The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-01-28
ABOUT DOMINION COPPER.
To Be Listed in London-What New
house Management Is Doing.

The shares of the Dominion Copper com
pany. Limited. are about to be introduced
ON the London market. a block of $1,000
shares having been acquired by strong
English interests. whose clientele are
holders Of large amounts Of railway and
Other Canadian corporation securities.
These shares were largely contributed by
four or five Of the largest stockholders OF
the Dominion company, and the result
will be 10 give the securities a wider and
therefore a more stable market, says a
Boston paper.
The Dominion Copper company has been
delayed about six weeks In the installaa
ton Of itF new big furnace. The installa--
tiOn. however. Is nearly completed and
NJ. NJ. Johnson. chief of Samuel New
houses staff. Is now In the Boundary and
will remain there until the new smelling
plant goes into operation. when the Do
7niniCr Copper company will have daily
smelling capacity OF 100 tons per day.
and with his capacity should output in
the neighboshood of about 100000 pounds
of copper per annum.
Several original features about this new
furnace deserve attention. Among these
is the method of handling the water after
Il passes through the jackets. Instead of
the usual arrangement OF pipes, the heat
ed water here runs directly into the four
main supporting columns at the corners
of the furnace. and from these into the
main waste water pipes. The furnace will
be fed mechanically by side dumping steel
cars drawn by electric locomotives. The
mammoth new crusher. which is of the
same pattern as that In use at the Gran
By mines. is now installed The ore is fed
to the crusher automatically After being
crushed. IL is hOdsted in bucket elevator
10 the bin floor. where IL viii be dumped
upon a link steel belt conveyOr. This will
be arranged so as to carry ore to any Of
the bins. old and new, and will take the
place OF the hand tramming. The crush
ing plant has capacity or 100 tons per
hour. The old crushing plant will be used
exclusively as n sample mill.
Managing Director Samuel NewhOuse is
nth gftQfCmpnf that treating
but COO tons of ore per day the Dominion
Copper company has been able to reduce
both mining and smelling costs TO such a
degree that IL is today producing its cop
per as low as the Cranky company, which
is treating $500 tons per day. IL is be-
lieyed. therefore. that with an increase in
copper production OF over 100 per cent the
Dominion company VIII be able 10 still
further reduce costs.
During 1907 all the mines Of the COM
ranv. as well as the smelter. will be op-
Grated by electric power at a saving in
cost OF over 800 900 as compared with 1906
steam power costs
With its LOO tons per day smelter capa-
city, the output Of the Dominion Copper
company will be more than one-half that
OF the CRANKY company. and Mr. Johnson
promises to make copper for cents per
The Dominion Copper company Is cap
italized for 50 100000 stock (par 500 and 81
10000 bonds. Officials OF the Dominion
company state that. with it's new smelter
capacity in smooth running order. the
company should in 1907 make net earnings
OF about IA per cent on the capital stock.
after allowing for all fixed charges and
sinking fund requirements
The company has over $4,000 cash
available In its treasury and by resolution
OF the board of directors. the engineer in
charge has been instructed Immediately to
prepare plans for the increase in the
smelter capacity TO 900 or 1900 tons The
money available TO the treasury will be
sufficient to do this without touching net
earnings