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Show RAY NOT YET READY TO OPERATE SHELTER There I now being treated at the Ray Consolldsted mill approximately 1600 tona of ora per day. and by the end of the month capacity of fully 30ft tons should be reeched. Following thla step th fourth unit of th mill will be pieced In commission. Before the company could keep a smelter smelt-er of Its own in continuous operation there must of necessity be available 100 tona of concentrates a day. At the ratio of concentration. 11 to 1, thla would make necessary n dally ore tonnage of 6400 tons. At ths moment therefore It becomes be-comes plain that current shipments would not justify Ray In operating a smelter of Its own aa such operations would .be apaa. modle at beat. The contract which Ray haa with the American Smelting and Refining company for the sals and refining of lie copper In-ciudee In-ciudee ae well -provisions for the treet-ment treet-ment of concentrates at Its El Psso smelter. Neither tonnsge nor time figures fig-ures In the contract, and when th Ray Consolidated mln la shipping to th mill It full quota of ftooo tons or better per dsy th Rav amelter will be ready for operation, and shipment to th Guggenheim Guggen-heim smelter W'H cease. Aa a result, the Ray amelter. although stsrfed in construction, will not blow In until next fall |