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Show PASSES INTO COMBINE. Federal Mining and Smelting Company Com-pany Taken in by Guggenheims. Special to Tho Tribune. SPOKANE, Wash., March 2S Charles Sweeney of Spoknne has sold his stock In tho Federal Mining and Smelting company com-pany for ?2,CCO.0O0. There seems Httlo doubt that Mr. Sweeney hns sold his stock, although there Is some uncertainty ns to the figure. It Is believed control of tho Federal has passed to Guggenheim, which dominates tho American Smelting and Refining company. With the closing of Mr. Swecncv's connection con-nection with Federal, the last Important vestlgo of Interest In tho big Coeur d'Aleno combine passed awav from Spokane. Spo-kane. There arc 10,000.000 shares of preferred pre-ferred nnd 5.O00.OOO shares of common stock In the Federal. That gives a stock valuation of about 53,000.000. At the present pres-ent dividend rate It Is paying $1,200,0:0 a year. Tho Coeur d'Aleno produced In 10DI 50 per cent of all the desilverized lead in the United States. Tho Federal company produces about -10 per cent of the Coeur d'Aleno output. It Is thus nn Important factor In tho lead market and the connection connec-tion with It Is valuable In the Interests of the American Smelting and Refining company com-pany In its efforts to form a. monopolv of tho lead trade. In 190J the Coeur d'Alones produced 217,-000,000 217,-000,000 pounds of lead nnd 3.G50.0M ounces silver. Of that tho Federal produced 91.-C00.000 91.-C00.000 pounds of lead and 3,032,000 ounces of silver. |