Show NEVADA CON IN THIRD QUARTER pres president dent eccles in his report of operations for the third quarter says of the nevada con of ely nevada nevada consolidated ore boiled moiled mi aled amounted to tons compared with in previous quarter ninety three per cent of tonnage was supplied from pits and seven per cent from the underground workings of the veteran the grade of ore treated averaged average 1 l per cent as compared with per cent for the previous quarter the grade of ore is lower because of necessity of mining at this t me of year ores from the bottom of the pits which are not accessible dur ng the winter vinter months cost per pound copper produced including steptoe plant depreciation and all charges except ore extin extinguishment was 1009 cents as compared with for second quarter and last fiscal year the overburden stripped strapped during the quarter amounted to cubic yards at an expense of of was charged to operating costs balance deferred copper on hand and in transit sold and unsold at end of quarter was pounds inventoried inventories invent oried at cents earnings for quarter were based on cents slightly higher than price realized for copper delivered during the quarter concentrates carry less copper than roi merly on account of character of ore milled wh ch inc increases Teases cost per pound experiments are being carried on looking to cheaper of treat treating ng low grade bilmes produced in milling and which result in reducing percentage of copper in concentrates produced below is given a comparison of results resa ts for the thi rd quarters of the last two years 1913 1912 earnings from finein mine investments and ms m s cel leel laneous dividend no 12 net surplus for quarter less ss depreciation for steptoe Step itoe plant less ore extinguishment original cost of ore in ground net Nete credit to undivided i profits debit |