Arizona republican., 1913-04-27
The Ray Consolidated.

The Ray Consolidated. President Sherwood Aldrich of Ray Consolidated has just returned from q three weeks visit to the property and speaks enthusiastically of con ditions there. March scored new high record production, and the low est cost per pound yet attained. The tonnage treated was 791, 1,956. To a Boston News Bureau representative MT Aldrlch said: Six years ago, when we purchased the property there were no more than fifty ptO- pie within a radius of twenty-five miles, today there are 10000. At that time there was developed 600000 tons of ore, no surface equipment, and not to exceed one mile of un- derground workings. while the only means of transportation was the washed -Out grade of a narrow guage i road built by the former owners from 1 the mine to an experimental mill at
 Kelvin. Today we have S5,000000 ] tons of developed ore and are pro- 1 ducing about 6,500 tons daily. Fur | thermore transportation is being 1 conducted over our own standard guage road and in our own equip
 ment to the Arizona and Eastern connection at Ray Junction. The surface plant at Ray is capable of
 mining and delivering almost any | tonnage of ore that can be broken
 in the stopes and trammed at as-
 sembling points. The Hayden mill l and power plant have been parti- cally completed and the eighth sec ton should be ready for operation within thirty days. 4 steadily in
 | creasing tonnage of copper is being l treated at a steadily decreasing cost per pound and there is rapidly ac-
 cumulating a considerable surplus ! for dividends. 1 have very little
 doubt that before the end of the
 year We will be treating 5000 tons
 of ore daily. the amount for which
 we have been striving for the past
 two years. Rays record output of
 4,420,000 pounds in March was pro-
 duced at a cost of about nine cents
 a pound which figure was reached
 after a charge of 12 1-2 cents a ton
 against prepaid development. which item added frof 1-2 to 5-S cent Der pound to costY
 
 Advices from Jerome state that OK iylized ore has been encountered in the new crosscut on the 800- foot level. The ore assays , per cent copper This is the first strike made
 under the new management of the
 United Verde Extension Mining com panv.
 
 
 the Calumet and Arizona smeited and it should not be many months before the big plant is in operation. |, When completed it will be the most modern copper shelter in the world. It will enable the company to increast production and materially reduce costs. and it is understood that il is the intention of the man.
 agement to undertake custom smelt ing upon a much larger scale than heretofore.
 The Dutchman had been repeated : ly and continuously expressing his satisfaction at the condition of the vein. When the question was asked what favorable conditions called forth these appreciative expressions. he answered. Well. it has such good hard. strong walls The gold can't get away
 The Ray Consolidated for the year
 ending December 31. reports net profits ofter charges of $1,929.2G2, which is equal to $1.33 per share. New Radum Find Reported. Augustus Marshall, a Nevada min ing man, has discovered radium in large quantities in pithblende ores in the interior of British New Guinea Mir Marshall is now guid-
 ing party of white men under q strong native guard from Port Moorsby up the Fly river from the Gulf of Papua to the radium fields. Through very reliable source comes the information that the dia- mond drill operating from the bot tom of the S00-foot shaft at the Magma at Superior, is in ore at
 a depth of 1,600 feet.
 Parker Woodman, general mana : ger of the Commonwealth Extension
 company. is in town from the prop
 erty for a few days. The steam power and hoist plant is expected to be in operation within the next ten days. when active sinking on the new shaft will be commenced. This property is in the hands of thorough, practical mining men and is a meri : torious property well worthy of de- velopment. In fact, any one who wouldn't spend money in it's prov ing up shouldn't be a mining man. The Copper Queen company has obtained an extension of time of the bond on it's property near Harshane,