Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-02-13
ABOUT BOSTON CON.
Eastern Publication Comments Favor
ably on Bingham Property.

The Boeton Commercial Of recent
date comments to considerable length
on Utah coppers In a current issue
and mentions in particular the Bos-
ton Consolidated concerning which 1t
says:
fOfficials express confidence that
they will he able to complete the B.
000-ton mill, now under construction,
without increasing the company'S cap
ital or otherwise calling on stoclehold-
ers for new money. They believe that
the cOmpany's entire financial require
ments can be taken care OF with cash
~ hand and shipments OF smelling
ore from its sulphide mines. The
company is now sending forward 500
tons Of these ores daily. giving 1t
production of 100000 or more
pounds Of copper monthly.
after It's new mill is completed.
Boston Consolidated should be able
to produce at least 100000 pounds
OF copper monthly at a gross cost OF
Q to 10 cents, giving it profit of
$3.50. 900 monthly, or $5,400,000 an
nually. equivalent to more than 50
per share on 25-cent copper market.
with such earnings the company
would be able to pay for the further
additions to it's milling capacity and
at the same time distribute dividends
without expanding Its capital, II is
not improbable, however that the
management may decide to build the
second and third units Of its mill inn
mediately after the first unit is given
thorough test. and in such an event
the money will probably be raised by
a stock issue to stockholders.
Few people realize the tremendous
possibilities and probabilities which are
bound up In the Boston Consolidated
property. Briefly stated. there " "A bed
" c.. lS.s.f
feet wide and averaging 200 to 800 feet
thick. II lies at a depth OF so or GO feet
below the surface, and the superficial
material is being removed with steam
shovels and railroad trains, and prep
arations made 10 mine this ore by the
same inexpensive process, The most
careful and pajnstaking milling tests
furnish basis for tho belief that this
ore will yield at least % pounds of cop
per and 25 cents in gold and silver 10
the ton. giving II value of $3.50 on n
25-cent copper market, or 81 per ton on
lh-cent copper. II Is expected that
gross operating costs will amount 10
less than 81 per ton, resulting In
profit of 81 to 81 per ton. As there ara
at least 125,000.000 tons of this ore. how
ever, there are probabilities of net
earnings of sl25.0o0 900, or nearly $500
per share for Boston Consolldne ed $
capital stock, even though the profits
should amount TO only 81 per ton
In addition to this immense deposit
OF milling ore. tho company has opened
two large bodies OF smelling ore similar
TO that mined by the Utah Consolidated
company. though perhaps not quite as
high In grade. The latter ore bodies
are estimated 10 be worth $4,000. 900 net
though further development may add
considerably to their demonstrated ex-
tent and value.
1T Is not improbable that Boston
Consolidated may unite with the New
house Mines e Shelters company IN the
erection OF a smeier. Samuel New
house was quoted recently as saying
that the Garfield Smelling Comrany's
refusal 10 receive and treat a specified
amount of Boston Consolidated ores
legally broke the contract existing he
tween the two companies BY this he
evidently meant that Boston Consoli
dated was now at liberty TO make a new
smelling contract or to erect a plant OF
lis own, Recently Mr.. Newhouse has
taken up the question OF possible dam
ages to agriculture with The farmers
residing IN the vicinity OF Utah lake.
II being his evident intention 10 build
n smelter provided thorough and
satisfactory understanding can be had
with the agricultural interests I'm adj
vance. Such u move would add con
siderahly to Boston Consolidated's me-
profits