Show OHIO 01 COPPER HOLDS ANNUAL MEETING ELECTS DIRECTORS At time the annual meeting o of shareholders or of f Ohio Copper CoppI held lato late yesterday In Portland Me tho cho old board bard of or direct direct- o s 01 rs was elected excepting Russel Hopkins hopkins Hop Hop- kins who resigned sorno time timo 10 ago The Tho George are James MacFarlane Ba ln Thomas Thoma Weir N. N J. J Catrow J.P. J.P. J. J P. P Hutchinson F. F Augustus Heinze Heinz Stanley Gifford and Carlos Aside Asido side from this bare announcement the only report regarding Uio meeting was waso S 'S Sto to o tho the effect that from era tho the first of or time the year car to March 31 tho concentrate ship ship- I meats ments from the tho mill mm amounted to I from rom which there was deducted or expenses leaving These f ures were disappointing to many local who were under tho the impression im Sm- Im- Im pre slon tl that t the tho company was WIS lating a Q a profit of or something liko Ilo 1000 1000 a day For a n portion porion of or tho the first frt quarter time the te Ohio Copper CopperS was waa S running one-fourth one ofIs of its Is ts mill mi It I has ha since completed one one- half balf hal of ot the th plant and is running this above capacity but tho earnings havo o been disappointing dis dis- dis appointing as it IB Ss reported that th there re must bo ho some oro RI alterations made In ln th the mill mi plant and that It will nih wi have havo e 11 to bo be b of or equipped to run rn at al full tul capacity tons ons of or crudo crude ore oro dall dally daily before tho the compan company com- com pan any pany can hope hop to make mak tho time profit prof to which It Il is entitled on the grade of or ore that hat Is 13 being mined in this prop- prop ort erty rime Tho ho second interest payment on the time bonds is ald to bo be 1 due duo and time the compan company com corn pany pan has outstanding some obligations aton which must be b met within a n short time according to tho information at t this s end of or the line lino Ino In order to t properly equip the mill mi and discharge whatever accrued obligations tho company has hag on hand the tho directors have planned to dispose o of worth of or bonds now In the treasury So far as Is le known thoro thor has been beon no definite arrn arrangement cent made for tor tho tim of this proposition but It is said Mid that Heinze has lias announced that lie he ic will wi o gi It his entire personal nt- nt tonton now that suits sull pending against him ilm have been disposed of or Local Interests have c been ben dl disappointed over o lr the tho manner In which Ohio Copper has lIas ms been handled Insofar as S financing It t Is concerned Locally the blame has hns been beon put rut on Heinze who has haa been ben unable un- un able ahle to get ct the money moncy that has been needed to lo do development do work and properly properly properly prop prop- erly equip tho the mill plant at Larl Lark Some of ot those thos associated with him hm In the company company com corn pany have claimed that he would not let ct anyone else I o take over the tho tn control neither has ho been able ablo to finance It Iton iton I on his own account |