Ogden Evening Standard | 1910-08-16 | Page 8 | Say Nevada Con Will Cut Output

only seven of the eight units of Hip concentrating plant. Reduction of outp;;t by a UiiKg?-holm UiiKg?-holm compauy 5s naturally roKardJ as significant." indicating that there is more than Idle talk in the plans for general curtailment by the large companies. com-panies. That a general reduction of 15 percent will bring quick results In caring for the surplus, with cons--rpjent ftnddcn effect upon the metal market there can be no question. SAY NEVADA CON. WILL CUT OUTPUT Boston Advices Ari That Order Is C.'vcn o Reduce 15 pr Cont. What s taken lo be a move in the General scheme of reduction of the copper nuMmt Is the order wired from Hosioo to Ely li curtail by 15 per cent the nroduct.on of copper from the Ster.too plant, which will result in a monthly production of about 3.0im.i,(miii pounds of .copper instead of C.OOii.nOO peends ai formerly. That Nevada Consolidated upon the lesKtr production ordered will be able to maintain divldond at the rate of St.r0 a vear there' is no question, ac cording to a statement attributed to a d. rector of ihe company. Assurance of this la provided by the company's having recently Installed equipment which makes possible a remarkably low operating cost. For both Way and Jnno tho net cost of Nevada Consolidated cooper was under six cents a pound, which made lhat comnany the lowest cost pro- ducer in tho country. Such costs were accomplished with tho treatment of 2 per cent oro and with tlio operation of