OCR Text |
Show MEXICAN OPERATIONS TO BE INCREASED American Smelting & R-efining Company Com-pany Will Develop Source of New Bevenue. Mexican operations of the American Smelting & Rennirn? company will be increased in-creased in the near future. Not only will such a step be welcomed by the company, but as a source of new revenue the Carranzistas should be In accord. The tin plant which the company has in operation in New Jersey has become a valuable asset through the advance in price for this metal. The "raw material" for treatment comes in the form of 60 per cent concentrates from Bolivia, so j that the British restrictions on the move- rr-nt of tin from the far east do not affect the company's source of supply, j By the end of the month the plant should ! be Jn position to produce SCO tons of tin j monthly. . In the present poolinsr arraneement j union? the copper producers of the country ' the American Smelting company piays a ; very imrortint part, together with the Ana'conda. Phelps-DoJtre and Calumet & H'da companies. It has to do chiefly with the handling of copper for export I account, the United Meta's Seilincr com- panv having charpe of domestic business. Estimates, entirely unofficial, have it , that the company earned during If 1 7 I 525 per share on the outstanding common I stock. Boston News Bureau. I |