Deseret Evening News | 1907-09-03 | Page 6 | U. S. Smelting

U S a SMELTING Company Com PUll N Non II v In lii IO m of or All 1 HIal lid Del Monto Stock At the U lb last t mooting of ot the tb board of ot directors director ot of the tM United States State Smelt SmeltIng Ing InK Refining Mining company It was wa d by b a unanimous vote to pur put purchase chase ekas sit all of the minority holdings holdin In III Inthe inthe the Real del Monte ton Mining lIfting company to in Mexico not nt already owned by tb the company which place the smelting molting company In possession on of ot alt ull the capital stock of oC the Mexican con COil concern concern cern Aa As a the tile vendors get et 1514 shares abar of at preferred smelter weller stock tack It U U Ii estimated e that the II Real 1111 w I Idel del Monte onte mine mi obtains er 0 ore In iii sight which will net nat more marC than TItle Thill property produces gold sil cli silver ver var hut but not lead IWI or copper copier One On mill lr IF aare r in lii operation and nd a second ond will begin ta operations In the tall the contraction work botn being now DOW substantially computed Fourteen min IDi mInes have been already Ir or Cr Ire are being opened ol for the extraction of 01 ore 0 and anil from several of ot these thaw ml mines ore or Is I now being sent H t to lo the tit smelter and mille mill The en In charge of ot the property have ha advised the company compan that when hen It is i 3 prepared to Increase lAc Its output a large number of shafts shaft y yIeld yIeldIng d dIng Ing additional ore of ot the same quality quilt can CIUI be opened Th Tb estimated profits from fro this prop property property erty ert for the year 1 are In ceM of ot one all on million dollar dollars and It Is I that till tile profit at t teaM least c should hould bo hi ob eb obtained b f fr i Ott n Indefinite period parted