OCR Text |
Show NEW PRODUCERS OF COPPER METAL ARE ENTERING f 1ARKET While tha copper surplus has barn a much mooted question for a period of several years, tha fact that ' tha time haa arrived for soma new producers of tha red metal to maks their entry Is beginning be-ginning to dawn upon metal 'merchants tha world over. Several of tha larger producers that hava been scheduled to make their appearanca la tha market with tha rod metal have reached the stags whero they can produce on a seals that will require soma attention. Possibly Pos-sibly the most notable of theas Is Ihe Alaskan n4s. from which an average of 2.(HX),0g pounds of copper monthly is actually being produced. Tke Ouggen helm Intsresgi have alreadv started up I (ho Tacoma smelter to handle tha product prod-uct coming from t heir pro pert les, and : within a yaar tho mines of that northwestern north-western section will be reckoned among the big rod metal producers of ins world. i At tha Ray Consolidated four sections of the new nil 1 1 plant are operating, and before the close of tho month this plant will bo treating an average of 4A00 tons of ore dally. This will place the mill operating at one-half Its full capacity, and within a short time Its concentrates will he smelted and senr to the eastern-rennerteV eastern-rennerteV with the result thst tms riroperty will ha producing several mil-1 Ion pounds of copper each month. Miami Is also treating several thousand tons -of porphyry ores dsllv. and Its refined metal wIlL soon be plsced on the market-Within market-Within about two weeks the first section sec-tion of the Chi no Copper company mill, at-Hurle-. N. M.. will be started up. Some Mine In Kovemher, or not later than December, the refined product from this property will heplacsd on the market. mar-ket. By the middle of next vear Chi no should be placing tm the market several ml) Hon pou nrt s of copper each mon t h. Tha development work at this mine has reached, one of the moat Interesting tagea. In tha section southwest of the Hearst claim soma fine ore bodies are being developed, though not enough drilling has been done .to determine the extent of the deposits. It Is expected that this section of the company ostats will show from T.Mo.OOO to I doo.000 tons. With the new properties now reaching tha producing stare, it Is pstlmatsd that mora than 10. 000,000 pounds of copper ore will be added to tha world's supply oach month within another year. This would easily be lost sight of If. business conditions con-ditions were good but at this time this additional supply to ths present output would materially 4ltsct ths copper mar- |