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Show GRANBY COMES BACK LIKE A YOUNGSTER The decision of the Granby directors to proceed with the construction of the smelter at Us Hidden Creek property, without resorting to new financing, should be very satisfactory to stockholders, for that means that Granby should bo able to produce 50,000,000 pounds of copper per annum before the close of 1013, with a capital of but 150,000 shares. Earnings, Earn-ings, now at the rate of $100,000 per month, accrue fast, say Thompson, Towle & Co, It Is estimated by the management that the Granby can produce its Hidden Creek copper for 8 cents per pound, so It is figured it can produce 50,000,000 pounds per annum at a total cost of not more than 0 centB per pound laid down In New York, which would permit of earnings of $20 per share on 15-cent copper, and additional earnings of $3.1,' per share for every 1 cent advance In the price of copper. With such bright prospects ahead stockholders can temporarily forego dividends. divi-dends. Leading lntorests In tho company believe Granby sharea will In time command com-mand a prlco even higher than they have ever sold for In tho past. |