Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-02-03
MAY CHANGE BOSTON
CONSOLIDATED MILL
probable That Rollers VIII be substi-
tutcd for the Stamps used-n's
Porphyry Mills to be Enlarged.

rhere ia considerable speculation at
present as to what the u'ai' Nopp
company will do with the Boston No"-
so,,dated mill and the Utah Copper mas
~ IN It's own hands to demonstrate
which OF the two plants is best aoap''
oil 70 treating the porphyry ore ood'eS
10 the best advantage. IL hai"''
seems possible that the Utah copper
mill will adopt the more successiu'
~stbod of the Boston Consolidated DIS
tbe engineers In charge OF inc o,a''
Connar do not favor II. Thus Tar ho''e
~ the plang of the Consolidated coi'
pany has been made public
There now seems to be scarcey nns an,
doubt but what the Nevada consoio
ated will be added to the comoihat,'oi,
In spite OF the denlals oil Tresiu.
Jamcs Phillips In the east there is ou.
IIttic reason to believe that the utah
f,onnor will not get the majority OF the
stock of the company. All these de-
tails are now working out and pctore
March 8. when the Nevada Cohsoi,u
ated is given it's final chance. II is oc-
cIared that the Utah Copper VIII be In
control of the company anars'
The sS.co0. 900 that the Utah copper
has voted for improvements VIII nrst
he used in enlarging It's present mus,
AT the Utah Copper plant the methou
of concentration is by rolls and Chilean
grinders AT the Boston Consolidated
the Njssen stamp Is used. Over these
two methods Of concentration there mas
been a great amount OF discussion. En-
eineers who are unintercsted IN either
side OF the controversy declare tnat
the best success is by means OF the
stamps.
With stamps II is declared that the
savings are 20 per cent, while the best
savings with the rolls is about % per
cent. The Boston Consolidated plant
Is declared to employ fewer men for
the amount of work done.
WALKER TALKS.
In spite of these facts 1t is PROB
able that the mill of the Boston Con-
solidated will be changed as soon as
the affairs OF the consolidation are
Strengthened out. Relative to the future
of the Utah Copper and its earning
capacity, George l.. Walker. the Bos-
ton Copper expert says:
Utah Copper's capitalization has
been increased from 100000 shares to
. 500 900 shares, and 10000 shares will
he offered to present holders and as
senting Nevada Consolidated stockhold-
ers at $50 per share. yielding approx
imately $4,000, 900 for additions and i'm
provements This issue has been un-
derwritten for a commission of 1 per
cent.
1T is proposed to increase the con-
centrator capacity OF the Utah Copper
company to $1,000 tons, and of Boston
Consolidated company's plant to 1000
tons of orc daily. giving the consolidat-
solidated, ability to treat $4,000 tons OF
ore daily. or about SV00,o 900 tons annu
ally. An average recovery of 25 pounds
OF copper to the ton will result in an
annual production of zoo. .000.0 900 pounds
At present the three companies are
producing at the rate OF between 150.
600. COO and $50, ,O00, 900 pounds annually.
and the increase to 200 100000 pounds
probably will not be accomplished in
eide of two years.
Figuring an average cost OF eight and
q half cents per pound and an average
selling price OF 1Siz cents resulting
in a profit of five cents per pound. the
company should earn about $4,000 900.
equivalent to about s4.75 per share an
nually on the 200, 900 shares OF stock
which it will have outstanding after
the consolidation is completed by the
exchange OF all the outstanding stock
OF Boston Consolidated and Nevada
Consolidated. On 15-cent copper mar
ket profits should approximate S13.000.-
900 annually, or something over Sc per
share for the stock
II understand that President Phil
lips will continue his efforts to obtain
proxies with view TO getting voting
control OF Nevada Consolidated Now
that the consolidation matter has pro-
ceeded to its present stage, 1t would
seem reasonably certain that both Utah
Copper and Nevada Consolidated stocks
Will advance In price"