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Show OASTORZA. Bu ti Ita Ktod Yoa Kan Ahwjrs Boa&Jit GUGGENHElMS BUY FEDERAL PROPERTIES 6POKANE. Wash., March 29.-Charles Sweeney of Spokane has sold his stock in the Federal Mining and Smelting company com-pany . for $2,660,000. There seems little doubt that Mr. Sweeney has sold . his stock, although there Is some uncertainty as to the figure. It Is believed control of the Federal has passed to Guggenheim, which dominates the American Smelting and Refining cofnpany. . . With the closing of Mr. Sweeney's connection con-nection with Federal, the last Important vestige of interest in the big Coeur d'Alene combine passed away from Spokane. Spo-kane. . There are 10,000,000 shares of preferred pre-ferred and 6,000.000 shares of common stock In the Federal. That gives a stock valuation of about 16,000.000. At the present pres-ent dividend rate It is paying fl,2M,000 a year. The Coeur d'Alene produced 10.1904 B0 per cent of all the desilverized lead In the United States. The Federal company produces about 40 per cent of the Coeur d'Alene output. It is thus an important factor In the lead market and the connection connec-tion with It la valuable in tbe interests of the American Smelting and Refining company com-pany in its efforts to form a monopoly of the lead trade. '.'"'.' In 1904 the Coeur d'Alenes produced 217.-900.000 217.-900.000 pounds of lead and 2,650,000 ounces silver. Of that tbe Federal produced 94,-300,000 94,-300,000 pounds of lead and 3,032,000 ounces of silver. |