| Show I MINING I I ci F. F W. W Edited SPRAGUE By E. E r JACKLING PREDICTS f CHEAPER PRODUCTION ON f. f i Says Cost For Utah Copper j Will Wi Not Mot Exceed 7 4 3 Cents a Pound Pollock Special Wire L i Jer Jersey e City Jan At the annual meeting oZ ot the Utah Copper company k voted to the or of convertible bonds The Londs bonde will wi bear Interest nt at C cent and per viI ers ere wf be at al holders holders' hold hold- the opton Into stock at 20 a share proceeds to be to IncreasIng Ing 1 to workIng I The They also voted the capital stock from to or Of this j all al but OOOO Is amount to bo ho used l I for lor V dine f for Cor ProM Pro- Pro Conversion or of bonds I Charles hayden laden arid V I D. D Thomison t were added to the an and the tho t r D. D retiring and were Charles re ra HaYden W. W are arc r Identified with wih th the Cumberland Cum Curn- berland Ely and f Nevada re ada Consolidated I companIes M Their election electon to tho tIu Utah L Copper K board means closer relations between the three lh three Properties General S D. D C. C Jackling reS re- re port shoW showed d the etal Copper company's compans earnings for or the year ear ending J year m isn i 1907 1907 to in have hn been The manger manger man- man ger ger ot of January 1 L. L p 1 i rhe operation of ot the Garfield plant up tip to the present time h ha s Garfeld fully proven thi accuracy y of ot the previous pre tuly estimate S although operations cannot bo be at nt their mUm fo lot tal some time to come come At Atti ti this time Ji e the V. V company compan is producing at the 1 rate ralo of oC pounds of oC copper per pcr month at a n cost of lesa les than 8 84 cents per ler pound for tor both plants Of or this OUtput approximately four fifths is 18 coming corIng m from tho the G Garfield l plant at t n a cost un under er 8 S cents per rl pound In In view w ot of our Performance under AVi S conditions which cannot b bo be clancy oi brought brought nU nn until to theIr the thc lr highest degree of or co- co I Garneld plant is In full tun fulli Operation i and ant tho the steam steam shovel cl pits pita pis are arc further opened up thus permitting the most economical working it can en be bc stated with wih confIdence that we ive should twelvemonth be producing B co por or within tho the next not at a cost not to 7 73 7 cen ntH ct-ntH t per pc |
