Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-10-02
FUEL SHORTAGE FELT.
President Of Granny Con. says This
Has Intcrfercrd With Output.


Boston. oct. 2-Presidcnt Ianr-
cloth OF the CRANKY Cons saws 60
the News Bureau: "The operations
of this company during the hast busi-
ness year show very considerable
falling OF In spite Of the fact that the
mines are prepared to furnish % very
much larger tonnage ami the smolter
fully equipped go handle the same.
This Is due TO "a shortage of fuel
throughout thu west IN the past year.
the railroads were unable TO procure
SUFFICIENT coal 10 operate their trains
ana the company sufficient quantities
or coke for us furnaces. IN the Brit
ish Columbia coal fields the produc-
uOn or coke was seriously interfcrcd
with and the output crippled 90 such
an extent that az no time could the
quantities contracted be- delivered. Ia
order TO relieve the situation temp
orarily. which entailed am extra OK
penditure OF nearly 100000, but lat
en- In the season even these supplies
were stopped on account Of the rail-
roads being unable 10 make their de-
liveries. All these circumstances in
terfered seriously with tho opera
lions of the plant and the cost OF
mining, especially as cost OF smelling
Increased considerably Their eight
large furnaces could only be- operated
Internationally and during the month
20 be closed down Tor want Of fuel
The output suffered heavily especial
~ az time when prices for copper
were at the highest. Am copper =
sold at the current prices ruling y
soon as the weight ana assays are
agreed upon with the reduers ana no
stocks are therefore ON hand 10
was estimated at the beginning 90
the year that the products then would
be increased 20 %. 900 900 pounds.
Instead Of this only i6,f0S.7f9 pounds
of copper We're produced on about g.
100000 less than the previous year.
In spite OF adverse conditions net
rronts are somewhat higher Cost
OF copper per pound. after deducung
gold and silver values was lO.IA cents
against only S.35 the preceding year.
The eight furnaces are now Zoo posi-
ton 20 handle over 100000 tons OF ore
a year. producing In the nelghborhOcd
of 00000o0 pounds Of copper per year.
The new Victoria three compartment
SHAFT just sunk VIII be- connected with
different ore levels ana complete cleo
trio hauling system is being installed
ou 400 foot level 10 h. estimated to
hoist and crush 900 tons OF ore a day
at this shaft alone Very largo guam
titles OF ore are iu sight and shipping
facilities have been provided 20 handle
o. large tonnage The mines are pre-
pared 60 produce practically a tonnage
that can be transported To- the smclter
which now has maximum capacity
OF 1000 tons per "a hours A CONTRACT
ln favorable terms has been made
with ire South kootenay Power com
pauy Tor the supply ot electricity. tho
plant has been completed and power
ODD abundance b. now being furnished.
10 was decided 10 acquire "a consider
able interest in the Crows Nest Pess
Coal company, from which our mann
supply OF fuel Is secured The wisdom
of this step has already made Itself
frlt. as for the last few weeks u full .
supply Of coke has been furnished /
James r. Caves vice president and .
general manager of CRANKY has been /
elected "a director of COWS Nest The I
above mentioned Expenditure may /
make 20 advlsIh iu the near future 20 /
issue 1900 shares OF treasury stock. /
bon which event DO win he offered 90 /
stockholders pr0-ratlu 90 their holdings /
ln terms 90 be- decided upon by the /
board
Considering the quantities of ore /
which have been developed during th- 1
year She board feels iusuhcd ln con-
tnuing its work of providing larger
smelling capacity ON Sept l3 the
.0mplny's books showed that I8t0la
shares OF 500 each were outHtundmg
and 9NU shares of 10 each.