The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1904-06-18
Last Weeks Announcement.

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Following the announcement made
in the Salt Lake Tribune on June 9that
the settling price Of lead had advanced
rs cents per 100 pounds in Salt Lake
the Salt Lake Herald of June 10 con-
tanned the article printed below. No
statement has come from the American
Smelling & Refining Company denying
the Herald's charges or putting the lead
situation plainly before the people.
Following is the Herald's article:
Lead in.ofes $3.50 per 100 pounds.
A. S. g. R. Company's quotation. &C
cording to weekly average sales price of
domestic, desilverized lead in New
York, 1926 per 100 pounds.
These are the quotations promulgated
in this city by the local Office of the
American Smelling & Refining Com
pany yesterday, and are the basis for
Manager O. w. Whitley's published
statement to the effect that the pro-
Queer would get 70 cents per 100 pounds
more for his product than he had been
receiving. Not a single mining man
that has had any business with the
American company who was seen yes
terday did not grin audibly when he
read it. Not one of them believed it,
because none of them had ever had just
cause for supposing that the American
company had any notion of advancing
prices to the producer while the selling
price in New York was declining.
New Quotations Don't "Pan."
All there is to the new arrangement
is that the company has made public
declaration of a condition that has been
prevailing all the time since the first OF
the present year. Since then every
producer with an output worth figuring
on has been able to make a contract
based upon the selling quotation in
New York, and as that quotation is
now 25 cents per 100 pounds under what
it was two weeks or so ago, n Az
cents less than the highest price reached
during the present year, it is seen that
instead of getting a rate that makes his
product worttS!75 cents per 100 pounds
more. he IS gaining nothing at-ail. but
gradaaily,receNin1 less.
The new method of making quota
tons, as given above. is said to cover
existing market conditions. In other
words, the men and companies who
have contracts based on New York quo
~tations, will be compelled to make SET
Element according to the average price
prevailing during the previous week.
rather than upon the days quotations.
The $3.50 basis will govern some old
contracts and apply in the future to
suit the convenien ce Of the smelter
management.
American Has a Fight With National
81 don't place any stock in Barton
Sewall's statement that the fall in the
price of lead Is due to natural causes
said one of the best posted smeltermen
in this State during the day. at is @
a well-known fact hat the American
company has o big fight on with the
National Lead Company. and II it does
not develop later that the decline in
price has something to do with that fgh'
/ shall acknowledge being mistaken
Lead may go lower hat We shall SEE
an advance until that fight is termi
mated. I do not believe"
Real Competition Predicted.
At several different mining Offices the
opinion was expressed hat the Amer
lean company was juggling with figures
in the hope Of convincing producer
that it was "the poor mans FRIEND" 81
to speak; that it would be nnwise foI
either the big Or little producer to enteI
Into q contract with anyone else, whil'
the American company was trying. to d.
SO much for them. But on every sid
the sentiment was expressed that tn
American company would get some rea
competition when the United State
company got its smelrer into operation
and it was apparent that no stock wal
taken in the announcement" that thu
American company was prepared to pa,
the producer here as much for his leat
as the company was selling it for on the
A.1.-e.~ aoanoar1