Show - 1i- : ' - - : ' ' - er 6 ' - - v 46 - - Sunday Morning - Metals Losse' Ground in 4 1) 014:-0419-Pi$ttic- 01w omomitPe 0t'WMPIRMt44t4rrrtrstt444!54"01t444100:4441 m404 ts - Yer of War S & 1 t conlo 4 Gets I ep 011 St ates 10iplono Concentrator (hider Way - Rush to BUY— Copper Sets Record Soaring Saks' - : 11' - Option on Copper Canyon - -- p rites 9'L t PoOlif4ilq4g1114yflpvive te111tr VA L M ' September 22 1910 Salt gakt Zributte 31:be Expanding c t f' - 6 C ::::':! i - 'f0' 4 711t :::: : !:i s' i t ' Stockholders of the ' It ‘ 4044"''':: ' t 7 yon Mining company largely of ' l' t 1 m":'-Los Angeles and New York have ± '" ' i approved an 'agreem t granting 4787' '''rteisZ'saslt14:sr'""1e S ' fsit sh v -- ' '' ':?: '''' an option to the International !' 4""7' t -Smelting and Refining company to i ' purchase at 25 cents a share twoc t ssodomst '' ' s' million shares of the company's 106 1'''''': :' fs: ' NEW-YORi' (i-rK cent par value stock thus giving Sept 21 (A— A 0 new rush of buying of refined "t i the International company control Special to The Tribune NEW YORK !Sept 20—In conof Copper Canyon's properties 15 copper this week has swelled Ales ! 1(: totals thus far n September to trast with the rapidly rising prices miles south of Battle Mountain in ' 1 ' lit s' ''' highest- - on record—for—anx Lander county Nevada it of a year ago in anticipation of I the i month complete war orders actual munition buMSaturday 1 i 'K i :It Sales through Thursday last day' r mess on a large scale now finds The i' 1r r for which figures were available most metals relatively stable at t 1 Refining 1 I o I totaled 170361 tons with addi1 i It r Anaconda reduced prices but if domestic --- 0 te 7 t 1 ' It tional heavy but untabulated 1 es web 'h continues to expandl tion plans to explore and develop 'k cdnsumption u :sser L 1 i -1 ' '''''''"11 4° sales e6sste Prei and ''''''''074 4 ll 4 t ore- bodies sink a new shaft drive Friday 40 Saturday at the recent rate higher prices a new tunnel construct mill and —are probable for copper-leaand A vious record was 183877 tons set i:k:tr?i''''L4'-:-' - ':::'::---- : :? $1N'''-7-4 In September last year other surface buildings and in zinc Fitch investors levies reyiss' 0- :: ' 'L014“ ' I T l'''A ' Demand for copper reached such other ways extensively develop the :ss'i i ported --Saturday in a survey of 0 proportions near the week end sometals during the first year of produc:t szss property for large-scal- e e r II ' that major sellers were forced to tion World war II T ' " 7 !!' y ' 4 4 ration supplies Most Inquiry was i ' - ' t -4 1i t 1 test work will be i i!' i Metals led a checkerboard career Preliminary i A v ' 4 for I prompt shipment Many pros I si conducted from the Butte (Mont) i': In the first year of the war It i tt :: ' - 4 t' IK A' 1 G pective buyers were turned away office of the Internatjonal Smelt- - oso kr I I 'e was stated 4 ' I with their orders Incomplete '' v but when the '''ittt4 's a p I ing and Refining "Copper generally considered — ' 4 's tasic reason for the wave of work is completed the re1( the bellwether in this-fie- ld preliminary st was dealers the buying explained will probably property's operation cently sold ata top price of 1150 I desire of consumers to stock up as be supervised from the Salt Lake cents a pound on record-settin- g a protection against anticipated office of the company sees whereas a year ago it was i heavy defense orders In the near The Copper Canyon company has 12 cents and continued one-hafuture cent further before the movement t' Al ' shipped gold and copper ore from 17""7'"'1 ':'141 several the claims for extensive N 1 ' had run its course" it was re' s'' y T'4 I Huge 'Amounts Move I 44 I years and js said to have blocked a e ' rported At the umetime huge amounts f out $6000000 in golc”" silver and of the red metal moved into conLead Goes Down reserves above the 300foot copper I sumption channels British orders "Lead is now selling at 475 level The Anaconda compaliy ini for brass products principally for cents St Louis compared with Perched on the side of a mountain near Mary !wale' is the camp of Rainbo Gold Mines cor- - tends to below this ammunition accelerated and di535 a year ago while tin around I level for new development f rect orders from the U S govern-crease- d poration —engaged in deep exploration and development in the old Ohio mining district 50 cents a pound is 16 cents cheapA for shells er than at the middle of last Sep' 10'''' Orders now on the books of '$ — 0 tember Both of these metals are brass mills were sufficient to as: ''' ' 4' much nearer their lowest prices of 71 6 s 11 '0 '4 zt4:" ' ' — '' sure virtual capacity operating 1939 than their highest 44416140 VIkii‘ttrNi4efeii:Me4r4tiv144:pit4oVkitA0f0VSWIVO34PMOt A 1064410e schedules for at least - several "Aluminum was reduced to 18 months eentt a pound a few months ago WestThe 645000 manganese beneficiation Pant (at top) of The wave of buying of refined the cheapest in rmany years from ern Alloys Inc Salt Lake City is nearing