Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1917-06-17

Dividends since the war have been very
much more than for any other period in the
history Of the Old Dominion.
For the year ending December 81, 1910, the
Old Dominion company paid six per cent Oh
its issued stock 1898, 245 shares at $25 par)
and ended the year with surplus of $115,94S,
of which $44641 was due to 1910 operations.
The company reports cost per ton ore of
1857 for this year, divided as follows: Min
ing, $5.171; concentrating, $0.405; smelling
and converting, $3101 The corresponding
figures for 1909 were: $5.06, So 408, S.. 3332 a
total Of 1882. The average smelling ore mined
carried 1856 per cent copper and the concen-
traing ore 3.49 per cent, there being 1890
and $4,000 tons Of the respective grades. Con-
centrating costs per ton OF ore concentrated
were $0975 and smelling costs per ton Of new
charge were 1926 The cost Of converting
per pound Of fine copper was $O004o4 40
On the twelfth level there was completed an
installation of Nordberg Corliss engines driv-
ing duplex pumps, the total capacity being g.,
100000 gallons per day. The water during the
year had been less than formerly, varying
100000 in July, and thence up to 3,S16,000
in December Tests showed that the water
from the lowest end of the mine was pure, so
that one Of the twelfth level pumps supplied
water for the companys supply. Water was
also furnished to the city of Globe during the
summer months, and the Miami company was
contracting for 100000 gallons per day.
Production for the year from the Old Do
minion ores was 17,712, 755 pounds of fine cop
per- SO, 743 ounces of silver and 1873 ounces Of
gold. From custom ores 10,02S577 pounds
fine copper, 1O9,65S ounces silver and 1,636
ounces gold in 20,O10900 pounds Of blister
copper. Production for 1911 was expected to
be about the same
The United Globe mines development was
done through the Old Dominion mines in 1910,
there being thus performed 1912 feet Of work.
About $4,000 tons Of low grade siiceous ores
were shipped to the Copper Queen smelter for
converter lining, beside various smaller lots
of high grade ore. Developments during the
year were considered satisfactory. The Old
Dominion paid dividends during the year of
II per cent, and carried forward surplus of
$1,000, 125; the United Globe paid no dividend
this year, but carried forward surplus of
pOof,1oO, on 9z,oUU,UUU outstanding StOck.
1911
During this year the Old Dominion com
pany produced 26, 49,, 019 pounds Of fine cop
per, 132, 722 ounces silver and 1881 ounces Of
gold, Of which 19195,1S1 pounds of copper,
42,051 ounces Of silver and 936 ounces Of gold
came from it's own ores. The copper sold for
an average of 1899 cents per pound and cost
1865 cents per pound at Globe after deducting
gold and silver receipts, or 9.15 cents per
pound at New York
Development work in 1911 consisted of 1900
feet of drifts, 2,560 feet Of raises, 1919 feet Of
shaft, and 80 feet of wines in the Old Domin-
ion vein. The average grade mined was 584
per cent copper (7.75 per cent for the smelt-
ing ore and $50 per cent for the concentrat-
ing), at an average cost of $410 per ton, as
against $5.17 in 1910
Lessees mined 5,37S tons of iron flux from
the upper levels and 25S tons of smelter ore,
and 2,219 tons of saliceous converting lining
from the Keystone, while about $4,000 tons Of
smelling ore were obtained by working over
the old Slopes from the second to the eleventh