Bisbee daily review., 1909-01-31


 thanks to which the results for the year in the way of costs per poLnG are. all things considered, extremely gratifying. The figures will be less than 1lh cents. including items Of every description.
 We estimate the net mining profits or Qu-ney for 1908 al approximately S44O,Oe0, equal to $4 per share. from wlich must be deducted $17o,O0o. the purchase price of the Old Fran5- lin These results furnish an inter esting comparison with those for 1906, for which year the output was 16'l94,S3s pounds and net earnings s1. .222, ,9s5.
 During the past year Quincy daily rock shipments have aggrtgated something over 4,30O tons, from whicA the refined recovery WAS 4 uifIe ever 16 pounds per ton. There IS thus i1ldicated total cost Der ton of about s1.S5, truly a remark able showing when 1t is considered that the tonnage is hoisted from depths ranging to d mile or morp.
 With the passing of the control of tae Old Franklin to the Quincy. it's career as T producer at once came 10 an end. It has since been pr., Yided with connectiO IS with soua Of the Quincy work ngs, which ars t1ins made easier of access. The shaft will be dismantled and future operations. If any, will be througa Quincy shafts
 The Adventure commences t1e year with its hopes centered in the pro- pectiye developments on the Lake lode, which is presumed 10 trayerse the south side Of the property, ana which has been the object of q riril search for some little time.
 Ten holes have been bored in thu, effort to. locate the Lake vein. but while succe-s has attended the ef- Tort, the situation Is still mystifisd. as no less than thrse veins have been penetrated in a width of territory Of 1000 feet with no certainty as to which is the one being sought.
 All three furnished ores containing copper. while in appearance the vein material proy7d qu'te s'mi ar. The situation is furtler aggravated from the fact that the str ke of the vein on the Jake property adjoining fur nisaea rS data whatever to work upon
 The purpose of inc drin work is primarily to locate the Lake vein fa the Adventure tVset, and " th this accomplished the company will prob ably sink 9 vertical shgft with a view to its investigation. Considering that the Identity Cf the vein has yet 70 be estab isl q, and thsL . consider able over burden will be penetrated iu s1aft sinking. there + but little Tl-n+sa or very early developments of importance.
 At lSlz per snare, Nevada ConsOIi- dated has a total market valuation Of nearly SEQ noo GOO Tn g '- nearly as much as North Butte or Utan Copuer and for a CompCny that has been pro ducing for lsss than 9 year, it seems high. Probably few people, however. have grasped tIC s gn ficance for the additions that are now going on at the Steptoe plant. It vii perhaps be re- called tFiat as or gnally built. this plaut was composed Of three units Of 1900 tons capacity each or a total capacity, roughly of 10000 tons.
 The treatment of the Nevada ores have proved so successful that it w.ts decided to make large additions. and these are now being made. Taesl- consist of increasing the capacity of two of the three present units by 20 per cent and adding q fourth unil or 20 per cent greater capacity than the old ones. This will give Nevada. a daily capacity of 1000 tons, or twice it's half share of the present capacity
 It is expected that these additions will be ready by next April. when th" company should increase it's produc tion to 50,000,00O pounds of copper annually Nor will the growth Of the plant stop here. The recommenda- ton has been made. and will doubt. less be adopted, Ol adding still d ffftn init
 The capacity cs the entire plant wilt then he 7500 tons daily. Of which 55O0 win be devoted to Nevada ores The total output or the plant should he in the vicinity of 90.0O0,O0O pounds of which Nevada's share should be close on 10 70,000,OOO.
 We understand Esrther. thai [h-- company is showing up strongly in the matter Of costs, and that cents a pound may be set down as a cor servat:ve figure.
 When all tho additions now under way. and in contemplation, are fil.- ishcd, then Nevada CCnsOl' dated, on a 15-ccnt metal market, should earn $i,20O.G00 per aunum, or over S3.5O a share
 There is no reason tO suppose that tha company will not g. on adding definitely 10 the mill capacity. uutii it reaches ac least 2590 tons daily. an amount approximately equal Co the entire Butte camp.
 Nevada Consolidated VII then have accomplished Whct at one tinTs seemed almost a hopeless task. viz: earning a aand-onie amount per share on 1.600.O00 shares.