The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-06-28
CHAS. N. SCHWAB BACK OF
BIG ZINC-LEAD MERGER
STEEL MAGNATEs SECURES IN
TERESTS IN MISSOURI AND
OKLAHOMA.

The most important news. so far as
mining stocks are concerned. says the
New York Commercal. is embraced in
the reports which came from Joplin,
Mo, to the effect that merger has
been effected of the Tom L. Mining
company and the Chubb Mining COM
pany with the Quapaw Mining com
pany. This lis the first step in the big
consolidation of znc-lead companies
which is being worked out by eastern
interests heading Industries which are
large consumers of zine as was told
exclusively in these columns "a few
weeks ago. The principal stakeholder
/ i'm the Quapaw Mining corporation is
/ Charles AL Schwab, and the plans for
the merger now announced were car
| ried through by II. w. Lehman. hnan-
cial agent for the steel man.
The Quapaw Mining corporation and
the companies which have been merg-
ed with it own mines and leases in the
Picher zinc and lead field of Oklaho-
ma which field is reputed to have the
highest grade zinc-lead ore in the
world The Quapaw Mining corpora
ton has also purchased the Wolver-
inc mining mill. which adioins the
properties of the Eagle Pitcher Lead
company in that district It is stated
this mill will be in operation as soon
as some desired improvements are
made on it to insure better results.
Many drilling rigs are now at work on
the mining properties which have just
been acquired by the Quapaw testing
the ground for its ore runs. and a large
plant will be installed to de-water the
ground and thoroughly develop it,
Merge Zinc Companies.
Local interests who have thus far
had a good line on the affairs of Chas.
NJ Schwab and associates in the zinc
industry state that the noted steel
man is planning an early S50,000000
merger of zinc companies and that
the final consolidation may be the
largest zinc-lead company in the
world. It is added that Schwab be-
lieves that the keystone for such a
consolidation is to be found in the
Pitcher district of Oklahoma, both be-
cause of the remarkably high grade of
the ore in that field with the indica-
tons of long life still ahead for the
field and the easy access of the dis
trict via direct rail haul to the gulf
seaboard This last named condition
makes the district particularly at
tractive from the standpoint of export
marketing.
The opinion persists that the final
working out of the merger plans will
mean a big securities flotation. Just
at present the stocks which are
mainly representative OF the activities
of Charles NJ. Schwab and associates
in the zinc industry are the shares of
the United Zinc Smelling corporation,
which represents not only operations
in the great zinc-lead fields of Okla
homa and Missouri, but also in the
Moundsville district of West Virginia.
The stock of the Amalgamated Lead
Zinc Shelters corporation also COM
mands attention because of the extent
to which associates of Charles NJ.
Schwab are represented on its board.
Otto Proells. one of the directors of
the Amagamated Lead-Zinc Shelters
is manager OF tine Schwab
properties at Moundsville, w. Va.
George W. Moore. president of the
a magamated Lead-Zinc Shelters, act
ed as trustee for the Schwab interests
in obtaining valuable Indian leases in
oklahoma in the past few months and
corporation.
Amaleamated Lead Zinc Co.
"The Amagamated Lead-Zinc has
wo big producing mines in the Pitcher
district Of Oklahoma and smelter at
OlIla in the heart of an
,ther important zinc-lead field. This
melter is considered particularly well
coated for export shipments. Because
If its smelter properties, its mining
properties and the extent to which the
;chwab interests are already reported
Identified with the Amagamated Lead
zinc Shelters corporation, the opinion
PREVAILS in some important securities
uarters that that company may also
,e slated for entry into the final con-
olidation which the Schwab people
Ian stock of the Amagamated
cad Zinc Shelters, which closed the
week at 81 has for some time been
eported under quiet grooming" for
n important demonstration. The
pinion has prevailed that except for
he condition of the general securities
market during the past few weeks
hat demonstration would already be
-ndal. WnV