Document NGDG4jXepNRdvYMKL1XJkOb7Q

K` Jfc,- <!:. f< 0 LEAD INDUSTRIES ASSOCIATION 4J0 UDCNOTON AVttKUC NCW YOWK If, PC t izjs rertrrrw - ncrnnsr J. B. Settlor, Tlco President Bunker fill and Sullivan inning and Concentrating Co* taHjygj Idr.ha V* in the Kertlmoat, aai I imagine that Mat of the la ad idnara end profeearm #ler*hers, feal a little bettor about tho load situation than mo did at this tioa t >at ** ,, . * *. A ** a aop 1 *<wl a*< m M fMv price for it* all of vhich makat us fool pretty good* The only flica in the ointment, as uo aoo the pietaro today* aro leber and texoa. is far oa labor la concerned a? hero* of courso* tho usual ca<^ negotiations noc going oa or ready to #t--rt and It ia oa yet too early to aay whether "o *111 sot along peacefully svi aottle up or if wo will hare a ttrike Another and ro-l problem already before os and which problem X foal uill bocooo Increasingly eoad-ooa* is tho loss of oar man to tho craai forcoa* to due conatrcctiaa Jobe* and to other so--celled o defense Jobs, illIstod reservists and officer roservoa, whatbor on active or laaotlvs lists* are being c.-llod into tho aorvlco. although aoao of that have bean granted the usual six sooths deferment It does not look likely that ae *111 be able to hang on to them. Hero recently all pnstoora of the Rational Quart have bean callad into the service. The local draft board has bean pretty good in not calling for tho ainera art asoltermed but me had a good many non ate wore registered olaonbara and they are r boinj taken s*ey from os by the outside draft boards* Several lar^e does have beoa started on tho Columbia end It* tributaries* Although no are paying aa hijb, If net higher wago scale, than any nc*v-f#rrous octal ainip- district, and *a mark a 1*8 hear mock, the dam contractors are paying 15 pjr day moro for alnora than no do and you con realily aco that ms have a hard Job han^ng on to then. Vo hollered about It to tho Defonsa Minerals .uhdnlatratiss and other government agendas but no action. Although theso Jobs are supposod to pay the going uago aealo in tho district tho cocouao ia that aomc other contree tort have boon paying a higher *age acalo. Tho latest dope ia that when ee can show ho* many man have loft ua to go to these Jobs than tho matter will b* looked into* Xfc other surds it looks like tho poVermont will then try to*lock tho barn after tha horso has boon stolon.* Tha other dotorrent is* of course, tho tax situation and particularly Via axsost profits tax* It doss not appoar to bo good sonso to ask a minor to accelerate tho dl jdng out of tho lidtod Mount of oro avail ship to him and than toko tho extra profit* s*ay from him* or at loaat tho greater portion of such profits. *o will also of oourse have tho ronowad troubles In getting supplies liu materials bat mu Spu to muddlu through sooubom* Proaontod at ths tjrd Annual Mooting, Load Industries Association* Kay 17-18* 19$1* Mona Tork, H. 7. at ths panel Discussion of Load Prodnoom* U a.igail !*,}.1.'' .IJW1JJ iiiitfpnhr run N 3280 r'int`r'-4iHrn a- I n happy to tell you that in other rospoct* prospect* aro pretty food for tho lead tndmtry in tho Nsrthwcst, In the throe Horthwesl states, Idaho, '.'aahlngtea and Menton*, no produced 11!:,000 ton* of load in 1?50 aa cooparod to 55,000 tom in 19U9, Tbo eonthly production thus far in 1951 la * little lots than in tho oerro*por>din$ pariod of 1950 but atlll -roll ahead cf tho corresponding 191& production* Mono of tho xlao* died during tho tout and moat of tho sines managed to dovolop aa such no* oro aa tho aaount that *aa xinod during tho year, Bmcvcr, in thia conaoa* tloo *o xust koop in Kind that lota of aatorlal la tho xiaoa which waa waste at 10 or 11 coot load bocaao oro with