Show OHIO COPPER NOW NOV I IN BET BETTER SHAPE t i Encouraging News Received Receive 1 by Stockholders During P Past as t Y Year ear i I t COMPANY IS 8 REORGANIZED I l I j t Profits Are Increasing Ever Every I 4 f I Month and Prod Production 2000 Tons Daily Daiy 1 During tho tile past paIL thirty days Ms a number num- num l q ber tier of ot encouraging announcements announcement have havo como to bring brine tho the smile smie back to tc the thc faces fitce of ot Ohio Copper Mining com com- 1 I 1 pany stockholders ert who ho have stuck t to toI the old old Od ship through tho man many UP ups i t and downs that havo be beset ct It H. Tho ThoI They 1 t are arc as us follows follow p First the announcement from ho New York head office in November L that In compliance with wib the reorganization plan th the debts were ere being can can- Cn- Cn of or having rapidly one just been liquidated Secondly word that that the October profits showed an Increase se of oC fl l over those of Septem September er and that ro- ro No Not 0 showed an hl Increase easo of ot net nel net t 0 October of ot r F profits over o Thirdly that one day dy last week th the i imm mill mm handled a 0 total of 2400 OO tons ol of ot r ore In the da day its is h heaviest lest a treatment L tonnage no doubt for for several months month or since the strike This argues still stil sti i r r t heavier profits for December r over o I of November I Three Profit 1 I rio Tho profits for tOl the he past paH thre I months arc are given out officially as follows follow's fol- fol I Ios lows low September 2 October and November ember 2500 2500 a total tota I of ot for the three o months Ohio Copper Coppel Is one of or the big mines mine of or one of oC the greatest mm min min- ling ing districts In the tho world It embraces f T t about bout 1000 1100 acres alongside the Utah 1 t J Copper Before tho the strike tl e it was em cm- f p plo at normal a a. large force emt ol of ot ott t L ti men nen approximately at the mill nil anc and andr I f r 1 5 at t the mine That hat it has ancI I and tind actually treated in its is mill mil over r OIO tons In fn a da day averaging mo more than 2000 tons dal daily or for the thc month gives a fair air Idea of Its Importance It ii Itis I L is now averaging about 2000 00 tons lons o of ur r ore daily laly with but two units unis of the unit four-unit mill mm in operation When hen th the tho third Is completed the tonna tonnage e treated I every 21 i hours should e exceed 00 tons tons and this condition should add materially ma ma- to the monthly r profits of the th company For tho the si six montis months ending April prU 1 1 there tere was wa mined 1068 tons ton of ot or ore averaging 1176 per pel cent from which I there was made pounds S n rf rt r copper according according- lo to an of official re 12 ort At that time the total cash port sur sur- ulus t ta was fi Since thit timI 3 tm j each ach mo month tl-hils-s tl las has shown ow ian i profits ranging rangin Y Yg g from to about bout Un Una Been e n Reorganized During the past year the company compan 1 was was reorganized and under the plan pIau cleaned ceane from the slate late its is entire floatIng float float- floatIng oat oat- Ing indebtedness and started out in ii i better shape than in years At the Iho i head of this movement were the following fol- fol 1 lowing new cw directors V. O. O Allison president president of the National Reserve bank of or New ew Tork York City F. F Augustus ugustus I 1 I Jle J. J F. F PIerson Stanley Stanlcy GIf Gilford ford and and Ind T C. C Montgomery They took Giford up the financial end arid and n arc ar rapidly pulling pull pull- jn ins ing Ohio out of it its Is J past st troubles Locally Al l Frank Prank Is the general 4 manager He lie le is an m indefatigable worker He and Superintendent W Y A. A Kidney of or the mill mil are ae leaving Iea not a astone astone a stone unturned that will wil bring bring- success to both mine and mill mm The They are re showIng showIng showIng show- show Ing a reduction in the cost of ot mining transportation and treatment which promises with a larger tonnage handled hand hand- led Jed this year ear than ever er before In tho the history of ot the company substantial profits for tor ever every month of ot the year car 1912 The mine has las been developed b by a main incline shaft which 1 is down 1400 1 feet and by tho the tunnel which Js Is about three miles mies in tn len length th This tunnel is ts splendidly ly equipped an and conveniently con con- connects the mine with th the tho bier bif mill mUl rUl at Lark The year 1913 should bo be b by far tar the the i most profitable year ear In the history of Ohio Copper |