completion south copper raised the usual rumors of 20 cents a year ago Antimony in and Developing prospecting Impending price advances but all of ValmY Nev About five miles from the plant a and quicksilver both of minor imthe Apex Standard mine south of (Editor's note: This is No 179 in a series of articles on face of manganese ore (lower photo) has been prepared major sellers continued to 'quote No 1 shaft on the portance are among the few metlevel cents a in effect since als that are higher than in Sep'the mining industry and those who run it) for power shovel operations one of two such deposits being September 5 pound MARYSVALE—The Ohio mining has progressed about 60 feet aci tember 1939 to Cecil Fitch of Eureka f In the volatile resale market opened to supply the mill district in Piute county area of cording and "Zinc is the one major metal By the Shift Boss general manager of president however dealers were believed in to confused fundamentals seem as substantial tyilperal production Political column writers the Chief Consolidated currently selling at higher prices Mining 8 cents a willing to pay 11 'than a year ago the rise being when exowns is which scene of new the the 'conApex years company past discussing the current tin situation particularly in pound for prompt shipment copfrom 625 cents a pound East St Standard and development at per and quoted a selling price of Louis for prime western to 685 nection with the reason there is no extensive tin smelting in ploration One crew is working The com11 cents depth which may inaugurate a In the first year of World war I this countrY and and 400 feet pany plans to drift the matter of the secondary supply of tin new The export market aside from a of zinc was by far the strongest of productive mining then sink a winze in an effort to period flurry of interest from Japanese the major metals though all of the its scope and cost for the district locate gold ore buyers stayed in the doldrums at the industries secondary ( portant To begin with the main reason others at the end of the first year The Rainbo Gold Mines corporaThe present work is about a mile a more or less nominal price of also were rising rapidly in con- we have had no real tin smelting tin industry which in good years tion has installed new equipment south of former development work Construction of a concentrating plant and development of 990 cents a pound in this country is because during recovers some 30000 tons of tin to expand its operations in the in the Apex trast with the current trend which Standard " the first World war the cost of valued at about $38000000 com- development at depth of the north amounted to 3000 feet of drifting an ore supply are progressing rapidly at Western Alloys Inc Zino Market Tight Consumption Rises our with ' consumpaverage pared United States in the of 2 structure No flank the Deer Trail north of shaft south of Va lmy Nev with production scheduled to The zinc market was affected by "These mixed trends are reflec- tin smelting tion of 75000 tons of tin so much more expensive— The present work which has properties in the Ohio district The portal the same tight supply situation as tions of similar differences in sup- proved 1 J E Featherstone vice president and general October start by to greatly higher Used in Tin Plate of its tunnel lies five miles nearly been in progress for about two due copper Despite large sales over ply situations Domestic consump- wage definitely scales—than the English and --months is the first activity in the manager said Saturday at company offices in the Felt building the last few weeks it wu known of tin In due west of Marysvale consumption -1 tion has gone uphill in practically Important The face of the tunnel has been mine for approximately one year German costs that in peacetime the United States is in tin plate several important users were still of Two all of these materials but the It hundred and ions fifty sta- The mine constitutes the southeast advanced past the 3800-fowas impossible to compete and solder babbit bronze shy of all their needs The price collapsible ore have been mined already in company plans to Install a flota- was circumstances under which they :firm at 685 cents a pound smelting had to be Aban- tubes and tinning with tin plate tion which point is more than portion of the Chief Consolidated's to tion fine one to it face cometo market have been altered domestic haqdle sintering plant opening 1600 feet below the surface Its property in the Tinti s The additional cost has not Louhr doned East St lie cusfoin'Orei of the district foe 'power shbvef Operatic:1-nIn a sweeping fashion by the foraccounting for more than half and main In 1938 the Apex Standard proDemand for lead was satisfacto be justified even solder objectIVot Islhe afea d will be toward bur hnnual about Initial said tunes of warMany mines outside been deemed production Belt shaft al about duced 1563 tons of ore containing ' the United States being cut Off upon the basis of national defense consumption a government contract the tory The