The silver state news. [volume] (Winnemucca, Nev.) 1907-1909, 1909-06-15
IMMENSE COPPER
CORPORATION

ing Co, recently organized, gives prom
Use of eventually ranking MS the second
largest, perhaps the largest, corporation
engaged in the smelling and refining os
copper, silver, lead and other ores AMI
metals, in the world. The company be
gins business with earning power su:h.
eient to warrant the payment of a sub
s~tantial dividend at the start on the
500 GOO of issued capital, all of one
class. The directors will meet shortly
for the purpose of taking action on div
idends, and the stock viii be ON a div
idend paying basis of at least six per
cent within the next few months. per
haps in June or July.
The ability of the International
smelling i Refining Co. to pay divid
ends at the star, is due to its having
acquired the Raritan Refining works,
the largest copper refining plant in the
world. which has a capacity for handl
ing 20, zoe pounds of copper a
month, or approximately Sl2. 900
pounds a year. The Raritan works
were owned and controlled by the Unit
ed Metals Selling Co. The transfer was
made on January /, 1909, part of the
purchase price being in stock and the
remainder in cash. The Raritan works
are in full operation and their earnings
are sufficient to pay dividends at the
rate of about 10 per cent a year on the
$40, o00, 900 stock of the International
smelling i Refining Go.
The proceeds of the FIRST $1,000, 900
issue Of the ~lnternationl Smelling stock
viii be used fer the purchase of the
Raritan Refining works, the conssrue-
tien of 4 smelser in Utah fer handling
the ore of the Utah Consolidated Min
ing company. and the carrying on Of a
general custom business.
The Utah smelter has been under con-
straction since the FIRST of this year and
il is expected Il be in operation by
January /, 1910. Seven miles of rail,
road now eennec this smelser site with
the San Pedro. Los Angeles i Salt
Lake railroad, = Clark road, and ope-
rated as a part of the Hartman sys
tenn. Ii is not unreasonable TO say that
il viii start with y capacity Of 1000
tons a day, and additions win be made
thereto as conditions warrant. The
Utah plant is being modelled along the
lines Of the great WssAos snelser Of
the Amslganated Copper company. and
the recently remodeled plant Of the
6reene-Cananes Copper company 4
Mexico, and is being built under the
supervision of those experts who have
change Of the Green CanAAea and
Mashoe sneltsrS
Contracts have ALREADY been made
for practically the entire c&paeisy Of
the works, and il is qaite possible that
they may have 10 be further eaiSrg~a
before eesHg completed.
The management has had experts
hooking owe mining fields for many
months past with the object Of collect
ing data fer ase in locating nsw smels
ing and re6ningy plants st points CIV
ing promise Of $ reasonable resarn On
the Investment.
sernasiensl Smelling i Refining Co
are associated vita the largest and best
known Industrial. mining and financial
institutions in the country. IS tAe fol
lewing list " directors will testify;
Thomas n. Cole. ~ the ssS&llea
Cele. Ry~a groap ~f copper properties
which have sn snnaal p~rsdGesion u
nesrly so0eea.oa0 pounds II copper
John n Ryan, managing director q
the Amalg@mated Copper Co and
Identified WITH the CeleRy@n ?eop
critics
Charles F. Broker. president 81 the
AmersSAa REass O. AMI Ae&d al m&2v
ether large copper consuming Seaesrns
in tAis eeantry.
Urban II. BrSagAton, manager of tbs
United Metals Selling c. which IS the
selling agent fer eoQqev mines having
a rrainSsson close Il e1a.as.oa
rSaxas - copper 5 year, $ kgare
eQaivsseAs - considerably M tAAn
ene~AAlf 81 the 2nnaal copper prOdue
tiaz ~ the Cassed States
AaolpA L<wiSaAA, president II the
Caifea Metals >elhRS c.. aa3 vice
president af the Utah Consolidated
tenper Co
Z c. Converse s asrecser az sAs
United States Steel cNvpevxssaA. Allls
Chalmers o. Iasev1ztiSasi Nsck1 Co.
Nstsenaa TsA~ Co. Liberty N&tsoAal
hank RSRkers' Trass o. ard osAer
nazaere~s Sa&nesal irSsisasAanS
Thomas M~arrisoA- airessar a tAs
CRsss6 States Steel e~evperxtien-
e A CeSgasz. i3earSe2 wa;A the