White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1911-06-25
COPPER IS TOO
LOW SAYS RYAN
PRESIDENT OF AMALGAMATED
VISITS SALT LAKE AND DIS
CUSSES SEVERAL MATTERS
OF LOCAL INTEREST.


the world. reached Salt Lake City
Monday morning from the east, says
the Tribune.
Mr.. Ryan was met by General Man
ager E. P. Mathewson of the Inter-
national Smelling & Refining COM
pany, Roy S. Alley, his personal rep
resentatiye at Butte and Messrs.
Woodward and Whitehill of the In
ternational and the party was taken
to the new copper smelling plant in
Tooele county.
The most striking feature of the
International Smelling works at this
time, Mr.. Ryan pointed out, was the
preparation for installing the lead
smelling furnaces. Two furnaces are
to be installed which will have a
combined daily capacity of 500 tons
of ore. The e~xcavating for this i'm
provement at the plant is about COM
pleted, orders for the structural ma
terial are being placed and progress
in construction is being made as
satisfactory as could be desired.
"We feel that it is well to encourage
the production of lead Ores said
Mr.. Ryan, when told that the western
lead ore producers appreciate the
favorable terms that the company is
giving them for smelling their ton
nages. IF by decreasing the rates
of smelling We can increase the pro-
duction of lead and silver ores we
will be doing a good work and the
smelling companies in the end will
make as much as If the higher smelt-
ing rates were retained and a limited
tonnage supplied by the mine owner"
When asked what he had to add to
his recent report as president of the
Amalgamated Capper company re-
garding the copper situation, he
pointed out that this report was sub
mitted only two weeks ago and he
had no reason now to alter his mind
at this early period.
IF a mar is a good guesser," said
Mr.. Ryan. smiling, "he certainly
should not have much trouble to
guess ahead two weeks. But II any
thing, the copper situation is easier
today than 1t was at the time the re-
port was issued. Copper still Is very
much too low. The producer should
get more for his metal than he is
getting. for 1t must be taken into
consideration that some day the in
vestment must be written off. Pro-
ducing copper is not like a manufac-
turing proposition, you know"
When asked regarding the ship
ment of ore from the Giroux Consoli-
dated property to the International
plant at Tooele. Mr.. Ryan stated
that he could give no enlightenment
on this subject, as the Giroux was
under the eye of Mr.. Cole. The
Tooele smelter, however, can handle
this Giroux or any other copper ton
mage procurable. for while four out
of five reverberatory furnaces are op-
Grating none of the four is operating
at its maximum capacity. This re-
serve capacity, therefore. would have
to be utilized before the Interna-
tional company would proceed to
supply any greater copper smelling
capacity.
That portion of the Amalgamated
Copper report touching upon the
copper outlook was as follows.
"The consumption Of copper has
been increasing steadily especially
since 1908. but the increase has been
much greater in Europe than at home
The worlds stock of copper Is re-
ported by the Copper Producers
association for this country, and
Merton & Co. for Europe, shows no
increase in visible stocks since the
middle of the year 1909. and 1t is be-
lieved that the stocks in consumers
hands at present are much smaller
than they were then.
THE total American production as
reported by the Copper Producers
association was as follows: In 1909,
1,405, coo, GOO pounds; In 1910, l.
452 600 pounds and from the
present outlook there will be no ma
terial increase In production this year.
The natural increase in consumption
will, we believe, absorb any increase
in production that is likely to come
in the next few years, and we look for
- -. -. I-zA -