Show CACTUS cm MINE ni Will I RESUME IN NOVEMBER Samuel Smuel Newhouse Ml said this morning moring tha tt the thc order of bale of or the Cactus mine mie arid and and min mill In Beaver county would bo be b er ef- f- f f he October 21 1 After the sale ule has hI b bce made mad theta there will wil be a 1 meeting of or shareholders In New York and they will Mill wi waive their rl rights hb In In the property to the new nen or organization which Is known ow as the Bouth Utah Mines comp company n This s 's saTe e et to t the the bondholders n will wJ vII out the tue In In- 11 of oC the company bi and the re recent to- to cent as assessment will wf give ho the new ne con con con- ern ample capital with which to bring the property up to a I hi high h standard of ot production Engineers who have inspected the mine recently in the interest Interest- of some ome of the lar largest t shareholders claim that they thoy toY have ha vel very lar large tonnage of COpP copper l ore of or a commercial gre grade blok blocked d out and ana that the tho new zulU mill mi is now DOW a a model plant of the latest typo In addition addIton to the s second cond class s ores ort they tey have a con considerable amount of ot first c class claa stuff that can casi cn bo be broken down own with the thc lov Jow grade grce and give the comp company n a a high recovery recover of or orIale WIth the l reorganisation or of or tho the new company completed it is planned to vo volume re- re lume operations at nt tho the mine and mill mi about but the first firt of oC the month with the tl mill mi capacity Increased to from 1000 to 1200 tons ton a da day tho the management expects ex ex- pets to make an nn average output of about pounds pound pound of or COP copper I a month On the management expects to bo be able to Jho show chow a o. 1 profit of or better than a A month as it Is I estimated that it It can ca be 0 produced for or a R cost of or about S 8 cents a pound Should hould tho the copper markot market condl condi lions Improve it lt would T be an easy aY mate matter mat mat- ter e for the tue company to tho how profits of or ofos os 53 9 much os as a year at this rate and nuil the stock could be ho placed on a 8 dividend divi paying basis at nt an on carl early date |