MASON VALLEY MINES GUAM! REPORT Shows Net Profits for Quarter Quar-ter in Excess of $15,000. Vice President Frank W. Holmes of the Mason Valley Mines company linH sent out to Moekholdtir.w the eighth quarterly quar-terly statement covering the throe months onded December 31. It shows gros operating op-erating profits of 553.561.66 nnd net profits of 515.2S9.34. The statement follows To the stockholders of tho Mason N alley Minos company: ,, I submit herewith statement regarding the operations of your company for the quarter ended Docombor 31, 1913: rons. Mason Valley ore mined -S?,T- Smcltcr treated oO.IJi There were produced 3610 tons of matte, which yielded 3,694,227 pounds of refined copper. Tho financial results of the quarter's operations aro as follows: Gross operating profit J53,561.GC Less depreciation and deforrod charges $21,232.22 Bond intcroat 14.040.00 3S.272.22 Net profit for tho quarter ....515,2S9.3l Tho fourth annual report Is now being prepared nnd will bo mnllud to the stockholders stock-holders before the annual meeting. Respectfully submitted. FRANK W. HOLMES, k Vice President.