Show ELYS ELY'S PRODUCERS IN i FINE Earnings of Both Cumberland and Nevada Con Show Increase Cumberland E Ely earned In March exclusive of ot tho the profits of ot tho tile smelter nn and Nevada Northern railroad in which it i owns a 0 0 half in ill In- terest It I is estimated that its Us total earnings are arc now at tho rate rato of oC n nearly arl ti u month or 01 90 cents a 0 share on Oil its Is stock annual annually says Sos So's tho Boston Commercial Commercial Concentrator construction plans are arc being boing considered with a view to so Increasing facilities as to lO give Cumberland Cumberland Cumber Cumber- treat a land El Ely an un opportunity to larger tonnage of or ore at a n minimum of ot expense With Wih present facilities it itIs itis I Is declared that the company will wil produce pro pro- produce duce duco pounds of or copper this tins It a standing among the themore themore themore year giving 0 amonG more Important copper mines or of theUn the Un United States The Tho lel Steptoe concentrator has hns been beon crowding the tho smelter somewhat somewhat annan ann ana an accumulation of or both Cumberland Ely I and Nevada concentrates remains I No ata The smelter facilitates to handle this accumulation are arc near nearly completed The Tile dela delay will wi prove a n blessing In disguise as ns it has hos forced tho the companies to hold a n portion u or of their copper while metal prices have been heen advancing Cumberland Ely kly is making a slightly better heter average re recover recovery recovery re- re than titan cover covery of t the tho o values In Its US ores Nevada Consolidated and the average assa assay value of or Us its Is ore is bettor betor than 3 31 per tier cent copper Nevada Consolidated is rapidly in increasing increasing in- in creasing its production and reducing is Its costs Notwithstanding the tile low Is price of ot copper It earned in n I March which Is In 11 at the rate rato o of 1920 annually equivalent to about 1 25 per share on Its stock Another unit uni Is 18 being added to tho tile concentrator and anda a new furnace is near nearly completed l By fly August Nevada Consolidated Consolidated Con Con- will wi be ho producing at nt tile the rate of or pounds of or copper monthly which will give it earnings of or over 2 a n share shar annually on en the tho present price of or copper and ant about 3 a share on oil a n cent 15 metal market Tho The company's engineers claim dalm that Nevada Nevada Consolidated now has between and tons of ot good commercial ore demonstrated and proved A profit of ot per ton on cm this tins would amount to or nearly more than titan the company's company's com corn pany pany's s capital stock Is selling for or In Inthe Inthe intile the tile marl market et Current operations are adding alding adding to its Us ore reserves steadily |