Show MIAMI COPPER COST UNDER NINE NIN CENTS DURING THIS TUIS YEAR YR Miami Copper company produced Its Is copper during the first half of ot 1912 at t a acost acost acost cost of slightly below 9 cents During that period perio Urn the average price of oC copper was wn 15 c cents nt a n pound lea leaving Ing a a full rn 6 cents per pound profit While ie Miami could well wel afford to Increase in increase in In- erM crease e Its If dividend beyond the 2 r rate te already established the management has ha ahead of it the problem of whether or not notto notto notto to enlarge Its Is milling capacity The four comprising the tho concentrator conceit concen were built bui to treat 2000 tons dally daily daly For Ir some time past pad they thoy have been handling han ban hn- hn dung I In excess of tons tons a day running running run run- ning some days das better beUr than tha 2300 tons O Of late Jato Miami's has hae been r recovery cory co ry up to to-TO to 70 per cent cent During DurnI the period of ot high priced copper th the management has b h not been forced fored to keep such close cose watch oft of I Iti t reco recovery recovery- which In the past has not been een as high as a might be bo desired The Thenet I net fact that the tho mill mi has baa hi been able ablo to handle i 50 lD 0 per pr cent more tonnage than was waa as org Inal nally planned has hos in many r respects offset i any earlier disappointments in inthe Ue the matter mater of recovery re ory Miami produced In August AuGst tons of i con concentrates averaging n close dose to 36 per percent percent cent ent copper which will wi yield a about bout 2900 00 00 pounds of or copper There were wore tons tone of ore oro or mined d and milled and nd feet of ot development work done during dur dur- In ing ng th month Tho The mill mI recovery recover reCO eT was about 70 per cent The Tie fourth horsepower holler boiler is ts beins beng be be- In ins ng Installed in the thc power house at Miami and when It Il is II finished the second air ar compressor will be bE placed in operation Two churn chur drills are at work ork de develop develop- lop lop- Ins ng the tho northeast territory and diamond drilling continues on the foot level avel Foundations ns are ae being laid ald for the new steel and concrete for the the miners and the con construction trl of a large now hospital Jointly with wih the Inspiration company compan line Ins been started About 1000 men are aro are employed Inspiration Work Vork About men are aro employed at n in tn development and construction work The main man west est shaft hatt was W sunk 16 feet teet In n August and and Is 18 now o over or r 3 O feet teet deep The main man cast shaft Is over ISO feet deep laving having been sunk funk feet in AUg August t. t which is claimed to 7 be the Ie record ord in the United Stae States for tor a thre compartment three shaft haft Th The company line has contracted with wih the he United States reclamation service Ice to take ake Ic Ie w. w of ot electric electrio power pOr from th he the Roosevelt ell dam about forty Cort miles distant and end has hs begun surveying sur for tor the tho line lne The government dO does 8 not guarantee continuous service serice how how- ever ver and ad tho the Inspiration company will wJ build an ai a em emergency steam stem power plant of k w. w capacity |