Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-03-11
POLLOCK TALKS
To BOSTON|TES.
Gives Dat Interesting Information
Concerning Utah's Great Mine
And Smelter Corporations
EARNINGS OF UNITED STATES.
Says They Will Reach sI,5oo,ooo This
Year and $4,000, 900 Next Good
Word for Mr. Charming.

James A. Pollock, president Of the
Salt Lake Stock and Mining Exchange,
has been In Boston, a few days ago
he submitted TO an interview In which
he took advantage OF the opportunity
to tell Bostonites about some OF Utah's
great mines. Mr.. Pollock has always
been staunch supporter OF United
States mining and his predictions made
months ago concerning 1t have come
true. He said:
Matters are bit congested In
finance In Salt Lake as we'll as In the
east. There are more enterprises than
capital to carry. We have plenty of
good commercial securities carrying
from per cent to per cent returns,
ana therefore are not looking for east
ern financial investments.
Asked TO name some OF these COM
mercial Investments he said Rocky
Mountain Telephone, DE thought, was a
good investment, as 1t operated under
the Bell system In the states OF Utah,
Montana and wyoming. Ii was paying
50 per share. but was now selling down
to IS per share by reason of the COM
petition In Salt Lake City, but Mr..
Pollock was assured by the manage
ment that dividends would continue,
and that earnings Of the Bell COM
pany were not decreasing.
ASKED concerning American Smelt-
ing and Refining company, Mr.. Pollock
said: i do not know anything con-
corning the shares OF this company |
only know of It's plans locally. In the
Salt Lake district II has not made any
substantial gains since II took over the
old smelter at the time Of the con-
solldation These have still capacity
FOR about 1000 tons OF ore per day, but
competition has grown up until outside
custom smelters have more capacity
than the combination In my district.
The Bingham smeter OF 500 tons ia a
custom shelter and the United States
Mining company is also custom
smelter. II will treat soon 1000 tons
OF ore per day and VIII be enlarged UNI
I'll II Greats 1900 tons Of ore per day
There Is no limit to the possible
development OF the United States Min
ing company in Its ore and smelling
operations figure II Will earn 81, $780,
600 this year and s2,0O0,O0O In 1905.
The Highland Boy smelter is treat
Ing 500 tons Of ore per day and win
soon be treating $50 tons OF ore per
day, but this Is not custom smelter.
The fampa smelter will treat $50 tons
Of ore.
One can see therefore that whereas
there was a few years ago In this dis
trict a smelling capacity OF less than
1000 tons per day, all of which Is now
In the American Smelling and Refining
company the outside smeters will next
year be treating 1900 tons OF ore per
day OF which shelters with 1900 tons
capacity Will be taking In custom ores.
The Utah Consolidated, or High
land Boy as We call II In the west, is
all right, and Will not only continue 10
pay ~ per annum, but will pay more.
There Is not better mining manage
ment In the world than Mr.. Charming
gives to the Utah, With their precious
metal values deducted from the cost
OF securing copper, Utah Consolidated
VIII have the lowest copper cost sheets
OF any mine In the world.
The biggest precious metal mine,
however that ! have ever seen, and
l have seen a good many In my time,
Is the Centennial. Eureka Of the United
states Mining company.
With Utah and United States Min
Ing, Boston has no reason to complain
OF her copper investments In Utah."