Show NEWHOUSE MILL Mft TO TOBE 8 BE COMMISSIONED WITHIN 30 DAYS Information from J. J T. T Drummond manager of the tho Newhouse Mines Ines and Smelting corporation is to the effect that the mill mi plant will wi be overhauled o tho the now equipment added and the entire en en- tire tiro plant commissioned not latter Jatter than then July 1 To local Joral shareholders Ers of tho the Cactus this announcement will ni be hailed haile with wih del delight ht as it means that New Newhouse Ne'- Ne' Necy- Necy house stocks will wi soon be on a profIt profi makin making basis i Tho The necessity of chan changing in the tho milling plant became imperative a few fow months month n ago o when it was definitely concluded that the character of the ore oro in this property was chan changed El with depth Tho The saving made by y the old mill mi was do do- creasing as the new ore was hoister hoisted and treated and with the pre ain prevailing low price of copper there thero was no profIt to bo be made malle Alter After makin making a number o of I tests under the direction of Metallurgist Metallurgist gist Bottles Betes of the staff staf it was decided to make malce alterations in in the themi mill mi and at the tho same time a consi considerable considerable consider consider- erable er- er able amount of new equipment was added to give e the plant a larger capac ity iy The rhe saving to bo be made under then the tho n new w method of treatment will wi be bo not nol lower than 80 SO per cent of the tho values w while ie tho the capacity of the milling plant plan will Wl be from 1000 to 1200 tons of crude ore every twenty four hours In addition to to the ores that will wi bo be concentrated which give ivo an average copper value alue of better beter than 3 per cent the tho management still sti has some of the hi high h grade grado oro in the tho mine that can be shipped direct to the smelter In Inthe Inthe Inthe the reorganization of the tho company the tho indebtedness now bein being carried is isto to be he provided for fort and the proposition will wil wi also carry with it an assessment of 1 a share which has been underwritten Tho The mine mine like some of the the- the largest producers in in the state has experienced somo tomb trying times during the tho early stages of development and equipment but it is generally general conceded tha that most of its troubles arc are passed and that with the reorganization and aud the tho commissioning commissioning commil commis commis- of its il mill mi the tho proposition will have smooth sailing saing in the future wll Beaver county mines will wi be benefited benefit benefit- ed by the tho resumption of operations at the Newhouse mine ntine and mill mi With a large force employed in that property and the tho profit account count as large ar e as s should reasonably be he expected the fame of pf that section will wl be heralded in min mm- in ing circles throughout the country and then the tho wisdom of investments of this property will wi be bo seen I CHICAGO CHIAGO PRODUCE CHICAGO June 1 Close I.-Close Close l 1 Wheat 1191 September 1091 December 10 Corn Corn Corn June The July September Sep Sep- December ISle May SOc Oats Oats July Oat July June September Sep Sep- 4 c December Pork Pork- 1937 J Pork July 1937 September 1950 October Lard Lard July July 1107 September R Ribs Ribs July July 1045 September e 1047 h pw Rye Rye Cash Cash tIc g. July SIc September ep Vr Barley BarleY Cash Cash Timothy Timothy September September 90 4 Clover Clover Cash Cash 10 0 October 1025 I March arch O. O 02 |