Show MINES AND MINING EDITED BY F. F F W. W SPRAGUE n I IT HAS iS CLEARLY ON DEFENSIVE Utah Con Holds Tooele Site a aw as w Club Over Smelter Trust Trust t 4 MAY YET COMPROMISE r J Mining Company Doe Doesn't nt Want Wani to Build Trust Build 1 Trust Dislikes Competition It I IH h not impossible Ia says s 's the Boston Doston Bos- Bos 3 ton News Bureau that some Hom tar tor tory compromise will wi yet ct be reached by which the American Smelting Ito Ro- Io- Io f company will wi continue t to to treat S the tho ores o of ot the Consolidated cornI comI com corn I I pan pany Th The essence of the thc the whole whole- controversy controversy con con- it Il declares l I la Just thIs The f do not want tho the Utah Consolidated to to erect a competing r and this the tie Utah people do Jo not want to build one ono unless compelled to todo do 10 so 50 by prohibitive C smelting charges on tho to part of at the Guggenheims I The total amount Involved In the land transaction to together ether with that made necessary to Insure nuro the tho company company com com- pany pan against any possible damage suits om tb the tho land Jad owners In tho the adjacent I territory will not It Jt IB Is claimed by tho the thoU U Utah h Consolidated wi exceed ed of or I which sum has already been I paid The ThoKO same Int Interests assert that the Utah Consolidated has not been boen committed com corn by President Broughton Droughton to any million milon dollar e expenditure as ba has haa been alleged and before any action acton Involving Jn and ouch euch um cum i li taken the tho uch ant antuch cr cra will have havo ample amplo opportunity to t ratify ratty crt It or to pUL put upon 1 it tho the enl of ot disapproval oval President Broughton that tho the Interest t on the tho con construction cost of ot a now smelling plant together with wih do- do predation will m be a matter matar of ot n t per er annum and In the new contract DC annum he ho expressed his bin hi willing willing- ries to split the figure and and te the thC excess ceS cot coat which the the company i Is 18 now pa paying in the emolt- emolt This of two cents ng trust truet truet excess ot two of per xer pound of ot copper is 18 a matter mater Jer about MoUt when applied to the present production of pounds per cr annum The however how how- over ever would not listen sten to this proposal and Ind Cor so there tere was nothing left JeU to doii do llo t ir ii lr protection of or the tho Interests of oC the tho i Utah Con Consolidated but to exercise thel tho the tholand I l land nd options as the fr t stop Jece necessary sary in tn tho thu erection of a n plant of ot Its Hs own Mad Had the options been allowed to lapse tho the ls company would have c ba placed Itself Rt at the mercy marcy of oC the smelting trust a as asit asit L I it Is IB claimed there are aie no other sm smelter smal- smal l- l ter i sites cites calmed suitably located which could tr Illes havo been secured S S on Tho The Utah Uth Consolidated would now nov app appear ar to have c the to on the defensive They do not relish the Idea j of another competing smelter In their ther Held field feld as Q if I the tho Utah Consolidated finally S determines to erect works of its it own It St would naturally natural build tho the plant large larSe enough to tl take c care of custom ores orel In InS S addition additon lo to it Its own Utah Ut Consolidated ores orca are very ety valuable able to any custom smelter Thc They make t S an In Ideal Idel flux fux in a section of t the country fluxes are always at a premium J are n t 5 and once embarked mb rl ed in tho the custom business bus bus- mess iness It is not nt that that tho the n new w Utah taah plant could such ouch tuch additional in Its Is custom department as to very cry appreciably reduced its Is own not cost COlt As to ore otc reserves the claim of the Utah Consolidated people people and and these are arc the latest figures of General Manager Maria Mana ger Risque himself i l Is that the mine has hasin in 10 sigi algi t today toda five years supply of ot otoro ore oro at i l L e 0 0 present rate of ot production The file silver r values in tho ores oreg are arc being well wel maintained It l Is 11 said but there thero Is Isa Isa Isa a a considerable diminution in tho the gold golt recoveries as welt weir as In the copper content con con- tent tents Tho The gold and anc silver siver values s ha haveS have c calwas S always alwa's been relied upon pon to reduce by two cents and three cents a pound tho the not net cost of the tle tha copper out- out put Thes precious metal recoveries I Ido S do 10 not today cx exceed ced 2 a a. ton of ore d Copper COt Cost If H to te the effect of ot tho lower Uon of the tho ore there is combined the tho additional cost coal of two cents a n. pound incident to t the treatment of Utah Ulah or ors ores orts s nt at the Garfield Garfeld plant It Is found that Utah Uth Consolidated copper today Is lI co costS coating cost coat t- t S lug ing not not- not five Ove cents a pound ay as Bt formerly but nine nino cents a u. a pound or ot almost double tho the figure figure- of or former years cars a figure which gave to tho the company the enviable dl distinction of ot being the thc lowest i cost copper producer ip in the world oril I A nIno tent cost means that on 14 H- cent copper Utah Uth Consolidated with Ith output an-output n of ot pounds pounds' poundS per in- in nun nun-i Tum can cn show profits of or a share shore for the company's 00 shares Persons Penona closely Identified with the tile Utah tab management ar ara quoted as saying that while Rogers and Rockefeller havo hao not today as largo an Interest In the compan company's S stock as 3 they once held they are aro very far from from being out of ot the stock tock nd have an nn ownership standing In t the tho c names Humes amea of ot others which foots loots up into S tho the thousands of ot shares |