The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-06-29
RIDDLES BUGDEAR
OF COPPER FLOOD
Porphyries Can Increase Out
put Little Within Year, It's
Pointed Out.

Attempt 10 correct some Of the erro-
ueous Impressions In regard 20 the
flood OF copper" which IS 10 be turned
loose by the new porphyry mines IS
made by Hayden. stone & Co. In their
current market letter. They say;
'-rho Utah copper company is the lar
.-,.st Of the present porphyry producers
with it's ownership OF Boston C9nsol -
Gated and 80 per cent ownership VI
Nevada Consolidated
Regarding that company. we can
state that the present output VIII hOt
d. increased for period OF from three
90 four months. and we do not figure
that the output. which. at the present
time. is from 1900 10 1900 tons OF ORC
daily. will be increased TO more thah
1000 tons before the first OF next year.
The improvements In the Magma plant
that are being made viii enable tnat
mill to treat 10000 tons or more oaAg'
within 90 days, but by tnat tlthe ~
tions OF the Arthur plant tBoston Con
so1idafedl will be closed down tor re-
modelling and the capacity or thnt pant
thereby reduced from quarter 10 one
third. 80 that there viii be no actuai
Increase In the total mill capacity un-
til the remodcled portions or the Ar
thur plant begin 20 go into commission
toward the first Of the year. ana Juan
Copper will do we'll TO work up 70 us
run contemplated capacity within one
year from date.
we 40 not Anticipate that the es-
fimafcd productipn VIII exceed s.VoV.VvV
pounds gross per month before jan
nary 1911 II the work Of construc-
tiou and the necessary additional open
ing up OF the mine progresses satistac-
torilv during the balance or the cur
rent year. the company should, by jan
NARY i next. begin to make UNIFORM
monthly rate OF increase in Its pro
duction over the present rate. reaching
the contemplated daily output OF lo'VvV
tons about next May or June
Hay VIII start Easy
.--rho Kay Consolidated Copper com
pauy will not begin production until
January. 1911. and its production VIII
then be small and will not be IN me
fun production from that property can
not possibly be on the market oefore
August or September OF 1911.
Chino will not begin producing for a
year from date. and the fun production
Of that property viii not be on the
market before January /. 1912
1T is "a great mistake 10 suppose
as some apparently do. that II II tne
intention OF the engagements OF tnese
loves grade uorphyries 20 flood the mar
kct with the greatest possible amount
Of copper. especially with any Idea OF
forcing down the price Of the metal and
driving any companies less Iortunately
situated IN the matter OF costs out OF
.'The porphyry mines are in business
20 make money. and they VIII operate
90 such a capacity as viii enable them
TO- obtain the lowest possible cost. but
TO force any extra amount Of copper on
the market. under present conditions.
beyond what we might call the limit or
operating efficiency. with the express
Idea OF lowering the price OF the met
a. would be simply hitting their nose
90 spite their face.
Any hopes on the part Of the con-
surncr. or fears on the part OF copper
share investors. based on this premise.
are groundless."