Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-02-12
QUARTERLY REPORT
ON UTAH COPPER
Statement Shows Output Of the
Plant is Less Than
Third Quarter.
PROFITS OVER HALF MILLION.
Demonstrates Garfield Plant Has
Economical Operating Capacity
OF 5000 Tons DaN.

In the quarterly statement issued
br tho Utah copper company This
morning 30 is shown that the total out
out from the smelter was 224. 26l pounds
less than FOR the third quarter, that
with both plans in operation approx
o. nately rs per cent moro could have
,cen handled with practically no ad-
Itional cost. that the net profits for
.he quarter were $40 2Si50. and that
he Garfield plant has demonstrated
hat 30 has am economical operating
capacity in excess of 5000 tons day
The report BE- as follows.
To the stockholders of the Utah Cop
per Company. The operations OF your
.ompauys properties during the
months OF October. November and
December. COMPRISING the fourth quar-
.ar of the year 1905. resulted as fol
ows:
Eleven sections only OF the Garfield
plant We're in partial operation until
November 20. when the twelfth ana
last section OF the plant was placed
% comm ssiou owing 10 deficiencies
u tonnage. largely due 10 transpor-
alton difficulties. but partially 70 Un-
Usually rigorous winter weather, the
nitro plant has not yet been operated
10 rs fun capacity. excepting for per-
iods of few DAYS at n time ABB
formally severe weather conditions
prevailed throughout portions of the
months OF October and NobeWber. re
ulting iu deficiency OF tonnage for
October of about 10 per cent, as COM
pared To- the average monthly tonnage
COR the previous quarter. The month
IF November also showed a deficiency.
as compared % the previous quarters
average. but we were able to regain
some of the lost tonnage in December
Turing which month we milled suf-
ucieuuy large tonnage 10 bring down
j e average deficiency Tor this quarter
as compared with the last. 20 approx
Imately per cent. This deficiency is
reflected almost in direct ratiot i'm a
decrease of copper output For the
quarter under consideration. the total
output was ll.ll6,664 pounds. a de-
,rcase. as compared with the third
quarter of 224,26l pounds. The decrease
% tonnage and consequently IN copper
output resulted IN a proportionate In
.rease iu the cost per pound Of copper
he average cost for the fourth quar-
Tor having been S935. This result Is
readily understood when consideration
is given % the fact that the tonnage
We were unable TO mill. because il
rould not De supplied 10 the plants.
.ould have been handled with practic-
1lly no additional cost. and 70 rs also
true that with only slightly increased |
costs we we're prepared TO receive and |
could have handled, with both plants /
ln fun operation, approximately 20 per |
cnt more ore than was actually mined |
and millcd. Under such conditions the |
output for the quarter would have |
been nearly 1900 600 pounds OF cop /
Ier. which would have been produced /
tsarts tsFnafntf1hlt larrTaegH lnat i
per pound
The above stated cost per pound In |
.ludes an mining milling, transport /
ION smelling, selling and Indirect ex- /
pcnses OF am kirds
TROUBLE WITH sHOVEIS.
Tho recovery per ton of ore milled |
continues go bee untavorably, and very |
decidedly. Influenced by the necessity of |
milling large quantities Of oxidized and |
oW grade material resulting FROM the I
.ontiuucd unavoidable admiXture with [
he ores mined by steam shoyclS or "a |
considerable percentage pf such surface I
material. from which little recovery is /
made
The net profit tor mining and
milling for the quarter
amounted 60 .............. $3.50. bJo "a 1
Additional Income from rents
and other Incidental items
amounted 90 ............ 9623.05
Total met profit for the
quarter .......... ......... &il02St Sd !
These earnings aro based ON am aver
1ge price of copper lur the quarter of
slightly less than ti.lO cents per pound.
which is approximately the average
price at which copper WAS sold during
the quarter although the average of
the net prices received for tine last two
months of tho quarter was IA 30 cents l
per pound, Al the expiration of The
quarter. there was uo finished copper
on hand uusold-salcs having been
made during the quarter to cover au
copper available for delivery up to
about the middle of january
notwithstanding bad weather COudI-
tious. stripping of Gaping from the
ore bodies was continued during the
quarter at o. rate somewhat 600 excess
0f that applying 60 the third quarter.
resulting bon the removal of am aver
age Of slightly over $1,000 cubic yards
rcr month,
sHONEIS REDUCE COST
or the total orc mined ana miued
during tho quarter 20 per cent came
from underground mining and t5 per
usnt from stoam-shoNol operations.
ihc Increased percentage from shovols
as compared to last quarter resulting
in a further slight decrease in Che
cost of mining.
since placing the last unit of the
Garfield plant Boo commission. we have
boon able 90 demonstrate. Dor short
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