The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-04-06
Cumberland and Nevada Con.
Great Factors in Copper World
"A Line on Earning Powers


extend the railroad into Goldfeld
which would add materially Il
earnings
which has been pursued by the Utah
Copper company in Bingham and tn,
Cumberland Ely and Nevada Consoli
dated in Ely has been ON tire
mendious scale. Steam shoyels ant
four compartment shafts are con
tributing factors in putting thest
companies in position to place mil
lions of pounds of copper production
on the market at a cost of s cents
per pound.
The Boston Financial News prints
the following enthusiastic Nevada
Consolidated Cum berland Ely arti-
Gle:
1t is becoming more and more evil
dent that the leading copper produ-
GERS of the decade are located in the
low cost districts of Utah and Ne
yada For three years now the Gug-
genheim interests have been spend
ing millions of dollars in preparing
the Nevada Consolidated. the Cum
berland Ely and the Utah Copper Co,
TO semi forward tremendous ton
mage OF copper bearing ore that can
be put on the market at anywhere
from 10 cents a pound for copper and
show Il profit to the producer.
On the eve of the beginning this
production stock market conditions
are shaping for a tremendous boom
in the shares of these and other cop
per producing companies. There is
not much doubt that the next Law
son fiotation will he the offering of
shares in holding company wn,,.
proposes to take over the three prop
critics mentioned above and perhaps
others
Mining men and mining brokers
do not hesitate to say that the Ne
vada Consolidated. the most advanc-
ed in point of development of these
camps, is TO become the greatest cop
per proposition in this country bar
none. This company has already
proved up l 100000 tons or more
of ore that will carry from 30 to 80
pounds of copper TO the ton, and il
is estimated that this copper can be
laid down in New York for Z cents
a pound.
II owns half interest in the Sep
toe smelter. which will have cost So
000. 0O6 when completed and whose
capacity of 1000 tons a day NAV be
doubled in the near future. II also
owns half interest in the Nevada
Northern railroad, which is 100 miles
long.
d. . "a If NaUai a
Conso idated will be producing a 1out
3 200. zoe pounds of copper month,
which, at a cost of cents and a
selling price of II cents a pound.
would give it a, profit of 100000 a
month. or s2.520.o00 year in ad-
dition to which is will receive one
half the net earnings of the railroad
and the dividends on 100000 shares
of Cumberland Ely stock owned.
The earnings of the company will
be a great deal larger than the
amount named for it will increase
production and undoubtedly the SELL
ing price of the metal will be better
than | cents.
II will be recalled that something
like a month ago when we predicted
the dusdnct III topptiS uHuti inc
lead OF Amalgamated II was men,
toned that Nevada Consolidated
then selling around If. was. booked
for a rise to Is. II is selling at bet
ter than IL now and there is moth
ing in sight to stop it from lettering
its previous high price of 20 Is.
Nevada Consolidated bonds have
been a prominent feature of the curb
market in New York. Yesterday
they were 3 ) bid and offered at 40.
1t may be interesting to see the
value of these bonds If converted into
stock al various prices and this will
be found in the following table:
Stock Val. of Val. of