Show THE LEAD DO TRUST ROBBERS how the ore producers are swindled SOME APPALLING FIGURES I 1 raise false quotations sent out ly by the nw now york exchange load lead producers aitho at abo mercy of the combine Couill no tho the steal reaches as high as 7 per ton mining news much has hall been published at va various howl times in the past concerning the man manipulation ip of lead quotations by the a melting combine or more property properly speaking the lead trust but until lately the absolute proofs of tho the allegations have been lacking yesterday tho the tribune received the documents which provo prove to what A a serious extent the producers of lead ore in fit this region have bave beert been robbed by the lead trust of from 1250 25 60 to lo 7 on oil nil all the lead contained jn in the ores which have been converted into bullion by tho the smelters shelters sm elters to appi celato the magnitude of uio the 4 an V eating the western producers producer have been subjected to by the lead trust a perusal of the following figures li iq recommended om which eho chow tho the prices at which sales are made of dell I 1 ries of lead in warehouses war licensed by t the he new york metal exchange at net cash prices and lit in quantities of not less than twenty five tons HER henl I 1 ARE THE FIGURES on april lust last tho the lit selling liffer price paid for lead in new mew york wan per pound from april to 2 salli inclusive was waa the selling figure on the it dropped A rents cents and on april the basis of settlement tor for deliveries was waa to may 2 2nd and In inclusive elusive the quotation was w As the same from may 3rd ard to it alth K 3 35 wa as the actual price paid pit an MAY irth was rho settling basis and the correct quotation ott on the lith mil and vaa mas on may the price dropped 2 cents but 1 rallied allied abaft 1 the next day the next nel ahree days was the ruling price but from may to june ath th inclusive was the real quotation donjune on june bbb fth and SS 32 ruled while on an this the lead was up lit 2 cents find and on the ath it was orr off 1 24 ll 11 cents from the three days daya named E excepting x on june ath when the base metal i allied to ij the settling gettling price PAN paid for lead in new york flora june to the 1211 inclusive was per pounds tho the tribune to la in possession of not only the documentary proofs of the foregoing statements state menta of the prices paid and the dates but the official dally market report of the new york metal exchange 1 doled dated june ID 19 isih 24 fur fill liphes e evidence of the manipulations complained complaint 4 of the report gives the settling prices farj for juno july au tuat and august deliveries of lead at per pounds for 8 september e c and october deliveries and for november METHODS OF ahr ROBBERS the highhanded high handed robbery perpetrated on oil the lead ore producers Is done in this manner the new york quotation by telegraph gove governs ans the price pi ice paid for ores by he pm ellera ott on the day essays assays are made during the entire tram from april to june the actuate acau aclu l pi lees ices paid for lead in ill new yolk ranged from down to and ill i to but till nil the while the quotation on oil the metal was sent out by telegraph from new york at tier per pounds on this latter basis the lend lead ore producers were paid tor for their product by the local and eastern shelters smelters sm oni elters while lit in reality the ruling price waa 20 to 35 3 cents centa per pounds high higher was c r in this manner the producers of U utah tri h idaho and the entire intermountain intel mountain country leave been robbed of thoun thousands ands of dollars the booty going into the hode coffers coders of the lead trust the fraudulent manipulation of the quotations sent from new york by wire la is done by two brokers brok cra selected tor for the purpose BC ning fling the price of lead at or per pounds and the new york metal exchange agrees on these figures as the price smelters shelters sm elters are to pay for the base metal contained in lead ores the assertion Is based on oi o i information by the secretary of the exchange YEN MEN TALK TALI in ih older to ascertain what the local sm smelling smelting smell elting lne men had to siy say ott on the subject a tribune reporter importer yesterday caned called list first upon T K R jones of 0 the tha mant manla a smelter when mhoon tho the complaint and the documentary proofs ot of the swindling 0 of the lead oro ore producers by the emissaries of the trust mr jones said raid lie he knew know all aloni along that the load lead trust was vaa retting getting the best ot of the smelters shelters sm elters its ia well as aa the producers bill lie ho hod had no idea tint that the figures were no BO appalling wo we are at the mercy ot of the gt guntle truitt which sald said mr ill jones included all the heavy consumers of it lead bullion and if ea remedy dy could bo be devised ho he would iw be glad to see it the trust bad tho the cinch arid and the shelters smelters Bm sm eltera elters as aa well as aa the producers are arc helpless and powerless Cont lau ing mr jones said bald that the producers were the heavier losers because the th shelters smelters nm sm elters paid the same name as aa now new york tork quotations viz 33 10 or for lead ores on the hie date dale ot of a aja sabinc alne deducting 10 tier cent usually for loss in smelt ing whereas There aa mr jonfa jones claimed the sm melera elters race ailed for their bullion tho the ailee pi ire from new york the day the shipments were made conse conee quent nuen lly ly it the actual new york tork quotations ratio were telegraphed the producers produce rg would receive giai much more for their or erwi and the sm shelters smelters elters would sell dell their bullion for correspondingly higher prices the margins collected by tho the sm smelters elters in the way ot of charges would not mr jones stated be ln in crea creaked lied in consequence of honest quotations by wire HANAUER SUGGESTS FIGHT hanauer who was wan present c con oilme ruurd in mr joness bonc jonc statements state menta sug BUST howo however vcr that the piau e c ro try to fight the trust inasmuch as aa t the h 0 local shelters smelters am sm eltern elters could not hope to successfully cess fully cope with the lead an anttn attn attarde A of tho the pennsylvania renn sylvan I 1 a Sm smelling smelting elting company was waa not astounded attoun deu at ai the placed before him by the reporter nor bior could be suggest an effective remedy tor for the manipulations by which the trust la Is enriching itself at the expense of the ore producers alio reporter x next endeavored to in W F james president of this the utah litah ore producers association in the hwe hope that eliat he would have hava some onie sagres tiona in the way or 0 a remedy by which the lend lead ore producers could receive better prices for or their products product ii but the gentleman was out ot of town As it la Is now the producers are arc compelled on account or oc the fraudulent telegraphic quotations to receive less lea thin than the actual new york selling gelling prices for their lead and it behooves the producers to endeavor to correct the great ereal injury headd d upon them by the lead trust |