The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-11-08
NEW HIGH RECORD
FOR STEPT0E MILL
More Than Two Hundred Thou
sand Tons Treated in
October.
CAPACITY OF PLANT
TO BE INCREASED SO0A
Drill Hole at Nevada Con.
Proves Ore at Depth OF
170 Feet.

The nroduction OF Nevada Consolidated
for the month Of October was 2VS'oVV
IONS of orc. or daily output OF 500
IONS. according 10 the Ely News. TINS
The amount OF orc that went through the
concentration Of the Steptoc valley SncH-
ing and Mining company, ESTABLISHING q
rev high record for the plopt ana "
ali can9e from the steam shovel pit
where they are mining the lowest grace
orc in the company's possessions Ihe
product OF the pit al present averages
!. PEI. cent against "a per cent IN t"c
Ruth mine, .
With this grade ore the lowest the
Cuggeuheims have yet mined. u means
a production Tor the year oil ,o.OoV; VUu
pounds Of copper at the extreme low
cost OF SIS cents a pound, giving az inc
present lowest quoted price oil metal, q
pyofit Cf 90 cents, or an annual ploIl'
OF So $500. 900. AZ capitalization Of I,buu'-
900 shares, this means an annual return
Of $40 g share, Should the price o.
copper advance TO 10 cents share, Whlcn
is the average price for the metal ~
al annual profit of $5Soo,ooO. or $3.50 a
share.
The absorption Of Cumberland Ely. and
toe working OF the hIgb-gr2dc ore OF
Jhc Veteran shaft means early enlarge
n!ent OF the reduction plant 10 capacity
doubtless of $4,000 tons "A day. The plans
Tor addition Of iiftG unit TO the con-
ceutlator have been furnished for some
months. With n capacity OF 10000 tons
u day. without considering the hieh-gyade
Of the Veteran, the profit on the low
grade would he Approximately SS,Iuv, =
roo 2 wear, which would allow annual
dividend OF Si.20 a share on the capital
of 1000, 900 shares of the new ccnsolida-
J!o0.
The Nevada Consolidated has completed
the drill hole on the east side OF the steam
shovel pit. between the latter and the
Eureka Fraction shaft Of the Ely Cen
tral. having reached depth OF %@o
feet. The hole has proven ore for
depth Of l7O feet. At depth or ninety
feet the hole went into the water At
depth of : 80 feet il passed through the
rhyolitc. At l65 feet the drill entered
the ore and remained in ii until the
cessation Of work recently
Copper Fla, presents its usual hus%
scene with five steam shoyels at work
in the pit. and five drills going in and
bout the pit On Sunday they started
one OF the Shoycls on the west side at
the corner oi the juniper claim Of the
ely Central. and this is now eating into
the big hill. \ steam shovel is working
on the terrace on the cast, another on
the floor OF the pit on tho southwest,
still another on the second terrace 10
the east and the fifth working OF the
hilltop 10 the southeast
Three of the sEovels are in the ore
and the others In the ovevburden. Five
locomotives arc kept going and coming
constantly carrying trains of ovcrourden
and ore.
The railroad depot has been moved 10
the west siflc of tho pit entrance from
the east. and accommodations have been
ms 5dc for ladies' a new departure which
tier sex whose business or pleasure takes
Them TO Copper Flat. Superintendent VAN
devhoci. who did all this. is undoubtedly
deserving Of the thanks OF the ladies'.