| Show VE IS BE BEING IN G fOR AT 58 56 8 6 CENTS AN OUNCE the local offices of ot tho American lUng ting and nd Refining company today It r announced that settlements would 1 ado with shippers of ot silver er to their bus ous ua plants throughout the the tho country o on off basle basis of or 56 cents an ounce ThI la Is of or 41 U C cents 1 an ounce over o the made for tho the week ending st 1 II IL t. t and this thle new Is 18 for tor consignment of or the whIte metal e from tho mines mince from August AUgURt 12 lZ n nd ml Including August 1 10 Thus tho the thos thes es s that have havo boer boar ores will lye Ive settlements i in UI ruB rull for tor the trie sliver silver consigned up tip to today reducers seem to to be elated over o this and while the United es as Smelting company compan has not yet et reed reid re- re id ed ad as to the basis on which Ill make mak settlements for or the past k It li Ia believed belie by the tho local manager fill HI noon 11 be In lec receipt lpt of ot the same sameIce samee Ice ce e and will w Immediately notify Its per jer pen Tho The International has received ices ICe to make the same settlements as os American It is not only ony a 3 pleasure shippers of ot metals to learn that they get settlements In full Cull but In to this It I is gratifying ln to know that t lr re has hns been n a substantial advance advancer r the price that rul rud rIed d Just previous the tho he closing cloIn or of the mel metal 1 exchanges es he lie American Smelting and Refining pany pan announces that It made no sales our government go for tor tho the reason that hl not receive high enough bids 19 to lIty tin them in making the thc deliveries dell C metal that Is III heln hein being settled nettled for tor has hasin in II 11 sold old to dealers rs In this country and nc e C of or it sold Fold abroad abro While pome oine 1 r quotations h have hc c been reported III In don during durin the Ule- can h be hC l larnid arn id In Jn this territory The Tho is that 6 68 cents is the lila aver anT 5 j. j price for or the past pait week and that If It li IB 8 true lane that t London I Is 1 paying a higher c Cf Ce It may be reasonably rC assumed that next nt nt will b be he for another price pric and that the price ma may 59 or er 60 GO cents tot lost of or the mine mint owners that tha t were n tOIa toda today expressed d entire fa satisfaction cUon the tho hc manner manneT in iii which settlements for wore were being made The They admitted Lt t there n a number of reports oat at this time relative lo to higher r rc c ces s belg paid in some some- sections but butt t t the they were ere glad lad to he be able to oper- oper their properties during these thelle times limes of or certainty They feel feci confident nt about future of tho ho metal market and ex- ex ct wt to learn that both copper and silver p advanced Luh In price tine Mine owners have either cither closed 1 or curtailed opera operations arc are hopeful at fal th the Improvement will continue continuo and at lat a p permanent metal market will b be established within a short time While IJ o 3 smelters have ha not signified an an to lo hive have e mines resume operations to tol l there arc tho those e among the ming min min- g it fraternity who that It will bf be matter of ot on 1 oa short time until pro- pro u Icer will he d that th smelters e e anxious us to to e have them produce all oil the thee e possible The outlook was er very bright today and copper Is bought ou In any tn large s II unquestionably all miners will bev bo be v veti ven n employment In the Western mines most 00 O per cent of ot the m men n employed some of the districts have havo lo lost t their and aud the resumption of or opera opera- ins na on a larger scale will mean that ey Y will again be employed ed |
