Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-12-17
THE UTAH COPPER.

HtANT among all copper mines is the
VI Utah Copper. 1t has furnished the
state with the greatest copper mine ii.
the world In amount of production
1t is a leader: in the cost of copper pro-
ducton 1t ranks among the lowest and
in amount of ore blocked out it leads
every other mine in the world.
In practically three years time this
youngster has jumped to the front and
established an cnviable record Five
years ago the company started break
ing ground for its first plant. Now it
is the second in size of production in
the United States and second in cost
of production.
During the year this company has cs-
tabished n new dividend record in
Utah, paying out to its shareholders
$4644, 725 and making its total record for
three years of active work S6,S05.5OO
Among the things that have been ac-
complished this year by this giant
among coppers were the consolidation
with the Boston Consolidated. the en-
larging of the capacity OF the two mills
at Garfield, the Magma and Arthur I'M
til they will shortly be handling $4,000
tons of ore a day: the starting n rail-
road from Garfield to the company's
mine in Bingham to be constructed and
equipped ut cost of S2,5OO,OOO; sccur-
ing control of the Nevada Consolidated
Copper company at Ely: the excellent
development of the mine at Bingham
by putting 90 terraces up the mountain
side; the addition of several now stcnm
shovcls. and the ordering of several
moro: the closing of the Copperton mill
permanently: the issuance of railroad
bonds: the establishing of u new record
of extracting nearly 20 per cent Of the
metallic contents Of Ia per cent cop
per orc. and the establishing of new
record In copper production in the state
of Utah.
STOCK ISSUE,
The company now has Approximately
/ ,5G2 500 shares of stock issued, TSi,3i5
shares of which amount was in the
hands of original Stockholders. 10000
shares paid to stockholders of the Bos-
ton Consolidated. 73,437 sold for cash
and the remainder given in exchange
for Nevada Consolidated stock. The in
come to the Utah Copper from the Ne
vuda Consolidated practically amounts
TO S371,730 quarter
The consolidation with the Boston
Consolidated now gives the Utah Cop
per contiguous claims containing $50
acres of mineral land. all patented.
Through this consolidation the company
acquired 80 acres OF land ut Garfield
aud l,0S5 acres near Utah lake, which
brings the total acreage. outside of min
cral land, up TO $685. acres.
The production of copper by the conf
pany for 1909 was 5t.iT2,Si5 pounds. For
1910 1t will Approximately be S2,S3l 900
pounds, or 80 per cent better than the
previous year. The reason assigned for
this low figure IL that the year has been
one of development and enlargement OF
the capacity of the mills
The Arthur plant has had two of It's
units closed down for some time TO
remodel them This work will be fin.
ishcd shortly after the FIRST o! the year.
Garfield tables will be installed at the
Arthur mill and the stamps in use VIII
be removed.
CLOSE COPPERToN.
During July the company had three
concentrations in operation, but ut the
end of July the Copperton plant was
closed down permanently by the order
of the directors, 1t was decided That
the ore could be more ecohomicaliy
handled at tho Garfield plnnts. Most
! of the Copperton machinery has been
removed to the Arthur plant. Through
| the remodeling of this plant, It Is eX-
nectcd that it en- be raised to n capac-
| ity of from 5000 to 5000 tons per day.
Tho Improvement of the Magma plant
| Is practically complete and the plant
! now has n capacity of from 10000 to II, :
| coo tons n day. During the months OF
| August and September the Magma plant
| handled about IS per cent of the entire
! ore. That VAS after the Copporton
| pnnt hnd been closed down on Aug, l..
| The first and last quarters of this year
| were by far the smallest. For the Soc
] ond quarter the production averaged