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Show I -IK HTM CUMIN I injnvon Jlali Consolidated in Ideal Shape for Weathering Bad Copper Storm. H BRA OK LOW-PRICED PRODUCTION continues H . Important Changes at Bingham and New Chutes Help H Out Finely. Of llic numerous Utah coppor pro-fl pro-fl ilucinjcr onjnnizjifcions that nrc the svib- jeci. of considerable intercut theso ''copper hard times," and about which a great; deal dctrimouin ,bas been published for some time post, is (he Utah Consolidated company of. Bingham. Agreeable to the old adajjo that says something about the follow thai, laughs Inst laughs best, the Utah Consolidated company is tcmmiik :asv. and is looking the immediate and" distant future square in tho face PH without a tremor. It is doubtful if PH (.hern is anothor company in tho coun- PH uy that finds itself today in better PH hapo for future usefulness than this PH :ompnny. PH On Friday Tvhon the directors cut the PH dividend down, the president of the PH .-ompany issued the first: authentic, PH denial that tho management had PH Tound a great fault upon the S00 level, PH rhicb threw all the deep ores into PH adjoining ground. This deninl was PH rathor late, but all tho more welcome, PH ap the rumor had become cemented into sn assured fact by the silence of those PH in a position to deny the same. Cutting PH the dividends was a logical conclu- iion following the company's plans. PH Although the Utah Consolidated is PH earning far moro per share per year than, the old rate of dividondt; per Fharo, it has extensive plans ahead PH which make it highly desirable to PH have a comfortable surplus on hand. PH Among these plans for the future is PH Mie new smelter, and thcro is no PH doubt of this part of tho programme PH being carried out to the letter. PH But to return to the generally satis- PH factor mental condition of those PH who arc at the helm of this organizu- PH lion. The Utah Consolidated com- PH pany for several years has been noted PH for "being the company thai produces PH copper cheaper than anv other com- PH panv in the world. The cost of production per pound by this manage-inent manage-inent is very close to 5 cents, in many other instances throughout; tho count ry this production cost, runs up to 12. and as high as 14 cents o pound. Copper can drop to 10 cents, therefore, or to PB even 12 cents a pound, yet the Utah PH Consolidated company will be able to continue full blast aud at a splendid profit. It was thought several weeks ago PB i hat if there was a. fault at or near pij t lie SOO-foot level of (his Bingham pHH- property, it would mean deeper mining piB than heretofore, and a productiou of pHB copper at a greatly increased rate piB per pound. But the developments on PHJ the six and one-half-foot level of late pHl have disclosed over h half million I on s of copper ore, with the end piH not yet in sight. So tho Utah Con- PHH slidated company can be looked to for PHH . low-priced copper for an indefinite pil period. Another signiftcent change in piH the company's affair? is thai the PHJ mine has been completely equipped PHH with electricity. Hereafter there will PHH be need for fuel at the mine only "in pHa case of accident to the power "line, pHj and in preparation for such an evnnl PHH the management has a set of boilers pHH ready for instant action. At present pHJ all the compressors, hoists and other piB equipment of the mine are being PHH operated with electric power.. Thus is pij the difficult fuel question reduced to a pHH minimum as far hp the mine is con- pHH cerned. pHH Another new development in the af- pHH fairs of this country is that the man- PHH agement, is planning a new spur to the PHH mine, which will enable all ores to be pHH transported from the canyon in cou- pHH junction with, or entirely independent PH of. the tramway now "in operation. PH The spur is ess'ential for the reason PPjT principally that of, late there have been PpB two magnificent lead ore i lmi.es opened pHH up in new ground. Those who know, pHH state positively that the company, with pHH this spur, can ship moro than enough pHM lead ore to meet each aud every PPJj dollar's expense in operating the whole PH mine. TTow extensive these lead PpH chutes are has not been detcrminod, PPJI but there is a magnificent tonnage now PpH in sight to float the compare over a PpH protracted siege of hard limes in cop- PM perdom, should the red merai sink be- AVH tow zero. PVJ All in all, there is not a company PpH . in the West better equipped for busi- ness this winter, and it. should be men-tinned men-tinned that this company right now is PVJ handling a greater tonnage, and is making more money per share than ever before in its history. |