quotation was unchanged Great savings can the Copper The benefici filling $45000 manganese indicates that a be made and are station 6000 where the timnel will 144 ounces of gold 23841 ounces now nearing comple- - company holds to deliver 2500'tons at 400Q495 cent& being made in ation from their regular markets In and experience Steel masters talked of operasmelting industry would the tin plate consumption and new- be about 2600 feet under the cbi- of silver and 15205 pounds of cop- tion 12plant peacetime miles south of Valmy in of mangenese ore with a specified' tions Unitare barred from the Europe at 100 per cent of capacity the domestic cost too ly developed per with an average net value per Humboldt stock-hav- e to materials are lar of the shaft content will the Nevada ed States only iby the tariff wall increase government I bearing county ton of $848 The ore assayed 092 for the industry as a whole Buymuch usualto save much the under 300 tin at a of of ore Producer tons Big in Ogden some instances they have and beginning strategic pile Early capacity ounces gold and 15250 ounces siling for defense requirements was ly used in babbit Solder is not Not Solution The Copper Belt VIM noted for ver per ton every 16 hours when operations be- - minerals act been able to hurdle this barrier 20 at are such About men the augmented by heavy "normal" de an easy problem working It s high gold and silver values "This is particularly true in the gin Later it is planned to double The Patino scheme to build a mend k With friendly nations and our- during its active period about this capacity by the addition of properties ease of lead in which war has aug- large tin smelter in the United The Western Alloys plant will be another crusher capable of han- mented demand only slightly Zinc States would fall far short of solv- selves in control of the seas—ap- 1880 when work was suspended the newest domestic manganese dling 20 tons an hour also is trying to enter here in in- ing our problem the sea lanes parently more likely to Continue In the shaft at a depth of about 'The deposits Which will supply producer and will play a part in creased quantity but demand for were blocked or shipping were In the light of recent events—our 400 feet due to excessive water ore for the mill are located about the nation's efforts to acquire a The country rock in the tunnel this metal has been pushed up made difficult Granting that Boli- tin problem seems far less serious five miles south of the mill and sufficient supply of the strategic writers make it appear is andesite according to Harvey our an- than-somsubstantially by war economy so via could furnish one-hametal to be indeare in Lander county There are In the finalanalysis the respon- D Heist consulting mining engithat the foreign price is not such nual consumption by shipping us two deposits about 150 feet apart pendent of foreign developments — UPI a limiting factor on domestic value the metal smelted In Argentina or sibility for the tin situation rests neer with the company and the 21 YORK NEW Sept MILFORD—The Beaver Cold The of the veins are roughly and company plans to work them Most of the United States' as in lead of lead on hand August 31 Stocks the raw material we would still upon the shoulders of the agencies course develhas company Copper A portable ments for the metal are supplied declined to 43321 tons from 47- The course of the "Domestic consumption of met- depend upon raw tin ore and con- of government who refused to heed north-sout- h oped a good body of ore- - on the foot has been mounted at present by foreign producers 360 a month earlier the American als: boosted partly by large ex- ceQtrates from the Malay states the warnings and reccimmendtions tunnel is nearly west level of its mine In the on compressor a truck to permit drilling at The Valmy deposits being devel- bureau of metal statistics reported In the Rainbo tunnel the first Beaver Lake district port demand for products now is the Dutch East Indies for most of Dr John W Finch then director to one face one die-taccording were Western Alloys day and at the other oped by expanding to such heavy tonnages the balance in the form of un- of the United States bureau of vein was cut at 2525 feet and to A J McMullen general manager Saturday next day The 'compressor is covered last spring and that large imports apparently will smelted material and the bulk in- mines first publicly made in April the present' eight other veins have "We have 10 tons Production during the month on tine ore of ment and exploration work fol6a to a drive by be necessary As prospects point volved wouldtreate a serious ship- 1938 to make immediate stock- been cut Mr Heist reported The the 550 level mined and up to 47614 tons from 44- to 0-h stepped ready p Diesel The power skive' lowed to a continuation of this situation ping problem and the chances are pile purchases of tin and other vein at 2710 feet is being devel- be sent to the surface but this 596 for a number of months at least that obtaining the smelted metal strategic