| Show UNITED STATES SMELTING II Does OH Not Depend on Copper Minos for tie its We w asked a director of the United Stat State Smelting Refining Mining company ear cay the Hasten Boston New News Bur Bureau sail Mil to what extent the earnings earning e of or that company would surfer auger by b reason n of any reduction In the Ib selling mag price pric of copper He lie say sayMany BY sayMany Many Hany Investors have the tie United State Smelting Refining te Mining company with the purely cop properties This Is Ie an error which probably lots Ium 11 been ben re ro reflected lete to a considerable extent In the Ibe price lc of at toe the stock The h reka mine In II Utah Itah produces produce ore carrying In value values about gold ld on thir sliver uliver M Mand aul and copper Today Toy If every vel ounce of copper disappeared fr from the mine It would still 1111 si afford tro a a very ve hand handsome some pout profit to the Ule company compy The Ti Rich mine min In Nevada Neva la ii a mine which carries turl no cop copier copp copper per ier whatever p The Real del Monte olf and ad mines mine mm In Mexico produce pruce ore running In n value about but tt 0 per pr pr cent ulcer silver Uve and aad an 10 30 1 per pr pr cent gold pil The mine min produce no copper The Mammoth mine In California California Is ii I the th only mine of ot the company which properly can n be b designated dented a n a copper property and nd even een thIs Ihl mine carries 1 gold rold Ild and silver allver lve values averaging vel about n per ton which constitutes constitute an im important important pr factor In reducing the cost coat 1 of ore 0 production There Th are also alo al sev my several myral eral ral r other favorable factors factor which en enable enable able ble the tI Mammoth company complY te to t pro pr product due duct du copper at a low fre The nine alas min Is Ia is worked by tunnels tunnel Instead II of shafts ba and H K 1 also ala requires rul no 10 pumping There Th I fa no railway haul hul except a short b sour lour lourney jur cay ney down the th company own tram tramway tra tramway way to Ita I it smelter and a furthermore lb the mine Is I a extremely fortunate In la con controlling t trolling Dulling In the nest near M vicinity an iii ample supply of flux fux The TI latter factor alas alon al I contributes muck much mu to cheapen the tile cost coet of the th copper c For Tor or the t year 1 th the company re received rl rec c an average of 1147 1117 rent per pr pr pound for topper ropper and aiti It Is I estimated that tb when wh the th Mammoth production Is doubled as a It will I be In the li autumn the ti Mammoth company c can sara earn r a ab much b on Hent copper a as It could tul at atthe t the th Ilc received rIYe by It I tot for to copper dur during ing i In 1 1001 M o The he conclusion therefore seems Ima clear a that although atIO the th ordinary cop property may nay apprehend perhaps a substantial Ital reduction ruton In net nit earning pra mh lor to tb tit the year yar beginning newt n January Janul aa u compared with wills and all th ti the Untied hate t IU Banning Wining Mining company O ny may my Incur some 1 leaps Inset I on o of shrinkage In itt value vau of custom Iut ores 0 on oa hand caused aU by b a declining market marki while the content of or the th ore cis n ire are being Iq reduced due r tr re ra refined ran r Sued fined copper yet yI the tIti th lute liMes t n company Company may m ink luok forward ford with wih con eon confidence 1 to t a large t increase In nt earn cars earnings lag ings tn IS 1001 |
