OCR Text |
Show I MARCH COSTS CUT HEAVILY BY MIAMI ! Eastern advices say that tho Miami ' Copper comp&ny established a new low ost of production in March, when it laid Its copper down In the New York market at an avenge of S.C cents a pound. This is a decrease of 2 rents a pound from die , 1013 overage cost of 10.0 cent.. The high cost of last vcar was due. In sreat part to the cavefn which during the spring mouths stIuufIv hampered i operations nnd lessened production. Tup management estimated the gross lo?s therefrom at about $250,000, this ln-eluding ln-eluding actual cost of repairing rlamnges ' . and probable loss to income through I greatly curtnlled production. J By the nd of the year the Miami mill 'J will have linen rompletely remodclpd to I conform with section fi, which has been rcoverlng two pounds more copper per i ton of ori.- than the rnmalning five units I of the i.'oncentrKtor. |