Bisbee daily review., 1909-05-29
UTAH COPPER

Net profits of the Utah Copper com pany for the first quarter of the cur rent dropped s160000 under hose of the preceding three months. In com parison the two quarters show as be- low:
 Quarter ended Mar 31. Dec 31 Net from mining and
 milling =. .. ....s3T5,s59 s330.65S Other income. 6,iI5 9,623
 Total net .. .... 3S2,470 54O,zS2
 The executive committee, C. NJ. Mac Nell, D. C. Jackling and Spencer Pen rose, in a report to the stockholders say of the past three months opera toins: During the months of January and February the tonnage mined and m He'd continued to be very consider ably below the capact ty of the planJs. due to inadequate transportation sery- 'ce. and the earnings were correspond ingly small Transportation condi- tions improved materially Tn March. however. and in that month we were ] more nearly abel to approach the m'l3 ing capacity of te plans than at any time in the past, and as a result cf the increased tonnage for that monsh the tctal tonnage for the quarter un- der discussion was approximately the same as that for the last quarterly ,ie- riod of 1908.
 The gross output of copper con | tained in concentrates produced dur | ing the quarter was 12 i87 ,549 pounds | the excess over the last quarter be | Ing 330,SS5 pounds. but as a result o. | the very expensive operations of a-Fn uary and eFbruary and particularly the | latter month, due to portions of the | plants being idle a large part of the time on account of deficiency in ton uary and February and particularly the | was slightly higher than that of 'bs last quarter being 6.es cents pound ! this cost applying to net copper pro duced after deduction of smelter al | Iowa1ces.
 "The average. net recovery at the mslis was nearly per cent greater than for the last quarter, due to the better quality of ore milled. with par | ticular respect to the decreased quan t'ty of oxidized copper m nerals con tained As partial offset the aver l age copper contents was somewha ! lower than for the previous period
 
 the quarter was 12.s2 cents. which !. less by nearly 1.3 cents than the pre- yious quarter At the expiration 0 the period sa.es of copper metal ha' been made covering the output avail able for delivery we'll into the mont of April. so that we had no unsold con per on hand.
 Some d fficult'es in the del. cry o ' arIx in, but as a who,e the plants averaged II their operations nariy up to capacity and the result was that more than nal the earnings were made in the on' month on the bass of 12 1-2 cent cop I per. Had we been able to secure tn same transportation service in Jan uary and February. the earnings ol the same character of ore and at tn, same prices for copper would hay' been somewhat above the rated ca pacity of the plants and the outpu for the month will be considerably il excess of that for March. wnrcn Ts over 5.000.000 pounds. Should con.1i tons continue, earnings should t' nearly. If not quite double those o the first quarter al the same price for copper metal.
 II The percentage or underground or' treated sill further decreased, result ing in a ratio of 21 1-2 per cent iron underground and 7S 1-2 per cent iron steam shovels An additional shove was put to work, with the result Una monthly average of s50o0 cuDi yards of capping was removed. Dur ing March ever 1ll,000 cubic yard were removed"