The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-06-24
SHELTER CONTROVERSY
REMAINS UNSETTLED
SHELTER REPRESENTATIVES ARE
NOW IN DISTRICT IN EFFORT
TO SETTLE CONTRACTS.

~ Or LE GON KAI ),
With no visible change in the slh
alton concerning the Hercules and II
American Mining Il Smelling compan
controversy over contracts the reelm
continues to be expressed that the dis
triet will soon become the center ~
smelling industry and that large pnr
ton Of the ores now being sent ID out
side smelters Will be treated at locf
plant, The collapse of the spectacula
Jump taken by Federal common an
preferred when no announcement o
the acquiring Of new properties wa
made was evidence enough that Tn
Federal had not taken over the Hel
cules as was frequently heard. To al
appearances the deadlock continues
the Hercules mine and mill remain ldl
800 miners are rustling elsewhere To
jobs and the talk of smelter construc
ton grows stronger
SmeIter at Osburn.
That the big mine will remain idt
for any length Of time with meta
prices as they now are seems out q
the question and a move of some kim
Is looked for at an early date On,
report current on the street Is t. tn,
effect that a smelter will be under con
struction within the next three weeli
at Osbnn and that some smeepins
changes are in store for some cf thr
properties. Should su- pan ma.
terialize it would call for the expendl
ture Of over million dollars for con
struction work and equipment and re
suit in many changes in the preeen'
method Of handling Occur d'Alene ore.
Smelling Profitable Business
That the smelling Of lead-silver ore
is a profitable business is easily evi
denced from the reports Of the Amer
lean Smelling & Refining compan,
and the many other smelter concern
in the United States, Common stoc,
in the A. s. & r, during the past 1--WE
weeks has moved up from SG5 10 &S'
per share, a gain Of $40 per share Thla
rapid advance is accounted for in thc
high price of lead. The advance o.
2 cents per share paid last wee>
means enormously increased profits t.
the smelters.
Controls Half of Production.
The American Smelling & Rennln,
which owns mines, mills an(
custom smelters in the United State
md Mexico, controls approxlmatelr
lalf Of the lead production In the
United States, Mexico and British O..
umbia The American production o.
zig lead last year was 900, tons, o,
,ver 1000 100000 pounds. A gain of ;
ents per pound on approximately hal
If this output would be equivalent (,
t5,000,000 per annum, However, al
# the increment in the value of lea(
Ioes not accrue to the smelter. Tho
melter holds contracts with most a.
he leading lead producers whereby thu
melting company shares equally witt
he mining companies any advance Il
he price of lead above $40 per pounr
IN the recent advance in lead the ne
ain to the smeters ts approximate,
" cents per pound, equivalent t
bout $75O0.oO0 per annum on tnr
early output Of the American Smclt
ng & Refining company provided, o
curse, the price remains at a higl
avel
independents Grow.
The rapid growth Of the independent
meters in the conntry and the fac
hat nearly one-half or the lead OUTPUT
ow gees through independent dealers
hows the possibility Of the smeltinr
usiness when conducted with amp
apital behind the proiecr.
Whatever the outcome Of the presen'
the discussion Of the pr,
ailing contracts, manner in which til
res Of the district are handled anf
ow the large producers sell their out |
ut, has been Of an enlightening ma
ire to the people Of the district anF
iven an insight into the varied in
srests concerned in the producing ant |
Of the Coeur d'Alene ores
'- '--- ----------------------
The Gaekwar or Baroda, whose sor
ecently graduated from Harvard, has
Ho solid gold guns and two silver
mes. The gold guns weigh 400 pounds
ach, When the Gaekwar went to
leet the prince Of Wales, he took the
old guns with him to salute the En-