Salt Lake Tribune | 1913-02-04 | Page 10 | Montreal Has Large and Rich Ore Body

MONTREAL HAS LARGE AND RICH ORE BODY Tho lnlel reports from tho Montreal groui In Beaver county are to the ef-foct ef-foct (hat for a length of slxty-fivo feet thc new ore body lias been opened for a width of between forty-five and fifty fuoL Carlot shipments range from 5 to 10 por cent copper, with gold and silver sil-ver rallies aa well. Over four cars a weok aro bcliiFT shipped to the Bineltera, Thirty tons dally or moi'o are bclnsr extracted ex-tracted lu development, work. Oro and Bullion. The oro and bullion report for Monday, Mon-day, given by McCornlck &. Co., was aa follows: Ore received, $115,000; bullion shipped, 345,000; total, -560,000. , Metal Market. The metal quotatlonn for Monday, posted post-ed by McCornlck & Co., worg as follows: fol-lows: Silver, C26c; la3, $4.S5; copper, $lR.77c. Mining ITobos. Tho weakness In the oast of Ohio" Copper Cop-per Monday was atatcd to bo due to publlo aolllns. lack of Ineido support and to the policy of alienee puraued by tho offlclnla. Ono report had It that no nn-nual nn-nual roport would be issued thlff year. The lfil!5 earnings of the Anaconda Copper company aro eotimatcd at $18.-000,000, $18.-000,000, whilo tho per pound cost of copper cop-per production i'b about 10 cents, agaltiBt 9i cents last year. Tho Increased cOBt Is duo to higher wages paid and to Increased In-creased expenditures in equipping tho varlouo minear. During tho quarter endlnc December 31, 1012, the Goldfleld Coneolldated company com-pany treated 86,29-1 dry tons of ore, tho total value of which wan 51.265.7S2. The coses woro $fil0.24S, leaving not profits for the quartor of 5745,584. Thla Is at the rate of ?2,9S2.13G por annum, and there are outstanding S.659,143 shares of stock.