White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1911-07-02
NEVADA CON. IS
NOT PUSHING ORE
OUTPUT, DESPITE INCREASED
MILL CAPACITY. SAID TO M
IN KEEPING WITH CURTAII.
MENT AGREEMENT.

Since Utah Copper and Nevada
Consolidated have increased the
capacity of their mill plants, the i'm
preston has gone out that these
Utah. and Nevada copper properties
are pushing production contrary to
the curtailment agreement, which
was made one year ago, dating from
July /.
This view is not borne out by
the reports issued by these compan-
les, which show that a material re-
duetion in copper production was
maintained throughout the past year.
That both properties have been plac-
ed in better physical condition and
are prepared to produce a larger on
mage of copper than at any previous
time in their history, is known TO all
who have been sufficiently interested
in these companies to keep posted on
development and equipment installa.
ton. A forecast of results is given
by the News Bureau as follows:
"A superficial view of the out
puts of the Utah Copper company
during April and May might be taken
TO indicate that the company is break
ing away from the spirit of the cop
per eurtailment understanding of
last August, but a closer analysis OF
its production since then shows that
this assumption Is not we'll founded.
Compared with the early months
Of 1911, the company's output is nov
considerably larger, but this In reall-
~ Is but an evening up process and
eompensates for the under normal
output during the winter months.
During May, June and July, 1911
proceeding the curtailment under
standing-the average monthly pro-
duetion of the Utah Copper company
wa 100000 pounds and a Is per
cent reduction from this amount
would reduce the monthly quota to
about 100000 pounds.
In the ten months in which
eurtailment has been in effect, Utah
Copper has produced 1860. 600
pounds. The twelve months pro-
duction should be about 10000, 900
pounds-a full 10 per cent reduc-
ton from the average of May, June
and July. 1911, and well above Is
per cen when compared with that OF
May 1910.
"Utah's production during the
present quarter should be very close
to $4,000, 600 pounds. Fortunately
there has been a very decided i'm
proyement in the price of the metal
during the past thirty days, so that
the average price for the three
months ending June 80 will have
been about 1925 cents per pound.
IA0ni 1ldu , uhn DNtlaAAohSS
fore, earnings should be about $780,
900 Including dividends from Ne
vada Consolidated total income for
the quarter may be figured at ST.
900, 900 against dividend require
ments of si,iIi,500. or at the rate of
IS cents per share against 10 cents
per share paid.
Nevada Consolidated output re-
mains close to $500. 600 pounds per
month, which is an increase of but
100000 pounds over the smallest
output recorded since curtailment
was inaugurated--this record having
been made In February, 1911, when
production was 4.932,o0 pounds.
In August last, the first month
of eurtailment, Neyada's produe-
ton was 10000 00 pounds. which
was a drop OF 100000 pounds from
the high record made in July. Since
August and up to and including last
month, the largest monthly output