Salt Lake Tribune | 1911-09-10 | Page 18 | Ray Smelter Purchase Removes Competition

RAY SHELTER PURCHASE REMOVES COMPETITION The Wall Street JOUfnal says that If the R.' Consolidated Copper company I had not sold Its partially completed Bmel-I t-r at Hayden to the American Smelting I & Refining company i' would have had to pete for the custom ore? in that lo- I caUty with the latter, as the American Smelting v Refining company had de- , elded W erect smelter In the neigh-borhOOd neigh-borhOOd of the Rav and Globe campi The Ray company would nave had con- ' sidcruh.o of a tark on lli hands to underbid under-bid the smelting Interests, and the net reeull would probabls have been a r .1 1 war with little profit to either parties so that Ray's course In disposing of its i smelting property to the American Smelt- 1 Ing & Refining seems ir. have been the Wisest step under the conditions. Ray will expend the f l.ia.ooo. which it had spent on its smeltvr and which it receives re-ceives hack from the American Smelting .v Refining, in developing its properties, opening up shafts and heed Inge and placing plac-ing the mines in position to contribute the 10.000 tons of ore a day which Is scheduled to be ultimately produced. It is of interest to note that this is the I llrst I liu In the history of underground copper mining that a mine of this char- I actor has been developed to so large a per diem tonnage. The fourth unit of the Ray coneen- i ttgtor went into operation about August IS, thereby placing tic property or, u 50 per ceni production basis of present capacity. The Ray mill is on the eighth unit plan, hut tho present basis of B0 per cent doeH not mean 60 per ceni "f intimate in-timate capacity, a the capacity of the units are being gradually increased-