| Show CACTUS C Conditions Improving Tinder New cw Management Results l the Cactus propel property properly ty of tIle the New house J Minos IlI ies car cor corporation cor II S the Boston Bo toli News Bureau u have h hiV been beell b cn disappointing dl tile the past pt pa Ji il ilmo months mo th but 01 the tho net ne I dency deney of T ii R Drummond who made such lIuch a splendid record re o d as s general man manager ager ILg l of the company y an im condition on of affairs is promised for tOJ the tho Cactus in tile the near futuro future at Ut is now producing about pounds of ot copper per month at ata a profit on 13 4 cent copper tl of about 3 cents per pound Mr Drummond has ha had Hud difficulties to contend with the tho principal ono one no being a serious which ex cx extended ex extended tended to the level 1001 awl and hut hutoff off ore mining from the rich seam scam of chal ch lc which proved so profitable to the tile company a n j ar and luid a half halt ago Th Thele o Is III no reason leason to expect other than that tl lt this rich lieh seam Feam of can Call bo be shipped direct to tile the smelter will willbo willbe bo bl found In below tho tha level l vel or time the lowest level lovel upon which It has hus so 50 far tar been heen mined Mr rr Drummond Is III Introducing tho tIle caving system at the which jis Js is lally ny l 6 Y ij cc mining co costs ts He Ho is also albo ov overhauling ci hauling and an on en the tho mill so 50 that It will bo ha b blo to treat 1000 tons tollS of ot ore oro per day UY The Tue Cactus loins should hould within a i l comparatively short time be bo able 10 to o maintain 1 a it a monthly output of 1000 l OO 00 pounds ji of ot copper oller at lit h 8 1 co CORt oit t or oo ribo no tween eight and nine cents C viiI per pound p nd It can a 1 then Its Us 1 and anel something l for stock l h holders Tile rUe Now house Klines Sm stalled the payment r of 01 dividends years e rs I igo i at t the tile into of 2 per pOl shi per lIeI at annum num but were started tOO Ibo soon so li cm with the tilO bleak br III lit tho of copper from 25 5 cents to 12 accompanied with mining milling g I troubles tho thia company company was was left in iii a 11 not IlOt financial condi condition eO lion tion hiah has 1118 been In a IL tlc e I In ill tho pilco prica of o tho thio shares to J below 5 per pel share c |
