Show EASTERNERS ARE IN ARIZONA SMELTING Control Is Taken Over by b ban an Alleged Lawson Syndicate MAY HELP UTAH NEVADA Plant to Be Used to Treat Ores Oies From Company's Pioche Mines A A. Boston und and Now Nev York s syndicate lias secured control of the properties und iid smelting smelLing plant of ot tile the Consolidated Arizona Smelting company of or Ariz While no mention Is made of ot the name of or Thomas W W. Lawson In the tho transfer It Is known absolutely that lie lu willS was one of ot the big participants of the syndicate his en end of or the transactIon tion being represented ted by A. A C. C Bur Bur- rR rage e of ot Boston The deal as a agreed to by the thc ranous various ran vari arlous ous principals calls for tor an Immediate payment of ot b by the purchasers purchaser subsequent payments to bo be O made malle from time to time until will have been paid over o for tor control In addition shares sharell of or tho the company's compans l. l 1700 OO- OO shares of or capital stock will h. h hr be tiC ii up for over a yar ar The Tho syndicate has undertaken In ad ad- to Its payments for the stock control to place a ore purchasing ing fund at nt the disposal of or the company com corn puny pany as as' as lack hack of capital has heretofore hindered Its operations The Tho Consolidated Arizona company has been in the hands of the receiver for tor ov over r a month and It is presumed that the first stops steps of the Interests will be toward compromising the claims outstanding against the company and if it these can be e s settled on an equitable I basis an Immediate resumption will be forthcoming forthcoming- The plant Is believed belleve to have been secured In or order Cl to give the Utah Nevada compa company 1 an nn outlet for tor Its Us copper sulphide ores Arid taid Lend leI Tho The s1 smelter of the Consolidated Arl- Arl MOna stona Smelting company Is equipped with two furnaces of ot a dally daily capacity of or tons each cacti and one blast furnace o of tons a day capacity capaci- capaci ty making In au all aU tons lons a day U Tl The company has likewise a n lead stack stac which was never delivered dell at It the property property prop prop- crt erty but which could coul b be of service fur for the tho tI treatment of or tho the Utah Nevada company's com corn pany's s silver lead ores at Pioche Nev ev The Consolidated company compau also owns a large arge and well developed copper coppel mine near Prescott whose past tonnage to together together to- to geth gether r with custom ores furnished tn h basi of ot Its Us smelting smelting- operations The plant up to last December had been I In op about 12 months having I produced pounds of or copper In III I that tune time Its net profits were given Ihen I at a n month The lump In Sn n COper cop CO- copper cop I I per Ja last t year Ug t the company heavily I iJ ily with copper r oro ore which it Jt Jl u h from the thc mines i 1 u. u tSaM ot of from 25 23 to 22 cents a a. pound When the time came to sell I this product the market had declined to I 16 cents with th the result that thal a 0 1 surplus accumulated during the year ear I Iwa waft waa wa wiped out When copper dropped I Ito to 12 1 cents the mines stopped shipping nn and the tho smelter smeller shut down oWn A receiver I Iwas was I appointed later tater In compliance with witha a petition from the th creditors |