| OCR Text |
Show II. S. OUTPUT OF PLATINUM GAINS United States Product for 1904 Nearly Doublr Preceding Pre-ceding Vear. HIGH PRICE STIMULATES SAVING HARE METAL Uk of World's Supply Now Coming From Sou tli America. That the United States mny at on dls-Btant dls-Btant date take rank among the leading producers of platinum is foreshadowed in statistics furnished by the Cnited states geological survej While the output Is still small, the advance In price and the knowledge of betier methods of treatment treat-ment win no doubt greatly stimulate this branch of mining induatry. War Affects Output. Tho war between Russia nnd Japan Is probably responsible for the fact that "mil of platinum In ihe United Slates Increased from 110 ounces In 1903, valued at J2ft8f. lo 2no ounces, valued at jnoo iii iho! owing to anxiety In regard lo the fat.) of ih,. pbiiinum Industry In Russia, the price of platinum rose about 1" pi r cent .luring ud. "it should not bo understood,' Bays Dr Duvld T. Iiav of til I'nltnrt Gtol.. 1! I ', - recenl report on the production of piati- mo uii. I allied m.-tals In lel. ' that tho slight rise of 10 per cent in the price Of platinum would serve as any great stimulus stimu-lus to the placi r gold miners of the West who furnish the platinum products of tho United States, for these miners nr. compar.tth . I lii.ln't. i.-ni to a slight change in price. Th scarcity of platinum plati-num ami co n acq u i nt rise in price, however, how-ever, i.d to much energy on the part of Eastern smelters of platinum in urging upon the placer miners of the West the advisability Of saving platinum In cleaning clean-ing up the hydraulic mines The Increase thus effected is Interesting us showing what is posslbli in the United .Suites in the future." Outlook Good. In the opinion of Dr. Day, the outlook for Increased production for tho year 1(KV Is good, not only on account of "the continued con-tinued high price of platinum, but because be-cause of the Investigation undertaken by the geological survey of the black Bands of the Pa. ill. slop.- and of the Inert ised knowledge thu9 furnished to the miners In regard to the value of the platinum and to simple means of saving It. South America Leads Th world's total supply of platinum for the year amounted to about :toi) kilograms, kilo-grams, or vr.j.", troy ounces from South America, and ih kilograms, of 192, WO troy ounces from Russia. No production of iiiaiitiuni from Australia was reported. A slight pr... In. t of both platinum nnd Iall.idlum from th - Sudbury copper mines COntlnuefl tO come, on the market, hut it is not profitable t.. extract all of the platinum an.) palladium w hi. h theai ores could furnish. Increased Interest In the oci urn nee of platinum in hydraulic mines and dredges of the Fraser river Is due principally to Ihe fact that the- na-tunil na-tunil alloy of Iron and nickel previously found In Josephine county. Oregon, and In Dal Norte county, "allfornln. has nlso been found In coinmer.-la I 'puintltlcR in the Fraser river nt Llllooot. New Find of Platinum. An Interesting and new occurrence of platinum In places In Sumatra has bei n noted by Prof L 8. Hundeshagen All Ihe American platinum came from t'uli-fornla t'uli-fornla and (ircg.ui Inasmuch oper.i-tlons oper.i-tlons have b.-en suspended In the Rambler Ram-bler COpper mine. Wyoming which furnished fur-nished some platinum tin ..-hi before The Imports of platinum Into the United states during 1906 ihowed ii decline de-cline of more than B000 ounces, due to Buropaan control of the aupply which also of course, aided the rise in price. Th. present pf lens are the highest that platinum bus commanded In recent yearn Makes Clo3e Saving. C Y. Puller president of the Mohawk-Alpine Mohawk-Alpine company. stoped In Llda a few hours recently while on the way to visit the Llda Queen mine and Informed a rsp-rescntatlve rsp-rescntatlve of the Enterprise that their mill was doing vers good work in saving thi values, the tailings showing an aver-age aver-age loss of but ' rite pi r ton Samples of the beada ahow the ore to run about $Jn, which would indicate a i per cent loss or i.ss. which Is certainly a very close saving. Mi Fullei estlmatea that 1S.000 Inns of tailings on the dump of the Mary mill can be treated bj tho process now In vogue ui a profit of $i co per ton, |
