Salt Lake Telegram | 1930-09-29 | Page 9 | Depression in World Market Affects Copper

DEPRESSION IN WORlD MARKET MARKH William H. H Bassett Head of Mining Institute in Salt Lake Price of copper anI and brass Is low because o of a g general Industrial de depression depression de- de throughout the world It does does' not arise from Crom causes within the Industry nor wholly holly from conditions conditions con con- In the tho United States That Thal is the tho opinion of 0 William WilliamI II i I Bassett president of ot the American Institute of 0 Mining and Metallurgical l cal engineers who ho arrived Monday Monda morning on au al an annual visitation of or tho the Ut Utah h H section of 0 tho the Institute When foreign industrial conditions conditions conditions condi condi- Improve Americas America's exports of brass and copper will vilh relieve the surplus situation which exists now In the tho industry the noted metallurgist metallurgist metal metal- declared In tho the same way Improvement of 0 industrial conditions conditions condi condl- In the tho United States would offer oHer greater grealer outlet for 01 copper and brass and would bring about a higher price level o Utah's copper mines while dir dif event from 1001 tho those e in other parts larts of ot the he countr country In character are equally efficient and are low cost pro producers Mr Ba Bassett elt said The Ut Utah h Copper com company pan Is in good hands hand he declared Every new discovery discover In the Industry which Ican can profitably be ap lcd hero is being utilized to Improve production methods A program of 0 calls Including the thc mills of or the Utah Copper company at it Garfield tho the mine at Bingham and American Smelting and Refining RennIng Renn- Renn Ing ng company plants at Gai Garfield field had been arranged for fOl tho the visiting lent dent He will wilt be bo guest of ot honor at 7 p p. p m. m at a dinner l gl given n b by the Utah section of or the thc Institute at the Newhouse hotel He lIe will leave lea Tuesday for Reno neno Nev Ne s Mr Bassett received the James Douglas medal for constructive re- re I Continued on page S. S DEPRESSION IN WORLD MARKET M AFFECTS COPPER Continued from r m page pao 1 search in copper and brass and other nonferrous metals and nod their alloys in 1925 Ho IIo is a a. pioneer In the brass industry and credited with having done clono more than any other man to place the tIle Industry on Its present scientific basis I Senator Reed need Smoot will b be principal speaker at tho the dinner Monday night Other speakers will vIii be bo W. W Mont Ferry vice vico president and managing director of th the Silver King Coalition Mines company compan and I L. L D. D Anderson local consulting en en- gincer Presiding will wiil be bo Robert Wallace chairman of ot tho the Utah sec see see- tion of of- the Institute Mr Bassett who is accompanied on his tour by his wife wile started from New York and stopped in Chicago to attend a a. meeting of ot the theiron iron and steel division of ot the tute He Ho then visited institute members In Denver and will go from Crom Salt Lake to Reno San FrancIsco Francisco Francisco Fran Fran- cisco Los Angeles and thence to Arizona fields He will attend a regional meeting of ot the Institute at El EI Paso October October- 12 to 16 after atter which he will wUl return to his duties as metallurgical manager of ot the American Brass comp company ny Now New Bedford Mass