lead at 17 oonta* In our own Ooour d'Alono District which produced over SOf of tho load ia tho Uroo aortboost ctatca, wo had ooao intcroetinc dewdepaonta. Two year* ago Z told yru that tbo old Moraine Mine of tho Fodcral Company waa on it* last legs and ready to abut do e soae. VIth a bettor xarkot tho old alno la cosdng back to lifo, tbo shift ha* bocn sunk doepe, end tho production of oro will continue, Tho othor property of tho Federal Cospuy, tho Pago ins in tho wottcra part of tho district, found a now oro body or aaybo a foultod part of tbo wain ere body so prospocta war* continuod for an incrcesod production and lookad pretty good. In our ova {tanker RU1 xino wo havo had very favorable d-vulopaant* at depth and horisoctally, wo will kaup going for oany years to cone. Several Individual properties ia tho oastorn port of the district have been eonaelldatod la tho Hay klnes, Xnc., cad agsroaivo pro*peel ing aad dcvulopaeat ia anticipated* Tho venture by tho Aaorlcaa Sadting end Rofir&jv Company together with the Day Vines, Inc., on the Fulctn property of the Callahan Zlno-Load Company, which w*.* rentiooud by ao last year or tho year before, now looks like a now alno. 'Star apuviinj over a xillion dollars in roeonditioninc aa old shaft and ataktn* it 2200 fee. deeper aoao llai tod crow cutting froa tho bottoa of tho shaft ban already disclosed extensive ainoralixation. Although the shaft ia located in tho so-cullod ailvur bolt, very exodloct ahowlnga af lead have boon diadoaod in tho 11x1 tad proa* pee ting thua far done* Mots recently it baa been announced that tho Buda Company, togethor with tho Kuwxont Mining Corporation, the Kjv Jeraoy Zinc Company and the ltlaa Coxpauy, will undertake deop shaft sinking and dcop prospecting on the Atlas Coopery ground in tho oastorn part of tho district. Othor tsinos ia tho district have oontiauod aheft sinking and horisontal iorolopacnta, all with fair suecess, la tbo aouthont part of the state a new will to replace tho one that burned dawn * couple of year* ago at the tiriuxph Mining Company has recently bocn put late operation. Dovdopaont* In tho State of 'a*hlr^toa alao look favorable. Tbo now flat Inclined shaft served by cotrroyor, and tho first 000 ton Killing unit of Vm Fond Oroillo Minos * Metals Co,,MotaUa^xs ecxplctod and put late production only this year. The sort of installing the second unit of tho still Is undor way. Although tho Motalino District hat boon prodoainatcly a aInc producer la Uw post tho aora Scoot work ia th* Pond Oroillo wins baa shown aa iacroasod load production. Of Taa Um laerlcan lino U>aS Oo, Is still operating its Oaodview Mina ia tho Vine District. \ Tho Aanrlenn Sxoltiiw and Refining Company, as wall as tho Anaconda Copper Minin' mpoay, havo boeoao intorostod in proportius la tho adjoining Stovons County - ' Vt of Washington, Thu ASIA Coop my arc planning for a 1000 ton Kill on 3 tono proport/ aad tho Anaconda Copper iempssy has optioned aad arc now Sonera* itLno, both being lead nine*. Active prospecting and develop* \corrlod oa nearby proportios and elsowboro ia tho state. LI A16264 If ' t^Am*****^:--*-- -/-------| liffcfUiTTlT i r f'arinAfclrnlitt<M >*%! ir -Ainf'g&m i--rrt i\ 3 i a- I an happy to toll you that In other ro*poct provpocta oro pretty good for tho load lnduatry in thj Northwest. In tha throe Northwest states, Idaho, '.faahlngton and Montana, wo producod llii,C>OQ tona of lead in 1950 aa eooparod to 85,000 tons la 19i9, Tho nonthly production thus far la 1951 la little leas than la tho corres ponding period of 1J50 but still -wall ahoad of tho corresponding 19W production. Mono of tho Bines died during tho yoar and moat of tho ninoo managed to ifcvdop quch new oro aa the aoount that