Show 1 I 1 JB J. J B. B RISQUE TAKES TAKES TAKES- c 1 HELM HEM OF UTAH CON r R. R H. H Channing's Successor c I Arrives From East ast to toI I- I t t Assume Duties I COMPANY'S FINE CONDITION I I 1 t a I of jr llo fl Into Ino Distinct inn Ail 1 e E to 10 I IIno Big nig Concern H F J. J B. B l. l who in I Is to lo s succeed ll R. R II H. Channing as ns g general mann manager r of or c. c th the Utah Consolidated d arrived NI from from rom I the East Thursday night and was was was' yesterday yes yes- t rd bully en engaged n d with Mr h Chann Channing Chan Chan- n fling ning In lii going goin o over or r the affairs of of the I t hl big Imig company Mr nl U latest i J I wOI work Wl was vas with Ith the tho Calumet Hecla where hei e ho lie hat hall had charge of fr the tho underground under ground round workings Mr MI Chumming Channing expects ex cx- lX- lX to leave o le by time tho tJ 11 first l of oC February nr ary to assume his new duties n ns os president prEs- prEs pres pres- ident Ilent an and g general manager el of oC th the tho Coy Coy- 10 ro de tle Pas Paco co mining and anc railroad com corn panIcs in South America Mr h Channing turns over o the J properties prop rop- L erUes of oC tho Utah Consolidated company com corn r pany in excellent form a as to ph physical F t condition and earning capacity and there thore Is no doubt that Mr Risque will wi r make a good record In cur carrying jn out o A time the plans that tuH havo hae ha e boon licen leen so wel b gun guri It I Is s a matter maier of oC congratulation thou tion on to the tho that the l r company one ono ICo re recent ye- ye o v cent nt rt development de In Its Hs affairs which I t j t was Wit at lit first regarded as a misfortune t. t the tho forced removal of oC Its Is Highland Boy smelter smelter now now promises to I prove pro a 0 distinct advantage With fh the favorable favor favor- 1 able site Efe for or f Its plant secured in count county It I will wi be he able abl at nt a comparatively ely compart small smal outa outlay to considerably consid r er bly reduce the thE cost of oC producing copp copper r. r which to lo this company compaU is al already already al- al ready remarkably small smal j In this connection the Boston DOton News 1 Bureau says 1 The proposed new ton ton sine smelt smelter t ter cr of o the Utah Consolidated company compan will wil bo he erected at nt Tooele four miles mies fromn rom th the Highland Highlan Boy Doy mines It I Is la p planned to connect with the new now smelter mel mel- ter by hy mEan means of a tunnel which will willbe wi be he feet feel in length the entrance I to t which will wi be he two miles from Crom the smelter These two miles mies will wi be bo covered coy cov co ered erod b by a n I gravity tramway fy system tem I p l s Many Inn 4 There will wi be man many advantages at in inthe the above c abo operation the principal one which will wH be he the saving MIng of forty cents per ton In freight charges now paid to tran transport Jort oro ore from flom the Bing- Bing J mines to the smelter The Time pew new smelter smeller should cost CORt loss less than 1 lew Including tho the buildIng build build- 4 Ing of the Ute tunnel and the tramway I J I as us a good hood portion of or the present plant j Will wm bo be e available a In rn th the Iho newIn newIn new r In tho the end th the Iho smelter removal al will wi ihl re result In lii a 50 0 ll per r cent In II g output without the Issue issup of oC any tny new nev securities and tho the reduced costs anti and k Increased output and efficiency I C wi IlL quickly make male up the UH expenditure necessary necessary e essary ry iota for the tho he building o of the n new w plant 1 The Time successful outcome of cit n the smelter mcH r fumo funo troubles h by the tho management man maim mat mat- Ft ag of oC the tho Utah Con Consolidated with tho the evIdent nt fact act that th the tho company company com coin pany will wH ill be he cr very much hotter better off ore Inthe in inthe the end by Ih the move mow Is 1 y re responsible for the recent activity In Jon r Utah Consolidated stock Mock aside from f the fact tact tie tho company Is toda today toty earning at the tho rate rte of oC 13 per er share on It its stock flock and paying 1111 G per share per eI annum |