The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-18
RAY CONSOLIDATED
Melted $780, ,485
Profits Increase Over Previ-
GUS Year More Than
500, 900.

The toal operating profits OF Ray Con-
| solidated for 1913, as shown by Its an
nual report. wero $3.50. 4&5 az compared
with So. O69. 903 for 1912.
The detailed report for the quarter end
ed December 81, 1913, shows profits
| amounting to $T31. .?66. including earnings
| OF the Ray e. ella Valley Railroad COM
| pany. This compares with S5TS,62l for
| the corresponding quarter last year, and
| with 1861, ,OS5 for the quarter ended Sep
! Ienlber 80, 1919.
Production of copper. in pounds. for the
| quarter, az compared with the previous
| quarters. is as follows.
First month-Fourth quarter 4,sIl, o6e
| third quarter, 4,097, ,004, second quarter,
4,5l4 4,565: first quarter, S.S69,oo6.
Second month-Fourth quarter. 1900.
| ao4; third quarter. d,40l .5s5; second quar-
| ter, 1896, ,217; first quarter. 4.077.s1s,
Third month-Fourth quarter, o,232, l6
4,3sS6l2; first quarter, 4. .422, sis:
Total-Fourth quarter, l6,Oo4, third
quarter 12.o69,12o, second quarter. 12,-
do2,5s4; first quarter. l2.269,G96.
Average monthly production-tourth
quarter. 5,o01,57s third quarter, s.323.04o;
| second quarter, 4,467.465; first quarter. a.
In addition to copper contained In con-
centratcs. there was produced 43,6is
pounds OF copper from ores shipped direct
TO the smelter, This production combined
with that derived from concentrates.
| makes the total copper production Tor the
quarter 10, 2dS, S65 pounds,
Total amount OF ore milled for the
quarter was 665,024 tons averaging 1:7l62
tons, averaging LIZ per cent for the third
| quarter. and oS7,S77 tons. averaging 1,7O
per cent copper for the second quarter,
and 53l, 2Oo tons, averaging La per cent
daily average OF 1929 tons for the fourth
quarter. 6252 for the third quarter, $3.50
for the second quarter and 1909 for the
first quarter.
Average mill recovery for the quarter
was 65.173 per cent The mill saving in
creased but slightly during the quarter,
ments which were mentioned in the last
quarterly report. In order to apply these
II has been necessary TO interfere consid
erahly with regular operations. and TINS
condition, coupled with the Increase OF
tonnage, has prevented a higher extrac-
ton, Expense OF these changes has been
included In the operating expenditures,
and is reflected in the slightly higher
oI.I39 cents per ton. as compared with
57.l23 cents for the third quarter. Az
erage mining and coarse crushing cost for
the quarter was i0,16S cents per ton. OF
which 1897 cents was charged to coarse
crushing leaving the net mining cost
81: :l31 cents per ton. as compared win
433 cents FOR the third quarter, 1913
for the second quarter and T2.112 for the
first quarter.
Average cost per pound for net copper
produced for the quarter. after allowing
for smelter deductions. and applying the
earnings OF the Ray & ella Valley as a
credit to operations, was 9,9S0l cents, as
compared with 10.15o cents for the third
quarter 955S cents for the second quar-
ter, and 3 0096 cents for the first quarter,
This indicates an average cost per pound
for the year OF 9.S0S7 cents. This cost
includes all operating and general
charges as well as a charge OF 12A cents
per ton for mine development extinguish-
ment, this being equivalent to STAB cent
per pound for the copper produced during
the quarter and .569 cent per pound for
the total production for the year.
Earnings are based upon a price OF
1881 cents per pound for the quarter.
Total amount Of copper on hand and in
transit (sold and unsold) at the close OF
the quarter was 20413,37 pounds, the un-
sold portion OF which Is inyentoried at Il
cents per pound
AT the close Of the quarter all con-
struction had been completed, except as
TO some minor improvements in certain
portions Of the concentrating depart
ment. The property as a whole has dem
onstrated its ability to fulfill predictions
made in the past, At the time of mailing
this report the tonnage mined and milled
has reached pra ctically 5000 tons per day,
and ii Is expected that this rate Will be
maintained in the future.