Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-07-24

per ores nom Bingham Ntfil
mines carry au average of only io
~ per cent copper and about 50 90 81
in silver and gold. The treatment ot
Eagle a Blue Ben aud other Unite
ores adds heavily to the gold and s.l-
yer contents of its bullion. and probably
fully One-half of the cpmunys gross
income IS from the sale ot precious
metals.
THE Bingham Consolidated comps-
uy's smeltcr .as never been the success
% should. lfWa. mistake at the OUT
ser 20 build blast furnaces exclusively
and this fact received its strongest
demonstration when, after furnace SO
8 had leeu added. the company uudrr-
took 20 treat the concentrates from the
Utah Copper and Ncwh0usc- Cactus
mills. These concentrates were exceed
lugly fine material and. Incidentally
The same Is true OF more than
ihree-QuarteTs OF the tonnage ~
copper sulphiie ores from the
compary's various Bingham mines
The concentra tes cut the capacity N
the furnaces down. increased the pee
cumulstion VI 1ue duN and raised
operating costs Two reyerhorat0ry
furnaces have been huiit since and
these are now used o treat the fine
dust and fine ores which have prcvi-
uusIy been Calcned i1 the companys
roasting plant
Tho news from Tho west that
through the advice NJ r Augustus
Hciuzo. who is apparently now in con-
trol ~ the coWpluv's affairs the d.
rcctors have voted to spend 100000
ON the smelling plant probably means
that two of the blast furnaces VIII be
changed Go lead smelling stacks. and
that more reverbcraiory furnaces and
more roastcrs win be- added by
screening Bingham ores and treating
thc fines On r.yerbcratorieR and the
coarse ore iu blast furnaces. consider
able economy could Doe effected
There D. little probability that the
Bingham smeltor win be removed 10
the site near the Dalton e. Lark mine
at present The bingham company
has made determined fight against
the unreasonable demands Of the
farmers in the salt Lake VALLEY and
has furnished q large amount Of the
evidence which has defeated their most
extreme contentious. The company
went 20 the extent Of purchasing a
large tract ~ land lying directly be-
tween its own and the Utah CONSOLE
dated smelter and running il as farm
along almost precisely tho same lines
that are followed by agriculturists In
general IN the valley Il has DEM
onstratod that this farm. located lu
the very center ~ what the farmers
call the smoke zone. can be made In
pay handsomely, and that IT'S vegetable
| and live stock products are the very
best IN the state These facts have
been brought before the courts and
have done much 10 check the wild
scramble ~ the ranch owners Tor re-
dress 90 law
COSTS OF SMELTING.
1T may DE said IN commentator
/ Of the Bingham Consolidated cons
! pany's smelling practise that 80 uses
/ only about Z per cent coke in 500
] charge and that its smelling expense
Is only about $3.50 per ton of ore
treated II viii De plain TO smeltiui
/ authorities. however, that as at pres
/ cnt constituted there is not uniclen
copper in the compauy's ores 90 per
. NIT ~ highly satisfactory smelling re-
suits II IS probable, however tha
Mr. Heinzo plans Go overcome thi
difficulty By securing the rich concen
trates OF the Ohio Copper company
] which can be handled probably afte
the compauy's roverheratory smeltin
/ capacity has been Increased.
"As has been previously stated
| large interest in the stock Of the Bing
/ ham Consolidated company was pur
chased "a few months ago az aroun
$50 per share by + Augustus Heinz
and associates II is believed tho
he added sim further 20 h.s holding
on the movement in the stock whic
carried the price 20 around $50 70
share AT present his word seems 90 b
law in Bingham affairs and there ca
be but little doubt that Doc intends
give the company's management
great deal Of his personal attention
the future. Mr. Heinze tells his frlent
. | that De Is highly pleased With the r
suit Of his own examination and DTS e'
| per;s reports ON the company's mine
| lie Is said 90 have declared his bell
| that there Is 81 10000 worth ~ si,vc
ield ores ln the largest Individual O
b post IN the Dalton a Lark Vein. ar
also TO have expressed astonishme
: phide deposits ln the Commerce.
81 brooklyn and Lead mine properties
: PROFITS rs SIGHT
"Auer the expenditure Of $4,000
, its smel,er, M Bingham Cousolidat
% should Doe able 90 treat 1000 to l..
tons of ore daily ~ which perhaps
tu 300 toms would be lcad-sirer ~
rIoht ON the latter ores would r
nom $40 90 Sl5 pcr ton. and on the co
per ores there should be- an aycra
To profit OF IS per ton on l5-cent corl
market This opens up the possible
. az future met earnings Of 81 90 So 3
O share annually ou The Compauy's col
IS sadiug capitalization
+. During the past year or two
/. c0mpauys net earnings have var
- from $4,000 Go above $4,000 per mon
i / and ihe company probably earned D.
@ I lor than q PER share on its stock d
X ye1r Throughout The period of d
r. 1 satisfactory profits however, the Wi
% Z co.. opening mp Sos ore deposits went
% | rerHgelily, and the increase Boo
r. ] capacity ~ the smercr. which O. 81
30 -eSe1 hy the recent vote of TIE dir
: tore. "a bow fully warranted ty the c
/, dll0u OF the mines.
"tt viii Doe recalled that the RluEh
i Corgollaied Mining g. Smelling cJ
4 / pauy has only 1900" shares of So
and N.t00l0 OF bonds OUTSTANDING !
i bonds are convertible into stock ai
4 per share. 10 they Ete retired thru,
Il conversion. therefore. the comrar
total stock issue wiI amount to
. if1.oW shares with ihe stock SCH
p a. $50 and the bonds at par the pr
\ Cr.y has market valuation 90 ouiy
Z ,11 ooa The very argt amount Of
y iu sight and The excellent UrospeC, of
a continuance both 8t depth ana aiteu
y makes this market valuation seem OIL
3 than justified
"Thc strong point in favor Of
Z BiughHm is the fact that larger D.
II ducilon and much greater earnings
y only prevented by lack OF furnace
81 | pacity. This obstacle IS t0 De- of
Il come Immediately first. by O flrt
4 reduction On the amount OF custom
handled and. second by the constr
ton % additional furnaces, roasu
q etc. The company's neg earnings sho