Show i SMELTER SITUATION It is stated today upon t the authority ty it of the manager of a well known pro pro- r mine that the railroads are I staving off the negotiations for conces- conces l Siong t ns In freight rates on ores pending the firing up of the American Smelting and Refining company's new smelter 1 which should start some of Its furnaces I b by the first of June It Is believed that f then both the smelters and railroads will afford reductions which will make It possible for the owners mine to market marl mar mar- l I ket ores at a profit The same i I ty says that the smelters are offering I to make make con con tracts on a basis considerably r. r bly more favorable than the old contracts contracts con con- tracts but that the figures are not yet r reduced to the desired point At any rate it seems that the producers are 11 destined to ben benefit from the smelting I competition II I I |