Show NEW BONANZA AT ALTA ALIA CAMP CAMPI I Worth of Columbus Colubus Consolidated Is Shown Show in i Reports Made at Annual Anual Meeting Meet MAMMOTH TO OPEN DEEPER BECK RECK TUNNEL AND AND ND RED TOP DIV DIVIDENDS DIVIDENDS WENDS POSTED The financial statement submitted at atthe atthe atthe the annual meeting of the Columbus Consolidated Mining company yester yesterday yesterday yesterday day showed showe that the te year began with an indebtedness of nearly It I shows that approximately was wa put into improvements that 2873 feet of development work was done in the mine that all a indebtedness of what s been wiped out and that the treasury now boasts a surplus of The report also shows that the receipts from all al sources source amounted to and that of this amount came care from the sale of crude ore and concentrates Payrolls and salaries were on account of the great geat amount of construction work installation of new machinery etc abnormally high but under these conditions it amounted to only a little lite more than or con considerably under per month These Tese and other figures in the report indicating indicating IndicatIng ing that under normal conditions as astey they tey should prevail during the present year the total operating cost cast of the mine and mill mi will wil be something like this Including all al supplies All AU of the crude ore and concentrates produced during the year came cre as a re result reBUl suit sult BUl of development alone aone There has been no real mining during the time covered Barring the production of a afew afew few cars of concentrates during the earlier erler months of the year er the nearly worth of ore and concentrates was marketed between June une and ad the end of the fiscal year ear Jan an 1 If I opera operations operations tons should be continued on no broader lines for the present year yer than those followed during the last lat six months of last year yer the company would produce more than at a cost cos of some something something thing thins like and thus make a profit of about 1 a share on the out outstanding outstanding outstanding standing capital stock of the company But as a the mine and milling miling plant as aswell aswell well as a the power plant are now in shape to bear almost any burden that may be placed upon them it is ed ad he the company should be able to earn 2 a R share net or this year The report of General Manager lanager Tony Jacobson shows that in one single block of ore that has been opened up for ex extraction extraction traction tracton there is over in sight while developments in other portions of the property should easily make the available aan ble ore ore reserves reserve carry a value of twice that much The report reports goes into detail det i the value of the crude ore and concentrates shipped the mill mi mills fine work and other features of interest to the shareholders and shows conclusively conclusively conclusively that the Columbus Consolidated Is now one oe 0 of the spates sates s ates big mines and that nothing can prevent it earning earing big money At the meeting of the out 20 shares share of the company were represented and ad voted vote unanimous ly Iy for the following officers and directors diec tors tor Tony Ton Jacobson president and general generl manager managEr C K McCornick I Ivice vice president S A Whitney Whiney secretary I and treasurer W S McCornick and E R IL Hall the latter a a banker of Chicago I I |