Show L I II BOSTON CON CONAND AND UTAH COPPER These Companies Combined May Prove Nucleus of Gi Gigantic Gigantic Gigantic gantic Merger Scheme One who has ball heen Jeen prominently MenU Identified fied fief fie with the flotation of many of the theao I ao aIled low trade rade de porphyry copper pro propertieS perU acce W to the Boston Beaten Bo News Bureau Buru laY laYThe ayi The trend of ownership on in the various lorade properties makes It very apparent in time an anji anil l It may 1 not be far tar these companies wilt will willlie be lie gathered under und one possibly through a holding company When this takes place they Will nil come pretty near I controlling the price of copper b because aus e of or low 10 costs and large output I J There are eleven of these properties either operating or In active preparation reparation for operation They have a ag Total capitalization g of r shares and anda a a preset present market valuation of 1 They have estimated ore blocked out amounting to tons tona and five of these thet companies are already alread producing ns f in the aggregate at the rate of ot t pounds per annum I I think it very likely that preliminary J to a general controlling company the 1 Utah Copper opper and anel Bonton Bowton Consolidated companies will wUl come together and com corn combined L biDed h will have ha va about shares of f stock Wit With three they will wUl have havea 4 a dally daily treatment capacity of about 11 flOO iO tons ton of ore and before the close clo e of this his year yr should have bave a producing ca capacity 11 parity of about pounds of cop copper copper cj per placing them in the tHI lead of ot copper ii i producers The two Ely companies are already Of under practically one management The Ii i Guggenheim are today large owners of ofRay off f 4 Ray Consolidated Con so 80 that it can be fig figured L that to date the Guggenheim inter interests cats ests figuring Utah Copper and Boston Consolidated as all one property control or orwill r will wm have a prominent voice in the man management manY management Y of the Boston Consolidated Utah Copper opper Nevada Consolidated Con Cumber and Ray Consolidated f The Miami Giroux Inspiration and andi i Chino arc an ar all In a preparatory stage but butt stock Mock t ck ownership In these th companies es with iii the possible exception of the Giroux so 80 sol l lies that they could probably be brought f i into a consolidated company Ii 4 1 The large deposits so 80 far discovered ar are in Bingham Utah Ely EI e Nev lev Kelvin Aril Ariz and Globe Ariz It lt Itcan Itcan 1 can be figured out that the propertied now operating or preparing to operate in these the e four camps campa will within the next few years be ready to produce i pounds of or copper ropper per annum This would appear to be a bear card cardon on copper but as a matter of fact tact by bythe bythe bythe I the time these th companies are prepared I to turn out such an amount of the metal matal the tle consumptive demands of the world will probably require It It Consumption normally increases 10 per cent per an annum annum anA A num and none norae of the present big higher cost COItt properties can increase its output Rio Tinto Calumet the Amalgamated properties Copper Queen and United Verde are re all producing to the limit of or their ability and the new production must of necessity come from the new properties J 1 Possibly these Jow e producers will win prevent the copper ropper metal from seeking tt high nigh prices but I firmly believe that Q within the next few fu years veers there will wilt be M bea 1 a demand for all tt copper cor we can pro If duce It seems a v 1 little queer that th the Amal Copper company has not shown h any ay Interest in tho tb acquirement of ot new r properties in order to maintain Its hold on the copper trade of the country and andI I F reduce the cost co t of the output That com corn pany Deny is apparently satisfied with its l J po poI I f sitton in the Butte camp It has how howit it ever er greatly reduced its ore resources l In Butte without adding adequate sup C f plies pIles of new ore to take the place of or that exhausted It seems ma to me tao that the Amalgamated people 6 have been short 0 sighted and that It Is only a question of or time ume me when the wrest con conJ J of the copper business from the 1 Amalgamated people |