metals It was more than oped and ore is being extracted at cannot be done until a third man also will alternate Domestic stipments totaled 51- Last week elevators conveyors It is probable that prices of the would be no more difficult if as two years later that orders were the present time The vein is quartz is added to the present crew" he 643 against 52560 in July Is Lead Firm Buyer 150-to-n catwo bins of each and 4 three major metals copper lead difficult at obtaining the raw ma- placed for one year's supply of vir- and the ore a sulphide with values stated WINNEMUCCA Nev (111—With In gold silver copper lead and pacity were installed in the mill gin tin and zinc wia rise above current terial below the A work "Development of churn drill-th- Mercury Output Steady be will shovel the zinc he said delivered completion power values 'level 550 was continued until we Recently a political columnist MINA Nev (A)—Reports from week The shovel and other sampling operations the National "The results of development were "Domestic shipments of copper staked that "the defense commissure of the point to where acMina Mercury indicate that Will the Los of be Lead installed work Angeles to company the Justified mining equipment In August were nearly half again sion does not propose to ask everycorporation we could continue the drift to the install larger equipment and the ore at a cost of $209000 quired the Pettitt and Sanders the mine Is maintaining its pro as large as the average of recent one to save old tin cans because on the 600 level comAfter The treating plant will employ barium deposit 30 miles northeast duction of quicksilver at the rate recent installations include two months At more than 96000 tons such a recapture (of tin) would we work a that continued of from five to six flasks daily Diesel engines one of 170h p and pleting the quantity surprised the trade be extremely expensive" Such a that had been started on the gravity concentration Later the of here I the other 34 h p: air compressor drift and represented one of the highest statement ignores one of our im 500 level and in that drift we have 550 mincubic feet 11111111111111101111111111111111 developing 'i 1929 per Comattained since ' points developed what appears to be a ventiLangson Brothers leasing in the ute a blower with 0 fine body of ore We have proven parison with a year ago is not In relation to the steady 1250-ceto the face lating pipe r present 1 available due to suspension of level of 1939 Current the ore in the east drift 13 feet upper workings of the Wasatch new three-inc- h indiprice to auxline air the monthly statistics at that time cations are at the 1150 Gold Mines Inc property in Big iliary receiver at station 2050 elec- in the north drift 16 feet and the ore Is going down strong i but in seven months the increase level but duestrong to presCottonwood canyon have struck tric generator and switchboard for political over a year ago was 37 per cent "We shipped the ore which had sure against commodity prices it some good the lighting of the mine and camp been mined grade shipping ore as- one and for eight months probably was is difficult to tell whether this to June 21 and prior n fuel supply tank after greater" September shipments are market will work higher smelting- charges had been saying about $35 a ton gross and one n fuel storage deducted the ore returned $2526 expected to exceed those of Au"The great bulk of metal deliv- Charles S Woodward president tank" he stated ' gust and to hold well through the n car $1263 per ton or for a in the last half of 1939 was and general manager of the comered e This is latter part of the year In the sold at 10 to 11 cents and little pany Beneficial Life building said New Buildings ore and conV last five months of 1939 average at the higher levels whereas re- Saturday "Two galvanized iron buildings sider the ore now being mined to monthly domestic shipments were cently sales have been mostly Work was started with a bull- were constructed to house the mac- be as good or better than the ore meet' 91000 tons While the latter shipped" one new three-rooroad hinery-end around 11 From now on practi- dozer Saturday on a The directors have levied an assum apparently exceeded actual all sales will be for 1941 leading to the Langson lease to house added to the camp which cally mill and foundry consumption by Ore sessment of ti cent a share delinby truck The now comprises eight houses permit shipment delivery about 14000 tons it is probable bins will be under construction quent October 16 and for sale No "Shipments of domestic zinc In road is icheduled to be completed next week that the first line of consumption August The road leading from vemebr 14 to add a man to the were 30 per cent greater In about three days About 70 tons and increase production now is running heavier than a than a year ago making the gain have been mined and are ready the mine to Marysvale has been mine crew year ago in fact near the highest for eight months 26 per cent In for shipping Mr Woodward said improved in alignment