Show THE SMELTER TRUST ralph A grover of denver in an article in the san francisco call takes a rosy view of the outcome of the new smelter trust and predicts that its formation will result in much good to the ore producers of the west in this article mr grover says the smelter trust is a fact monday may 1 was the first day of its life if the parties in the combine do as they agree the smelter trust will be a benefit to the miner the ore producer and to the public it is certain that the formation of the american smelting smelling Sm elting and refining company will have the effect of shifting the center of gravity of silver and lead from london to new york the power of the trust is sufficient to control and make the price of silver the first contract under the new order of things is favorable to the miner and this is ao agreeable news the material contracted for is a low grade silver lead ore carrying some gold A concession of 50 cents per ton was made in smelter charges compared with previous contracts and in addition I 1 to this all the gold will be paid for As I 1 the company outputs output ts at present an average of tons a day the new concessions mean at least 12 per day to the right side of the ledger this contract if extended to other companies will work the trust smelters shelters sm elters to their fullest capacity and will have the tendency to keep the ore from flowing into channels not controlled by the trust it is my opinion that thai the trust will hardly find it to its interest to squeeze the miner to any great extent the miner will not stand it and the first thing he would do would be to build a smelter of his own the trust pre prefers to look at the other end of the deal to find sufficient revenue with which to pay of stock and in the manipulation of silver make the profit necessary sary that the dividends will be paid there is little doubt as the owners here have ha e taken stock at par instead of cash to the amount of over arran arrangements V cements have hav been commenced for the enlargement of the philadelphia ti smelter at pueblo and the present capacity will be increased 10 40 ap pp per r cent two furnaces will be erected each double the capacity of the old ones making an increase four times the capacity of the furnaces now in use e eight additional ro asters will be b built which will double the capacity of bf the plant for the treatment of ores requiring roasting eight hundred men are now steadily employed at the plant and after these im improvements prove I 1 are completed 1100 will be worked here and the work will be pushed forward to completion as rapidly as possible been resumed at the sacramento at mercur in sinking on the body of high grade ore disclosed in the from the tunnel level the outlook for this regular dividend payer is excellent the company will pay its usual monthly dividend of on thursday of this week |