| Show UNCERTAINTY IN COEUR 0 4 Lead Producers Are Not Sanguine Regarding Future 4 J Vl NT Nr 8 o Pen It nt at Here of ur r smelter t Ith Ex II Dire Irel Next ctt The Tho lend operators oper of ot the Coeur r look upon ullon the time future In a of O uncertainty There u is uno no sheaving there thre U IC I a 1 ratling toiling of ot much anions thorn thom amid there It Ii I n it growing opinion that they mutt TID II I sooner looner or liter Ister construct Independent plants although It U Is realized that they would experience much machi l they do no so In securing the time necessary fluxing ores oros nut Hut as ng pointed out mit In I the News Ne some days liars ago time tho CMur dAlene 1 I mutt mine owners are arc nt It the mercy morey of the smelter m lter trust nail under existing conditions tire IUD unable uMble to dictate term They rhey are somewhat In the Iho th Position that thc tho th Utah producer wore WON u It few tew years ago 10 before the est of ot the lit v tro rel I independent plants In III this I Hut But the tact fact that the time Coeur dAlone dAlene district does not produce pro luco the tIme necessary for Cor its HII lend lead ores arcs confront with a n problem which has ha h hl n fur for them to In tie the past Vast It Is in still cud and up to the tue present time the operators have havo been unable to 10 figure out II a plan Illan where by hy they can an emancipation from train tile the dictation of ot the tim smelting trust Their contract with the tue lat ml ter next lext September mind and until that time conditions will remain about OH aM they nr nrc with the tho output of thin the romp ramp limited to n a certain A correspondent of at the tho Lend Lead and Zinc News Now tit nt Ida has hilI furnished that lint publication some Interesting In formation from that region from which the tho following Is III an nn extract In looking back over the mining his tory tor of the Coeur II for the year 1902 probably the most omit Important de tie was trims the agreement arrived nt lit during the Ihl pant PRill summer by b which tilt the American Smelting anti i Ht company agreed l to permit the shipment of or 2 25 per ver cent ent inure moie ore oro than had been shipped monthly during durin tho limo preceding portion of the y year r The direct result of or this compact was wal n tt heavy hen Y of ot hl the em eni employment of ot more Snore men m n and mind of ot a general Increase of or prosperity throughout th the entire II nf f r tho district As It Is the aar shows shown nn an In Iii lead iced output or of LIs l lIl lead Il and a m ounces ounce Dune of ot silver sliver the total output being heinli valued at 60 50 Fourteen mines therefore there foro hold holl the distinction dl of ot having produced this Hum Tha Thu aggregate pales nies were decided d ly Iy h ler In tonnage auth values were rl much heavier titan than those thos of oC time the ing lear timid and had the tIme same Ame mines mine been working full till capacity during the year It Is I safe Stife sa tc to tl suy say that the output would bruit been Very close clow to the SIO 10 mooch mark Hut nut at that the years totals ore are the greatest In the time history of or tho Coeur and there Is Ie no nu par pur reason rennon to he be discouraged III at the tho achieved Tho total lead output of or the sliver silver lend least producing mines above mentioned wax Wa tons Ions agaInst tons In 1901 and ounces of or sliver silver ounces In 1901 or a II K Willi lii In iii silver output of ot ounces ounce Mine Mill owners say that W 50 cents centA per etI would be ht a 11 fair tIr average for or the past lAst year Yeats sliver r values lead imd has been settled for tor on a 1 b basis huhl lM of ot WM UM per por lain hun dr l pounds or TO 70 per ton ing from rain Dili teals basi the total Increase In iii output for tor 1102 1002 was valued at It 6 Despite this showing tho time situation Is III not regarded re us nil any allY Too too satisfactory by b tho th producers of ot this district they lisey believing that t It Is not It should be Ie In support of this contention they thy point to the fact that one mine the Frisco Will was s operated only during the last six nix weeks eek of the year this being time the direct result of ot the time recent agree meat ment with the merlc ln Smelting and company the California Con Comm Consolidated MM was In operation o but hut three mouths months and end there IheN wee was not a II single mine mini In the th district which did lIld not shut down at some time or other during time the year tIr Tint The would have been even more mor notable had IRd the total ca 0 of the th Ih district been heen pushed throughout th Ih the entire year Still tho the tact fArt thul n as producer wa we a added melded to 10 th list It I II matters matter matt remarkably for far It I stands eighth In rank In the tm i list hat of or r producer ounce of eli sil ver er 11 end nO 2401 ton tens of ot lead heath p the time a ml mu mutu h older olde mIni mine In 11 i n with the wave av of ot pros