Show GRANBY MAKES RECORD can mine smelt and market copper at a net cost of 8 cents per pound special correspondence grand forks B C dec 22 the promise of tile the granby smelting smelling Sm elting company to its stockholders that when the hidden creek smelter was operating properly it would produce blister copper at a less cost than any other blast furnace plant on the continent has been fulfilled according to the report for october which states that the nel earnings for the month were with but two of the furnaces at hidden creek operating during the month the gross earnings were figuring the output at the prices quoted last week estimating the product at the prices prevailing during the period covered by the report the value ot of the output would be an excellent showing anyway the ore treated at the smelter was dry tons all from the hidden creek mines and the cost of the pounds of blister copper extracted on the docks at granby bay ready to be shipped was 6 cents a pound making the total mining smelting smelling sm elting and marketing expense but 8 cents a pound the lowest cost record ever announced in addition to the blister copper now worth the gold rec recovery overy was ounces of gold at and the silver extraction was ounces or making the total operations have been resumed at the granby companas comp anys smelter at grand forks after a complete suspension of a number of weeks due to the european war and with the increase in copper prices spokane stockholders predict that the granby directors will declare intermittent dividends even while hostilities continue and that regular payments will be resumed as soon as die che war ends with copper averaging 16 cents the pound which dealers predict will be the minimum when peace is restored grancy can earn net monthly with the hidden creek and forks plants operating at ai capacity in addition to creating a sinking fund to take care of the bonded indebtedness |