Show I Cactus Copper Co r Mine Mi of of I s se Mines and Smelters lIt 1113 Mines Minos Smelters T corporation owns own the Cactus dactus and andS S 12 other othel patented mining ng claims cl i iIII lu III tile the San mining die dis district In Jn Beaver county c containing cont In all acres of ot compact territory In to this Is the placer i consisting cons of IBS acres besides besl le lands and the thc With Wail Wall springs and water system comprising acres Ono One of ot tho the most moat Important assets Is in inthe the tho Wah Wab Wah Wan springs which furnish a constant water water supply of ot about 1200 gallons p per r minute collected In a I reser roser reservoir voir and conveyed ed by gravity to the tio mill at This Is the onI only water Irater supply within 20 miles Upon the tho the company compan has haa erected ere a II modern oro oo concentrating mill of oC SOO tons tonn daily capacity Tho mine Is III opened by 11 a shaft of feet teet deep from Crom which aro extend ed ott six levels approximately apart tho the sixth level lovel connecting with ie ie i a th so ed ourore maintains the average grade of the tho I n ln It Is proposed to continuo do d in the near fu tu ture upon the tho GOO SOO and levels level i 0 iMi f Mi M says sn s of ot j drifts and crosscuts and foot t ot ot of oti i e run during Some 18 per pel cent was don i the level hovel Work Worl roil IJ o 1 wh full force S S j pet oct 31 ii 1907 when because ot or inability to market copper it to 10 per cent ot normal Dec D c 1 the force was vas increased to t 50 lIer cent T anti and has ha sinco sin co been to 0 ce lt i A A total of oC tons of ore were milled of all 1111 but tons vas i millIng oro Tho d tons or of toll total 1 pounds or and Pf r cured Copper Coppel production cost rents cuts on ts per Total cost freight smelting sm and a was yas ns 1050 cents per peI pound pou v i Tho The balance J sheet as 1 of Juno 5 30 1908 1903 S shows S t Assets i oll nal cot cost Development Doel June 30 1907 1007 Add I 2011 Sinking fund f nd bonds betide purchased 1000 1110 Office furnIture mv In copper gold silver S Mine and mill supplies Treasury stock tock 00 Insurance 1033 ios Sundry debtors int S P L A S advertising L i Cash Cu h Total Liabilities LI s Stock at 10 share First m G 6 per ver cent bonds Adv All Al from U M I Sell SoS Accounts payable pa Sundry creditors depreciation General profit and loss i Total Since Sinco Issuing tho the foregoing report many changes for IOV the Iho better have havo been beon the thc properties corn como pany parly under u the th direction tJ n of ot T 1 R it Drummond who became general mana mann manager manager ger of oC the tho company on Dec Dee 1 last New Now devices have haVo been boen Installed In the th mill I which will minimize milling costs and ind Mr 1111 Drummond Is shaping the tho mine I for fol more marc economical operation In the tle future Late Lato developments have navo been boon of ot a a highly gratifying character and during the year veal 1909 1900 the mine will un record a very velY largo large pro The Ilie Cactus Is la one omo of ot the tIme great Ireat copper mines milles of ot the tho state and IB Is destined to become one of ot its Ita prin principal prIncipal principal cipal dividend payers I r |