The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-07-15
PROGRESS IN FIELD
OF SMELLING ORES
United States Company Has
Made Great Inroads Upon
the Industry.

Inc thlteo states smelling, ReflnlnS
and Mining company, whose now smelter
at Chrome, n. j, operating under the
utle OF the United States Metals Re-
linlng company. has recently been blown
In. has become within the past few years
u formidable rival of the Guggenheims
for supremacy in the smelling ficld. The
United States company started its pros
porous career with Its mines at Bingham
and Eureka. Utah. and its copper smelt-
ers near Salt Lake City. To these were
added a year ago six custom lead fur
naces. and subsequently, the Mammoth
copper mine at Kennett. Cal. where has
been erected a three-furnace smeter op-
Grating under the name OF the Mammoth
Copper Mining company. This plant has
now been enlarged by three additional
furnaces, says the Mining World.
The next move to purchase the
Dc La Mar refinery al Chrome, New
Jersey, which doubled the capacity 10
ll4.OOO.0O0 lbs. per annum. and starting
the, erection Of custom copper converters
and smelters. These new plants have
just been completed. and are operated as
the United States Metals Refining COM
pany, which also operates the new cleo
trolyuc lead refinery at Grasseli. East
Chicago, Indiana. With plants in Cali
llornia, Utah, Indiana. and Now Jersey.
Mining company is in Il position to COM
pete with the Guggenhelms for all the
ores and metals OF North and South
pany realized the necessity for further
expansion, and so 1t purchased and Is
developing the Real del Monte mines In
Pachuca Hldalgo. Mexico Here 1t has
just equipped eighteen mines and two
large cyanide mills with improved ma
chinery and devices for the extraction of
Ing for the erection Of mammoth sInelt-
er in Mexico, at location not yet an
nounced,
Not content with Its purchases in Mex
leo. the United States company secured
control of the ChurruCa mines In Peru.
and is now engaged In the construction
ores. Where It's next field of operation
will be outsiders cannot guess. for the
company has in Its employ a staff OF f1f-
teen TO twenty mining engineers who
are constantly scouting for new mines or
favorable points of location for smelters-
Wherever the United States Smelling.
Refining and Mining company or it's
auxiliary concerns have operated. the ore
producers are a unit in acknowledging
fair treatment. Allied with the company
is the American Zinc Lead and Smelling
company with zinc mines at Joplin and
Carthage, Mo, and custom zinc smelters
at Caney and Dearing, Kas. Thus II VIII
be seen that the company Is In very
strong position, and owing to its financial
standing and intelligent management
there are many who predict 1t will have
a much more rapid growth In the future.
United States smelling. Refining and
Mining company is S37, 500 900 In common
stock and $4,000, 900 in preferred; total
$40. 900, 900 of which $4l,021.662 has been
per cent per annum In dividends. In
1906, the first year Of the consolidation.
the value OF the copper; lead, silver and
sll.661 for selling commission and ship
ping expenses leaves S1t t.S36,o79. Adding
to this S419, 469 value OF ores and matte
tiFncY fire.
royalties, rentals, etc, makes total OF
Sl6l49,574 The cost OF production. In
Guiding custom ores and matte purchased
was S11,57S,551, leaving q sum OF S3.5n.-
O23 Adding to this 1856, 4S4. miscena-
neous revenue Excluding stock dlvl-
dends). makes a total OF SS,927,501 De-
ton, interest on 8 per cent bonds of the
United States Mining company, and ad
minlstrative and legal expenses, leaves
profit OF S3,504,522 for the, year 1906.
the preferred stock. and S5,366 in divi-
dends on tho minority stock OF subsid
iary companies, there remains surplus
The directors whose terms expire in
1907 are Clarence \. Hight, Galen l.
stone, and John w. Weeks; in 1908.
William sharp and Henry II, Wehr-
hane; In 1903, Frederick Aver, William
Barbour, William n. Coolidge, and Nehe~
miah W. Rice: In 1910. Robert d. Evans;
Albert F. Holden, James J. Storrow, and
Sidney w WinsIow The executive come
mittee consists OF VIM. G. Sharp (chair~
mani, William II. Coolidge. Robert y.
Evans. Albert F. Holden, Nehemiah W.
Rice. James J. Storrow, and Sidney w
Winslow. Tho officers are VIM, G..
Sharp, president; William II. Coolidge.
vice president; Albert r. Holden, man
aging director; F. w. Batcheder, secre-
tary and treasurer, and John Laurie,
comptroller. Leroy L. Hight is clerk
street Portland, Me; general office, 55
Congress street. Boston, Mass. sales Of
flee. 100 Broadway, New York City, west
ern Offices, Salt Lake City, Utah, and
Kennett, Cal. The transfer agent Is the
City Trust company. 60 State street
Boston, Mass. and the registrar Of stock.
National Shawmut Bank. Boston, Mass.