The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1906-08-03

G. NJ. Borden is a director in the
Federal Mining q Smelling Co. and
vice-president in the American Smelt-
ing & Refining Co.
Frank w. Hills is a director in the
American Smelling & Refining Co. the
Federal Mining & Smelling Co. and the
Cumberland Ely Copper Co.
John X. MacGowan is general mana
ger and also director in the American
Smelters Steamship Co. and director
in the Federal Mining " Smelling Co.
Charles Hayden is of the firm OF
Hayden, Stone & Co., members of the
New York and Boston Stock Ex-
changes.
M. l.. Requa is president of the Eu-
rel1a & Palisades Railroad Co, control
led by d. o. Mills.
VIM. B. Thompson is associated with
Hayden. Stone & CO., New York; pres
/ ident of El Rayo Mines Co. and vice
president of Cumberland Ely Copper
Co.
Fred w. Bradley was vice-president
of Tacoma Smelling Co. until it was
! taken over by the American SIN citing
( & Refining Co. and is now Vice-presl"
| dent of the Bunker Hill & Sullivan
Mining and Concentrating Co., director
and consulting engineer of Ell Rayo
Mines Co. and consulting engineer for
Alaska a-Treadwell Co.
Pope Yeatman is consulting engineer
! for number of mining companies. con
trolled by the Guggenhcim Exploration
Co.
The election of Messrs Daniel and
Simon Guggenheim and their associates
to the directorate of these two import
ant companies marks the passing of the
control of the Nevada Consolidated
Copper Co. to the Guggenheim Explor-
alton Co. This will have its finis III the
election next month of c. Chester
Beatty to the Board of Directors Of
the Nevada Consolidated Copper Co.
A concentrating and smelling plant,
with capatity OF 100000 tons of ore
per year. will shortly be erected. 1t IS
stated that at the present time there
is ore enough blocked out to run this
plant to its full capacity for at least
fifteen years, with an output OF GO, O00,-
600 pounds of copper per annum, ana
that the earning capacity of this plant
will be about 81, 900 900 per year, or at
the rate of So per share with copper
selling at only l3 lie. If copper is
maintained at its present price OF
IS 1-2c. the annual earning capacity of
the plant will be increased by at least
So, 900, 900 per annum, making yearly
total net earning of over 81 900, 900, or
at the rate of S5 per share.
At the present time the company has
So, 500, OOG available for constructing
this plant and for completing the rail"
road. To date 105 Of the lao miles Of
this road have been constructed and
the work is now pushing forward so
rapidly that the balance of the line will
probably be completed before Septem-
Der |, 1906. Already the weekly reve-
nue. of the road, on local traffic, is up
wards of $1,000. The Nevada q North
crn Railway Co. S line starts from Co
bre, Nevada, and runs to Ely, connect
ing the mines with the Central Pacific,
We first became interested in the
Nevada Consolidated Copper Co.
through the report Of J. Parle Chan
, ming dated August 8 1908, who at that
time estimated that there was blocked
out in the property from 5000, 600 to
6,OOO,O 900 tons of ore, and we then adj
viscd the purchase of the stock. Since
, the date of this report development
, work has gone forward rapidly. In
, January. 1906 Fred W. Bradley, con-
sulting engineer, reported that the
= work had very largely and positively
, extended the known limits of the ore
1 bodies throughout the property, and
that over 22,0O0, 900 tons of ore was
: then blocked out Since Mr.. Bradley $
| statement the amount has been so ma
teriatv increased that it is believed
$ that the property justifies the erection
of a plant with an annual capacity OF
o 5000, 900 tons, which would be about
4 10000 tons per day. The 3,0oo-ton
= plant should be completed within a