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Show SMlS nEPORTl IS DISAPPBUiriNG Earnings of the Last Three Months Register But $723,000. More di-ar-pohitir.? even than the eisht i !i ontf.n' earnings :-Ui tement submitted iaht p tern b-r is the la te: t report of : Lin t-:d Hra te S'uiclttntf for ti.e eleven 1 months tuded X'jveinbt:r :;0, showing a hkI of jV'-VVKi, snys the Boston News Uut'MU. Ah proiits up to the eluse of Auu.-.t w'-re 1 1 ,"0'.'. it is evident tiiat th; !a;-t three nwr.tn re-b;te:ed but STiM.O'.'O. Looking bark, it api-cai-s that the eom-panv eom-panv eniiicd from July to September half a-s m in 'h from January to May and similarly half as mueli from September to November as from July to .September. 'i'!'.in;; it from another aii?.f, the ni'tnlhly average of eriruiui;s for the first t i vm nmri tlis was H.000, the follow in? thi'eo inoniiiH It was $17;;,"in and the last three mouths it has been $-J41'0. Diised on the eleven months' returns, fi ti-il profit for tne yea r will be under ?.",,."j0i).i)uij eornpareil wiLh S S . S; n . 0 00 In 1 :M i;. Tiie bahi nee for the t onim'.n will, therefore, be only something better than fa a share, contrasted with what seemed like SL'O a share possibilities tins sprinp. The explanation of the sony showing for the last huh rter lies In considerable n i e n s 1 1 r e in the h e.a v y c ha rs eo t'f s on nieLrii, notably S-lOu.OOft on lead and spelter, spel-ter, which are carried at well under market mar-ket pi ices. I.arsre depreciation and expiration ex-piration reserves were alto.set up. The bright spot of the company's situation situa-tion is the manner in which Mexico is com imj to the front. fSinee June it lias been reporting on the right side of the ledger and of late monthly profits have been averawine about $;,J5,00O. As a matter mat-ter of fact, Mexico accounts for pretty neariy the bulk of the entire profits of the past three months. The sensational silver strike of last vear has already been proved up to the extent of over 000,000 and plans have been made to utilize this rich ore by Increasing In-creasing the milling capacity across the border. Addil ions will be made to both of the cya nide plants, at Pauhuca and Keal del Monte, one of which should be in operation early next year and the other liv summer. In addition a new mill will he erected which should be completed by the end of ID IS. All of these additions will result in boosting milling capacity from "JO oo to about :V!00 tons a day. For taxation economy and bookkeeping reasons, I'nited States Smelting intends to absorb into the- parent organization all of the subsidiary companies, of which' it owns 100 per cent of the securities, in-eluding in-eluding tin- Mammoth. Needles, Oold Poads and the Smelting and Exploration companies. The change will be as of December De-cember 31, |