Show UNCLE SAM CON ANNUAL MEETING Net Earnings of the Ye Year Amounted to Over STAR CON CAN ASSESS GOLD ORE COMING FROM STATE STATELINE STATELINE LINE MINE Te The report lai before the er of the Sm San Consolidated at atte atthe te the annual meeting yesterday aCer after Ilon showe showed nt net for the year or of W When It ce came to the of directors n no tie loped doped and te the od old bord was reelected as folloWS John Dern mousy James ae Nelsn Nelson George ad and B F dr tiers The directors will 1 qualify jn in meeting which Is time for the regular tb t be held Thursday a and at which timE the mater matter of a a wH will be ate acted up upon A comprehensive slet stat ment ent entas as presented ad and from I it te the fol dat data was taken The fal fiscal yer year o ne wih with 1 ii the treasury Concentrates sold for tor crude ore brought leg or ore Richmond Ana onda or ore 97 6 and from miscellaneous miscellaneous laneous source sources maing making a total of receipts amounting to Disbursements t th the of which covered all 1 the various aros departments of mine ad arid mU mill operation genel general expenses etc amounted to the bance balance on oa hand at the reent time Included in inthe the total or of disbursements are te the ot of 20 for four dividends of offO fO each ah and 1 66 paid In ro rolt roy lt s to leser In oth words the exhibit shows that the compans net earnings for the rear ear amounted to and that in the face of the taCt fart that the mine wa was practically cosed closed for tor the battier pt part of two monts months owing to the fre fire that de destroyed the works to hoisting sy say ot of the cost of getting things in sh e a again in During the year ear th the company pro duee 29 dr dry tons of concentrates which nett netted d the company after met meet all charges transportation ig al including ton tion sampling aYin smelting etc etc an average ere of 3 pr per ton Of crude ore the com company marketed 1 tos tons that nete netted 1902 90 vl per to ton I It aso also sold 1 1245 45 tons of lea lease ore from Unla Uncle a working workings for 18 pr per ton net and 10 tons of le lease ore from the Richmond Anaona Anaconda woking workings for Ier per ton Condition of the Mines The report submitted by Superintendent dEnt dent C C deJ dealt wih with al all the work ark done in the min mine during te the yer year referred to te the physical condition of the property a ar the beginning of the year anti and showe showed what hat bd had ben been ac d during during the twelve telve Te The work done in the nw new territory adjoining the May ay Day was outlined and the showed that In doing doing i it abut about t worth or of ore ha had ben been taen taken out ad and sold Here a a winz was sn enk feet the gater greater portion of i it through ore A Adrift drift was wag then run for feet through or ad and a second winz put down forty fet feet in the or ore this exhibit showing that the ore has been n con continuous for a depth of more than lEt feet to a pint point bo below U the fot level levelA A crosscut is D now bi being driven on thE the 5 level ad and while i It ha has not yet et the point in the or break which suld should shw show the ore the conditions ar are now alf alMost Identical with what the they wee were above on the marns margins or of the ore shoot s so results mayb may be looked for o on the 5 very er 9 soon If th the or ore go goes down that far Most or of the and milling ore during th the yer year e came from nw new gund ground in what wha t is tee termed te the inter intermediate intermediate mediate level of the mine ad and this territory is rrt reported b by Superintendent Grig to be looking a as wel well or better than it has at any time Another sot shoot of or ore was a in entirely ne new Jund ground during op the year at a a pint aoe above some o of the old r rr werI r ing Ings of the property I it bs bes ben been of more than 9 worth of or ore and ss seems good for a long tt time timeto to cm come yet yet Summing up Grigg sta states that th the outlook for the twelve monts months t to com come coul I barly be brighter ad and h he i Is confident f dent or of much better relt results th than the pat past y year a ha has sown shown go good though it has hen been |