Salt Lake Tribune | 1904-07-03 | Page 16 | Copper Rates Greatly Reduced

! COPPER RATES j GREATLY, REDUCED j Utah Placed on Equality With Mon- J , tana on. Rates to Atlantic ' ' Points. THE RAILROADS of Utah have made a concession that Will be splendid news to the copper producers pro-ducers of this commonwealth, as we'll us a stimulation to further development devel-opment of copper mining In the Stale. Heretofore the rate from Utah to At-lantlo At-lantlo seaboard points, where most of tho copper is sent, has been $14.35 per ton, against $10 a ton from the big centers cen-ters of Montana. The Utah- rate has now been reduced to tho same as that of Montana, SLO per ton, and the local roads have Issued tariffs covering tho same. This action lias been taken to placo Utah on an cqunllty with Montana, Mon-tana, owing to the fact that this Stale Is so rapidly becoming quite a decided factor In tho copper-producing market. mar-ket. The Highland Boy. United States and Bingham Con. smelters at the lower low-er end of Salt Lake valley produce a million pounds a. month, If not more, and the Newhouse properties will later greatly swell this monthly output to say nothing of what might be devel oped later on. Thus, It will bo seen that it will result in quite a large saving sav-ing to the producer each year. The details of the tariff are as follows: fol-lows: Copper matte, black and pig copper, cake, bar, anode. Ingot copper, released to valuation of $100 per ton, carloads, minimum weight, -10,000 pounds. From Utah common points as described In trans-Missouri freight tariff, etc. To Boston. S10.-10 rer ton; to New York and Perth Amboy, $10 per ton; to Philadelphia, $9.40 pur ton,4 and to Baltimore. ?9.40 per ton. ' The "Important figures In the above are the rates to Perth Amboy and New York, where the grenter per cent of the copper Is shipped, although a still lower low-er rate Is given to Baltimore and Philadelphia, Phil-adelphia, and a higher rate to Boston. It wlll.be good-news to the copper producers as well as to the general mining mi-ning Interests of the State.