Salt Lake Herald-Republican | 1918-08-25 | Page 38 | Nevada Consolidated Statement for Second Quarter 1918 Show Cost 17 Cents Pound; Profits Are Big

NEVADA CONSOliDATED STATEMENT FOR I SECOND QUARTER 1918 1910 SHOWS COST 17 CENTS POUND PROfiTS ARE BIG Detailed financial and ami production re reports re- re compares with or 15 cents cent 1 a ports of oC the Iho Nevada Consolidated Copper Cop Cop- share for the tho preceding quarter of ot 1918 1915 per company compan for tho second quarter of ot and with or a share for tor 1918 1915 shows a n profit of ot This the tho second quarter of at last year Is H equivalent to 10 a a. share which Operations for tho the quarter endo June 30 30 1918 1915 compare comparo as follows 11 1916 Ini 1917 In 1915 Earnings GIGi l 5 Depreciation etc SOG Balance Dividends i n Red Hod Cross Crosa i. i Surplus 5 Equivalent to a n share earned In three months on capital stock of 5 par value or at tho the annual rate rato of oC a n share The balance balanco sheet as of oC June 30 1 1918 1913 18 compares as follows ASS tS ITS June 30 10 IS Dec Dec Dec 31 15 Property Properly account 84 1 5 Investments O Decd charges Materials u. u Accounts recorded 1727 Depreciated accounts i. i 1 4 Inventory 77 Securities II Cash Cast 3 i Total O 31 1057 IH 9 IIA 11 l 1111 CS Capital stock alock 99 5 5 Accounts payable G 1 Refining charges 13 9 Accrued J taxes s Nevada Northern rn railway 1 Capital surplus 50 P. P I. I surplus Total 51 Costs Coats for tor tho the quarter Include set aside to cover coyer accrued county state bullion and federal taxes s also 2 representing Increased refining charges chars Cost per pound of ot copper produced Including plant depreciation and all charges and without credit for rOI gold silver or miscellaneous earnings was cents cent a pound as compared with 1807 1507 cents a pound for Cor previous quarter Miscellaneous Income Including including ing that from gold and silver amounted to 61 2 cents a pound for the second quarter compared to 43 cents for the tho first quarter Production during the first two quarters quarters quarters of 1918 by months was as aa f follows First t quarter quarter- Pounds J January a n u a r G 2 February March larch Total Total Second quarter quarter- Pounds i April May June Total During the quarter dry tons ton of oC Nevada Consolidated ore are averaging 1 per cent copper were cro milled mined as compared with 9 dr dry tons averaging averaging aver nVer- aging 17 per cent copper for tor tho the previous pre pre- previous quarter Of Or tonnage milled CC 66 per cent was supplied from the tho pit and 34 3 per cent from underground workings of oC tho the Ruth mine In addition to the above tons of ot Consolidated Cop- Cop company oro were milled