The Ogden standard. [volume] (Ogden City, Utah) 1902-1910, 1909-05-27

ling nIcrt seems to be an absorbing
question, but 1t is generally known
i that the investment In tho plant,
which represents something like ST.
000. 900. will hardly be a loss to any
of these concerns While the argu-
mcnt has been used that the furnaces
are not properly constructed and thai
tho Investment In the plant is too
largo to ever make it q profitable In
stJtution. It cannot be denied that the
pIant is worth something, as every
mart of the equipment is new. The
! contracts made for the treatment oil
| custom ores by the Tintic Smelling
| company are said to be too low to adj
| NIT of a profit being made. This
claim is made by competitive smelters,
while others who are engaged In
| mining, claim that the rates charged
by all smelters are very much the
same.
It was the occasion OF some surprise
locally that the American Smelling
concern was one of the bidders for
these properties, as the Guggenheims
have not bought any silver-lead prop
critics in Utah and arc now reported
] TO be combining their attention to cop.
per properties. After due considera-
lion 1t is given rs the opinion of some
of the mining men that the move on
the part OF the American company In
seeking footing In Tintic is most
significant one. That ii virtually
means that this concern proposes to
head off all the deals possible from
the International crowd. That there
is a great deal of truth in this view
is borne out by the following from
the News Bureau:
Within the next few months prac-
tically all of the contract relations
now existing between the Guggen-
hoims and the interests affiliated with
tho Amalgamnted Copper company
Will have ceased.
On April last, the contracts which
the United States Selling company had
for marketing the output Of the Utah
Copper company, expired and the
same turned over to the Guggenheims,
who have been refining the Utah pro-
duct at their Baltimore refinery. The
Utah Copper company Is now produc-
ing at the rate OF $4,000 pounds of cop
per annually.
In 1910, there will expire the con-
tract between the Utah Consolidated
aud the Guggenbeims under which
Utah Consolidated ores have been
treated at the Garfield smclter OF the
American Smelling and Refining COM
pany A ten-year contract will then
go into effect with the International
Smelling and Refining company under
which the smelling Of Utah Consoli- |
dated ores will be carried on at the |
new smeltcr now being erected at
Tooele, Utah.
The present arrangement provides |
that the Gnggenheims shall treat as
n maximum 100000 tons of ore year
~, while the new contract names l.
200 tons a day at rate which Will be |
81 so cents per ton more favorable |
to the Utah Consolidated company.
Prior to the differences which have
arisen between the Amalgamated-
United Metals. Selling company inter
ests, and the American Smelling and
Refining company, all but about So.
5000 pounds of the copper produced /
by the Guggenheim companies was
marketed through the United States
Selling company until about a year
ago the Guggenheims decided to mar
ket all of their product through the
American Smelters Securities COM
pany.
The recent resignation of James
Phillips. Jr;, from the board of the
Utah Consolidated company Is fur
ther evidence of the lack OF cordiality
which exists between the above-men-
toned interests. He was for years
known as an Amalgamated man, but
more recently he has been closely
identified with the Guggcnheims in
their Nevada mining properties.