The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-05-08
Mines and Mining Stocks
MR.. YEATMAN HAS
FAITH IN COPPER
Nevada Con. to Increase Out
put-Situation Will Soon
Right Itself.

That the copper situation Will right
itself sooner than many at this time
believe TO be possible IS the conviction
of Pope Yeatman- managing director
of the Nevada Consolidated Copper
company, who has been here several
days looking over the properties or
the Utah Copper company
ITO the speculatOr-the man who
bases his operations upon the month
to-month prices of the metal-the pres
ent copper situation Is not encourage
ing" said Mr. Yeatman, but for the
investor there is nothing TO cause un-
easinesS or alarm At least far beyond
the lifetime of anyone now living, cop
per will remain one of the most use
full of metals, and its production Will
remain one Of the greatest Oh all IL
dustries. Readjustments TO new con-
ditions may at times become neces-
sary. but terms of years viii always
show a good margin of profit between
the cost of production and the selilng
price. -,
other products excessively high, the
price of copper appears TO be amor
mally low. This is due IN large part.
perhaps, not only to the RECORDS OF
low-cost production which have been
made by the -porphyries, but to the
demonstration of what can be done IN
the way of increasing their outputs py
making relatively inexpensive addltlons
to their present plants. The impress
sion has been gained that there is to
be no end TO the bringing in OF new
porphyries, when the fact IS tnat sew
eral which have been brought IN ana
which are being brought N are the
result of years of searching: that eX-
perts have invaded every mineralzeo
region of the world in quest OF pros.
pective producers of this character ana
that capital has been ready 10 take
up everything that showed possioill-
ties of future value.
See Only One Side.
Consumers have taken advantage OF
the stress that has been laid upon the
large addition to copper production
which is to be made by the porpny
ries. without taking into account that
some of the mines which Tor years
have been producing the bulk OF Che
worlds copper supply must In the very
nature of things produce less II Will
he recalled that there have recently
been disappointm ents in relation 70
reserves in some OF the oloer mines
and statistics which are presumed 10
he reliable show that the new produc-
ton of the porphyries, taking into &C
count the declining production OF lIie
old mines, cannot more imam maxi VI
the natural increase OF consuInp tlon,
which is reckoned at about III per
cent a year..
Expressing satisfaction with cohui-
tions in the Ely properties OF NeE ss-la
Consolidated, which he visited the II -
of the week, Mr. HeaIman lilulcdt
that the popular idea that Nevada
Consolidated has reached the limit OF
production with Its present eguiPtlione
is erroneous. Improvements IKE Inose
which are nearly doubling the mlllin ing
capacity of the Utah copper CON pd pan,
are being Installed in the Steptoe con-
centrator with equally good effect ne
said. and its capacity Will be lhcredse ..
considerably during the coming year.
Designed for a nominal capacity OF
1000 tons daily, that plant lasI yea
handled close to 5000 tons OF ore daily
and the last two months 1t mas peeh
treating an average of about l'OoO TONS TONS
a dav. And the new improvements
will add not a little to that capacity.
improvements in its smelling pIant
are likewise being made by Nevao5
consolidated In. place of acid-Ilne9
furnaces it is installing the oaslc-Iheu
furnaces. which have been proven
success in the Garfield plant OF the
American Smelling Refining COM
many. The innovation, while not ma
4eriallv increasing capacity, saves "a
nor and expense, in that It eliminates
freouent renewing of the furnace nm
inc 1t is another step IN REDUCING
production cost of copper