Show GUGGENHEIMS AND COPPER Their heir Utah and Nevada Mines Are Counted on for Big Results A New York mining engineer familiar I with the plans of the Guggenheims in Inc copper c Is quoted by a a Boston publication tion as follows ton The Guggenheims expect within two or three years ear to control pounds of copper production or 15 per cent of the worlds copper output output and they the ex cx expect expect to develop this copper production from the Bingham and the Ely camps caps which do not at present cut very ver much figure In the copper world The he Guggenheim group at present con consists consists sits of three thre properties as a follows Ne Nevada Nevada Nevada vada Consolidated company compan Utah Cop por par pany U company and tom com company lom lomU These Thee properties the Guggenheim in interests interests interests control and they are the only copper properties they do control in the thc United States They The figure that by 1907 1007 tho the Utah I Copper company will wl be producing at the rate of pounds of copper per an annum a annum num and the Nevada Consolidated at the rate of pounds and that by 1908 1903 19 the tho production will wil be as follows Pounds Nevada Consolidated 1000 Utah Copper company compan company com pan The Guggenheim policy is to open up new big low grade gade deposits deposit and the only known large deposits deposit of ot o copper bearing berng ores lie le in the porphyry belts at Bingham Utah and Ely Nev NevI I 1 do not believe beI ve however that the Guggenheims will wi be content with wih these properties I anticipate that they te will wl secure control of the Boston Consoli Consolidated Consol dated which is a very ver similar proposition to that of ol the Utah Copper com corn company company pany and with wih the Boston Consolidated and the Utah Copper company compan they would be in as complete control of the Bingham Bingha porphyry deposits as a they are In the Ely El camp The Guggenheims also have large lage cop copper copper copper per interests in Alaska They are al already already ready redy preparing to build a smelter in that country countr Within a few years I expect the Gug Guggenheims Guggenheims to control at least leat 25 2 per cent of the te worlds copper production which would make them a greater geater factor In Inthe inthe Inthe the copper world than the Amalgamated Copper company now Is |