White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1912-12-15
Geo. E. Gum
Denies Merger

capacity of 400 tons of ore. By en-
larging these furnaces slightly each
has a daily capacity of 100 tons of
ore, and only one Is now kept in COM
mission.
Relative to the Magma mine at
! Superior, Arizona, he stated that new
ore body of splendid possibilities had
been struck on the 650 level, and that
the prospects of the mine as a large
producer, were of the brightest.
Mr.. Gum and party left yesterday
morning in the private car Ely, for
Salt Lake City, and after eonclud-
ing his trip of inspection, intends to
go to California for a vacation.
Concerning the merger of por-
phyry properties, the Salt Lake Tele-
gram says:
1t has been about three years since
any serious discussion of merger of
porphyry properties has been under
| taken. Recently there has been
most friendly relation between ID. c.
Jackling and J. ID. Ryan, and it has
been no secret that the Cole-Ryan
syndicate was being dissolved. Mr..
Ryan has been credited with paying
TO some OF the men in the east and
on several occasions it is said that
Ryan said Jaekling was the biggest
mining engineer In this country to-
day.
While the possibilities of a mer-
ger of the porphyry eoppers is simply
market gossip, it Is quite likely that
such a merger would link together
such properties as Ray Consolidated,
Miami, Inspiration and Greene-Can-
anea in one organization, and that
these in turn might enter into some
component part with the Utah Copper
and Nevada Consolidated companies.
As far as can be learned at the pres
ent time, there is no disposition as
yet shown to include the properties
of the Chino Copper company in this
group as the small share capitaliza-
| tion of Chino and its distinct operat-
| ing changes are such as to put it in a
class by itself and it is not likely
| that those behind it would care to
! figure in merger of that kind
For several years negotiations of a
preliminary kind have been going on
J with view of getting the consent
of the controlling interest in the Mi
ami Copper company TO pace some
/ figure upon its holdings upon which
they would be willing TO sell their
holdings. II has never been possible
to arrive At a set of figures which
would be agreeable TO the controlling
interests of this property but the pre-
sumption scenes to be at the present
time that these interests are now Will
ing II enter into a combination which
would operate largely in reducing a
number of overhead charges which is
bound TO prevail in operating half
dozen units as separate properties
Those who follow the copper game
carefully have been convinced, for
at least a year, that John d. Ryan of
the Amalgamated Copper company
has some very ambitious dreams
about placing nearly all of the cop
per interests he is identified with on
a footing where they will be able TO
enjoy the profits which are destined
to accrue to the cheaper cost copper
properties. which are now in process
of proving themselves in various
parts of the United States. In fact,
IL Is the eonciliatory tone which
has been displayed by the various
copper interests in this country for
the past year and a half that has
made possible the present advance in
the copper metal. as instead of un-
derselling one another in the open
market along a policy which meant
losses instead of profits, they have
seemingly been willing to show
| n III
No one who knows the copper
market at all can doubt for a mo-
ment but what eventually such prop
critics as the Amalgamated Copper
company must in time become as
lsociated in some fashion with the new
group of copper mines that have
been slowly popularizing themselves
even If for no other reason than TO
safeguard the older mines from the
higher costs of operation, which can
not help but result where mines are
worked at depths of around 5000
feet. irrespective of the grade or
character of the ore mined. The en-
fry of Mr.. Ryan as one of the con
trolling factors in both the Live Oak
and Inspiration companies is believed
by many 10 represent lhV hie' ''Sf "
this direction. and while deals OF this
kind of course move slowly, there
have been indications during the
week that some very serious work
along these lines is now being at
tempted. Negotiations are still pre-
liminary. but they may lead TO very
important conclusions eventually.
While the properties mentioned
here are operated under many differ
ent groups of leading copper pro
ducers. still this fact is not enough 10
initiate against the deal. the Ray
Consolidated is generally credited
with being an Aldrich, Mcneil com
pany; Miami is lewiston company
while the Inspiration is Ryan
Thompson organization, with the
I Greene-Cananea @ being exclusively
Cole-Ryan property.
Phillips-weber Wedding
wallace S. Phillips of McGili ano