The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-08-15
SAYS COPPER
MUST ADVANCE
D. C. lacking Explains De-
mand for Stocks With
Metal Low.
SUPPLY is DECREASING
PROSPERITY WILL FORCE FAC
TORIES TO INCREASE OUTPUT.

In buying at steadily increasing prices
the stocks of copper producing companies
and companies which are on the way 10
large production Of the metal despite the
fact that the price Of copper itself has
advanced but slightly, the public has been
only to moderate extent discOuntlng the
situation which is to apply, beginning the
latter part of the present year and prob
ably continuing for a long period.
This explanation of what 70 some is
an apparent disparity between the priCes
OF copper and of copper stocks was SlVen
yesterday by d. c. Jackiing, president of
the Utah Copper company, who has Just
returned to the city from Kelvin, Ariz.,
where he went to look after developments
OF the newer copper propositions Of " hlcA
he IS likewise manager the Ray ConSOn-
dated and the ella.
- ne outlook" said MIR. lacking, rs
for one of the most prosperous periods,
industrially, that the country has ever
seen indications are that conditions VIII
soon be Just as tlOur1shlng as they were
early IN 1857, with the difference mat they
are now upLn d more stable basis Then
the basis was speculative, now It Is Sc
cure.
Movement of the wonderful crops Of
e-ery kind which have been and are to
be harvested means that the delayed ac-
tVIty in manufacturing must come quick
". And that will call for largely increased
supplies of raw material, the most i'm
portant Of which is copper.
dCNoFNTS az BEItittAt
'"The manufacturing of finished products
has not kept pace with Improvements
of the financial and general conditions.
Yet the statements of the Copper Pro-
ducerS' association show that metal con-
ditiOns are improving all the time-stOcks
are decreasing and there is larger &c
mand. With the factories running only
to supply Immediate demands, the con-
sumption of copper has kept pace with
production. Now that the factories are
to Hrnre~ FnTrs ont
prices for the metal and more prosperous
conditions are inevitable"
Naturally, Mr.. Jackling is an Optimist
I'm regard to the future of the newer low
cost pOrphyry propositions When Utah
Copper was projected by him and his
associates ii was an experiment. new
thing. What it could do was largely in
the nature of conjecture. because 1t hadn't
been proven. And yet everything that was
promised for it has come true. The only
variations between estimates and results
have been on the side of conservatism.
IT has from the start been purely an in
dustrial" proposition-One In which those
interested could at almost any stage figure
to a certainty upon the status OF their
holdings
The same thing is unquestiOnably true
Of the newer projects, such as Ray Con-
sOlidS ted. ella and ChinO-eXcept that
they have the advantage of Utah COppers
experience. With them the amount of
copper they viii be able TO produce and
the cost of production are susceptible Of
almost as close calculation as are the
number Of bushels of corn in a crib of
given dimensions and the cost of taking
il to market. The size on the prOfil de-
ponds only upon the selling price. and it
is generally conceded that in that the
low limit. Cor a long to come, has been
reached
Ray One of Big Ones.
As TO Ray Consolidated Mr. lacking
said yesterday that he could assert un-
reseTvedly that it is to be at the head
Of great low-cOst producers; that Utah
Copper and Nevada Consolidated may be
and are great. bat that Ray will at least
be i'm their class.
Developments at the properties are pro-
crossing he says. i'm every way salts
fact0rily. Grading for the railroad is
nearly completed. and steel and other
material are arriving, while designs for
the new. 5,000-tOn mill are so nearly com
plete that orders are being placed for
steel for the building. Underground work
I'm the Ray has been increased. and final
development for production is being out
lined. A large shaft is being sunk pre-
paratory to mining by the caving system,
with some notifications. Owing to the
blanket form Of the ore bodies. it will he
necessary TO sink the shaft only about 800
feet deep.
The elias ore bodies are being developed
rapidly with drills, the amount Of ore
brought in at this time being about the
same as the Ray had a year ago