The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-11-13
lotat .s....,..,-.2 .2S, sSi.1bi
Average monthly production,

96I. 4Ss lbs.
During the quarter there WAS treat
ed at both plants total OF @.03o,-
3sl tons OF ore, as compared with
1,?l0.21f tons OF ore for the previous
quarter. OF this tonnage, the Magma
plant niiled about 90 per cent and the
Arthur plant about - per cent. The
average grade OF the ore was 1.2459
per cent copper, as compared with
LIS per cent copper for the previous
quarter.
For reasons explained in previous
quarterly reports. 1t was necessary
to mine the bulk OF the orc from the
low grade area near the northerly
limit OF the deposit. By the end OF
October. the conditions as applying TO
the upper stripping levels will he
such that some OF the intermediate
ore shoVelS that have been working
In this low grade material, can be
moved back into the better grade of
ore. and there will therefore be a
gradual improvement In the average
value OF the ore during the last two
months OF this year.
The average cost per pound OF net
copper produced during the quarter,
after allowing for srnelter deduc-
tions and without crediting miscel-
laneous income, was 9.05S cents, as
second quarter OF 1913. II the net
miscellaneous earnings in Utah, In
cluding those from tine bingham &
Garfield railway, were credited TO the
cost OF operations. the net cost per
pound for the quarter would be s.1ST
cents. The low grade OF the ore
treated was responsible for the COM
paratively high cost OF production.
The following tabulation shows the
financial results OF the operations Of
your company for the quarter, as
compared with the second quarter or
The year:
Sd otter I'd q't.r,
Net prof; from milling
operations .........sls sIs ssf i5 $i.sSe. .o7o .Ta
Other Income. rents. etc.
in Utah ...-........... li.s57.Ss u.tA.7s
Income from NeV. Con.
Cop Co. diydcndg.... as, 80 40. l61. ~
Total no, Us1ofit for the
quafie. .s2. .no .@l "a -ls,Ieo Us
Dividends pnid ...... 1873 So. 90 .1s6. 81. 30
Net surplus toF si.ois 20! 81 sios2. 0.6t
The earnings for The quarter are
computed on the basis Of 10 cents
per pound FOR copper. The total
amount or copper on hand and In
transit (sold and unsold) at the end
OF the quarter was 32,053.7s9 pounds.
The unsold portion of copper on hand
and in transit is inVentoried at
slightly under l2a cents per pound,
AZ the close Of the quarter, no copper
uut lpI uSliNtl lIpitl TIC
manned uusold.
Both plants were in continuous op-
era ton throughout the quarter, and
exceeded all previous records as to
tonnage handled. having averaged a
little over $4,000 tons per day for the
qua rter. During the month OF Sep
tcmber the plants mllled an average
OF about $4,000 tons daily.
Good progress was made in strip
ping. During the period there was
removed a total OF l.i22. 2S4 cubic
yards OF Gaping. "A. compared with
l.225.343 cubic yards removed during
the second quarter OF 1913. being an
increase OF l96,941 cubic yards
The Bingham & Garfield railway
handled the largest tonnage OF ore
and commercial freight in its history,
en- average of i6,OlS tons of ore per
day having been transported from the
mines 10 the mills, as compa red with
an average OF lf.s55 tons per day for
the previous quarter, An average OF
1896 tons per day OF other freight
was transported over the line, ms
compared with 1928 tons per day for
the second quarter OF 1919. The pas
senger receipts for the quarter were
the largest in the history OF the road.