Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1900-06-16

Ore Producers Will Attempts %
Regulate she Market

l power 10 De COuteuucu Will AZ sAo
lead market Of the world, and that is
the combination of lead producers
themselves. who for the purpose OF
"augmenting the use and consump-
ton of lead in the United States" are
forming a National organization. the
officers of which will have full power
to dispose Of any surplus in foreign
countries without demoralizing the
home market.
The Salt Lake Herald Of Sunday
last contained the following particu-
lars regarding the meeting OF pro-
ducers which was held in that city
the previous evening: There is per-
feet harmony between the prom oters
of the scheme to organize a State and
National lead producers association
and the managers of the smelter
trust. The trust favors q compact be-
tween the producers. and will give
its support to the project now being
undertaken.
That was apparent at the meeting
held last night in the Office of Bam-
berger & McMillen. At any rate. if
their is any opp osition to such an or
ganization as outlined in last Tuesday
nights meeting, it will come from
other sources than the American
Smelling d Refining Company
which, as a matter Of fact, if the con.
ditions of the report adopted are car
ried cut, will be designated as the
agent for the collection Of dues from
the producers, which fund, it is de-
signed, shall be used in buying up
the surplus lead, the over production
as it is called, and finding a market
for it in foreign countries. keeping
the supply for home consumption
about even with the demand.
efollowing synopsis of the report
of the committee appointed at a pre-
yious meeting is the basis on which
the State organization is perfected:
"Dues shall be based upon the me-
tallic lead contents of the product and
output of the parties hereto and each
OF them, and subject to the market
price oil refined lead under the stand
ard quotations as the settling price at
Salt Lake City, Utah, subject to the
following conditions: "When the set.
Ting price for the metallic lead contents
in the ore is 81 % per 100 pounds, then
the dues shall be 81 per ton on the
r metallic lead contents in said ore.
When the settling price is 81 so per
100 pounds, the dues shall be 81 per
ton on the metallic lead contained in
said ore. When the settling price i "a
81 65 or more per 100 pounds, then the
dues shall be So per ton on the metal
lie lead contained in said ore.
"Said dues to be paid to a local
treasurer or a general treasurer, Of all
the producers as may be designated
hereafter.
"The collection OF all dues shall be
made in the following manner: When
the product of ore or base bullion is
sold and settled for, either under con-
tract or otherwise, the purchaser or
purchasers OF the ore or base bullion
are hereby authorized and directed to
deduct said dues from the purchase
price thereof and Immediately pay the
sum over to the designated treasurer,
receiving a voucher for the anne A
voucher shall also be given to the SELL
err for all dues so paid.
1.-THE time OF continuance OF this
compact shall be the same as the time
fixed in the general organization here
after formed.
"This compact is only to take effect
after the organization OF a general Ma
tional body for the purposes as above
stated. All dues collected by this or
ganization to be used only for the pur-
poses OF increasing the demand and
consumption Of lead and other pro-
ducts of the members of the organization
and only to be paid out on duly author
lied expenditures by the executive
committee to be hereafter designated.
'If the demand and consumption Of
the product can be maintained without
any cost or expense to this orgsniza-
ton, then, the dues paid by the men,
bers hereof, shall, if deemed advisable
by the executive committee, be re-
turned to the members hereof in pro-
portion to the amount paid by Them"
STATE NEWS ITEMS.
Thos. F. Brennan has been ap-
ms u