Bisbee daily review., 1918-12-08
.SHATTUCK SHOWS LESS COPPER IN
 ITS RECOVERY
September Quarter Showed Falling Off in Red Metal, but Mill Opening Gives New Income

The report of the Administrations Copper company for the quarter end
 ing September 90. shows a marked de- crease in the amount of copper mined and in smelter recovery ., Of metal The report in detail follows: There was about the same amount of development work 3sS6 feet as in rho previous quarter. Approximately two-thirds of the new openings were driven in search of experiencing ores, but were not successful in open ing up any new ore Of commercial grade. Small lenses of copper ores wera encountered in crosscuts on the 300 and 400-foot levels, and in inter- mediate level work between the 500 and 900-foot levels. These ore show ings 1re adjacent to old and previous ly explored ore bodies and are prac- tically a continuation of old stoping terr ;tory.
 Promising leached ore territory was explored on the 800 and 500-foot lev els on the Roy Claim without finding commercial ore. The leached ground is found along a wide contact zone between porphyry and limestone, be- ing sufficiently promising to warrant the belief that good ore will be found in this section of the property.
 In the lead-bearing section of the property, development work to block out ore and new main tramming drifts has been driven so that ore eXtrac- ,r-sn I,n ,fvs fn r1lr of the lead mill requirements.
 Production and Costs
 The following is a summary of the mine and smelter production and of operating cost for the quarter:
 Copper ore, dry tons, copper ore smelted, 23.S36; lead ore. dry tons. copper ore smelted, 9,5S9; total pounds copper recovered, 2,041,729; total ounces silver recovered, B, 102; total ounces gold recovered. 332; to- tai pounds lead recovered, 525,024; to- tai pounds lead recovered, 525,024; pounds copper recovered, per dry ton, S7.45; gross operating costs, per pound refined copper. 17.5O4c; less operating credits. 2049c; net operat- ing cost per pound refined copper, 15.410c.
 There were about 1000 tons less ore mined and smelted than during previous quarter, and there was a de crease of about IA pounds in the re- coyery of copper per dry ton smelted. which resulted in less copper produc- tion. The decrease in both gold and silver was due to the same cause.
 The milling Of lead ores started on July 18th at the rate of about 100 tons per day. averaging s per cent lead. 4 ounces silver and $1.00 gold per ton. The tonnage milled at the end of the quarter is approximately 200 tons daily. or one7half capacity. A shortage of power now existing will be remedied in October, permitting capacity operations. The lead pro- duction includes both milled and di- rect shipments.
 Manganese possibilities are being prospected and a small tonnage of ere assaying 40 per cent manganese, is being mined.
 Refining and Marketing
 or the refinery deliveries of copper all was applied against contracts. ex- cept 9.295 pounds. which is unsold and on hand. On account of the re- finedy deliveries being 12O days after shelter production. all of the third quarters production was In transit, and due to reservations of refinery production for government require ments, none of the third quarters pro- duction had been sold. but was car ried on the books at 15c per pound.
 Earnings
 Earnings for the quarter are as fol lows: grass value deliveries all met als. $693, ,674.52; miscellaneous re- ceipts, $1,126.69; interest. $11,211.S4; total. S706.013.11; operating expense. $423 ,534.57; administrative expense. 23.O21OO: total. $446.555.57; net earn ings, S259, ,457.54; less depreciation of mine and mill equipment. S7.S365O; net income from operations plus de- pletion. $251. .621.04