Show OHIO COPPER WILL WHITE ITS MILL HI IT AN EARLY DAlE DAIE Estimates fO 1 being made lJ by Man Man- IJ iger cr CoUn Mcintosh his corps of eu engineers for fur tho the installation of the time now v equipment which is to ho bo mado aLthe at aL the tho Ohio Copper mill at Lark As suon us liS hi bids arc ore received crl an nn award will bo I made mado and within sixty days after tho the machinery has been heen delivered at nt tho the plant tho thin mill will he be running at full capacity of better than tons of crude crudo ore a R ha day This is in line hue with announcement that has lust just been on made mado by hy F. F Au Augustus ustus Heinze that arrangements arran had bad been completed for the sale salo of worth of Ohio Copper bonds in ill Eu Eu- rope This financing was done by and h recently and immediately im un- mediately thereafter Mr Ir Mcintosh h left for this country leaving Mr to work out the details About n a week after the departure of Mr McIntosh he was followed b by Mr who upon his arrival in New Neis' York made mado the formal announcement that ho be had completed com corn tho the deal for the money With this money flip com company can discharge its entire floating indebtedness complete com corn pleto its s mill mm and have ample amplo working capital to develop the tho mine more mare extensively ex ox and meet any emergency that may mar arise Ohio Copper is now treating an average average aver aver- age of 1650 tons of crude ore daily with its mill running at half capacity This oro ore is being mined milled and transported to the tiro Garfield smelting plant at an average cost of 80 cents to the tho ton A high savings ings is ia being mado made as the tho concentrates show about 29 per cent copper with an excess of iron Upwards of will be made during the present month while vb le ea cavi- cavi ings ins of not less than a year rear can be made mado when tho the mill is is running at full capacity The Tho proportionate cost of production can be he cut down considerable considerable con can as the mill capacity is in in in- in creased Tho The mone money to be bo paid for new equipment f will be read ready as quickly as the tho en engineers can complete the estimates estimates esti esti- mates and accept a bid I |