Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-11-27

There was mIIrd during the qhird
quarter a total ~ 10000 dry tons
81 ore, AZ compared with lB7.O2b tons
fnr the pTecedins quarter and 1904
for the nrd quarter. the total tonnage
for the first min" months ~ the year
being 667.725. Df the tonnage treat.
ed during tnc quarter under discus
sion approximately 81 per cent came
from the Homer ore body, 20 per
cent from the chino body. ana tho
remainder OF g ger cent from tho
Hearst body. ia" average copper
contents Of the ore treated for the
quarter was 2.@i per cent, az com
pared TO .Oi pr cent for the pro-
ccding quarter.
The financial results Of operations
for the quarter ~ compared 10 the
1.-TWO preceding qlarterH, we're ~ fol-
lows:
First quarter Milling profits. 3i96.-
IS7l.42. miscellaneous. 3l,l49.S6. to-
ltal, t22S.O2i2s.
4 Second quarter Milling profts,
$685., j33.lj; mis- "lianeOus. 24G62.6';
total. 1890. 1868.
Third quarter Milling profits. 89hi,
273,S.: miscellaneous. ji.3l2G3. -.
tai ll0ji,6Ss.6I
1 The total ne profits from all
sources for the nino months Of the
year were tIsgs '03.65,
The above eGpningA ara calculated
lUn q price of LS SIS cents per pound
for copper. which ia approximately
4 thTcc-uuarteTS ~ "a cent less than
Was actually received for the metal
sold during tho quarter. This lower
4 price In used in order 10 bring down
4 the inventory prlo" of copper In tran
sit between the mills aud rehneries
Ito ~ cents per pound. and this
iwiil he accomplished by the end OF tho
year, and thereafter all copper Ia
TRANSIT or In stock unsOld Will be car
ricd AT the lxesR figure stated.
The cost per pound If net copper
1 produced for the quarter, after al
flowing for smelling deductions. and
without making any credits from mis-
ccllnneOus revenues. was 6.j7 cents. rs
ICompared with SOC cents for the
ipreyious quarter. " this cost all op.
Ierating. administration and general
lchaTgcs Of every nature are included.
as " also - charge Of 40 cents per
ton ~ ore treated for the aKtinguISh-
ment OF mine development and strip
lping expense. There IN included IN
the i'cm Of rniscelIane income an
iamount OF t23.3S3.25 derived from
the shipment direct to the Smclter Of
ll2a tons az Ors from tho Hearst see
ton, This ore contained an average
of III per cent copper, and the net
cost IL producing copper from u was
Approximately ! cents per pound. The
total contents of the ore 40 shipped
WAS 2Bi,5li pounds OF copper, which,
lnddch Ia the production from the con
centrator, brings the total gross pro-
Iducti"n tor the quarter up 20 lO,6oh,'
IlN pounds. While the cost per
pound az copper so produced from
. shipping ore liz higher than from Orcs
concentrated the total profit ON the
Tonnage shipped was greater than II
would have been had this tOnnag"
been put through the Conccnirntor,
bCcaus" ul tho loss OF copper that
would have suited In concentration.
Production 80 this higher grade ore
which "lIi h" shipped direct tp the
, smeltrr VIII Continue for a. number
p Of years from tho Hearst body. where
large tonnagos OF such ore exist Such
Equipments win however, DO lntermit-
tent.
II the miscellaneous revenues.
amounting 20 about $4,000, aside
from those derived from the direct
sale Of ore, we're credited to the cost
of operation, the cost per pound OF
copper produced from concentrates
would be about 0.3 cents, which con-
pares faNOrably with any low record
with which wo are familiar for cost
production In large quantities. where
there were no precious metal values
whatever to be used ~ q credit "a
$ the cost Of making copper. For tht
, month Of july. when tho quality OF
ore vas such az TO permit Of good
, mill Tecovcrlcs the regular cost was
under 60 cents per pound.
Tho Increase In the average daily
. tonnage treated for the third quar-
. ones. Is illustrated In the following
: table: II
Tons
7 First quarter ....,........ I.Tss
SECOND quarter .,,,..-''s'.'' l's4s
. Ihlrd quarter ,.',...r''..r'' 5seVs
}, Tho average sxlEAcllon for th'
quarter was 6s.ib per cent. CORE,
|, spending TO a reeoysry OF sO.ss
i pounds OF copper per ton Of ore
milled. This COMPARES with an Az
erago extraction for the previous
quarter OF s2.ss per eents correspond
Ing to ss7t VOlip24 recovered PEI
ton OF ore. The eoupagAiANelS low re-
: cOvery for the amartef weR ~ y hal
been foF the pEaNiouD qRaFterss due e
: an ndmizturs ek lAnAp quantigien y
oNldlAed ore c0AAl49 Fqln w nppel
Eones of tbs oi ppeg, y n fart, 4
. cenhlderablS quantsl ~ gns ma
tSFiel sent 10 tn taiIig vac takpa
| ftoan uhovels o0ataStnN ntlAolpgIly %