Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-11-22
MILKING MONOPOLY.
The Smelter Trust Dividing up With
The small Lead Producers

Under the caption, Milking Monop-
oily, the Denver Mining Record has
the following 10 say concerning the
smelter charges and the increased price
OF lead:
while the American smelling & Re.
llning company has complete control
Of lead production, II has been the
impression that the producer Of lead
ore has been allowed to share in the
benefits OF monopoly prices. This i'm
preston is not in strict accord with
facts. Operators Of small mines In Ger.
tain sections, particularly in Colorado,
have complained that the arbitrary al.
lowance made by the trust for lev In
their ores fell far short Of the real
value discrim nation between sections
between large and small operators
was alleged. and concerted legal action
10 compel fairer treatment vas sug-
gested.
But the smelter trust is too wisely
managed to kill the goose that lays the
golden egg. II needs lead ores more
than ever now that there Is an over
supply Of dry" ores from southern Ne
vada, and the incipient agitation was
not allowed to come to a head. a new
schedule far more favorable to the
mine owners has been established In
Clear Creek and Cillpin counties. in
Colorado, a Q similar action will follow
in other districts where there has been
dissatisfaction. The difference between
the old and the new prices in from 10 TO
II cents a unit. a unit. It may be ex-
planned for those readers not familiar
with ore buying methods. is / per cent
Of one ton. Bearing this In mind, II
is easy TO calculate the added income
that the ore producer will receive un-
der the new schedule, which Is as fol-
lows:
From 8 to 10 per cent lead. old rate
20 cents per unit new rate 35c,
Ten TO Is per cent lead old rate %
cents per unit. new rate 3S cents.
Fifteen to % per cent lead, old rate
% cents per unit, new rate 10 cents.
Twenty to % per cent lead old rate
| % cents per unit, new rate AZ cents.
Twenty-Five 10 30 per cent lead. old
rate 80 cents per unit. new rate A
cents.
Thirty to % per cent lead, old rate
80 cents per unit, new rate 40 cents.
Thirty-1ve to 40 per cent lead, old
rate 80 cents per unit, ne wrate A.
| cents.
| Forty to 45 per cent lead. old rate 80
| cents per unit, new rate 57cents.
Forty-fve to so per cent lead, old rate
50 cents per unit, new rate IS cents.
| Fifty to IS pc cent lead, old rate 30
! cents per unit new rate 10 cents
on ore running 10 per cent lead. the
| difference. as Indicated In the schedule.
Is 10 cents per unit to sl.20 a ton. On
ore running 40 per cent lead, the differ
| ence Is Is cents per unit or So a ton.
! In the latter case the producer will re-
! ceive $3.50 instead OF Sl2.S0 FOR the lead
contents Of each ton Of his ore.
Coupled with the comparatively high
| price OF silver the new schedule IL
expected to greatly stimulate the pro-
ductlon Of lead-silver ores and keep the
snelters supplied with all the iuxing
material for dry" ores they need. II
| Is quite possible that the larger ore
supply VIII bring about the reopening
Of plants now idle. The larger pro-
ducton and wider margin OF profit Il
certain TO b. reflected by increased
| earnings at the mines. For a consid-
cradle number Of them, the difference
between the two schedules is the differ
ence between debts and dividends The
new schedule also means more ira flic
and larger earnings for the ore-haul-
Ing railroads.
Prosperity. widely disseminated there
fore will be the outcome OF the new
| schedule. In this case a large number
OF people will derive sustenance from
| the milking Of mOrODOiv