| Show UTAH LEADS IN A GREAT IN INDUSTRY INDUSTRY A nc new epoch In copper minIng ha has been ushered In by a Brigham proper property ty PIta rho Utah Copper b by producing copper In large quantities nt al 8 cents n a pound from a a loss titan than 2 per er cent copper ore body has startled the copper producers I 1 the sudden realization that the tho coppel industry Is subject to a a new which may gover govern the tho selling price of tile the red metal and old properties at such sucha a as to wipe out their margin of oC profit One or of the argo brokerage houses of Now New York has sent sell fl a circular let ler to Its clent clients calling attention to ho performance or of Utah Capper In inJune June Tunc during which month the corn cam campau pan pau produced pounds of cop copper per from rock assaying materially un under dec der 2 POl per cent a a Profit on Oil a market of ii G cents a pound or orn ora n a third of a milon million dollars The brokerage firm In III Is its letor letter says Ten years oars ago aso an anyone who pro that outside of Michigan copper tock be bc handled for materially under 2 a ton would have hao been con a fl fit for a lunac lunacy corn com commission mission Every vcr reduction of 10 cents pOl par ton that Is effected In the cost of handlIng copper rock makes commer Chil available milons millions of tOiS tons th that t could not noL he be at a Many lao deposits have hae been tuned turned I down In tho ho past because the they did not rU u high elough lot Not ni nil of these are C as located al as Utah Cop Copper Copper per and nd sti still fewer cap can enjoy the ox ex of which has mado the above results possible Nes Ne an any deposIt that bet better tet ter 1 per ier cent wl will hereafter r rO CI careful attention and It Is to o lur say that 1111 this feat of Utah Cop CopIC IC has made anything a famine almost Impossible As wo we In a ar those that flint I theIr copper for S or 0 cents a pound I Ican can make n a larger of profit on than an pro ducer cnn on copper anti and wi will accordingly be more willing to let Iel their pr l ct go at al a lo lower er price i Except on the vr ory crest of oC tM the I wave of boor boom tile tho of wl In our estimation 10 be gO gov hereafter by the production Crom rout p minot minos Tak O those nets Into con firt er ton than we 0 would Oven oen strongly what we se have so 50 10 iti In op on that cost of production wi will 1 IQ PIO k pf Af hot it t even eyen In cOipel shares to itay ay tue tho greatest attention to this factor actor As the tho brokerage state the tho value of coppet shares must ho be bused based on entirely no now Tho ho mines of oC Bute Butte for Instance which have hao de dePended on 3 iter Ilor cent cout to 1 per cent ores some al c anti and gold gd goldan an and 10 cents Cor or ouch each of copper extracted must prepare to with I the tue copper yIeld of the massive pOI por dykes impregnated wih with CO COpel col colpet pet pel which are arc giving up tip theIr COller contents at 20 cent less cost cost Utah today Is leading the tho world In cheapness of copper production and thIs achievement is on ore which a decade ago wa was looked upon Ullon as being l more worthless than the limestone I cliffs In Ogden canyon canon II I I |
