Show BUTTE AND SUPERIOR REPORT advices advises from butte montana state that butte superior in its june quarter reported a net profit of as compared with a deficit of in the first three months of the current year this was equal to 72 cents per share on the of outstanding common stock of 10 par value and was earned on a production of pounds of zinc and ounces of silver in the june quarter of 1918 the company earned 44 cents per share the average price of spelter used in estimating ti the profits of the quarter was cents as against cents in the first quarter the slightly better showing having been predicted early in june as a result of the improvement in price of east st louis sp spelter efter that earnings in iii the curre current nt quarter will exceed the showing made in the three months ended june 30 seems certain from the faett hat both spelter and silver have made sharp advances from the levels which prevailed during the latter part of june another gratifying feature of the report was the furthers fur in mining and milling costs as compared with the first quarter the former having been reduced 42 cents a ton from and the latter 20 cents per ton from the report for the first quarter of the year called attention to the fact that the cost of mining was reduced per ton from the december 31 quarter while the cost of mining and milling had been reduced per ton the july production figures showed 7 pounds of zinc and ounces of silver a decrease of pounds of zinc and ounces of silver as compared with the june output in the litigation with the minerals separation company it was decided that when butte superior used less than 1 per cent of oil in the flotation process it was infringing the patents of the separation company but where it used more it did not the company will therefore continue to use more than 1 per cent as it has demonstrated demonstrate d that satisfactory results can be obtained by the use of more than 1 per cent although there will be a slight increase in the cost of milling due to the additional oil used f 0 |