Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1907-10-15
FUEL SHORTAGE FELT.
President of CRANKY Con-, Says This
Has mterfered With Output.

President of CRANKY Con-, Says This
Has Interfered With Output.
BOSTON, Oct ~. - President |
Langcloth of the CRANKY Con. says
to the News bureau: The opera
tons of this company during the last
business year show a very consider
able falling off in spite of the fact
that the mines are prepared to fur
nish very much larger tonnage
and the smelter fully equipped to
handle the same. This is due to a |
shortage of fuel throughout the west
in the past year, the railroads were
unable to procure sufficient coal toll
operate their trains and the company
sufficient quantities of coke for it's
furnaces. In the British Columbia
coal fields the production of coal was
seriously interefered with and the
output crippled to such an extent
that at no time could the quantities
contracted be delivered In order to
relieve the situation temporarily
which entailed an extra expenditure
of nearly 100000, but latter in the
season even these supplies were stop
ped on account of the railroads being
unable to make their deliveries. All
these circumstances interfered SER
iously with the operations of the
plant and the cost of mining, espec-
tally as cost of smelling increased.
considerably. Their eight large fur
naces could only be operated inter-
mittently and during the month of
May both mines and smelters had to
be closed down for want of fuel. The
output suffered heavily, especially at
"a time when prices for copper were
at the highest. All copper is sold at
the current prices ruling as soon as
the weight and assays are agreed up
on with the refiners and no stocks
are therefore on hand. 1t was esti-
mated at the beginning of the year
that the products then would be in
creased to 25,000,000 pounds In
stead of this only 16,40S,749 pounds
Of copper were produced or about
3,250,000 less than the previous
year. In spite of adverse conditions
net profits are somewhat higher Cost
of copper per pound, after deducting
gold and silver values was 1914
| cents against only S.35 the preceding
, year.
: The eight furnaces are now in a
position to handle over 100000
tons of ore a year, producing in the
neighborhood of 100000 pounds
| of copper per year. The new Victoria
, three-compartment shaft just sunk
r will be connected with different ore
/ levels and complete electric hauling
t system is being installed on the 400
3 foot level. 1t is estimated to hoist
g and crush 1000 tons of ore a day al
this shaft alone. Very large guam.
} titles of ore are in sight and shipping
facilities have been provided tc
1 handle large tonnage. The mines
: are prepared to produce practically q
: tonnage that can be transported tt
n the Smelter which now has a maxi
i mum capacity of $500 tons pei
d twenty-fout hours contract OF
e favorable terms has been made will
S the South Kootenay Power compan,
It for the supply of electricity, the plan
/ has been completed and power il
d abundance is now being furnished.
) 1t was decided to acquire a con
siderable interest in the Crows Mes
i Pass Coal company, from which GU
: main supply of fuel is secured. TIL,
= wisdom of this step has already mad
+ itself felt, as for the last few week
l. full supply of coke has been fur
= nished. James P. Caves, vice presi
is dent and general manager of CRANKY
l. has been elected director of Grow
lie Nest. The above mentioned expendi
l. lures may make it advisable in tn
N near future to issue $4,000 shares Q
1t treasury stock, in which event it vii
n De onered to stockholders pro-rati
m to their holdings on terms to be dc
cided upon by the board
IN Considering the quantities of or
lie which have been developed durin
IF the year, the board feels justified i
n continuing its work of providing
le larger smelling capacity On Sci
=. TENDER Is. the company's booA
Is showed that 134.O09 shares of $40
vo each were outstanding and 931
Id shares of $40 each.
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