The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-05-28

The three metals seem to have an affinity for each other ahu my
ment that brings up the price of copper o silver helps "'"'a
svervm mine in the west. In this connection the Salt Lake Mining :"
view says:
Viewed from every standpoint, the operation of the SNer1e''
nineso Of ANY section of the country is accompanied by greater Denen's
than is the case of a like activity in any other branch of mining a~'
results mOrefar-reaching; and for the reason that more peOps
are dependent upon sifver-lead mining than there r III "e p""N
ton of gold and copper.
Several of the western states, which are productive OIL goo III
conner. with silver at a point where silverlead mines can be operated
at a profit. will witness a general revival which will fairly eclipse any
measure of prosperity attending the production OF either gold or cop
per. No matter how active mining operations may D e IN gOo ano
copper camps, this activity is a S nothing when compared to n Ver
whelming interest taken in snverlead production when quotations o
the white metal will enable the profitable operation OF the many thou-
sands of silver mines scattered so widely throughout this intermoun-
tain region.
"In Utah there are several mining camps which would be teeming
with renewed life and activity were silver to reach 90 cents a ounce
At even this comparatively low price Park City mines would mcreas
their production value by thousands upon thousands of dollars. Inc
same could be said of Tintic district, Alta, American Fork, Frisco II
Milford. Stockton, Ophr, and several of the districts of the Deep
Creek country.
.Then. too. ont can well imagine what the advance IN silver
would be to the many silverbearing camps of Idaho; all II whcn'
with but few exceptions, are practically idle at the present time win
silver at 60 cents the wonderful Occur dAlene district would douoie
its output and more than double its mine earnings. Elk City and Sill
ver CITY would come into their own again, and in hundreds oil camps
a shout would 90 up which would echo and re-echo throughout the
hills and CANYONS. herading to the world the fact that prosperity had
once more found a resting place within the environments OF this great
state.
Montana, too, a leader in copper production, would be greatly
benefited bv al advance of only a few cents in silver quotations; and,
as for Colorado, if silver were rehablhtated IN price, though still de-
barred from occupying its rightful place with gold, the Centennial
state would regain something of its wonderful prestige OF the past.
.sThe advance of a cent an ounce on silver often means the d1vld-
ing line between profit or loss. At the present time but few silver
mines can be operated proftably, excepting upon unusually favorable
conditions, or where the ore is above the average III grade. Fifty
cents a n ounce will not admit of profitable operation. A few mines
can operate with silver at so and SO, but these, as a general thing,
have a goodly by-product Of gold, lead or copper, or all of these metals
combined. With silver between "a and 80 the margin is III favor OF
MANY mine owners. One cent advance in silver, and what it means to
the mining industry, is illustrated in a statement coming from Boston
to the effect that a gain of one cent in quotation adds $4,000 per an
nun to the earnings of the U. S. Smelling & Refining company, and
that a Scent advance means increased earnings OF $22o,OO0 to the COM
PAW and it is also stated that the recent advance IN silver. COM
pensates for the decrease in the price of copper.
sSlver and lead, in the mining circles of the west, is the whole
meal. Gold and copper comprise the pie and cake. For the past few
wears pie and cake have been an almost exclusive diet, and an almost
ou1,Svo Ct hoe haap eatipp If -