The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-05-14
.1s,511,s19

1OIdI lS,511,SlS
In the statement of profits for the
quarter no account is taken of the
income from dividends from the COM
pany's ownership of shares of the Ne
vada Consolidated Copper company.
The report, which Is signed by Presi-
dent c. NJ. MacNeill and General Mana
ger d. G. Jackling, says in part:
This report covers the operations of
the properties of the Utah Copper COM
pany proper for the month of January,
including only the outputs of the Gar
field and Copperton plants for that
month. On the first of February the
operations of the Boston Consolidated
Mining company's properties recently
acquired were taken over. and the
report therefore covers the results from
the consolidated properties, including
the Boston Consolidated company's mill
at Garfield (Which will hereafter in all
reports be referred to as the Arthur
pIantD for the months Of February and
March.
March Is Best Month.
During the months of January and
February we continued to suffer
through a lack Of transportation IA
cilities to the extent of a loss of ton
mage in January as compared to the
full capacity of the plants in operation
and covered by this report, of $4,000
tons, and a similar deficiency in ton
mage for the month of February
amounting to $4,000 tons. During the
month of March all plants were sup
piled with their full requirements, and
we accordingly operated them at their
full capacity, approximating 1880 tons
per day. This was the first month
since October last year during which
such transportation facilities were pro-
vided to permit US to ship TO the plants
their full tonnage.
I'm the statement of ore reserves ap-
pearing in the annual report just is
sued for the year 1909 no account was
taken of the ore reserves of the Bos-
ton Consolidated properties, because
those properties were not acquired I'M
til after the close OF the fiscal year.
In that report ore reserves in developed
and partially developed ore on Utah
ground alone were stated to amount
solidated properties contain similarly
developed ore TO the amount of 10000
600 tons. In addition to these tonnages,
there is the somewhat lower grade
tonnage referred to in the last annual
reports, estimated at 100000 tons.
This additional lower grade tonnage
is of practically the same grade as
that upon which our operations have
been exclusively conducted for the last
six months.
Enormous Tonnage I'm Sight.
Summing up the entire ore reserves
of both properties, the total, as de-
tailed above, amounts to 100000
tons, all of which is Of a grade equal
to that upon which we are now operst-
ing and a large percentage of 1t is of
much better grade.
'Tn considering the above stated ton
nages it is to be remembered that both
the Utah and Boston properties still
have undeveloped large areas known
to contain, both laterally and in depth,
ore bodies similar in character to those
already developed; but without con-
sidering such areas, the ones which are
fully and partially developed as stated,
would at the present rate of produc-
ton eneb BILE the plants as today exist
ing to operate for period of forty
years, and at the increased capacity
which will follow the improvements
now under way and which will; within
year from the present time, be ap-
piled, the life of the present ore re
serves of the company would be about
thirty years
To Remodel Arthur Mil.
AT the time of the acquisition of the
Boston Consolidated property, the di-
rectors announced a decision to in
plant. and plans are now being pre-
pared to carry on this work In order
that the best and most economical
methods might be applied in the recon
struction of this plant and Its future
operation, a corps of Independent en-
gineers was engaged to examine and
report upon the relative merits OF the
systems of milling used In the Magma
plant and that OF the Arthur plant,
and upon the best plans for charging
the capacity of the latter. Their find
frgs show a decisive advantage, both
as to costs and recoveries, in the meth
DDS heretofore and now employed In
the Magma plant; and, furthermore,
that bv adoption in the Arthur plant
similar appliances and methods, it's
capacity can be more than douoleo
without extending the present build
irgs otherwise than to provide storage
bins for ore reserves proportionate 10
the increased capacity.
saThis report fully confirms the pre-
vious determinations and reports of our
own engineers. and work has been com
menced upon the remodeling OF the
Arthur plant along lines that viii
make II conform as nearly as possible
to the Magma plant, both as TO ma
chinery and method.