OCR Text |
Show Hi VALLEY HAS fflll RESERVE Tlio annual report of the Mason Valley Val-ley Minos company for the year 1913 shows the total tonnage of ore Bmclted was 227,855 tons, of which 11G.G3G tons wore from tho company's property and 1 11,319 tons custom ore. From the foregoing fore-going was produced 17,166 tons of cop-por cop-por matte, containing 11,601,520 pounds of copper, 9,022.78 ounces of gold and 121,834.74 ounces of silver, says the Tonopah Bonanza. Tho treasurer's roport shows a net profit for tho year of $120,564.23, which added to tlio balance of the credit account ac-count gives them $347,461.14. The charges to profit and loss account for tho vear includo depreciation ("including ("includ-ing deferred charges), $111,131.43. interest in-terest on bonds and floating Indebtedness Indebted-ness aggregating $S5,340.11, expenditures expendi-tures on properties taken u.nder option and relinquished during the year, $20,-784.57, $20,-784.57, and development of the company's com-pany's mino, $12,009.21. The total incrcaso in-crcaso in plant account for tho year, after deducting depreciation, is $37,-690.13. $37,-690.13. Tho property acount is increased in-creased $23,532.2S by the net expenditure expendi-ture for development, etc, on options now hold. Tho smelting capacity of the plant since tho enlargement of the two lilast furnaces is 1S00 tons of ore per day. Experiments have been conducted with a view of treating tho heavy sulphide ores of Shasta county, California, Califor-nia, approximately seventy-five tons a day. |