The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-01
REPORT ON NET
PROFITS ISSUED
Duncan MacVichie Estimates
Profits of the Nevada Doug
las Company.
FIGURES BASED ON
COPPER AT I3 CENTS
Company Has a Valuable Pos
session i'm Railroad Line
i'm Nevada.

In a report Just issued by Duncan
MacVichic. the well known mining en-
ginecr and general manager of the Ne
vada Douglas Copper company, the
earning capacity Of the Nevada Doug
las Is set out in the most minute de-
tail. and the showing Is a splendid one.
The Nevada Douglas company has con-
tract with the Mason Valley company
Tor shipping 900 tons OF ore annually
TO the Smeltcr now being built The
company likewise Is the owner of the
Nevada Copper Belt railroad line, and
taking these details into consideration,
the report figures the total net earn
inGs of the company as S66.Si@.2s per
anpum. giving Sl,id cents per share per
annum for dividends the $50. 900
shares outstanding.
Mr.. Mac cNichic figures an annual pro-
duction of copper of 1880, 900 pounds,
at a cost OF Q cents pound. leaving 4
cents a pound profit ON a l3-ccnt cop
per market Should copper reach 10
rents a pound by the time the Mason
Valley smcter is ready for operation,
and there are many who feel that this
is a reasonable expectation. this would
add cents more profit per pound TO
the earnings. allowing a 90 per cent in
crease to the estimated earnings from
the mine. The ores OF the Nevada
Douglas are carefully sampled for the
report, and tho general average is given
az 90 per cent copper.
The Ycrington or Mason section has
cause 10 Ire thankful that IL has not been
IN shape for production during the cop
per uncertainty through which the In
dustry now seems passing 10 iirmer
ground, By the time the camp is ready
for production the metal should increase
In value sufficiently 10 give half again
as much profit as could have been made
during the year or two Just passed. The
camp mas also been developed mainly
through the efforts OF the Nevada Doug
las and the Mason Valley companies
and the construction of the Nevada Cop
per Belt line has been financed and
brought 10 it's present stage OF COM
plction during the financial strinGency
which the country has been experience
ing.
This Nevada Copper Belt line gives
promise of being one OF the best money
makers Of Nevada. Its business will
be approximately 100000 per annum
from The transportation Of mine tom
nascs already contracted for. Several |
of the mines arc yet to contract for the !
hauling OF their product to the new |
smcltcr. The road likewise opens a fine !
agricultural section which contains 1884, !
900 acres Of irrigated lands. There is |
plenty OF water availah bile for bringing |
100000 more acres into cultivation II |
Is estimated that the district will hold |
1000 additional miners when the smelter |
is ready for the output from the mines |
road. The Nevada Douglas company. |
therefore. has prospects for greater earn |
lngs from Increased railroad business |
increased prices in the copper market, |
increased mine output and continually /
widening ranch activity adjacent 10 the
Te iiroaG territory,
Local stockholders. therefore, conf
IDENTIFY await the future, and they are de-
cidcdly Gratlfed With Mr.. MacVlchieis S
report Just received.