OCR Text |
Show iiPinoici.F START PRODUCTION Big Copper Property Will Begin Operations on , Large Scale Soon. The Inspiration Consolidated Copper company, the most recent addition to (he newly developed copper mines, wilt vi thin th-in the next few weeks begin operations on a large seale. The I'tah Copper company, the tirst of (he big: developments of low-grade ore has been running .ince 1901 and b;is, ac-L-ordinij to its stntt-nifiits, earned $-10 S7( -000, of wlilrh ?L'5,il6,OoO has been distributed. dis-tributed. The Kay Consolidated and the Chino company, toirether with the Miami, vhi.'h Is praoiki'ily a part or the same ore body as the Inspiration. ;ire the other large produelni: nmd dividend-payins properties prop-erties in this rlastf. The Jnspiration, accord ins? to the plan of Its opMatintf management, with tho piants operated at full capacity, which will be as soon as war conditions in Ku-rop Ku-rop and the copper market permit, will produce in tiie neighborhood of 100. OoO,-00ii OoO,-00ii rounds of copper at S cents a ponfid, alt losts Included. In volume of production produc-tion ft wilt be second only lo tbu I." tali Copper company, which product llS.'jim.-000 llS.'jim.-000 pounds of oppf-r last year, and had It not been for the war would have in all probability produced close to lol,000,000 pounds. The n.ain structure of the Inspiration milling plant has be-i completed and tho installation or" machinei'v, et'-.. i. puinw ahead rnertica Uy. Ti-.e plant has l;en dpiKned wit! i the special view to us! r th so-oa!ii Minerals SVparntlon process of oil flotation. Ir. will be the first plant constructed to be adopted primarily to the vise of this procs.-, on a comprehensive comprehen-sive b.-ab-. and should be t lie last oi a comprehensive p . ale. For morn than a year the companv ban bon experimenting w!Mi a ndll of "0 tons daily rapai'iiv. Th- flotation process I is Ibe most important dfv.-lnprivnt in ben-I ben-I eficiat'np ore.- of rpi cnt years. Thi is .evident bv the fa.-t ha t on Inspiration 1 ores th1 total mil! yavii is expected to i be increased from about TO p--r cent by water prmn'milnn tt abo-it per cent. 1 and pos.blv as b!i;h as 00 per cent by ' corr.binil water :md flotation treatment I The k-n'-ral rr.Tii.ii'cr in charge of T e j properly i ' Z. Mill. Dr. I,. 1 . Kick-I Kick-I e-Ts. coiiHuliinq -tiL,-it -r, also ac'a !d t!,e same canaciiy frr the Anaconda. 'al i-I i-I rfi & Ariz )iia and other cupper companies, compan-ies, w'n i) m inl ne deveinniiients and op-eratinnn op-eratinnn wiil be i:ndir the direct charge, of Keiix Mf-Donnil. The mvirn n y b,i f a bondM Tebf of Sfi.OoO.OOO tir.-u mort'-ajie mnxerTtblr buls and a onv vtibie per r-ont debenture Ir-suo Ir-suo of f (.:.fi''i.nii, both of which wf re under un-der w ri tf '-n a i t h- lime of issue h v y vin . eatea lieade'i b .1. T'. .More. in t'o. T'eie hio .st rone i-inkim.' fund r-rov'tiins i.n bTli isstK-s. T :ie com pa r y ofh'h l y rt per' developed de-veloped more than 'Z .'""i tonw of cood commercial ere. dd!t inn ti h' i It may be a s u m e d from r e c n t e p e r I e n t'n.Lt ore not now nriM''f rn.i coiniren-ifi will become prortl-ie in tiie f.-w yea rs. |