Show SENATOR LARK CLARK CLARKIII II I IN III LOS LOWES Talks on General Mining Out Outlook Outlook look nook and Predicts Better Beter Prices for Copper Metal Senator W V A Clark president t of oC the San Pedro Per Los Ls Angeles Sat Salt Lake rail railroad ri railroad road Who has invested 00 0 of his own owa OWr money derived from mines In open pen opening opening penIng ing up the business of the great Nevada desert to Los Ls Angeles arrived In the city yesterday esterday morning direct from rein New York after Los Lo Angeles a a lengthy Times stay SL in Paris Pars says sas the Speaking of or the mining outlook he says sas that the condition of ot business bulnes on the Salt Lake Lk railroad seems to Indicate a gen general genell eral ell revival in the districts distrct tributary to totne the road He does doe believe however beleve that Los Ls Lo Angeles has ha yet t fully awakened to the 5 of the mining Indus Industry try tr ana an regrets reet that a more concentrated I I effort eror is not made by b the jobbing inter interests Interests interests ests fo to o capture the te Immense business that thatis is i s now going goin In large measure to San Francisco He believes that the banking interests i of Los Ls Angeles are taking a false position toward towar one ore of this greatest assets asset and while it Is generally admitted that mining has lifts developed many unfortunate conditions he points pints to tho th fact tact that banking methods throughout hout the country counti have not been entirely above aboe sus suspicion suspicion t I I I Of or the market he says sas that lie he le looks for or a gradual though by b no flO means i sudden improvement after tho the nation has hassette I settled sette down from the tlc disturbance of or elec dee tion ton times arid and n d believes that the th quota lion Uon ton will stand at 15 IS cents within the next six months The The country generally is in excellent shape and the resumption of t normal conditions will wi result reul In a largely increased consumption j I At the present time the copper con consumption consumption I In home markets market is not more than 40 4 per cent of normal and the tho sur surplus surplus plus production of the United States has I been going to Europe Under these thee con eon dlton it was believed b bc that a a large lare sur surplus surplus plus was being bing piled pled up across the water He He says however howl that he be is In receipt of reliable advices adv es from rain Europe to the effect that the te present in sight there ther is not more mor than tO long Ion tons less than pounds or not more ore than a a months supply That proves proe that hat hatour our surplus of from C to O tons a f month has gone directly into the hands of consumers consumer From the b st advices obtainable in inthis Inthis this It appears that the large J dealers ealer In the metal ar are almost almot sold out and for that reason a u sham Increase in price is expected ex ted when hen commercial commercial condi condl conditions j j tons are thoroughly righted At the pres present present ent mt time production is about SO SI S per cent of Jf f normal as gauged ed by the tho th figures for 1937 19 after having gu been down to a ratio I rot not more than 60 r tier Per cent nt of normal In Inthe Inthe the carI rh part of the t e rear ear 1 Mr Ir Clark says that there Is no truth J JIn In the rumor that he Is going to purchase the smelter of the the Arizona going Smelting t I Refining company compan at Humboldt j j I will wi be knocked down to to the highest bid bidder bidder der next month He admits that his j agents Investigated conditions surrounding Its affairs affair but found matters ter so complicated complicated th he decided deide to thaw law out for good He also says that the matter of erecting a 1 smelter at at Las Vegas or some somi other point on the Salt Lake railroad has received the consideration of his corn com company pany but that nothing definite has been decided upon It I is not likely that there will be any developments In the near fu future future U ture tune The production of the United Verde Mr Clarks great Arizona mine was wa I pounds of fine copper for last month and that record will wi be exceeded 1 In It October While the average value lue of or orthe the copper contents of the ore is not a a subject for public discussion dISCUSS ion he says sas that I the gold and silver values will average per ton Last month a tw was ivna blow in at nt th the smelter and a n blowing E engine lne of or large lare capacity was was started yesterday Roasting has beeri bei be en entirely tr abolished at the works work and the production I 1 now about 80 SO r per pei Pe cent of normal nonal after being as low 10 as 50 5 per pr cent centor cent centor or 55 w per cent cent earlier earler in the year ear Be Between Be Between tween 1000 10 and antI 1100 11 men are arc employed in the smelter and nd mines mine Mr Clark will wl remain here for a few tew days attending to accumulated business connected with his is railroad Interests and will wi then go to Nevada eada and will wi also visit his Ophir mining property In Utah Itah l th He will 1 then proceed to his home in Butte Bute and I Iwi will wi remain there for several weeks weeks |