The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-04-17
international Smelling Will
q Use Many Millions to Increase
Earning Capacity.
NWILL WAIT UNTIL
Bj UTAH PLANT BEGINS
to Be Given a
Fd Chance to Secure Stock at
Par Value.

Trippe & Co. have sent out bulletin
PIN the International Smelling and Re-
4nng company. the company now Install
Chg large copper smelter In Tooele
!csSounty. This bulletin is interesting for
he reason that II foreshadows an in
trcased Issue OF stock, and the following
Excerpt will prove interesting locally:
lra indications are that 1t will not be a
rsereat while before shareholders Will be
leiven an opportunity TO participate In a
!. new stock issue. as the conpany's policy
As one OF continued expansion. Should
! $40 900, 900 additional stock be Issued for
<lconstruction purposes, the holder Of 100
Cshares would be given the privilege OF
Z subscribing to 100 additional shares at
lEpar and should the stock be acquired
al its present price OF Sl50 share, 1t
would make the average cost SIPS per
ls,ehare The management for the past
tyear has been collecting data for use in
'zIocating new smelling and refining plants
mt points giving promise of reasonable
!1rctun on the investment, 1t is under
Isiood that the company has delayed It's
lconstruction programme. pending the
ycompletlon OF the Utah smelter. In 9TH
FER words, if the Utah plant is as sue
icesstul as expected similar plants Will
BE located al advantageous points,
d The Utah smelter has been under con-
.lstruction since the first OF the year.
j7Seven miles OF railroad now connect this
iHsmelter site with the San Pedro, Los
,IAngeles & Salt Lake railroad, a Clark
road. and operated as a part of the Har-
;-,riman system, The plant Is being mod
'1eled along the lines Of the great Washoe
Ilsmelter OF the Amasamated Copper com
pany, and the recently remodeled plant
nof the Grccne-Cananea Copper company
'7ln Mexico; and is being built under the
I1snpervislon OF the experts who have
eharge OF The Greene -Cananea and the
& Washoc smelters.
81 International Smelling and Refining
Ills one OF the corporations capitalized on
basis Of actual valuation. and for this
y reason il occupies an unusually strong
v POSITION In the branch of business IN
S which il is engaged. Another feature is
'oDnd In the concentration OF its stock
4 Elh interests who hold il as an invest
= nent. The floating supply OF the stock
4 Very small OF the 100000 shares out
handing. 10000 shares are held by the
United Metals Selling company, 5000
yliIares by the Utah Consolidated Min
N1ng company, and 5000 shares by. the
Mif the stock IS distributed among we'll
y known and wealthy investors. II is in
:, leresting TO know that the United Metals
ifell.ng companys stock underwritten at
$500 share, is now quoted around $500
4 D share,
s International Smelling stock was un-
derwritten at par and made its appear
nnce in the market at n premium OF
Between $50 and $50 n share. That tho
shareholders have confidence in the prop
,erty Is evident from the fact that during
fhe recent slump in the general stock
= = market which carried many securities
down from i 10 20 points, international
! smelling stock held firmly around $3.50
: share on the Boston stock exchange
Ena the outside securities market In New