Salt Lake Herald-Republican | 1910-04-06 | Page 8 | Work of the Past Year

WORK NORK OF THE PAST YER YEAR Annual Anua Report of Utah Uth Consolidated Comment Mining Company of J L W Pinch Special to The New York April 5 The Utah Consol Consolidated ConsolIdated Consolidated Mining company reports for the year ended December 31 last proceeds from the sale of copper silver siver and gold less refining charges freight selling ex expenses expenses and insurance at 67 Stock of bullion bulon at seaboard and in process at end of ot year m Total Stock of bullion bulon at seaboard and In proc process process process ess at the beginning of year bal balance balanc balance ance anc other income 1804 total income mining expenses ex cx exploring exploring and development 88 bat bal balance bl blanc ance anc smelting expenses expense etc profits for year 1526 This is equal to 1028 per cent earned on 1500 15 0 capital stock which compares with wih 2173 2173 per cent earned eared on same stock last year The directors report in part is as fol follows follows follows lows There were mined and shipped 20 67 tons of ot sulphide ore Developments at atthe atthe atthe the mine are aro ar not as satisfactory as in previous years The grade of the ore or milled during the year was the lowest in inthe Inthe inthe the history of the company The sulphide ore reserVes are estimated at tons being tons less than In March 1909 10 In his report upon the property J S J W VT V Finch after ater a lengthy summary con concludes concludes concludes I think it safe safe therefore there tore for your company to count upon a total of 1 1230 tons of ore developed and in re reserve resene reserve serve sene having a general average assay of 23 per pr cent oz gold and oz 05 silver siver