Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-10-23
HOW COPPER
IS DISPOSED OF.
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Breaking Away of United Metals
Selling Company from
The Guggenheims.
AN IMPORTANT CHANGE.
Where Utah Copper output Goes to-
Also That OF ,ampn
Mines.

Tlir breaking away from the United
Metals Selling company of the ameri-
can Smelling & Refining company and
the establishment by the Guggenheims
of a new copper selling agency which
has taken on several contracts
was the most Important change made
during the past year in the manner of
selling copper, says the Boston News
Bureau Through. this change the Unit
ed Metals Selling company lost about
80 100000 pounds of copper year,
which, however. was. partially made UP
By the acquisition for a single year or
the handling of tn. Utah. Copper COM
pany's output. This contract Is eX-r
pected to revert next spring: however,
to. the American Smelling Rehnihs3
company interests, as the Guggenheims
are largely interested in the otah
compnnys stock.
The settlement of the differences aris-
ing between the United Metals Selling
company and the American Metal COM
pany over the Greene Consolidated con-
tract In favor of the former was a for-
tunate thing for that concern, Tor mao
the selling of this copper reverted TO
the American company ny virtue OF
ais agreement entered into between TINS
"A
ter lost control of the Greene company.
the United company would have lost
the selling of 45,000000 pounds year
at the present rate of the Cananea pro-
duction.
The American Metal Co. has made
contracts with three new properties, ne
most important of which was that ell
tered into with the Imperial Copper CO.,
which is now turning out at the rate o.
5000. 900 pounds a year, but Wnlch VIII
shortly double that output. The other
two contracts were with the Douglas
Copper, Co. which has made few
small shipnens and the Girouxs which
has yet to start its mill and smeiter.
The selling of the oxford Copper 70.
product changed from the American
Metal co. To the j.. Vogelsten agency
and the American also lost through the
shutdown of the plant approximately
10, O00 900 pounds year from the IeZi-
utlan Co. Of Mexico.
Before tine blowing in of its own
smeltel, the Imperial Co. had It's pro-
duct treated by Phelps, Dodge q Co.,
which firm also sold the copper.
| L. Vogt5stein & Co. took on the Or
| ford Co. and the Tintic Co. output,
! which comes from the Yampa smelter.
| The Arizona Smelling. Bingham and
| Britannia properties being closed down
| this agency thereby lost some few MIL
! lion pounds.
Handling of the Mountain Copper Co.
| output, which Is now down to 100000
pounds per annu1n from 3o,0O0,O00
| pounds few years ago. is done by
Jardine Matthewson & Co. rather than
by Vivian Bond 4 Co.
Charles Raht of New York is the SELL
! ing agent for Calumet & Hecla and Vic
! toria Copper Co. Vice President Lir-
| ermore of the former corporation, how
| ever. has direct charge of the compa-
/ ny's sales.
| The New York Metal Selling Co.,
while having no contract for disposins
of any individual copper, handles ABOUT
! $4,000. 900 pounds Il year. some Of which
| is obtained from other agencies and
some from producers which sell direct.
| There are also number of large for
| eign metal selling companies which
| maintain offices in New York and
| which are instrumental in importing
| large amounts OF copper. which are
| generally in an unrefined state.
| a recapitulation of the disposition oil
The copper produced by the mines oil
this country. Canada and Mexico, is
i I l., d @ : r.