The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-01-26
HE|NzE TALKS OF
OHIO COPPER
Satisfied That Company Can
Now Stand on Own
Feet.
CONTROL MAY BE
TAKEN ELSEWHERE
Condition at Davis DAILY Also
Pleasing TO Copper
Magnate.

+. Augustus Heiu2e, upon the occasion
81 his recent visit in Utah during which
he witnessed the commissioning OF the
new Ohio Copper company's mill at
Lark, expressed himself locally being
we'll pleased With the manner in which
tho plant performed, and In the east he
has further given the assurance that the
company VIII now be able TO stand on It's
own feet.
The important feature. however, of a
recent interview with Mr. Heinze by an
eastern press representative. is that the
big copper man stated that negotiations
have already been entered Into which
may result In change in Ohio control
Mr.. Heinzc did not go into the details
OF the proposition further than to state
that the Ohio people do not take the IN
ttistiVc IN the matter though IL is gem
orally understood that II will be the Utah
Copper Boston Consolidated company
which Will eventually take the Ohio over.
The proposition looking to this end has
been discussed TO some extent recently,
but until Mr.. Heinze spoke OF the deal
no official Information had been given
concerning IL.
Pleased With Properties.
A dispatch in the News Bureau. Bos-
ton, having bearing on the question. fol-
IF Augustus Heinze, who returned
several days ago from Butte. Salt Lake
and OtDer mining Ce0terS, whcre he spent
about two months in visiting the mining
properties in which lie is intercstcd-for
the first time In more than two years
IS optimistic regarding the future for
Davis DAILY and Ohio Copper.
Mr.. Hcinze says that so far as rumors
of an impending assessment were con-
ccrned on the Davis DAILY shares. the
board had not considered the matter, and
he would make no prediction one way o:
the other as to whether another call on
the stock (Which is assessoblc for $50
would be made.
Developments at the Davis Daily
property have been and continue to be
encouraging he said. ON the 1900 level
there was encountered an ore body which
assayed we'll in copper; IL was this same
body that, on the 1000 level. did not make
much OF a showing. Shipments by the
company ceased about the time that
reached Butte. Under an old contract |
had with the Washoe smelter the ores
had been sent there for treatment. With
spur. connections made with the Great
for which the committee on alleys and
streets has already passed favorably
upon and which now comes up TO the
city council for final action, regular ship
ments VIII be started TO the Basin con-
centrator, owned by the United Copper
company.
already been leased to the Butte and SUI
perIor Co, which Is treating zinc ores
there at the present time. While the
Davis Daly company will have the privi-
y
docs not necessarily follow that this fun
tonnage Will be forthcoming at the start.
AS TO the underground developments.
prosecuting on the 1900 level has
reached a total length of $50 feet, l25
feet on either side OF the shaft. The
average assay of shipments made dur
was between - per cent and 8 per cent
copper
About Ohio,
The Ohio Copper company. Mr.. Heinze
stated. was fully financed. and now that
production is we'll under way the prop
crty must stand on its own feet. MIR
Heinze said that he does not hold con-
troll OF the Ohio company. but that 1t is |
concentrated so that change could be
effected II desired. AS matter of fact |
he said negotiations To this end have |
been entered into, although the Ohio In
terests were not the ones to take the
The Ohio mill. with two units. has
been handling about 700 tons OF ore a
day, but the machinery is only being
warmed up. and, with capacity reached, |
double this tonnage can be handled" he
continued The concentrates, which |
average about "a per cent copper. are be-
ing shipped 10 the Garfield Smelter, and |
the Guggenheims Will market the pro-
duct,
80 far as the Davis Daily product is
concerned, the Basin plant can turn out
either concentrates or matte, but no de- |
cision has yet been reached as to which |
class of material Will be shipped from
BaSin 10 the WaShoc smeltcr
Through the recent Canadian court |
decision the United Copper company |
holds title 10 one-half interest In ap-
proXimately 100000 acres OF timber land |
IN Canada. Just what will be done with |
this property has not been decided, but |
IL Is possible that il will be financed in
the future. The idea seems to prevail |
that the United company Is desirous OF
selling everything it owns. but such is |
noe tue case. - iar as its Pennsylvania |
coal properties are concerned. however, |
il is not unlikely that their sale Will |
eventually be consummated. as we do