Show MAMMOTH MINE IS BIG U S California Bonanza Has In Sight We understand that reserves of ore in the Mammoth mine in lit California owned by b the United States Smelting Refining company are being brought Into sight very ver fast and that as now blocked out there is of net value in sight based on a l cent price for copper says sas the Boston News Bureau As this mine has been under develop ment by the United States Smelting Re fining Milling company less than two years ears this showing Is probably the most remarkable copper development with which Boston capital has been associated in recent years ears With three furnaces the Mammoth com corn company compan pany pan is returning the United States Smelting Refining R fining company at the present time net earnings of or per month The Jast net earnings reported were for tor when they amounted to but since e that time copper bas ban advanced several cents per pound in price The Thie Mammoth company now is doubling the capacity of its smelter from three to six furnaces but it will wIlI be late in the spring before its new Dew furnaces will be in commission Although the Mammoth I smelter was only started a year ago this month it has earned earn d for the twelve months about or in excess of o the t total tal Investment iD estment of the United States Smelting Refining MinIng company compan in ill the Mam fam Mammoth moth n mines nes and smelting plant These earnings alone have been more than suf Ci nt to meet the preferred stock div divid id ments of the United States SJ Si 18 e Refining Mining company Thet The ammoth company Is 15 now earning at ate of per annum and of cours course these earnings will be doubled pIts Its enlarged smelting plant is is placed in i operation |