Inter-Mountain Republican | 1906-06-05 | Page 6 | Taps New Vaults in Old Swansea

TAPS NEW VAULTS IN OLD OH SW Management Begins Active Sloping on Level FINE SMELTER PRODUCT Margin Art Art- Limited I tl hut hilt June 1 Will Appear at Homes blues of I tho 1110 I uc S Shunt-el Shunt II The active o sloping of oC ore on the foot SOO level of the properties of the Swansea company at It Sliver Silver CIl City TI n t Ic was begun yost yesterday erday in morning orni I nig tIll the output finding a rea ready y market at atthe atthe atthe the furnaces of oC tho ho United States Slates Smelting Smelling Refitting Refining Mining company I In hi tho the valley alIey II ey From Front this source the theor or ores s are arc maintaining an average crale of or 30 O per let cent iron with fourteen ounces silver an and while the margin is not to tobe tobe be compared with that of which the output o of earlier days was productive Ili It lt Is enabling Manager Ge Geddes Ceddes es to maintain a surplus sufficient to lo p provide pro PIO I vide Ide o for or all nil contingencies while a n. quarterly dividend Is passed around The Ilie record for forrar May shows show that dUlIng dur- dur lug Ing ng the month the lie management ment came cam cameo to o the smelter with a little more than COO GOO tons OilS of oC or ore This Is a little less than han the normal owing to Ic work pro pre to active sloping in n a a lower level evel With the manner matinee in which the he property Is behaving during the lie lean can Interval Mr Geddes who Is of oC the he belief that big things await the lie company at great depth Is well weB pleased d. d Otherwise con conditions at Sliver Silver City continue in the Ow torpor by hy which i the they hey vere eIe overcome o several cral seasons on ago aJo