| Show MUTT HANCHETT TAlKS TALK ABOUT COPPER Newhouse Mines Manager Says Boston Con Is Still Producing Heavily ALL MINES SHOULD CLOSE TILL REACTION COMES AND THAT WILL BE SOON 4 Lafayette Hanchett manager of t the Newhouse Interests in Utah and Colora Cobra Colorado do returned from a business trip to Den Denver Denver Denver ver and other Colorado points yesterday I morning When hen seen during the after afternoon afternoon afternoon I noon Mr Hanchett stated that he had re received received no word of or what was done at the Boston Doston Consolidated and Newhouse Mines lInes I companies meetings on Thursday though be lie would not be surprised if It he received word to trim t im the forces and curtail pro production production production at the Boston Consolidated any moment At the present time said Mr Ir Han Hanchett Hanchett Hanchett chett there are over roo OO names on the payrolls of or the Boston Consolidated com corn company pany This includes the operations going on at the sulphide mines the steam shovel and other surface crews at Bingham and the men employed in the construction of ot the milling plant at Garfield While the sulphide mine Is la not producing at the rate maintained earlier In the season we are stIll lUll shipping between roo O and tons of ot ore per day da While not attempting to anticipate any action that the directors of at Boston Con Consolidated m y take Mr Ir Hanchett per personally personally believes that all of at the copper mines nInes ought to close cIos and go on an equal footing tooting He is not pessimistic on the fu tu future lure ture at all but while the play is on to curtail production and prepare for tor the readjustment of at market and other condi conditions conditions conditions that must Inevitably come he ha thinks everybody all producers of at copper ought to participate AR As far as the copper metal is con concerned concerned concerned said Mr Hanchett this has hast I t been een up to the present time a producers panic It cannot last a great while later the consumers will get Jet pinched A great deal of at copper is still being consumed In Inthis inthis inthis this country and arid if It all the mines were to suspend production it would not be bo long till every pound of ot spot copper was ex exhausted hausted I believe belleve there is real need for much copper right now no and I also be believe believe believe lieve there is plenty plent of at money mane with which to purchase It but the manufacturers are off to force the market as an low as ass possible they will be made to see a great light bight by and by b With the mines closed I and the forces of at mine mills and smelt smelters ers scattered with the tho comparatively small smaIl amount of at copper metal that has accumulated exhausted consumers will willbe willbe willbe be in a pretty bad way This is evident to those who to reorganize mine mill milt and smelter forces will require at least ninety days and that it will be at least that much longer before copper can be supplied in quantity and grade to meet the requirements of ot trade That is sure to advance the price and then the inter interests interests interests ests which are now holding back to fur tur further ther flier squeeze the producer will be com corn compelled compelled polled to make up for their folly toIly This business was Vas too rapidly t last and the tho recovery Is sure to come though it will necessarily be b slower than the fall taIl has been on account of at the time that will be required to make a new start and stock tho the market |
