Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-03-18
UTAH COPPER
OvERSELLs NE TAL
---------------- ------------------
Disposed of Eight Million Pounds
During Month of
February.
NINTH SECTION OF NEW MILL
At Garfield i'm Commission--Powcr
Plant Now Running
Smoothly.


on the copper situation received to-
day is contained in the Associated
Press dispatches from New York rela
tive to the over selling of the spot
copper in the country to the extent
of 100000 900 pounds.
1t will be interesting to know that
some of the Utah copper companies
have disposed of their product in adj
vance OF production; all of which goes
to indicate that the skies are rapidly
clearing and that while the metal
will probably not get back to the spec
tacular figures of year ago, the
market for it viii so improve to the
extent that there will be general
resumption of work in the copper mines
of this region, which are now in idle
ness
it was learned during the day that
the Utah Copper company is one of the
copper producing concerns of this state
that has sold all of its available spot
copper. The information came direct
from General Manager d. c. Jackling
who stated that the sales OF
his company during the month
of February announced to s.
100000 pounds which was about
100000 pounds more than the company
had on hand at the time the sale was
consummated through the United Me-
tails Selling company. which agency
handles the product of all the Guggen-
helm enterprises. 1t will take the com
pany all of this month to fill the order
and II may run into the month of April
THE sales of copper i'm February
said Mr.. Jackling today, were simply
enormous, and the apparent ease in
which the metal is being moved now
indicates TO my mind that copper is
going to improve little and that it
win settle around a stable figure. Just
what that ilgune will be remains to be
seen: but IL will be at a point where the
copper mines of the country can be
operated al a fair profit " the opera
tors, while at the same time the con-
sumner Will be satisfied.
Now in reference to the overselling
of copper as told in the New York
advices today That does not mean
that more copper has been sold than
has actually been produced: IL applies
TO spot" copper oniy--that which IS
actually on the docks ready for delivery
to the consumer The average producer
of copper usually has about three
months supply on hand. That is il takes
metal refine it and get II in shape
To be marketed This is the case with
the Utah Copper company and while
We hold certificates for copper produced
during the stated length of time, the
metal is not Immediately ayailable
until it is finally landed into the hands
of the selling agency
The Utah Copper company is one
Of the great copper manufacturing en-
terprses of the age and IL Will con-
tnuc To rank as such for many years
10 come. Tho ninth section Of the Car
field min was placed IN commission to-
day, affording facilities for the treat
ment of upwards of 4,5GO tons of ore q
day. Al the mine In Bingham, six
steam shoyels are in operation ana
Manager Jackllng has ordered the
seventh, which is TO be held in reserve
and used In case of accident 10 any
one OF the other machines, Thaac
shOvels. M Jacklins says, aic moving
between 1000 and 10000 tous Of ore
and overburden daily
Tho power plgnt at Garfield Is now
giVmp splendid satisfaction and All but
the last unit Is in operation, the en-
gines and generators developing 10000
horsepower for use IN the Garfield and
Copperton mills and az the mine in
bingham canyon. Tine starting of the
remaining section Will give 200 adj
ditional horsepower.
Everything is working smoothly at
an of me l'tah Copper properties
Things have reached that stage OF per
lection where about all Manager jack
ling has TO de-. as he expressed 1t TO.
day, rs TO sit back and smile over
the successful achievement accomplish
ed I'm mining the great mass OF low
HIade copper ore at Bingham ana III
the milling of the same al Copperloh