OCR Text |
Show COPPER PRODUCTION RISES That the condition of the copper production and marketing market-ing industry is in substantially better shape than any time since 1037 and that production at Bingham has risen to 75 or 80 per cent capacity in the last few weeks as compared to less than 50 or a maximum of CO per cent the past two years, was the encouraging statement of Colonel D. C. Jackling, president of the Utah Copper company, before he left Saturday Satur-day for New York City. Colonel Jackling, accompanied by Medley G. B. Welpley, a director of Kennecott Copper corporation of New York City, and officials of the company from Salt Lake City and Bingham Bing-ham Canyon, last Thursday toured the Bingham properties, reporting them in a satisfactory condition. Giving his views on war as a business stimulant and discussing dis-cussing reason for uptrend in metal mining, Colonel Jackling said : "Stimulation in recent weeks is simply a continuation of an upward tendency of more than a year," he said. "So far as business in the United States is concerned war stimulation stimula-tion is psychological, a state of mind, rather than real But this may not be the case if the war continues for any length of time. "Lasting peace would bring permanent prosperity and better business conditions in the long run compared to continuation con-tinuation of war for any period. 1 shrink at the thought of war anywhere and most certainly at the possibility of America Amer-ica becoming directly involved. We will not promote so-called war products. We do not want temporary stimulation that disrupts orderly industrial procedure. "While the current price of copper is low compared to the prices of other things generally, it should be considered at the moment at least very acceptable under existing conditions." |