Show ECCLES REPORTS O OTHE OR ON ORTHE II THE THES NEY WEDA ADA CON CONs I I S W r Eccles vice Ic president of the Nevada Consolidated Consul Alining company has haB just JUM made a i L report on the tho ions lious at al this great reat copper estate for forthe the HIP 1151 quarter r of tile l e current year I The Tho production during this period I was vas an follows Pounds O II S I January I February March Total iota The Tho report says sars Under the agreement agre with the Cumberland Ely Copper Cop company the lIw depreciation charge on the he I plant Increased after aCter lan Jan January 1 an annary nary uary 1 1910 from 2 per cent to La 7 percent per percent cent resulting In an nn Increased charge of 1317 for fOI the cr or a II total of 1334 Tho rho average y cost per 1 pound of copper coppet produced etl if based on previous depreciation rate would have hi been lioen cents but tills this iu in increased creased depreciation charge charRO tho ho cost coat I per pOl pound of oC copper for the quarter II IB is 7 cents alter after crediting tho the cost I of copper with the Income from the Nevada Northern railway Steptoe Val Valley ley Icy Smelting and Mining Company and Cumberland Ely Copper Copler company compan Investments As the tho Nevada Con Conno oll I dated owns all but bul per cent of the capital stock of the 1110 Cumberland lEI Ely Copper company compan the reserve de tie depreciation predation fund being thus created in Inv inures InI tires ures to the benefit t of the thC Con Consolidated I I |