OCR Text |
Show BINGHAM'S NEW FOLICY. Will Give Preference to Custom Ores While Developing-. The management of the Bingham Con-according Con-according to a statement from the general gen-eral offices at Boston. Is to exorclno a more liberal policy toward tho neighbors In future, and draw to lesser extent upon Its own ores, notwithstanding tho large additions that have been made to them This Is inspired, perhaps, to a larger extent ex-tent by the Increased tonnage of ore that s seeking reduction at Its furnaces, than to any other Influence. At present tho Boston Con. of Bingham Is sending It 2CO tons of oro dally, with Uie contract permitting per-mitting it to Increase this to S00 tons, whllo In a short tlmo It will ho required to reduco tho product of the concentrator at the Nowhouse mines In Beaver county coun-ty without referenco to receipts of custom cus-tom oro from mlscollaneouo sources. In tho statement, the management says: Tho Elnghnm'a Commercial mlno yields ores which contnln satisfactory coppT-gold-sllvcr values, and ut tho samo tlmo a eubstant'al excess of Iron and tho management feels that this character of ore will bo greatly sought for Its. fluxlnc qualities ji few yenra hence. When sufficient Iron can -bo obtained from diatom ores to mnke n proper smeltor charge, therefore It Is to bo expected thnt th commercial shipments will be reduced nnd thnt tho mine may bo closed dowa for brief periods. Tho development work of tho past two or three years line blocked out a very large tonnage ton-nage of ores In tho Dnlton & Lark. Miner's Dream nnd Brooklyn mines, and of late 11 considerable proportion of tho company's output out-put has comn from these- properties. In view of the fnct. however, thnt the. Mnscotto tunnel, tun-nel, now being driven by tho compnny, will cut under these mlnfs, several hundred font below their deepest workings, six months ro a year hence, and provldo an avenuo through which their oro can bo extracted at a Eavlng of fully H per ton. It Is nnturnlly preferred not to drnw heavily on their ro.ourcs until this tunnol Is completed. Tbn Eagle & Blue Bell mines nro nlsD In process of dovelopmcnl. and the company cannot can-not as yet. becauso of Incomplete equipment, extract tonnngu from these prorwrtlf.i with economy H will be seen, therefore, that tho nlnns of tho Blnghnm company are fnr-reach-Ing and comprehensive, though It Is estimate 1 that there Is now In sight a flvc-yrars' supply of ore at tho rut,- of 16.0T0 tons monthly the deslro Is to contlnuo to add to this tonnao until the long tunnl Is completed nnd other nrrangements perfected which will cnnblo tho compnny to very greatly Increase Its production produc-tion at materially reduced costs. Aa development develop-ment work Is now progressing, there Is reason rea-son for tho belief that nearly 2.0C0.CO3 tons will bo added to tho nmount of ore In sight In tho Bingham mines during tho present year. |