Weekly journal-miner., 1915-08-25
COPPER SUPPLY TO
 BE GREATLY AUGMENTED
(From Friday's DaiIvl

be added annually to the worlds pro duction of the red metal, as a result of prolonged negotiation in which Los Angeles and eastern interest: have finally reached an agreement.
 In these days when as many shells are fired in single battle as were fired in an entire recent war, 50,000,- GOO pounds of copper is certain to find ready market.
 This transaction is of particular in terest locally, not only because Los Angeles men figure in the trans action, but for the further reason that the mining properties affected are but days ride distant in Arizona. It is also of general interest, aince those properties have passed under the con trol of the greatest copper producing concern in the world, the American Smelling and Refining Company.
 For years large group of copper mines in Gila county, Arizona, have been held together by men who know the value of their holdings and know, too, that it was only a matter of time until the right interests would need those lands.
 The present war has, perhaps, has tened the psychological moment. At any rate, it is at least an interesting coincidence that one of the most i'm portant recent transactions in copper mining properties has reached a sue cessful continuation at time when the copper metal is around the high price of 20 cents a pound, owing in large measure to war demands.
 Shelter Three Miles Distant.
 The properties are those of the London-Arizona Consolidated Cop per Company, comprising the old London Arizona Copper, London Range Copper, London Shamrock Copper and Ball Copper Companies, and the whole amounts to 2,300 acres, with the Hayden copper smelting plant of the American Smelling and Refining Company only three miles distant.
 Those thousands of acres of min ing lands, with their millions of tons of copper ore, were there before the American Smelling and Refining Com pany built the Hayden shelter. It would appear from this circumstance, therefore, that the company's en- gineers used faultless judgment and discrimination in selecting a site for the $2,OOOOOO plant.
 The new interests in control of the mines will at once proceed to erect all the operating plants and in stall all the facilities necessary for development Production will, it is believed, start in about IS months.
 A feature of the equipment will be gravity tramway three miles in length which will deliver ore from the mines to the Hayden shelter. When running at their maximum ca pacity the mines will employ probab- ly 1000 men.
 Value of Output Large.
 An idea of the financial importance of this latest big development in the worlds copper mining industry may be gained by merely turning the out put of these consolidated properties into dollars. Fifty million pounds of copper at the war price of 20 cents d pound means gross production of $l0000,GO0 a year. And war time prices for the metal will probably continue well along into the early years of peace, so great will be the demand for this metal in the restora- tion of economic equipment in the war-ravaged Old World.
 Even in normal times the average price of copper metal is IA cents a pound and at that rate the mining properties under consideration would be turning out metal worth $7,0OO,- GOO annually.
 In the light Of the latest available production figures for copper prop critics, the London Arizona Conso1i- dated will rank about eighth or ninth among the worlds 300 or more impor- tant producers of this metal. It will be excelled by the Anaconda. Calu- met and Hecla, Rio Tinto, Boston Montana and Copper Queen; but it will easily rank with the Green Can anca, Ray, Miami and Chino.
 Great Mining Dynasty.
 The interests that have created this huge corporation are to the worlds mining and metallurgical in dustries about what the. Rothschild dynasty is to world finance.
 The company's operations extend over a large part of the Americas, from Alaska down into Chile, where the Tocopilla mines break all records for size of copper deposits The out