The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-11-04
MILL MADE NEW RECORD
in CRUSHING THE OUTPUT
Copper Production for Month 100000 Pounds
Low Costs Of Mining and Smelling Pile up the
Profits, Making Con. an Easy Dividend Payer

The production of Nevada Con-
solidated for the month of October
was 20S,000 tons of ore, or daily
output of 800 tons. This was the
amount of ore that went through the
concentrator of the Steptoe Valley
Smelling and Mining Co., establish
ing a new high record for the plant,
and it all came from the steam SHOW
ell pit, where they are mining the
lowest grade ore in the company's
possessions. The product of the pit
at present averages 2 per cent as
against 3 Ia per cent in the Ruth
mine.
With this low grade ore, the low
est the Guggenheims have yet mined,
it means a production for the year
of 70,000,00O pounds of copper at
the extreme low cost of 6.5 pound,
giving at the present lowest quoted
price of metal, a profit of 5.5 cents,
or an annual profit of $3,S50,O00.
At capitalization of 100000 shares,
ILLS luOdAO uA uAhu iCCuiA VI YH'I
share. Should the price of copper
advance to 15 cents share, which is
the average price for the metal, it
would mean to the Nevada COnsoli-
dated an annual profit of $5.S50,-
900, or 1896 share.
The absorption of Cumberland
Ely, and the working of the high
grade ore of the Veteran shaft
means early enlargement of the re-
duction plant to capacity, doubtless
of 10000 tons a day. The plans for
addition of fifth unit to the concen-
traitor have been furnished for some
months. With capacity of 10000
tons a day, without considering the
high grade of the Veteran, the profit
on the low grade would be approx
mately $8,400,000 a year, which
would allow annual dividend of
$420 a share ON the capital of
100000 shares of the new consoli-
dation.
The Nevada Consolidated yester-
day completed the drill hole on the
east side of the steam shovel pit, be-
tween the latter and the Eureka frac-
tion shaft of the Ely Central, having
reached depth of 335 feet. Tie
hole has proven ore for depth Of
ITO feet. At depth OF 80 feet, the
hole went into the water a. depth
OF 40 feet it passed through the
rhyolite. At 165 feet the lrill en-
tered the ore and remained in it un-
til the cessation of work yesterday
Copper Flat presents it's usual
busy scene with five steam shOvels at
work in the pit, and five drills go
ing in and about the pit. On Sunday
they started one of the shovels on
the west side at the corner of the
Juniper claim of the Ely Central,
and this is now eating into the big
hill. A steam shovel is working on
the floor of the pit on the southwest,
still another on the second terrace
to the east ard the fifth working on
the hill ;op to the southeast.
Three of the shovels are in the or ;
and the others in the overburden.
Five locomotives are kept going and
coming constantly carrying trains of
overburden and ore.
The railroad depot has been moved
to the west side of the pit entrance
from the east and accommodations
have been made for ladies, a new de-
parture which will be appreciated by
those of the gentler sex whose busi-
ness or pleasure takes them to Cop
per Flat. superintendent Wander
hoef, who did all this, is undoubted-
ly deserving of the thanks of the
ladies.