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Show RAY COIL SHELTER -WILL BE OPERATED BY M TOM IS Vary little headway has been, mad oa ' smelter eoastructioa at tha Bay Consolidated properties, and it has bees understood that tha management is simply sim-ply awaiting- tha completion of tha mill plant.. While tha concentrator ia now running at almost SO per cent of its capacity, tha tonnage was too small to justify operating one or two furaaee. and it waa aaid to ba the intention of tha company to wait antil the Bill had piled np a large tonnage of concentrates concen-trates before the smelter would be completed com-pleted and blown in. A dispatch from Phoaatx. Arts., it to tha effect that tha American Smelting and Redoing company is tortaka over the partially completed Ray amelter. situated at Harden. This deal will not be eloaed for s eoupl of weeka. but formal transfer is to ba announced later on. and then the Gtiggenheime will notify Arisen mins owners that they propose to nperat custom smelting plant. This will eliminate tha responsibility responsi-bility of tha Bay having to conduct a smelter on its own account, which gives General Manager Jackling and his forces the mining; and concentration of ores, aa they are doing at tha Utah Nothing official ess ba obtained Kara, in tha absence of Manager Jackling, who is now at tha Chino properties m Ariaona. However, it ia known that the Ouggenhelms do not want any opposition op-position in ths smelting business and that thev are anzioua to get tha Ray plant. It has been stated unofficially that repeated overtures have been made to tha Ray company by the Guggen-I he'.ma fnt thia amelter and that they have offered to smelt ths Ray orss at a very low price. They were willing to par back all tha money tha Ray had invested in its construction and equipment equip-ment to data. Including tha ground, water rights and whatever expenditures tha Ray had made ia preparation for smelter construction. Other smelting concerns would have been anxious to get this proposition from tha Ray ennj tanv. ba it seems that tha Guggen-eirna Guggen-eirna have been after tha smelting plant for sometime, and they are said In have ennken first |