The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-12-14
Mines and Mining Stocks

a possible absorption of all the plants
by Amalgamated and Standard Oil in
terests. There is now additional evil
dence that something of the kind is
brewing. 1t is found in the following
innocent appearing little item from yes
terday's Boston News Bureau that
came over the Pollock. private wires;
Utah Con. Ore to Garfield.
Unless the Utah Consolidated com
pany succeeds i'm effectfng a compro-
mise with the farming interests, con-
ferences to which are now being held.
which will obviate the closing of the
Highland Boy smelter early i'm Janu-
airy. when the court injunction goes into
effect, it will probably ship a portion
of it's ores to the Garfield smelter of
the American Smelling & Refining
company. Directors of the company
meet in New York next week for divi-
dend action, and owing to the prospec-
tive large expenditures necessary for
the building of new smelter at a cost
of Sl.500,000, and the possibility of a
greatly restricted output, there is nat
ural fear that the next dividend may be
passed"
Change in the Washoe Plan.
It is not so very long ago that the
News Bureau published a long story
showing how, in case the Highland Boy
smelter was compelled TO close, Utah
Consolidated ores could be shipped to
the Amalgamated cOmpany's Washoe
plant in Montana. At that time the
American company and the Guggen-
helms were recognized as having moth
;ng in common with the oil trust crowd.
NnVR- IL fhaxT y 70 al cn plnCalU
associated that a statement goes out
to the effect that, if the Highland Boy
smelter is forced TO close, a portion of
the output, at least, of the Utah Con-
solidated mines will go to the American
company's Garfield works for treat
ment. This is apparently another straw
indicating the direction of the wind and
goes to show that the effects of the late
financial storm are to be far-reaching
in the mining and smelling world.
After All Big Copper Properties.
Other evidences are beginning to leak
out that makes it apparent that what
Tom Lawson designated as the "sys
tenn" is gradually but surely taking in
to camp practically all of the outside
smelling and copper mining concerns
that are now in a position TO go ahead
and earn big money on low-grade ores,
even to the best mines of Utah, Ne
vada and California.
Another intimation of such a plan is
found in a dispatch from Boston which
states that signs of activity are be-
coming apparent i'm the official house
hold of the Consolidated Copper COM
pany, a corporation formed under the
laws of Delaware last May with a cap
ital of $50,O0O,0O0 for the then stated
purpose of taking over mines in Ely,
including the Cumberland-Ely and the
Nevada Consolidated.
This corporation is differed, accord
ing to the dispatch. mostly by men
identified with the big Nevada corpOr
atoms mentioned, but the name of T.
L. Herman. one of the big men in the
Utah Consolidated company, is also in
the list. Merely an incident. possibly;
but it indicates a closer business re-
lationship between the Standard Oil
and the Guggenheim interests than was
formerly supposed TO exist. The mes
sage closes with this significant state
ment:
Conferences have been held lately in
New York looking to the absorption of
the Nevada Consolidated and the Cum
berland- Ely properties in the Ely camp
and it is planned eventually to take
over. besides these properties. the Utah
Copper company and possibly the Bos-
ton Consolidated, if terms can be
agreed upon by the various parties in
tereSted."