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Show If The Market and The Mines He i Bif A great number of remedies have been sug- pL gested as a tonic for the debilitated silver-lead Hf w market The proposed treatments cover every- V I thing from Christian Science to Osteopathy. Down mk 1 at Joplln, Mo., the pastors of the churches took II up the matter of the tariff In their prayers and B petitioned volubly for the retention of the pres- IIJi ent duties on lead and zinc. They prayed in H the spirit of the hunter, who said, "Oh, Lord! Wbm Help me If you can, but if you can't help me Hill don't help the bear." The ministers would be K- ft willing to have a lltyle more added to what the HL F Joplln mine owners have got in the way of a H tariff, but if this cannot be done they want the HO schedules left alone. HL'1' & je m v Instead of appealing to the throne of grace Hj 1 in the hope of causing a reflex action in the ways H f and means committee of congress Col. Ed Loose H and Mr. Clarence 13. Allen went to the congres- H j sional qommittee direct. The effect of their mis- H.t sion to Washington will not be known until the 4 extra session is called. Should their plea be Hf granted there will always bo an open question as to whether the result was due to their elo- H& quence or to the influence of the clerical lobby H with the Ruler of the "Universe. B w w w HI Not all mine owners are panic-stricken at ithe possibility of a reduction in the duty on lead. Owners of copper and gold properties can contemplate contem-plate the possibility of such a change with admirable ad-mirable equanimity and some of the gentlemen personally interested in the mining and sale of lead ore confess that a cut in the tariff, if it does not exceed twenty per cent, will have little effect on lead prices. They are frank enough to admit that a tariff reduction which does not affect prices Bg is of no use to anyone save the penitent stand- i patter bent on redeeming the tariff revision pledge 1 of his platform. Th removal of the whole duty, i or even half the duty, on lead would affect the BI price and, with silver; near the lowest mark Hl in its recorded history, would be a solar plexus Hr blow to countless mining enterprises. If the in- Hp terests of the whole people shall ever require H the withdrawal of protection from lead the H change should be made when the price of silver H is high enough to afford compensation for the H loss on its companion metal, and when home Hj consumption is at its best. H' & & Hj It should not be assumed, however, that the Hj lead mines are helpless dependents on a protec- H tive tariff. While the Influence of the tariff is H; considerable it is very sjnall -compared wJjtjh. H the effects produced by variations in the con- H sumptive requirements of the nation. The H brightest hope of the lead miner now is that a Hj quick industrial revival will stimulate the de- H mand for plumbing materials, telephone cables, H paints, cartridges and other things in the mak- H ing of which lead is largely used. The Salt Lake B gentleman who advises that everyone buy silver H articles for Christmas presents to help the silver H market, is on the right track. It may not be H advisable to paint the town red simply because B you have heard that there is lead in paint, but it H is patriotic work to keep roofs, fences, porches H and woodwork in a presentable condition. B & Jt H From the showing made by the Silver King K Coalition comj any in its first published report H it is evident that some companies can prosper IB in the teeth of a miserly metal market. There Is H nothing worth mentioning except silver and lead HH in the output of the Silver King, yet it can vnd H will, give Its shareholders $375,000, or cu Ay B cents a share, ns a New Tear present. After this BB double dividend distribution there will still be a nest egg of fifty or sixty thousand dollars In the treasury. Captain Duncan McVichle puts the tonnage of ore now available In the Silver King properties at 99,000 and estimates the values on the average market at $5,580,780.90 gross, or ?3,-G71.G48.89 ?3,-G71.G48.89 net. In the undeveloped portions of the estate there is reason to expect a tonnage of ore many times as large as that now blocked out. 5 5 v The conservatism of the Uncle Sam Con. management man-agement was in evidence at the last meeting of the directors when, rather than encroach upon the hoard laid by in the treasury for a rainy day, the officers reduced the monthly dividend from 3 to 2 cents. As the' October dividend was 5 cents it will be seen that the Uncle Sam is following fol-lowing consistently In the wake of the silver market. mar-ket. There is sense, all right, in hanging on to a rainy day fund. It is less of a strain on the nerves to lop a cent or two from an overgrown dividend than to levy an assessment of a cent or two for the purpose of keeping ore reserves ahead of the stopers. It is the neglect of this provision for a rainy day that has placed the Carisa under the necessity of diluting Its capital capi-tal stock with a fresh 100,000-share stock Issue. The increase will bring the total to 600,000 shares. Manager Loose will use the proceeds from this new issue to extend the underground workings and improve t'.e surface equipment. w c5 cJ There are signs that the brainstorm which has made of Iron Blossom the leader of the bull market throughout the summer, Is about to subside. sub-side. The talent has waited with extraordinary patience for the strike that was to make Iron Blossom the biggest thing in Tintic, but that patience is getting frayed around the edges. If the spell Is once broken and Iron Blossom displaced dis-placed in favor of a new leader a strike will come too late. It surely behooves the management to be up and doing. Fortunately for the market, and the investor, too, practically all of the Blossom Blos-som stock sold at recent high prices is now in the hands of the speculating element. The class that buys stocks to hold them has been suspicious suspi-cious of the Iron Blossom boom and has refused to come on. 0 That Nevada Hills stock will be dragged from its retirement and pushed into the limelight before be-fore many weeks is the conclusion to be derived from Faii-vlew, Nev., gossip. Gold is said to be appearing in larger and larger quantities in the shoot lately opened at the 300 level and the sulphide sul-phide character of the ore is hailed as a guarantee guaran-tee of permanency. The one thing needed by Nevada Hills to put it in the iront rank of substantial sub-stantial mining offerings is a demonstration by means of a 500 or 1000-foot shaft that the ore bodies bod-ies go to the deep. J & & Tintic's list of shippers now includes the Ajax, Black Jack, Colorado, Victor Con. and soon will take in the Victoria and Grand Central. The rumor ru-mor that the American Smelting & Refining company is about to swallow the Tintic smelter, feathers, bill and gizzard, is causing a litUp uneasiness, un-easiness, but Is not generally taken as serious. |