| Show GARfIELD GARO SMELTER fER HANDLING REGULAR TONNAGE OF ORES OliS While the strike of or miners Inte Interrupted prod production ct n from that camp for m more r than a 0 month it has in no IO way hampered operations at nt the tho Garfield smelting plant From an official source It la is learned that thal there thero was an Rl accumulation tion ton of or ores at t this ls smelter er sufficient to keep It running at t capacity for tor about sl six months For some somo timo after the tho strike had had been declared Utah Uth Copper and Ohio Copper Copper delivered concentrates from Crom their mills so 80 that tha the thia supply was vas not entirely cut off or for only a a portion of or the time that the mines Were ere closed down In Iii 11 this connection It I appears ars that eastern east cast em ern traders trader have o an an Idea Ide that tho the output output of the tho American smelters here have been curtailed while on the contrary it I Is learned that that both tho tue Murray Muray and Garfeld Garfield Gar- Gar I field feld plants Bro are commercializing a n larger larer tonnage than tho they did early In tho the year yer In fact tact the Garfeld smelter has been doing the largest business In Its Is existence for several months and It I will wU be bo able ablo to Increase se Its JU operations again agin during the early part of oC next year ear It I Is Is tho the second largest copper smelting plant In the tho world worl and will wJ eventual eventually crowd the Anaconda Anaconda Ana Ana- conda conda plant for Cor tho the first rank I I can see no reason for or alarm real realor fal falor or pretended pret over what certain Interests find convenient to call cal the decline In In Smelters says a director tor of ot American Smelting and Refining company There Thare Is ii nothing In the compan company's affairs to warrant pessimism In In- tat fact everything IB Is the other wa way Earnings are aro very satisfactory saris satis factory and Inc the tho to situation at Its Is various set eel plants especially In Mf is more tied ted than in man many months past pat Smelt Smelters rs has sold cold oft off or from Crom the tho high of 91 reached September 26 but It I has not not b by any am means been alone 0 in this Smelters Smelter common cornmon com corn mon was wa rather too high then then than too low now I Compared Comparo with Jh any of the standard In Industrials In- In InI I Smelters common at say pay 70 79 1 makes a n. n good showing Amalgamated at 84 So makes a yield of or 71 1 per por cent on its Is I I 6 Ij per pel cent dividend Steel common comon at 74 H. i returns 67 61 per cent on Its Il 5 l per cr cent dividend divi d rate and American Agricultural A Chemical common at nt 56 fiG 16 yields 7 per cent ent centon centon enton on Its Is 4 t per cent dividend rate rale Smelters common at ft 7 70 returns but 5 per cent on onItH Its ItH 4 per c cent nt dividend rate so o it would appear that tho the issue e Is selling relatively higher r. r figuring on the yield than either the Issues of ot other three mentioned |
