The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-27
now new SHELTER
LOOKS To OTHERS
Utah Consolidated Plant Is
Pleasing to All Interested
in Company.
MEANS ANNUAL LOSS
TO THE AMERICAN
AmaEgamated Interests Throw
Down Gauntlet 10 the Amer
lean Company.

The entrance Of Mess.s. Cole Ryan and
TnorDtoo--Amalgamcj intc-es,s-into
The Utah smelling neI is an event OF
deep Significance. IL means that INC
gauntlet has bysn thrown down - the
GusEenheima An Interest affiliated WI"
the Amalgamatcd says:
"Wh!Ic the .imalg1mated. as com
uany. has no ownership in the new lta"
slncItcr. the men who have helpcd 10 puI
the WaGhoc snclter ana lN, NJ .,5,,. -
copper interests WAeT" thcE ~ alsC%ti,;,, ,HG,,,
are Identified with the new propQS!tIoh
and have declared war on the NmSflCdH
Smelling and Refining company. NugIHte
or not the Guggcnhelms were uSHt7 ~
bluiT the Utah Consolidated IN Ihe ital'J
Of sn1elfcr charges or i new contract II
& foo lote now for them to ADMIT IT, as
new contracts have been signed ana pal,
treat the ores OF TIE Utah Consonaa,teu
beginning April L. 1910, at hgurc whlen6i
together with The savings IN tTeleAI' w WI
amount to ll5G per ton. Inc 9-taS men s,nei. r9i
ter VIII be retained in the new plant, d.
there has been no dislntegraton OF ioEees
since the old plant was smut GOWN.
Smelling and Refining company can III
AFFORD TO lose tho fluXinE ores OF the I tan
Consolidated and the Guggenhelms hllEHt
better have agreed to treat the ores lot
nothing tkau TO have been depriyed OF
Them altogether. Then again. the en-
trance of another competing smelter INTO
their feld will still further ,o7. eIhoar tss
rhe Cnggenheim organization, when mas
seen fit TO ride rougEshod over inc West-
crn mining interests, TO levy s%lorSIoh-
ate charges and 10 incur tne olt'eI no., no.
tilitv of almost every mining concern
conpelled 10 rely upon custom ore treat
:'The amount OF capital which the new
smelling company Will start win HSS no, nos
been determined. as no definite CONCLUSION
has been arrived az as TO the uIt4nlate
scope Of the enterprise. There nave oeen
many requests for the now STOCK anu
there have been numerous INQUIRIES on
the part Of mining companies Tor SMGit. ;i
ing rates whlcn looks as though tNc
smelling department OF the new Plant
would have plenty , 70 90; ;,i,ga6 Inc C5e can
be easily improved so as 20 connect the
mine with the new works"
Utah IS a rapidly growing mining ne!a.
and any smelter there would certainly
prove Of beneht to the many large pro-
ducing properties In that state, whlcn
have to depend upon custom sme!ters toF
the treatment OF their product. NOT 0n-
III April. 1910. however, will the Utsh
! Consolidated be in position 10 avail IL
! self Of the new smelling arrangement.
For the next sixteen months u VIII con-
! tinue TO cost the Utah Consolidated com
! pany cents per pound TO produce its
! copper unless there should be unlocked
! for improvement in the grade OF the
! ores.
| Under the present contract with the
| Guggenhenls Tor the treatment OF 500 tons
! OF orc per day, 1T IS TO be doubted If the
| Utah Consolidated Is now making an out
! put to exceed 200. 000 pounds per month,
! so that profits on a lIl-cent copper mar
| liet will average close TO $65,O00 per
! month, or an amount equal TO $3.50 per
! share. A 15-cent copper market FOR q
| year would mean earnings at the rate OF
! a little ovGc SG per share on the present
/ output, II under the new smeiter arrange.
ment 1t cen increase its production and
| reduce its copper cost by i cent per pound
as is expected. the company should be
able TO show earnings Of slightly over s.
! per share on 15-ccnt copper, but this is
/ for the future to determine.
| II Is apparent that with the company
| present treasury position, stockholders
! should continue 10 receive quarterly divl.
dends OF at least 90 cents per share, Il
is fortunate for the Utah Consolidated
! that the new arrangement has obv!atec
! the necessity for new plant 10 be bull
! with company cash. There We're man!
who strongly opposed this plan. They are
now quite willing to ecquiesce in the new
arrangement IS 1t will keep the treasury
, intact and makes unnecessary further
| argument as TO whether the future OF tn.
| mine justilies the Sacrfc Of all its ac
| cumuated surplus In the erection OF
new plant.-Bostou News Bureau,