Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-04-13
UTAH CON. REPORT
RECEIVED HERE
Shows What Net Profits Were
During the Past Five
Years.
THE METALS RECOVERED.
Statement Made BY Manager Risque-
Description OF New
Smclicr Site.

The annual report of the Utah Con-
sciidated, issued from the New York
Office OF that corporation, is in TIC
hands of local shareholders. While
the earnings last year were not es
great as the previous one, the net
profits being SS.9s against s9.45 in
1906, the report shows that the sui
rhide ore in sight at the beginning of
the year was ,202, $50, against i,1C0,-
600 year previous. The net profits
for n series of years We're: 1907, 81,
1Ta,412: 1906. S2,S35,O0S: 1906, ST.
SSI,3S5; 1904. sl,16434S; 1908, ST.
O3S,63T.
METALS RECOVERED.
During 1907. 279.6t2 tons of ore
were treated: in 1906 296.9S9 tons;
in 1905, 2S6, 200 tons, in 1904. 233,7c0
tons. The copper recovered in 1907
was 13,9s7,55l pounds in 1906, 49,
5S3,974 pounds; in 1905, l7.26447i
pounds; in 1904, 1S,b53,4S3. The sill
yer recovered in 1907 was $40. 2o6
ounces; in 1906, 45Ls12 ounces; in
1905, 374.6S5 ounces in 1904. 2GS.-
$50. The gold recove' " in 1907 was
34.554 ounces. in 1906, 42,601 ounces;
Il. 1905, 2S,291 ounces; in 1904, &C.
ai4 ounces.
MR. RIsQUE's STATEMENT.
In his statement, Manager j. p.
Risque says in part:
During the year 10.120 feet of eN-
IIoring and development was done. A
large deposit of copper sulphide ore
was encountered on the No. 81. level
from which $4,000 tons have been
produced and clipped, leaving quite
Il tonna &c to be extracted. Another
~ 20,
6 leve, and is now being developed.
This promises a good tonnage and has
the appearance of making into fiat
deposit. which is characteristics of this
section of the mine. In addition 10
the al Owe. a deposit of lead ore was
found and developed on No level
near its present heading, from which
i,134 tons We're produced ard sold
during the year There still remains
at this point many tons available for
shipment. A strong and well filled
vein OF copper sulphi1e ore was en-
countvred by a cross-cut north from
the twenty-iirst floor OF No. stope
into our Inland claim This vein Is
now being opened by drifts and raises.
| We hope 10 record a good production
from this vein during the coming year.
] he discovery was made in another
stratum of limestone and is in no way
connected with our main workings.
The upper levels are all being driven
westward into virgin ground and sew
oral small ore bodies have been en-
oountered. The future looks p-omis-
ing for this section of the mine.
"A diamond drill was added TO our
equipment during the year, and has
Proved valuable for the time operated
Provision has been made for electrical
locomotives and we hope to have them
In operation during the early part of
The year. Electric power VIII be pur-
chased from an Independent power
company at "A cost comparing favor
ably with steam This equipment be-
came necessary as the horses employ-
cd for tramming arc no longer able
t. economically handle the output of
the mines, owing TO increased distance
and larger production.
In 1907 we purchased 1900 acres
for icw smelter site. situated in and
below Pine canyon Tocele county, n
distance of 81 miles northward from
our mines at Bingham. This covers
all rights to all water rising in and
flowing from Pine canyon, and
amounting to $50 gallons per minute.
The mine Is AT an elevation 1.394.S
feet higher than the new smelter site.
Tho new site calls for seven miles
Of spur track railroad to connect with
the San Pedro railroad and an addi-
tional seven miles To connect with the
Western Pacific railroad near Garfield
II would require five miles Of railroad
To connect the site with Tooele city
direct Ga town of 1900 population).
Plans and specifications have been
completed for new smelling plnGt, pro-
viding for daily treatment Of /, 800
tons"