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Show MAN STILL 'ILL" IN HIS DECLARATIONS ON COPPER FUTURE . i Reasserting hit opinion that the increase in-crease in copper production in the next few years will be absorbed naturally by the increase in the world 's consumption consump-tion of the metal, John D. Ryan, presi dent of the Amalgamated Copper company, com-pany, saya that the copper metal situation sit-uation it even better at the present time than it was when he made such optimistic predictions regarding the red metal in his annual report to Amalgamated shareholders two weeks ago. Mr. Rvan still believes that copper is telling for too low a price, and that the producer is entitled to a larger margin of profit for his product than ha now secures. This ia one of the characteristic character-istic arguments used in all mining, for, aa pointed out by Mr. Ryan, the investment in-vestment eventually must be written off, each dollar's worth of metal produced pro-duced meana that the mine ia worth just that much leas. Mr. Rvan is one ef the most striking optimitlt nn the situation, for toeing the head of the greateat copper producing organization of the world, he ia closely 1 in "touch with all the complicated detail! de-tail! that enter into the industry. His belief that copper ia too low is taken aa tantamount to the opinion that it will reach soon to better rangea. ' No immediate effort will be made to increase the copper amelting rapacity at the International Smelting and Reining Re-ining plant in Tooele, said Mr. Rvan. The company now has four reverbera-torv reverbera-torv furnace of the Ave in operation, and none of the four ia operated to capacity. ca-pacity. That very satisfactory progress prog-ress is being msde with the installation of the lead furnaces is vouched for by Mr. Rvan. and he believe that there is a sufficient lead ore tonnage in thia western country for all the amelting companies. His theory regarding lead smelting it that ratea ahould be low enough to encourage en-courage the production of lead oree. Bv treating larger tonnages, even at a lesa profit to the smelters, the ultimate results will be approximately the tame to the smelters, while the encouragement encourage-ment to the producer it for the good of the whole country. Thia it Mr. Rvan 'a third visit to Utah ainre the organisation of the International In-ternational Smelting and Refining company, com-pany, and he expressed gratification over the present shape) of thit company com-pany 'a affaire. Mr. Rvan wat accompanied accom-panied bv Mra. Rvan, reaching thit city Monday from New York. They left thit morning for a visit to the Butte district. |