and grade level ever attained "The Marysvale area has prois considering If You have a friend-wh- o view of recent persistent buying with some 3000 or 4000 tons blocked duced several million dollars worth Elton Tunnel Goes "Exports'or domestio'copper on including early shipments at out ready for mining well the other hand have almost van- as several months ahead it is This lease is about 1500 feet of ore during its mining period' Past probFeet ished in contrast with the excepbuying a Diesel Tractor or Power Plant able that September tonnage will west of the George L Price lease with gold predominating All of tional movement of a year ago exceed the 64000 tons of August which is shipping allbut 50 tons a this ore has ' been mined from The Elton drainage and trans: "It seems probable that the de- and shallow exceed the 69000 tons of week Mr Woodward said The comparatively depths This was the incentive which led portation tunnel extending from mand and supply situation in cop- last may you will do him a favor by has last three Price shipments (i't production September the Rairibo Gold Mines corporation Tooele valley toward upper Bing27 35 and 32 bunces gold per will get still tighter In the near been averaging a little over 50- 18084 at Saturfeet ham stood to resort to consumers but future unless deep mining in the 000 tons a month and even thOugh 2875 324 and 302 ounces silver I day During September to date belief that sbould attempt considerable inven- It should be recommending : "Caterpillar" up several 3 45 and 565 per cent lead he continue tocommercial values will the tunnel has been advanced 641 stepped the deep" tory' stocking it does not appear thousand tons stocks probably stated a y Patrick T Henry of Marysvale feet and during the past 30 days that an actual shortage for domes- would continue to shrink though These lessen are Working along 1042 feet was made Before the Is 0 tic topper should come to hand for president of the company 9 month's end crews will start on the they were le s than three weeks' the vein at an sltitude of nearly : many months — and when that Ict in August A modest export 11000 feet The company is drivlast mile The tunnel will be 24- time does arrive plentiful supplies supply business has sprung up this year ing a 3000400t tunnel at an ele300 feet long when completed Is Sought of foreign copper tire in sight - It In addition to the strong demand vation of 8400 feet to hit the same Exemption The present water flow is 3780 i is vein rec Advances 1620 now The tunnel in '01 in Soldier-Miner- s brass munitions and for zinc mirlute somewhat lower a gallons For than previously "rice on domestic delivery In an excellent domestic consumption felt with Work continuing t t: ri a'n41i TRACTOR the third quarter this year prob- In regular lines Effective smeltGLOBE ' Ariz — The Arizona ably will average a little above 11 ing capacity is taxed but some Dividend Set EQUIPMENT cent Compared with 1088 a year increse Is being made by rehabilihas adopted a resolution urging Iron Pit Busy SALT-LAINev RENO old sales UPI—Directors and while of of total — Approxideliveries tation to law exempting a ago R plants congress SUN pass ISE Wyo 1 will be very close to the high level Domestic shipments of lead in the Consolidated Copper Mines mining claim holders from doing mately 3000 tons of iron ore are of a year ago In the final quarter sevent months rose 16 per cent Corporation have hnnounced a clis- - annual assessment work as long as being shipped daily from the big 6 o Tractors Read Machinery Distributor of "Caterpillar" Diesel Engines ' ' of 15 cents a share pay- they are in the country's' service pit here to the Colorado Fuel and " comparison also is and stocks Ste the lowest in 10 t telixeptettoendnatge 13 td stockholders eitber by conscription or by volunbe very close but it years but the weak foreign situa- - 'tribution Iron furnaces at Pueblo Colo Opis yet impossible to forecast prices tion holds the price down" October 1 erations are being Increased 533!EiZ jeering 4 ' Copper Can- Zinc Only Major Metal Making Gain in:Period A : 4- 's' 4! ' ‘ ' 4 -' Start Rumors of Price Advance 4 :' -- 407 ''' '' ‘ 1 -----: Ligitlf3 xtint4u)''' 'it 'Copper 1 1 d 1 4 4tt ' '! ( ( ! 41 - —- 11 ' 1 s 4 r s : -- ''t I 2 ' qZ: 4' : iv L1 sstss I lf I L s ' ' - -- !Air sink-se-sha- r 1 4 Rambo Gold Seeks Ore At New Depth U S Tin Smelting Industry Too Costly in Peacetime I t Apex Standard Drives Drift 4- ' : :1 - 60-fo- ot 900-fo- ot 5-- - S L ç Firm to Begin Output Of Manganese by Oct 1 ' - -- one-thri- Beaver Mine Ore Found I e 1 lf Lead Output Up Stocks Drop steel-hardeni- require-alternate- ly 230-eub- ic 550-fo- ot he develop-connect- V-b- is Wasatch Gold Ore Shipped 12-in- nt Your Friend Do 1000-gallo- 5000-gallo- 50-to- high-grad- A m Favor! ' 18000 ' as-W- 40"4 " association - n AR311:111E0 0 - Ca' CITY' i Track-Typ- -- - 0 - Imo I - I F is ' i aA tr s' 01 ' 4 I " I I r ' ' ' '— ' ' - 1661"1114114h14141101dabrn4b416144111LolLIMAILAI406aNt-pak11411"kl- itacoa414 itv4-- I - AA A v - - - |