Salt Lake Telegram | 1914-11-13 | Page 21 | Local News

The These earnings earning arc are based cd on all carrying price of at 12 cents per pound for lor cop per Cr for tor tho third quarter as ae compared to cents for tor tho the quarter and UA 1 1 coats for tor the tue first quarter Tho Tue total amount of or copper on hand band and In transit sold and at nt tho the end endor of or the quarter was pounds pound Durin During the quarter r 1500 1510 par value first mor mortgage Fo bonda wet were ft converted Into Inlo stock IStock leaving only 1500 t mortgage bonds bonda outstanding Tb The Tho Issued d capital stock at nt tho of the quarter was shares Continue Stripping During tho the quarter t theer was waa removed a It total of cubic yards 11 o of stripping strip strip- pIn ping an ns compared compare to I cubic yards for COr tho the previous quarter cr The he R cost of or stripping for tor tho the third quarter was as 32 76 cents per cubic cubio yard ard ns as t 2071 cents pet per cubic yard ard for or the nu qua quarter Tho The co cost t of mining oro ore for tor tIre tho third quarter was wan RIt 2178 2173 cents cent per ton a as compared corn com pared to 20 2042 colitis cents for or th the second ter tor all all' and 1 cents to for I the tho first t quarter About the tire of August tho now I t to th the tue plant Vy Uy thu thlE method much coarse H fc oio CH escaped p d detection dot toh and canoed serious uc delays and in iii qU mill unloading and Jd handling at th Th Tire inow now new ns Plant obviates M tl N difficulty also and has therefore role re re re- suited in substantial as ns regards both mine mins a and lid ad mill operations The Tho operations for tur or tho ho quarter were ero tree nee from iota interruption or fIr r unusual Incident e c pt as to tho die curtailment of ot output covered co bv Lv r pre r bus lous discussion In con coit- coit wellon with tills iris this employees m wore given en tho ho option of or retaining positions working half halt time In Iii to avoid Mold total loss of oC employment and consequent quent to tho ho ex ex cx- tent and ut nt t tho the cairn tamn time to preserve the operating organization or to fullest lh 1 If that tha t conditions condition would r rr rr- rr r the tho low costs casU to lIl which h pr previous reference has lias bron made lIu the tho and all nil It Ha tIm equipment Is 13 be be- lug Inn maintained In first class class' operating in iii with the stan stan- t of ot the time pa past t. t Respectfully f f C. C M. M M 1 MACNEILL D. D 0 C. Managing Director r I