Salt Lake Telegram | 1923-04-29 | Page 21 | Am. Smelting Will Expand

r. r AM Ten Millions to toBe Be Spent in Improvements I Officials of the American Smelt In and Refining company Sa that the tho new financing that Company Is undertaking by a six per cent bond Issue will be u use usein lj in expanding and developing Us its plans the largest of which are located in Sal Lake Laks county jn The la is planning Immediate developments and addition isto is to Us its properties particularly the at Us its coal mines of ofa a modern mining equipment havinga capacity of tons of coal per month and the erection of product by-product coke ovens of tons capacity per peri month this capacity being a cuns live tive estimate of the company's requirements require ments In Us it own operation About 30 SO tons of coal per month will be re required required re- re for coke and the balance will bt be available for commercial purposes fl I In addition the company Is contain plating the erection of a. a new copper smelter and a zinc smelter In Mexico as well es s the acquisition of a Interest In and the operating man management pian of Important new Mexican mining properties The proceeds of the bond issue iesu will be used for these purposes Including the reimbursement of the treasury of th the company for expenditures made to date In the acquisition of th the Rosita coal property of approximately acres estimated to contain a quantity of splendid coking coal sufficient to supply the contemplated mine output for over y years ars Ji The rhe earnings of the company continue to satis satisfactorily Improve and in March to more than in any month since 1920 H 1