Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1900-01-06
THE NEW SMELLING SCHEDULE.

The Salt Lake Tribune of Saturday,
Dec. 30, says: A notice which is posted
above the producers desk at the American
Smelling and Refining company's works
reads as follows and appears above the
signature Of Hon. T. r. Jones, district
manager for the American Smelling COM
pany.
"SAET LAKE, December 80, 1899.
Dear Sir:-After January /, 1900, the
American Smelling and Refining company
wishes to do away with the brokers quo
tation on lead and in its lieu the quotation
of the average actual sales in New York
for the previous week will govern the set
Ting price Of lead for the week following.
The full price of these average sales viii
be paid less a deduction Of one-eighth Of a
cent per pound. viii this be satisfactory
to you. If SO, please sign this and return
TO me-"
In the observance of this plan, the
average price of lead which shall rule dur
ing the week will be ~telegraphed the differ
emit managers of the different districts on
Monday morning Of each week and the
belief is expressed that it will be more
satisfactory to producer and smelter.
Between the market at which actual sales
of lead have taken place in New York and
the price that has been arbitrarily fixed by
the brokers the difference has not infre-
quently reached as much as Sc per ton,
and during such periods trouble between
the producer and the purchaser of lead ores
has been invsribly fomented. With the
price regulated by the average price at
actual sales that took place the previous
week, this should be overcome. A smelter
official says that under the new rule the
producer should get a better price.
As published in last weeks SENTINEL the
new schedule of working charges cent out
to the mining superintendent OF Eureka
by the American Smelling and Refining
Company of Salt Lake. points to an in
crease in the working charges of all ores
from the Eureka district. According to
this schedule nothing will be paid for the
lead in lead ores containing less than 3 per
cent of that metal. There is much Of this
ore in the district and this change alone
will no doubt prevent the shipment of a
great deal of low grade ore from this place.
Continuing the subject in an article on
the price of coke the Tribune's showing is
that the smelling company has recently
been submitted to an additional expense Of
sl75 per day by the increased price Of
coke, coal and iron ores. How the pro.
ducers are to be benefited by the increased
expenses Of the smelters is ~problernatical,
except in the case of iron ores, and according
to the Eureka schedules the company pays
the same price for iron that it has paid for
years. so the miners are not benefited in
that matter.
The advantage Of settling for lead at the
average price of the actual sales in New
York for the previous week is more than
counter balanced in this district by the
deduction Of of one cent per pound on
lead.
Ninety per cent Of the assay of lead
at New York quotations is now paid,
less $50 per ton. which, with the l of one
cent per pound added, makes a deduction
of sS2 80 per ton. In the past from s23 so
to SGT so, depending on the percentage Of
lead, was deducted. This will make a
difference Of from 81 to SO per ton on lead.
We also pay one dollar per ton more for
treatment charges.
All changes in the new schedule are I'M
favorable to Eureka district.