Show BOSTON CONSOLIDATED ANNUAL AN JUAL REPORT The Th annual report rf of r the HIP th Boston Con Consolidated fil i company details expenditures expenditure f r 6 upon construction and development the past y year ea u of which was ex expended c upon the Garfield mill and arid in steam shovel shod of says sas the th Boston News Bureau A total of m S was received duri in it the thc year rear from sale ale of copper silver sliver ami niki UI I gold but It was all put back in the prop erty eru in Iii operating development and con construction construction construction oat cost There is nothing in the report to give any an clear conception a ac to the emit cost of the compans copp cooper coper r except from its sul suI sulphide shipments and am the copp then thet was 1022 10 rents cents but this Is the small pro pm production end nd At the Garfield ml mill l are re r tn ing from W 70 7 per cent to 71 72 7 per cant and milling costs hav hv b n reduced redu 1 from rom a maximum of 31 1 pr per tun ton to H cents per Hr ton About 2000 tons of ore oto arc are now be bein bein in treated dally daily dall The balance sh sheet et of or tn American com corn company company pany of date Sept 39 38 shows Capital stock IIlo k I Balance as us at S Sept pt 39 3 0 1007 1 37 6 Add net advances during year vor 71 Bills payable and advances it 1 creditors m Profit and loss 1086 Palance Falance Sept Sopt 3 39 Less Lems loss loS for year after aCter charging interest writ writIng writing Ing In off proportion of ex cx expense expense pense in connection oon tIm with loans from English com coin company compan pan pany Total By 11 co COt cost t of oi acquiring property Expenditures from front Sept 1 1597 to Sept 3 J i KIR In ut purchasing claims and developing property I Less eps s working capital Expenditure lOOS 1008 developing prop property property erty crt and constructing mill and amI railway By suspense I ore o re extraction 28 By B stocks sto ks of copper silver and gold cold on hand By stocks of tools tool and amI supplies By B sundry debtors By cash at banks By Dv TIr expenses in C with loans loans from company compan Total By the sale of shares hares of or new stock retiring the company should hI be financed to a point l er It will not n j further contributions except It be decide later on to double the thc mill ca capacity capacity t |