Show RAY CENTRAL COPPER I 1 blade tribune florence ariz A directors meeting of the ray central cop copper per company of ray pinal final county arizona was held at the new york office last week and the fol owing interesting facts about the property were subsequently given out cut there are tons of ore of commercial value blocked out in the mine ready for extraction at one point in the mine there it is a body of ore sixty feet wide that samples 12 per cent copper this is exceedingly high grade ore the globe and madeline shafts have been connected at the foot level and both shafts have been sunk to a depth of feet A has been sunk from frain the foot level at a point between the two shafts and shows the highest ore developed in the mine the company is now seriously considering the problem of constructing a concentrator to cost and expects to proceed with this work so soon as the question of location shall have been finally settled at present they are in doubt as to whether it would be in the interest of economy to build the mill at the river and transport the ore to it or build the plant at the mine and pump the water supply to it from the river the company has expended in development work and equipment has cash on hand in its treasury is out of debt and has a net sum of available e from bonds already underwritten under written hence is in admirable condition to proceed with its plans and place its property on a dividend bass of 1 per share per annum and at the same time keep a million dollars lars in its reserve fund |