Show CACTUS MINE REDUCES FORCE Management Decides Greatly to Reduce Output Pending Change in Conditions C ABOUT MEN LAID OFF TO MILL ORE MINED IN DEVEL DEVELOPMENT DEVELOPMENT DEVELOPMENT ONLY In obedience to Instructions from the board of ot directors Manager Lafayette Hanchett of at the Newhouse Mines Smelters corporations properties announced yesterday that the tha product of ot the prop property property property erty would be reduced at least and that a heavy percentage of ot the men employed would b bo be laid off oft during the day It is understood that about o of the were released without being given any intimation when they might ml ht return to work For the time being said Manager Hanchett we shall confine contine ourselves strictly to development In the mine The mill or as much of It as is necessary will be run one shift a day to treat the theore theore theore ore that is taken out in the regular course of ot development The that is be being beIng being ing sunk from the tunnel level and which is now nearing the tho mark will be continued as will also the opening up of the ore bodies on the level Development work that is in progress in other portions of ot the mine will be con continued continued continued but there will be no sloping or regulation mining done until conditions improve With absolutely no market ma ket for copper at any price and with fuel condi conditions conditions conditions such that we have to bring coal from tram Illinois at a cost of 1075 per ton laid down at the works it has evidently been considered poor business policy on the part put of at the directors to continue under full lull headway The announcement that the mine was to tobe tobe tobe be virtually closed down came as a most and unwelcome surprise to the street and before it was really known Just what had been done or was contemplated contemplated contemplated plated the stock dropped sharply How Howlong Howlong long the proposition will wiIl continue opera operations operations operations under reefed sails the management probably has no morn mon idea than the pub public lic 11 It is safe sate to presume that a full resumption will not be ordered until theVe Is 19 a substantial change for tor the better betterIn In jn market and money mone conditions |