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Show INSPIRATION COPPER CUTS DOWN COST Inspiration Copper company has been able to effect a somewhat lower production produc-tion cost than prevailed last year duo to the wage cut of six months ago and lower prices for materials, says the. Boston News Bureau. The company did not earn, however, in the past six months the (dividends (divi-dends paid. Today, with 21-cent copper, Inspiration and many of its competitors can easily show dividends unearned. "With a monthly yield of 6,000,000 pounds of copper, Inspiration has been running about one-half capacity. It has been exceedingly ex-ceedingly difficult to get sufficient men in Arizona and much of the available labor has been inefficient. An experimental plant for treating oxide ox-ide ores, of which Inspiration has a considerable con-siderable tonnage, has been completed. The latest estimates indicated that the company had 17.500.0OO tons of ore averaging aver-aging 1. 31 per. cent copper. This material will be tried out in a leaching process. If successful a permanent addition to the equipment will be made. At the beginning of the year Inspiration Inspira-tion had on hand 2S.000.000 pounds of unsold un-sold copper, but sales of the past few months have cut into this stock, although the reduction would have been greater had output been further curtailed. |