The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1903-11-07
SHELTER OFFICIALS ON A TOUR.
Mr.. Guggenheim Expresses Interest
ing Views on Silver and Lead.

MI. Engagement Expresses lntcrc>t-
ing Views on Silver and Lead.
The officials of the American Smelt-
ing and Refining Company, on n tour
Of inspection Of their various plants.
after visiting St. Louis. Denver, Pueblo
and Durango, reached Salt Lake early
this week. The party is composed of
Daniel G~uggenheim. Harry Payne
Whitney, John Hays Hammond, Simon
Guggenheim and S. W. Eccles, says
the Tribune
After inspection of the ~million-dollar
plant at Murray, with which they were
much pleased as one Of the most efic-
lent Of those operated by the company,
the s1b;ect Of additional facilities was
PREACHED, and il is not unlikely that a
new smelssr, with copper treatment as
q specially, which has been in prospect
for SONS time, viii be erected alongside
the ous now being operated &. Murray.
although the undertaking has yet TO re-
csivs approval Of the board Of directors
Discussing the report of the Z. s
Commission On International Exchange
AID the agreement 70 fx the ratio at 80
to I. Daniel Gug-snhsim said:
The RATIO VIII undoubtedly be of
immense benefit Inc great effort is 70
regulate tos p~-od1cslon OF silver. a
r110 night ~ sxd which woaid ai-
vA1a ts rlcs o silver 10 g. an ounce,
Ia 7kA4 -uza -sszl1 IN a tremendous
-ro5zcran 473 tia r1os oo1i not be
Zz5zSEza3 Lhe salloa Is = price
axss5 z-,sz 1hs 8s7zA1 value Of silver
LIE Tia 3s-zIz3ts demand for il, both
a sDa1sy AM IS a metal Such a
Fr11s WI mi begsf N overproduction,
Ea1 SAGA rcs for the metal can be
u&nrE7sl l. il no, better for the
gwar u . silver mine to have a ratio
1n2f Eoz6 De permanent than n out
ID whSa ! grs2. deal Of money could
% E23= i = short time, but which a u
mi last TIE ratio of SO to l will not
BIS an over production, and yet it
VII enable some mines now idle to op-
s-4as ro1fably. . With a fixed
END there VIII be a better demand for
Er-"
Regarding an increased price for
lsAd- which it was reported mine-owners
Euad be allowed on their lead product,
Nj. Guggenheim added:
The matter is one that must depend
largely upon investigation. While it
seems apparent to miners that at the
present price the company is paying for
lsad we are making great profits upon
fhas metal, nothing is farther from the
Eafh. for it must also be remembered
that We dropped the price of treatment
70 An undreamed of figure. When silver
went down so low, we let our price of
treatment down also. so that the mines
could be kept running. We never
dreamed that we could treat ores as
cheaply a we are treating them today.
So when you take that into consider
alton, you can see that what profit
there is in lead is far more than offset
by the low treatment rate. However,
we will take the matter under advise
ment and it will be up to the board of
directors"
Commenting on the future of the
copper market, Mr.. Guggenheim said
that ssto assume that the withdrawal of
the Amalgamated company's output
would do otherwise than advance the
price of that metal would be ridiculous
ly illogical" In his opinion the out
look for copper was never so assuring
as at present.