Salt Lake Tribune | 1912-04-28 | Page 6 | Local News

One of the moat significant pieces of news relea-ed in many months was that Of a few day- ago to the effect that the Amalgamated Opper interests inter-ests had determined ui"'n the addition ol improvements to their Montana snielting facilities to cost approxi-matelv approxi-matelv i3,000,00O, This information was released at Butts by John D Ryan; president of the company, and it Indicates that In the era of low production pro-duction 0O8t the WOtrld of copper is now entering, the Butte district, will not be lacking With means of asserting itself. Mr. Ryan - visiting Butte accompanied accom-panied by many prominent capitalista and mining men of the Kasl, and the party win teach Salt Bake Ctty dor ng the week. The international smelter smel-ter at Tooele, (.'tali, ia an Amalgamated Amalga-mated Copper enterprise, and. doubt-less, doubt-less, will occupy the attention of tbo partv- much of their stay within the State. Stork market conditions have been somewhat Weaker for several day;, there being a disposition on the part of the public to take profits made possible by the re-ent advances ' all along the line. The best informed mar. ket authorities are of the opinion that the Upward movement i- far from the crost yet, and they freely advise buy. ing on all reactions The nipper issues c peciall are considered attractive in view of the strong position of the met al. Local mining share trading has fallen off somewhat the lack of attractive news from Tintic being responsible, largelv for this. Bot Ihis is B temporary tem-porary condition, and the market is iu B position to respond readily to the pressure Of favorable developments and reports. Silver proved a gratifying feature of the week, a Ivamcing over a cent an ounce, to the material profit of Utah silver producers. A- the banner sil ver producing State of the Union, Utah rightfully a -serfs an interest in the World's position of this metal second tri none. (Upper remains steadily at Sixteen cents a pound, lead holding at $!.o at the local smelters throughout the week