho washington montana colorado and eyen even british columbia have either been closed down or t greatly curtailed in operation during the past three years and many smelters shelters sm elters have thus been forced to reduce operations almost to the vanishing point the situation has beef even worse in the copper department of the mining industry and the point has been reached where a change must come or the metal mining b industry in this country must be counted out it is indeed that things b are beginning to sha shape pe up as they are for it means th that at activity on an extensive scale will soon take the place of the stagnation which has prevailed so long and which has had such a widespread wide spread effect on the industrial and commercial life of the west the crisis now seems to have been passed the dawn of the new day in metal mining is at hand |