Show SMELTING CONTRACTS MB COSO fOR O O ORE O Of I II TilE liE I f r MINES INtS Tho The Knights have ha c announced that thc they ha have havi signed I up two smelting c for ores oros from their TIntic mines for a a. a period of or two years Thu The exact terms of or orthe the deal are aro arl not given givon gl but It Is La of ot sufficient suf suf- Importance to know that they arc are liberal ral enough to allow alow tho the shippers I a n Rood mar margin ln on a large tonnage of ore or 10 to tobe be sent cHI dally daily to the Murray and Tooele plan plants ts Tho The American smelter at ix in to lie hC supplied with wih 50 tons of or ores ore orel daily dal fro from rout I no nosy until March 1 1 lJ 1912 The International li ii to bo be b supplied with wih seventy se sev sev- only enty tons toms dally daily dall for tho ho same period the caul-acter caul of oC tho the ore oro for each pl plant nt the same hl While ibis Ihl ore ar i IB 18 at It present coming comIns the tho Iron Blossom thlu o COntracts contracts con COn- cn- cn tracts specify pech that that they are aie to bo be lo for- for I from an any of tho the Knight properties In addition to this tho hr OJ American Smelting company compan Is to have o tho ho refusal of or all ni oro ore from tOI Knight ht properties In excess of th the tho amount It has bus contracted When ul urged rd for or n statement this morning morn morn- ing Ins regarding the terms of or the contract the Knight ht officials were not dl disposed to togo togo go 0 into details They Thoy finally consented to toa say a that of ot tho ho character of or oro ore now shIpped from Crom the Iron Blossom th the mining company would get Jet a not net let return of from 10 0 to 20 O to tho the ton This difference dif dif dif- ference in values alue is attributed to the the- the changes In tho the ore formation In th tha property prop prop- crt erty and It It I Is II they further explained thal thai the theore theore tlC ore ole Is shipped direct to the smelter Just Justas as ns it I Is broken down without any sort sort- In tog ing A At t this rato lion Iron Blossom would he h making from tOO to 6 OO dally daily daly which would give Sho tho the owners an au I opportunity ni lilLy to moro than double the tho present quarterly dividend of ot 6 cents a share and still pile plo up a big surplus But all aU of or this oro Is not coming from cominS tho the I lion lioti UI Bo Blossom om a at l this t time me The Tho he Knights have several eral properties and the Swansea la Is said to carry carr the highly sll- sll clous dOls ore are such as the smelters desire for tOl their copper furnaces Some of or the tho higher grade ores from rom Colorado Colordo and Iron Blossom BIns Blos som om have been Ileen shipped to tho the United States lea lead furnaces om fi-om time to time but hut under the lie now contract the these will wll wI probably bo be diverted to the Murray lead leac furnaces |