The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-05
ADDS TO PRESTIGE
IN COPPER WORLD
Amalganlated With Live Oak
and Inspiration Increases
Its Importance.
BIG TONNAGE INVOLVED
Deal Will Benefit Raritan
Works of International
Smelling Company.
BIG TONNAGE INVOLVED
The Wall Street Journal says:

The Wall Street Journal says;
In securing practical control OF INC
Globe camp the Amaleamated copper
company has made up large part OF
what II lost through the development OIL
the porphyry, copper properties OF 'ne
west The Inspiration and Lave oak
properties can be made to produce III
least 5000. 900 pounds of copper year
1t was the intention Of the Inspiration
Copper company alone 10 build mn
that would produce 50,o0Oooo POUNDS
year. So far exploration work In 'he
Live Oak and Inspiration territory as
sures life OF twenty-five years on
production OF 600 pounds year"
The exploration work on both properties
will be continued and much larger orc
tonnaees arc expected to DO located. ,p lug
ore which averages more than per cent
copper is considerably higher III Srane
than the average of the ctah ;Sppel ESppe5l
company and the Nevada Consohaa.eu
Copper company However. this advan
tase is lost as result OF the Sreaisl
economies that The Utah and NeVada
companies are able TO employ In the
handling OF the ore.
Prospective Output.
The combined output of The Inspiration
and Live Oak companies VIII he aIlnos.
as large as the output Of the Anaconda
mine That part OF the Butte camp con
troiIed by the Amaleamated can easily
produce s5o. 100000 pounds of copper
wear Add TO this the in,DoU,p p0u pros
pectivs pounds from the Globe camp apd
II gives a total Of a25.o0o.oeo POUNDS an
uually, ,,
Copper company '>are now producing at
the rate OF about 40 000, 900 pounds OF
copper a year. 1t is not to be expected
that the Globe camp viii eventually ne
merged with Anaconda. According 10 an
AUTHORITY. the combined company, which
may eventually absorb the Miami prop
erty. will be separate institution. donl,
mated OF course by interests 'deniiheo
The supremacy Of the Amalssmated
interests In the copper Industry OF the
world cannot be disputed; ,pdIyyid'Sai hdgy m,i
or single group OF interests. outside ol
Amalgamated itself the group identihed
with that company controls the Greene
Cananea, with an annual production OF
10000. .00e pounds; Utah Consolidated,
with production OF 1o.000.oo0 pounds;
the Superior & Pittsburgh, with 2o;ooo,-
production Of 3n.000o0o pounds year,
C;irouH. with a prospective output of TO-
600 900 pounds. and several other proper
lies. Besides. the United Metals Selling
company, now owned by Amalsamated
will probably handle the copper Of Mason
Valley owned By w. II. Thompson, and
which will soon be producer
There are numerous mines not men
toned above. the output NJ whioh is
handled by the selling agency OF Anal
gamated
Benefits Apparent.
a merger Of the Globe group under
Analgamated domination will result in
great benefits 10 the international
Smelling & Refining Co. II means Io,-
100000 additional pounds, perhaps more.
copper TO be refined at the Rartan
works. In view of the large amount of
money already spent by international
Smelters for new construction, and the
amount that will have TO be spent In en-
largng capacity, an issue OF additional
capital stock would mol be surprising.
The company was organized with an au
thorlzed capital stock of $50, 900, 900, VI
which 1000, 900 has been issued. With
out increasing the capital stock, cop
per smclter IN the Tooele district has
been built at a cost NJ $4,000 900. 4 lead
smelter and copper refinery TO cost close
10 $1,000, 900 Will be completed early next
year. and the capacity OF the existing
copper refining plant has been greatly
enlarged. Full benefits from the copper
smelter and lead refinery will be obtained
next year, Al the start the Internation-
al Smelling & Refining Co. began the
payment Of quarterly dividends OF II per
cent. Later the rate was Increased to 2
per cent The expectations are that the
stock will go on 10 per cent basis some
lime next year