Bisbee daily review., 1909-01-06
MARK 1. REQUA ON THE NEVADA
 CONSOLIDATED
Was First Manager of Great Copper Company and Called Financial Worlds Attention To Rich Mineral Section.


 ton of the financial world to that magnificent mineral section. says the Ely Mining Expositor. He has writ ten a most interesting letter describ- ing the results of their first expert ments on that ground, and showing the wonderful earning possibilities of that property. He shows that the test demonstrated the presence of almost 3 per cent copper values with a loss oi about F per cent The letter in part
 6 as follows:
 -It seems fairly evident that the re sults of experiments that large mill should yield above = per cent eXtrac. ton. This being the case tde cost tO the Nevada Consolidated Copper coIn- pany Of it's copper taking into consid- cration the. steam shovel at work at Copper Flat and the caving at Ruth. should not exceed IF or cents per pound sold in New York. Assuming a recovery of 30 pounds per ton, we would have on a i5-ceut copper maf- het, ! cel,S per podnd profit, or S2 70 per ton of ore. Assuming 1J,000 900 tons of actual ore blocked out in the property, this would give net earn ing capacity of something over S30,- 100000. or figured upon the present outstanding stock, plus the 2e0,0O0 shares, reserves for conversion Ol mining bonds or a total of 1.G0O. .000 shares. net dividends of approximate ! Iy $20 per share from ore now deyel- 0ped. In addition to ore now devel- CpCl. or actually blocked out by drifts, tcrUssCuts and raises. bore holes have 2 g H... -H.-W able tonnage which, when blocked out, [ promises to greatly exceed the ton nagc already developed.
 in addition to this the company has an acreage unprospected far in excess of the area known to contain ore, all within the porphyry area, and all pos 1 s bly ore bearing. The developed ore | lies in the Ruth, Fraction Tunnel Site, Blair. Eureka, Star of the West and Star claims. The total holdings Of ! the company comprises 63 claims. giving it the heart of the district and an ore bearing area iu excess of the combined area Of all the other com ! paRies operating on the mineral belt. ' lt would be foolish to attempt 10 fore [ cast the ultimate tonnage that may be dcyeloped'
 The concentration Of the Giroux Con s0lidated Mines company is now being operated with two eight-hour shifts and the amount of ore being treated is approaching 200 tons per shift or IGy | tons per day.
 i A car of concentrates from the Gi- ICg& laIt Ely for Denver Oh Tuesday i mornings freight and another ear was | Immediately spotted at the mill and ] the work of loading it was commenced 1 Manager Walter has allowed the con. | centrates to accumulate iH consider. ! able quantities so that thc water migh, i drain off as much as possible and thus | reduce the weight before loading for shipment. Thus it is seen that the amount actually shipped to Denver does not represent the total output of the mill up to this time by several carloads.
 The mill is now concentrating about eight into one and the present capdc fly of about 100 tons per day, the Gi rouX mill should soon be sending a 5O-tOn car of concentrates to the smelter at Denver every day
 The concentrates now being shipped from the Giroux mill average about 90 per cent copper and from six to seven dollars per ton in gold. Witf
 an output of one seton car per day lit requires but little figuring to see
 that the company will shortly be add
 ing to the worlds supply Of copper al
 the rate of l5 tons per day. And thii
 Is only the beginning. With its vas ere reserves untouched, with a vas , outlying mineral estate as yet scarce ly prospected. it certainly looks a, though this second of the Ely produc . CTS was destined for a great and pros , porous future.
 At the annual meeting Cf the stock ] holders of the Federal Ely compaliy 2 , held at Salt Lake last week. the fol , lowing officers were elected: Jas. A , Cunningham, president, A. C. Ellis , Jr- vice-pers' dent; l.. n. Farnsworth ' treasurer. the other directors beiu. , w. J. Craig. R. ]. Evans. IvtH r. Hut 5 son and W. NJ. Bradley.
 D The company has large mining am ] water interests in this section upo , which it will doubtless soon con
 mence extensive development work ! The stockholders Of the Coppe
 Mines company will meet in Nel
 York soon to ratify the purchase e tae Chairman Consolidated Cope , c1mpany's property, exchanging ther, for G9.037 shares of the Coppermine stock and assuming the liabilities @ the Chainman company. amounting ( S26.54S.
 The above as announced by in, Wall Street Summary gives the term of the transaction by which the Chain
 man enters the merger which wa
 said to have beeE originally formeC for the purpose Of consolidating all O the big companies Of this distrief wit
 the exception of tfe GirOux. Ta, Chairman is one Of the oldest com
 panies Of the district znd it's propert!
 Includes She mill near Lane City be
 sides mineral ground Of great value.
 The Coppermines company Is !
 strong corporation and is backed b1
 men of experience in the copper bust
 ness The company is destined tC
 eventually become one of tas big con
 cerns of fhis suction. There is no req
 son to doubt that it is the intent o
 this company to at no distant day
 comneHee the erection Of aDstheI
 large smelling plant 10 treat the ores from it's mines and other ores of the ! district. T5is statement has not beca ' Dlade officially, ubt sufficient leaks Y have occurred to cause tae rumors re
 ccatly Urinted il the Expositor in re.
 -.,rs Co Z. nsw plant being erected by 1 tle Nevada Goa neer Ely or East Ely
 
 Uncle Joe Cannon sits still, bBt he
 A