liro periL uhn h hut hag been made matte possible by hy the agreement between the i and the th siD d r if tr r the Ih Coeur them I is IA a tain tooth h of 1 doubt In the minds of ot many mUll n IU as to what the future may hac ha In ston for fr them By Ily tho the terms of ot the agreement which wee was 11 en into lu lust t August the mine amIne were wet t to II make H mu heavier ht output the insuring this im holding holdin rood until IIII next Hi i Wh hiv thi Ih of ot the tile ur enters mitts Into the II situation Is II the In if pert after that contract endi for tor It ii 11 claimed here th I hl t the American arid and II nil nilon on 1111 Kunf pr o Q pay par DO thu Ih market for li I ill i I anti in n t not to 0 m the th pro tu t ton I on SIt II a l table tahle his bavin that Ihal lit Is upon uliOn a I t 1 O i i me te to In any stat d period 1 i 1 i his hil condition arie ar nn as n now H i 1 i there thre In is lieu 1 nl H l that I i i tIll ilu ri ra r of or huM his 1111 1 wil w II 11 i enter I MM Inn hH s As Al c d t fl i nil SI Ii t ll ls l t let I Iro lu ii fI 1 h ill I f I holA n t 1 n ceiling i in Ill t I i t Iii JUu iru t for forIc n Ic tI ht vast pact all It Its product IIII PIO t 1 4 t I tu It fm Hers In which It Is III inter intern n I 1 Tit Tin of establish ii I n nit niu ts 0 oth 01 Icil itai smelters and end tf If t tI I I 11 t t t In all inn U t n their lend Iced product Into Inlo III nn t IK I h a U mutter I 1 1 11 i r 1 mt me In 1st i What hat ht 4 H I dI i 11 n th Ih lila Hint s a matter matterI I 0 h ti l iI i HIM i Ion Ct ll Ii oo 11 1 feature of ot a mining Is II it nil Its c and ami fl In that the Ihl d Al ne l Is Ss tr nily Iy fa Thie StandArd mint Pt l j ha i ati ui th tayon Is ii I 1 oI MK mg II Ih td n nj nis i of or 4 I tents hll A share hare nr or I fn ii i J r n tie Its t total UI dividends tn in it 11 i S J The Th Hunker Bunker Hill ii t I i n ji t i i i baying a a dividend lId of Qt ru 1 j I r oj N c e making a II monthly dividend of ONi SA which brings bring time the tot I nia of f the nn up to 1 1 Th Ih T Empire op os rantIng prating tim the th Lut InH Chanco Chance at nt and amul tile the th lit at t Burke is iii paying a of ot C S cents per II I share and has haA paid nut ut In dividends a 1 total of ot Tile monthly dividend of the mine Is In The Tue Morning Mammoth Hunter and an nil l Crown CrownPoint CrownPoint CrownPoint Point earned proportionate net profits but hut they have hae not lIt made public a n stub state statement ment merit of their t It IM Is motto to 10 assume how tr flint thay thoy the would double the hue amount hiLlel In dividend The net earnings of the tho district hOUll then Ihen be bl b over liver U OUO which does ioe not the gold during mines both Quartz quarts and placetA A Another story tor relating to the lead leHl silver mines of the Coeur rl reached Hull ait Lake today The Spa kane kan vl w Is in l authority for or the statement that a deal dealis I is pending pt which It If Include all an th the principal producers pro of ot the he district excepting the hie he Hercules ami Empire mines The con contemplated I purchaser In Itt wild said to te be bo tile American Co And that D U M At of Denver In t I promoting time t bo tied deul It Is said further tUr that thaI agents of the tho company O are Investigating In investigating II the properties under unlit option If Ii the d deal wl should go 10 through tho tM says nays It will bo hO both th Ih time mining transaction In the of ot the time northwest It will com comil comPI PI li the usda Heels and the Standard now on t tolled by Finch Campbell Camphell the tho Morning group anti and other oilier properties owned by Larson the he Frisco controlled by b Mr III the frown rown Point the th Hunker Bunker Hill K Sulli Sullivan van Iun timi probably hl all 1111 the tM mines of the th Hm Urn and anil other I letI ls HH properties The combined annual out output putt put of o these mines ll is I tram from to They employ about 2000 men and produce nearly 40 per cent of nt the lend lassi output of ot the United States f boil III at unite F P C I Is over from Halley Hallcy Buys Bays the thc Statesman He lie said paid last even eoll evening ing lag that they thy expected a 1 prosperous season over oer In that section The min nun mining minIng ing interest wore ivore looking up and much Important development wiB planned Mr spoke poke portico particularly of ot the Rosetta etta I In tho the LIU tie Smoky section He lie raid It gave very great promise The rhe ledges edges show showed showed ed cd values value nt at practically all points they the had hall been opened and tho tim of ot the Ihl lie veins was wa such as os to tn lead lesul to the time belief t tiny they would l be fOund permanent I While White there hail had not been sufficient development done don to war warrant warrant rant ono In passing Judgment on tho the district the thc Indications Indication nil all pointed to tolie the lie section becoming a tt large producer If It It were opened l ened up on a mm broad |
