Salt Lake Herald-Republican | 1918-08-04 | Page 37 | German Metal Firms Doing Big Business Here

GERMAN METAL BIG BIGI BUSINESS HERE I Annual Annual Totaled and They Output Large Mines i iSome Some l Idea ea of ot the huge lines on which alien aUen enemy people have been surreptitiously doln doing business In this country Is brought to light In the following story from Boston The Importance of or ortho tho German metal firms and lh their lr branches branch s In this country was never ne er so 80 fully tuly realized as now when figures of or their operations reveal tho the fact tact that the three leading concerns with ih German German Ger Ger- man affiliation did di a a gross business of or lose Jose to per annum Tho The American Metal company closely cosely allied with the of ot Germany and Henry R. R Merton Co of ot London has been ben doing tho the greatest volume Its Is Iro gross s running runninG about 90 0 a a. year ear L. L Co with lh an average gross bross of or during during the past three years year was as second In Imp importance while Beer Sondheimer lc k Co was never considered o Of tf great consequence The American Metal company through Its Is various subsidiaries probably probably ably controls moro spelter production than any other Interest not excepting the New ew Jersey Zinc company ActIng ActIng Acting Act- Act Ing as sales agent for tor some soma copper producing producing pro pro- companies Its Us business In th thred the red metal has been estimated at around pounds a n year ear ai as compared with about pounds for or the a agency ency During the days of activity on the London metal exchange both of ot these thess firms with wih their foreign connect connections ns were ver very active In copper sp speculation culaton and from this end of the business a n large share hare of ot their profits was de do- do xi rived V ed The American Metal company handles the output of ot the Granby Old Dominion Domin Domin- ion Ion Shannon and other smaller copper copper copper cop cop- per companies while the firm sold tho the output of the United Verde United States Smelting and some smaller properties Both of these concerns also Imported large tonnages of copper products Into this country for tor treatment and sale After the outbreak of or war In 1914 the American American Metal company bought large quantities of ot Australian zinc concentrates concentrates con con- which were Imported Into and treated in the United d States It was wa the purchase of ot this large largo tonnage that caused the company to re reduce uce the tonnage tonnage tonnage ton ton- nage of concentrates from the Butte Bute Superior Mining company First and last the tho German metal houses in New York have been a constant constant constant con con- stant source of irritation In the trade Their methods motho s were not American methods and no tears will wll flow now that their affairs have ha e been taken over overby overby b by the government