The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1907-03-20

so many inquiries are received by
the White Pine News about the min
ing companies operating here that ii
is sometimes diHcult to answer them
ell in detail. It Is usually taken for
granted that everybody knows the
merits OF the Nevada Consolidated
and the other big com panies, but in
quiries come IN just the same from
various parts or the country, and for
the information Of subscribers of the
White Pine News and others the fol-
lowing from circulars issued by Hay
den, Stone & Co., of 25 Broad street.
New York, is printed:
Nevada Consolidated.
The Nevada Consolidated Copper
is capitalized at S6,5O0,O00, shares
par 81.
We first became interested in the
Nevada Consolidated through the re-
port of j. Park Charming dated Aug.
3, 1905, who at that time estimated
that there was blocked out at that
time in the property 5000 600 to g.
10000 tons OF ore, and we then ad-
vised the purchase of the stock. And
since the date of this report develop
ment work has gone forward rapidly.
In January, 1906, Fred W, Bradley,
consulting engineer, reported that the
work had very largely and positively
extended the known limits of the ore
bodies thYcuSacUt the property. and
that over 1000 900 tons OF ore was
then blocaea out. Since Mr.. Brad
ley's statement the amount has been
so materially increased that it is be-
lieved that the property iustifies the
erection Of q plant with an annual ca
pacity CT 10000 tons, which will
be about 10000 tons per day. The
5000 ton plant should be completed
within year. and at that time it is
believed that the increased plant will
be ordered
CunberianG-Ely
The Cum5erland-Ely Copper com
panyhag outstanding 100000 of its
shares. par vsIue $5. I is dealt in
on the New York and Boston curb.
The Cumberland Ely Copper com
pany owns suoximateB $50 acres
OF mining land adjacent to and inter
mingled with ;he property Of the Ne
vada Consolidated Copper company,
located at Ely. White Pine county,
Nevada. Actiyo development work
has been under way for the past year
and ore has been proven in a number
OF it's properties. The most impor
tant find has been in the Veteran
property, where at depth Of about
450 feet a shaft has gone through SO
feet Of ore from which a efosscut has
been run 1S9 leet ana drifts run 10
feet, all in orc that win assay from
10 to G per cent copper with some
some gold values. From surface in
dications and results obtained by the
Nevada Consolidated Copper compa-
ny, it is expected that this ore body
will prove To be about 1.400 feet in
width. The average ores thus far
encountered in tie Cumberland Ely
properties is similar to 5he ore CT The
Nevada Consolidated, bar appears
from the present development TO be
OF d slightlyhigher grade, conse-
quently the following qaotation from
]. Park GhanuinEs report dated July
1905. on the Nevada Consolidated
Copper company, IS interesting, viz;
However, on an assumption of
but 200o tons OF ore per day. and
calling the annual production 25,-
100000 pounds, the result, allowing
for construction at all the varying
prices of copper may be summed up
thus: Total cost per pound copper
sold in New York. 7.53c; less value
gold and silver recovered, SOC; net
cost per pound. sold in New York,
7.03c: profit per pound, copper at
13c. 5.97c: profit per pound, copper
at 15c. 1910: total annual profit cop