The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-07-14
BOSTON CON.
AND UTAH COPPER
These Companies, Combined,
May Prove Nucleus of Gil
gantic Merger Scheme.

one who has been prominently idenu-
fled with the flotation of many OF the
so-called low grade porphyry copper
properties. according to the Boston News
Bureau, says:
s.'Fbe trend of ownership in the various
low-grade lOW-cOst properties makes II
very apparent that in time. and II may ma,
not be Tar distaT1, these companies ~ III ~
be gathered undeF one control, possibly
through a holding company. When TINS
takes Mace they will come pretty near
controlling the price of copper because OF
low costs and large output
There are eleven OF these lOW-grade
properties either operating or IN active
preparation for operation. they nave a
fofs1 Capitalization of 1850 600 shares and
"a present market valuation of Sl5e,OO0, 900.
they have estimated ore blocked out
amounting TO 200 600. 600 tons, and five OF
these companies are already producing
in the aggregate at the rate OF lS5,VVeVV
pounds per annum,
TO a general controlling company, the
Utah Copper and Boston Consolidated
companies viii come together and COM
bined, will have about 100000 shares u
stock. With three mills they will have
a daily treatment capacity of about H.
600 tons of ore and before the close of
this year should nave q producing ca
pacitv of about 100000 pounds of cop
Der, placing them in the lead of copper
producers.
The two Ely companies are already
under practically one management The
Guggenheims are today large owners of
Ray Consolidated, so that it can be fig
ured that to date the Guggenheim inter
ests Figuring Utah Copper and Boston
Consolidated as one property control or
viii have a prominent voice in the man
agement of the Boston Consolidated. Utah
Copper Nevada Consolidated, Cumber
land-Ely and Ray Consolidated.
THE Miami. GirOuX. Inspiration and
Chino ara all In a preparatory stage, but
zrf ID rlrarn
the possible exception Of the GiTOux, so
lies that they could probably be brought
into a consolidated company.
THE large iOW-gTade deposits so far
discovered are i'm Bingham, Utah; Ely,
New; Kelvin, Ariz.. and Globe, Ariz It
can be figured out that the properties
now operating or preparing to operate
in these four camps will. within the next
few years, be ready TO produce 400, 900 900
pounds of copper per annum.
This would appear to be bear card
on copper, but as matter of fact by
the time these companies are prepared
TO turn out such an amount of the metal
the cOnsumptiVe demands of the world
VIII probably require it, CONSUMPTION
normally increases 10 per cent per an
mum and none of the present big higher
cost properties can Increase its output.
Rio TintO, Calumet, the Amalgamated
properties, Copper Queen and United
Verde are all producing to the limit of
their ability, and the new production
must of necessity come from the new
properties.
Possibly these low-grade producers will
prevent the copper metal from seeking
high prices but I firmly believe that
within the next few years there will be
duce
1T seems a little queer that the Anal
Samated Copper company has not shown
any interest in tho requirement of new
properties in order to maintain its hold
on the copper trade of the country and
reduce the cost of the output That COM
pany is apparently satisfied with its no
sltlon IN the Butte camp. It has how
ever. greatly reduced its ore resources
III Butte without adding adequate sun
plies Of new ore to take the place of that
exhausted. It seems to me that the
Analgamated people have been short
sishted and that il is only a question OF
ume when the Guggenheims 1vrest con-
trol OF the copper business from the
AmalgamateG peODIe