waj Blncd during tho year. Rmcrar, In this connect tion mo aust koop la Bind that lots of material la tho Biooo which ssi was to at 10 ft si or 11 coat load became oro with lead at 17 cents. la our own Cocur d'Alcno District which producod owor tof of tho load la tho ttaroo northwest states, wo had sooo lntcroetlng davclopaonte. Two years ago Z told you that tho old Morning Mino of tho Federal Company wma oa lta last lega and roady to shit dots soon. With a bettor aarkot tho old atno la cnwlng back to llfo, tho theft has boon sunk deeper and tho production of oro will ooatlrnso. Tho other property of the Fodoral Coapaqp, tho Pago Lino la tho costers part of tho district. aiae wo havo had very favorable developments at depth and horizontally, wo will koop going for aany yoara to caoc. Several individual properties la the oastern part of tho district have boon consolidated la tho Day Mines, lac., tad acTctive pro#poetlag and dovulopscmt la anticipated. Tho venture by tho American Sod ting end Refining Cowpany together with tha Day Hines, Inc., on tho Vulcan property of the Callahan Zinc-Load Company, vhlch was jtentdoiud by sae last year or tho ywar before, now looks like a now stlao. iftar spending over a Billion dollars la reconditioning aa old abaft and sinking it 2200 foot deeper soao United crosscutting froa tbo bottaB of tho shaft has already di*. desed aztensive ninerailration. Although tho abaft Is loextod la tho oo-callod silver bolt, very sxodlont showings of load hero boon disclosed la tho llmitad pres poctlag thus far doas. Hero recently it has boon announood that tha Buds Ccsspny, together with tho IfewBont Mining Corporation, tho Bav Jersey line Cawp&ny and tho Atlas Coapany, will uadertako deep abaft slaking and deep prospecting oa tho Atlas Geapany ground la tho oastern port of tha district. Other sines la tho district havo continued ahnft sinking and berlrental development#, all with fair success. In tho southern part of the state a ncu Bill to rcplaco tbo ooc that burned down's couple of years ego ot the Triuoph Mining Cewpany has recently bocn put Into operation. i Development# la tho Stato of 'nahlngtoa also look favorable. Tbo now fist inclined shaft served ty a convoyor, and tho first 600 ton Billing unit of tho Fond Orolllo Mines A Metals Co., Metalingms cowplctod and put Into prodaetion early this yoar. Tho w>rk of Installing the second unit cf the sdll Is under way. Although tho Matallno District has boon prodoulnstcly sine producer in the post tho aorw roeant work in the food Orolllo Bins hat shown an Ineroasod load production. 0t course the Amoriesn line Lead Co. Is still operating it O-sndvlcw Mino In tho Motallno District. iMill d Tho Aaorlcan Boulting and Kofiring Cenpary, as sell as the Aaasnnda Copper Mining Coapany, havo hoooM Interested la properties In the adjoining Stevens County In the State of Washington. Thu iSHl Coapany =ro planning for a 1000 ton sill on tho old Van 3tono property and tho rjiaconda Ooppor Cewpopy has optioned and are now operating tho Bourns# Mino, both being lead Bines. Active prospoctlng and develop, mats oro bolng carried on noartoy proportios and eloowboro la the stato. .> - Twam B- I IPP tit LI A16265 "V" \ I 0 i i -3 I have nothing now to report to you In rog&rd to lsd sino* sod load pro- duet.i/m inM *hvrt *t '>* nf . From tliis you will no deubt eoneluio that It look* pretty good far oostlanod food load production In t o Northeast but again I>11 say that it all depends upon whether m can kxp our cinor* and snoltcrscn end, of eourso, also dependent upon you manufacturers buying our loed regularly and pnyii^ us docent price for it* I1 V {I fc-' I f j I O' l ir- }* 5 f I * i *r f 1 mgHfy "L 'W" *i1 - i.,Jium y^uwj wp i