The Idaho Springs siftings-news., 1905-11-18
SILVER AND LEAD
THE MINERS WILL RECEIVE MORE Paw
ron BOTH METALS.
TRUST DIVIDES P0R1IoM0F PROFITS
We WILL rAke oUrA FEW THOUSAND
TONS OF LOW GRADE ORE.


The announcement this week Of an in
crease Of from nine to seventeen cents rer
auit in the price paid for lead in ores
0y the local ore buyers is received with
grati6cstion by the mine operators and
ieasers in this district. Under the new
schedule the increase ~ill amount to
from As cents to $50 per ton, depending
on lead contained in the ore or conce n
trates. As the average lead ore and con-
centrated product carries 10 per cent.
in lead the increase will average g per
ton for that class Of ore. No change IS
made in working charges nor IN the
method Of figuring the treatment on a
aat schedule or reu raj basis, and
the new rae sppies only to the price
per unit paid for lead in ores. This in
crease will undoubtedly stimulate the
production Of overhead ores in this
county, and together with the upward
tendnecv Of the silver market will re-
suit In the reopening Of the lower grade
properties which have been idle since
the white metal received such tumble
over decade ago.
Manager K. {. Bonney. Of the Sun and
and Moon u,ine, was seen. when advised
Of the increase in thu price paid for lead
ore by the smelier Ieople sal 1 "my COM
pauy vas one Of the two big producers
in this section which secured contracts
with the smel,er people for their entire
output early this year before the advance
in treatment charges, caused by the
closing down CT Independent smelter
plant at Golden. and the removal OF
competition. While the rate is not en-.
tirely sstifactory it is probably as good
- can be obtained and if the increase il,
the price Of lead is followed by . like
increase by the trust, it certainly will
prove a great benefit to US and to all
Clear Creek County. The entire pro-
duction OF Clear Creek County as figured
in the past. shows hat in all ores moved
from this County to the smelters, the per
centage of lead was I8 as compared to
az per cent for copper, 40 per cent. sill
yer and 80 PR cent gold so that any in.
crease per unit for lead must naturally
help every mining company The
present furry will not effect our pro-
duction b; it will in time, as our pre-
sent contract was made early in the
year and runs for twelve months.
There are many mines surrounding
Idaho Springs with q lead product,
which. if granted the increase, will
naturally increase their production Of
the lead output. With US our lead ores
carry higher values ia gold and silver,
more so than our sulphsde ores, ON both
Of which we have contracts. Just at
present we are making every effort to
produce lead ore. our main operations
being in the driving of our lateral iron,
the Newhouse Tunnel At depths Of over
1000 i.et. and this lateral has now
reached distance of almost 1000 feet.
the Object being to open up the o:e body
the Garden shaft down through the
Minott worki' gs The ore now being
opened in our Newhouse drift with its
pitch gives US depth on this ore body
Of 5000 feet from the point where it
apexes on the west of the Garden shaft
where it was encountered in the New.
house drift"
Manager John Owen, Of the Gum
Tree mine, which is considered one OF
the larges, producers of lead ore in this
district. having been notified by Siftiugs-
News of the increase in the price of lead
by the smelters said:
II have considered that the snielters
have exacted the equivalent Of about $40
per ton in treatment charges on my ore,
by arbitrarily making q price per unit
which VAS net Effected by the mark ct
price of lead bullion"
Mr.. Oven has just made q shipment
of two carloads Of lead ore to the local
sampler and the increase in the price Of
lead on the lot will amount to over $500.
When queried as to his attitude the
movement on loot to take legal measure
to force the smelter trust to pay market
value for lead ores. Mr.. Owen. who is .
southern democrat, replied: II should
prefer 10 assist in the election of Cugeen.
helm a. United States senator, for ss .
representative ofthe trust he would pro-
tect our mutual interests"
The Modern Protective association
has arranged TO give dance At the opera
house on Wednesday eve ming, November
3e.
A masquerade bail vi II be given at