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Show II ANNUAL MEETING OF If GOLDFIELD CQN. 'Ill Much Interest Taken in .Session mm te Be Held in Evansfon, I'll Wyoming. I 21 ' MANAGER'S REPORT M il WILL BE FEATURE ml Convincing Reasons in Support 1 j of Increased Output If Prediction. H'wf' Spccl.il 'to Tlic Tribune. HlHj GOLDFIKLD, Nev.. Jan. 0. Officials ! of the Consolidated .Mines company have Mf 1 I loft for ISvanston. Wyo., to attend tlic Hjf(: annual mcctlnp of the company, to be H:'J held there on Mondny, January 10. At H' this merlins the annual report of tho gen- Hl j oral manager will be submitted, and al- Hj l! though the contents of the report cannot Higjjji bo learned and will noL be released until Hiijffr after the meeting, It ifi known that tho H; ji conditions of the properties of the cor- Ijljf1 poratlon. as set forth In the manager's H.'jllll fitatcment. will prove of a most satlsfac- H tory and gratifying nature. A story np- H js-jl pcarin? in a New York weekly publlca- Hfifj lion, lftucd In the interest of a group of discredited stock jobbers, declaring that ili'll ; in his report Manner Mackenzie would jr.); II. place an estimate of $27,000,000 on the ;hij : value of ore reserves above the 750-foot i 9.1 ' level of tho mines, is officially denied and ifij : It In stated that no estimate in dollars P and cents of the value of reserves will HtiH'H i be mndo. illili! George WlnKfield. president of tho Lon- JH , so'ldated. left'ioday for Reno on his way iJuT to Wyoming, and Secretary and Tmas- ljf urer A. H. Howe will leave tomorrow. mi I .7. II. Mackenzie, whoso resignation as Ifi'f ; general manager was tendered nl the last fflf ciuartorly meeting, but who remains with IjM the companv a.s a director and consillt- R'I ' lng engineer. Is in Sun Francisco and will f Jj3 ! bo in attendance at tho meeting. Others JSil ; who are expected to b present tiro J Iff ! D. Hubbard, vice president; William L. M ! Balslon and possibly J. IT. Carstairs. -Tho ill 1 rtrv: manacer. .T. It. Kinla.v. hns arrived Ittl ' and assumed his duties. On January .'M ail the company will pay the regular quar- m lerlv dividend of .10 cents per share, to- M , gether with an extra dividend of '20 cents. Is! i making a total payment amounting to JM approximately $1,500,000 to be distributed PH I 'among about GS00 stockholders. M j December Output. i While final returns from this company's i w December output have not yet boon rc- M ! calved, official estimates place It at 20,- m I 250 tons mixed and milled, with a gross iti. ! recovery of $610,000, total costs of pro- :3j dnciion amounting to $lf.S.O)0 and not H I profits for the month of S4SI.000. With ifi theso figures It Is shown that the com- flf panv's gross production, in 1009 was ncar- 121 ! lv $$.000,000. the costs of production, op- IjJ oration and maintenance, including the If! I purchHso' of the- subsidiary, companies. j ' H'.MO.OO:. and net profits realized from jl I the var's operations were 5o. 001. 510.10. m During the year the Consolidated dc- m .lircd dividends aggregating 5l.0S1.2So. m ! ttio Florence Goldficld paid out $210,0(10. tfl the Combination Fraction $02,200, and ft the Consolidated Bed Top Lease eom- Uit i panv J20.000, making a total dividend uls- ffiiJ bursomenl by the rour companies or I "' " Production in 1909. ; The stato bullion tax agent, James F. M llalcv. wlio is In closo touch with mining M ,' openlllons throughout the state, places l' an estimate on tho production of precious i metals In Nevada in 1000 at SH.,.000.000 B, and forecasts nu output during the pros-B pros-B f.jt vear of S.iO.OOO.OOO. These Usurps nvo generally conceded to be conscrya- (H1 tivc. ' Figures of the state's production JHl have beon widely published, based upon W tn- rrport of the bullion tax agent in W wbi"h only the product is accounted for jflj- ion which taxes have, been pa.Id, and jfl j Ihr tax officer admits that a large pro- m ! T.ortlon of the output has escaped tax- Hi I .itlon, despite the activity of his office VI I .V 0r thr various county ussessors. WL The disparity In figures le cmphasi'ed by jH ; tbv fad that the agent's list of estimates M . ndlts tin- whol of IismeraldiL coiinty 'WM with Icj-s than the officially established mm production of Goldfield. 'I Increased Production Assured. Ill : Tlic production of the Goldtlcld dis- 4 i trkt will be larpcly Increased from tins vU : nmo forward as the Consolidated mill. !if ! uhlrh has been treating from b00 to ill CiO tons dally, has been enlarged In ca- iiavitv and In How handling 000 tons U j i dailv" and. will probably exceed this ton-la ton-la imgc with the Completion of adjust-iili adjust-iili incuts to tho machinery. The enlarged 93 ' Florence mill Is; trealing 1C0 tons daily WI ninl lo.sees who have taken over the j! ' Gold Bar workings of the C. O. D. Cou-Mj Cou-Mj solidated arc nbout to betln tho con-Ih con-Ih ' itructlon of a fifty-ton plant and are m . asr-urcd of an ample tonnage of good w , ore. Conditions ' on the Combination Fraction uro reported to be favorable H for the early starling of another cxlen-Dj cxlen-Dj . sivc nin of the eighty-ton leased mill M and the sampling plant: of the Nevada Goldfield ricduction company and tho B Western Ore Purchasing company are B caj)3ble of handling a larpc tonnage. I' inning last year the Florence Gold-M Gold-M Hold nroduceil :t7.0S7 tons of ore. with B a rfoovery of $730. 020 and not profits of T S2fi'J,7F.2. The relailvely small saving B was due to tlic large sum for mill con-B con-B stvurtlon and cnlargonient besides tx-B tx-B tensive Ievclonnient. all charged against B production. For Uie greater part of the B year the mill treated low-grad ore III from the old dumps and operated but ill twenty of the full complement of 1 forty stamps and only wltnln a few w wcks of too end of Iho year was the C. I capacity enlarged and the quality of ore improved. The mill Is now operating BE successfully, treating from 150 to 1U0 E tons dally, with a high saving of values Ml and in the initio the old workings arc BJ behiK connected and largo bodies of ox-KJ ox-KJ ellent ore opened up at all levels down UK to the seventh or DOO-foot lovcl. BR The Combination Fraction company BD during the tlrst three-quarters of 1900 BR produced l'1.250 tons, with a grons re- BH covery of $200. 1 10 and net profiLs of BM ?II2,S21. A larcc amount, of develop- BU nient work was performed and during a purtlou of tho I lino the value of tho B ore ran low. At present no orf of coni- Bj merclnl value Is being hoisted from tjto Bl mine, the ore having glvon out during BJ Octolcr. but th! host veins, front which BJ a good production was mad" at lovols Bl down to th'o aSO. arc now being opened Bl up on th' "iio and other ileener levels. BJ and the mln'' Is dally Improving In np- BJ pearattcp. with largo bodies of low- BJ sradc ore exposed. The main shaft Is BJ now helm: sunk from tho 612-fooi Wo BJ at a depth of S00 feet, from whirli deplli BJ tho veins will he furthnr explored, hi- BJ cnuragemeni for this work be Ins lakn -BJ from the r-xecllent rcsnltr attending BJ doop ilevoIopmnt on Iho adjoining J claims of the (Consolidated. |