OCR Text |
Show Sept. ..24.218 8l3.224.0u 202.000 00 " Total 70,193 $2,Cn7,852.9'5 J587.822.45 Construction Metallurgical Cost. lxisses. July $25,000.00 $ 5t,2r.5.tl At'gust 25,000.00 r8,4o',.lS September .... 25.000.00 G2.25S 00 Total $75,000.00 $101,968.79 Total Costs Net and Losses. Profit. July $259,055.12 $ 007.:178.r.5 August .. .. 2$t5,K78.12 G11.717 17 September .. 279.258 00 J.63,966.00 Total .. ..JS24.751 2I $1,783,001.72 Attention Is directed to the fact that the figures frr September are approximated, ap-proximated, for the reason that final battlement for some of the ore and bullion bul-lion in transit and at smlter and mint Is not yet completed. The report re-port states that on September SO, 1900, the company's cash balance aggregated ag-gregated $2,558,340 80, and ou Octolr 31, after the disbursement of dividend divi-dend 'o. 0, the cash balance will be approximately $1,400,000. Tho company's com-pany's l no-stamp mill is again operating operat-ing 'at Its full capacity of over 850 tons dally, and effecting Its usual high recovery of gold- Durlng the past two weeks the results re-sults of development on tho 1000 foot level of the Clermont mlno have acaln asBumPd bonauia proportions, and the vein, which for a time appeared to be Phowlng a depreciation In value a.3 the drift pro?ressea eouth. is now making a showing equal or superior to that at tho point wnere It was first opened In these workings. The drift has now progressed ror 6ome 70 feet in ore averaging around $00 per ton and containing quantities of ore run nlng $500 and $000 per ton. and at one point th's ore has a width of twenty twen-ty feet. The relation of this ore shoot to that which was nrst discovered on the lOOO-ioot level, farther to the north an deast has net yet been determined, de-termined, but apparently the more recently re-cently disclosed ore snoot is a downward down-ward continuation of the great Mohawk Mo-hawk shoot, in which slopes of gigantic gigan-tic propoi lions have been opened near the eastern corner or the Mohawk claim, yielding millions of dollars' worth of high-grade ore. The latter theory Is supported by the character of the ore In the new vein, which more nearly resembles that of the upper Mohawk levels, par-tlcuhuly par-tlcuhuly that of the famous "403" stopes, than the general run of the Clermont product. The late discovery Is nothing short o; colossal. The mann cement of the Consolidated regards re-gards this as tinp of the most important import-ant developments in the history of the- property. The same vein has been penetrated on this level at another point farlher north, but development here Is not sufficiently advanced to determine the extent of the deposit or its identity as port of the same shoot. A feature of no little importance In this discovery is the fact thai the ore is of a character wh:cu will respond readily lo treatment by the processes employed In the company's mill, car rylng but very little antimony, copper cop-per and bismuth, and much of the gold bting comparatively free, rendering the ore particularly desirable for mill-Tig mill-Tig The h'gh-grade ore In these deposits de-posits can be. shipped to smelters for treatment to almost or fully as good advantage as concentrates, although the latter product Is treated and re duced to bullion by tho company in Its refinery and by a qrocess invented and Perfected by J. '. Hutchinson, superintendent super-intendent of the mill In other parts of the Consolidated company's mines development continues con-tinues to add tn the ore reserves which are constantly maintained in adance of production. The largest tonnage still comes from the Mohawk, closely followed by tho Clermont, and milling ore Is now being taken from the new workings of the Iaeunar from which shaft the Red Tip vein Is being be-ing prospected ami developed on tho Odn-foot level All new construction is rapidly uearlng completion, and within a short time this expense will be eliminated, numerous important economies will bo In effect and the company's earnings will le correspond ingly enhanced. GOLDFIELD CON. ISSUES REPORT Goldfleld New, Nov. 2. Tho Con-soldaled Con-soldaled Mines company has mailed to its stockholders checks for dlvi-dent dlvi-dent No. 9. at Cn cents per share, being be-ing the regular quarterly disbursement disburse-ment of 30 cents and nn extra dividend divi-dend of 20 cents per share, tho fourth dividend of the same amount fur consecutive con-secutive quarters Accompanying I these checks, A. 11. Howe. secioUiry and treasurer of tho compauy, has ' sent out a statement compiled by the general manager, showing tho com pany's earnings and proihu lion for the second quarter of the fiscal year, the quarter ending Soplcml.i-r 3n. This statement Is of Interest by reason rea-son of Its showing that during the quarter the net earnings were approximately approx-imately equal to the amount of the rtgula'r and extra dividends and that a large cash surplus remained in the treasury after the payment f the dividend divi-dend The managers report of the production and earnings follows: Dry tons Tioated it Gross Operating Month. Shipped. Value Cost. July ..21.805 s SG7.O33.07 $183,399 ot I Aug. ..21.170 S97.595.29 202,422.91 i |