Show BOSTON CONSOLIDATED GETS fETS GOOD RESULTS No Longer Question That Its Is Mill Mi Is Doing Fine Work HANDSOME PROFITS AHEAD Earnings From Porphyry Ore Should Correspond With Utah Coppers Copper's Boston Doston Consolidated says sass SS S'S George L. L Walker In his weekly market letter leter is obtaining better beter results than is generally gen gen- en- en orally ly el-ly believed lIe IIo lu then quotes a a minIng mining min min- ing Ing en engineer who Is on the tho ground round andIn andin and andin in a position to bo be thoroughly thorough conversant conversant con con- versant with wih the company's s operations as 5 follows Tho low results obtained in tho tIm mill ml at the outset were duo to a largo large amount or of Iron in that ore which la lay Immediately below tho the capping and ant which was the to bo be lo reached b bythe by bythe the steam shovels but not to an absence absence ab ab- ab- ab sence of or lopper copper opper In tho the ore The excess of or iron contents is simply a local condition con eon diton an and the tho lie company has a vast vat tonnage tonnac of or ore minus minu this Iron which ranges from 16 16 to 19 19 per cent cop cop- per It I Is now producing copper at a sufficiently low cost that it Is able ablo to carry carryon on Its It opera operations lons with tho So 85 Soper per cent advanced on the concentrates concentrate by the smelting company It I is producing pro pro- copper front from porphyry ore at ut a aco acost acost co cost t of 10 1 2 1 cents a poun pound Tho Tue ore oro Is being bellig drawn front from lom underground un un- un- un tho time caving s system Lcm of ur mining min ing being used and anti the tIme cost of or extraction ex ex- traction tracton Is about IG 5 i cents a U ton MillIng Mill Mill- MI- MI In lug Ing has Le been jeen n costing about 55 65 cents cent a atoll aton ton toll but ut as the amount mount treated has now been heen increased to lo 1000 to 1700 tons tomis daily aly it ii I l Is 13 expected that the cost of milling will henceforth be Lc under 50 wIl cents During the month monh of at August the tho porphyry oro ore treated yielded an average of or 2 i 2 11 2 1 pounds of or line copper copper cop cop- lC per to the ton Gro Gross operating costs including Eastern expenses have been about O to tu ro a ton of or ore but they theY will wi be lc re reduced 25 or CO 0 cents a ton within a month or two Mill 11 Does Ios Goo Good 01 Work Most that has been said fid unfavorable unfavorable able to tho the Boston Boton Consolidated is b based e upon tho the poor noor showing made malc by bythe bytho the tho mill mi Immediately after anel it I began operations It I is now demonstrated beyond question queston that this company's mill mi Is able to do better tetter beter work worl than that of or the Utah COI Copper cr Approximately 7 72 per er cent of oC tho copper content contents con- con tents lents tent of or oro oio Is being saved by concen concen- There is no possible question queston that the tho company will vIli wil earn a handsome handsome handsome hand hand- some profit proUt from rom the he treatment of or its Is big l porphyry deposits The Tue Utah Copper com company pan can put putout putout putout out tons of ore ore- orea a da day and azid Boston Boston Doston Bos Dos ton Con Consolidated can put out tons Ions of practically ly tho the same mime grade at about the time same cost i cr ton for mining min mm- ing big milling and freight I believe c belc the tho te tenet net earnings of or the lie Boston Doston Consolidated Consolidated ConsolI Consol Consol- Consoli Consoli- dated will wi bo proportionate to t those thoo I of mf t the tho Utah Copper company compan and therefore Boston Consolidated stock should sell at least three sevenths as high as that hat of ot the Utah Copper compan com corn pan pany I know that lint several severI men cm- cm by tho the Boston Consolidated company have havo been buyers of ot I Its stock recently They express Cl C every conil- conil conrI conr- I that the enterprise Is u u. demonstrated demonstrated demonstrated demon demon- success and that tho the company I will have a L prosperous future I In sizing up what Boston Boton Consolidated Consoli Consol Consoli i dated is 15 able to do o the engineer quoted ed cd commits commis time the common cro error of Ig Ignoring IS- IS noring the compan company's 8 sulphide mine maine which mal 1100 OO 00 tons tomis tOiS of ot ore a ada aday da day has ha been a a consistent for some Ume Its Is earnings have provided provided pro pro- vided a u good hood portion porton of tho time means to build the concentrator for the porphyry porphyry por por- ores and with wih time tho porphyry l section of or the mine maine on a paying basis the proceeds from Crom tho the shipments of sulphide ores will wi cut an important figuro in swelling tho the net earnings |