Show TES REPORT Statement Mad to Followed be Later Latera I a in the Year by Author j 1 The annual time of the tIme United Limited States Mining Mimming company is at 1 I hand but It is evident eident that none will willbe wille be e held this year yea The Boston Doston News Neiva j I Bureau BUle u of or Wednesday last without I quoting an anybody body In authority makes what Is presumably a true statement of or the th s present condition so tam fur as RS it goes goe and prepares the share shareholders shareholders i holders for fur the p issing IH ing of the time annul annual meeting by ly s l Unit that stockholders will ivill probably be officially acquainted with the financial 11 I I position of the corn com pany some time this yet yea ye Whelm wih 11 the th company compan passes asses I through what its di dl directors directors rectors call cuil the constructive state The TIme following par are taken t ken j from front the 93 fIoS report The United States Mining Jilling company j si shWe ee e the first of January has hus earned itt at the e rate of 3 2 per share per annum upon its Us outstanding shares harl s of stock stolk and MO indications point to a l steady stead increase Its smelter in I Utah Is showing g a steady tead improve I ment and tin the lead katl smelter if is gradually j 1 getting in a position to return net earnings Its Mammoth smelter in I California la ill fast assuming as min shape I While the management anticipates be beginning 1 ginning operations in ht California July I 1 I it will ill probably proba bb be Aug Au u 1 before the th j i plant is F FJ J Parke Park banning hannin in his report on the United limited States mining properties to Adolph Lewisohn Lei ohn estimated net imet earn ings of per er month from copper coppel and 2 per lel month from lend bud opera op Ia j assuming th the lead leid plant is able i i ito to begin showing profits July 1 1 This would permit of net profits profit in the 1005 1905 I O year of not an excessive sive estimate based on what the tIme company is now doing Its March earnings will II probably exceed For Fol the calendar year yea l 1904 the United States Mining linin company earned I but l was US charged to I which Ii h eft net earnings I for fOl the stock of or out of or which one dividend of 50 cents celus was declared j last 1st summer on shares of stock i leaving a surplus from the years operations of ot The company con presents a very Yer clean balance sheet On Jan Tan 1 its quick as assets assets assets I sets were as s follows Cash on hand in Boston and Salt Lake banks I Accounts receivable Supplies assets a As against these assets the corn com pan s only liabilities consist of 6 pet per cent notes and of 7 per cent bonds hon ls a total of a 1 balance of quick assets as ets of |