Show 1 CON GON MERCUR R REPORT i Marked Falling Off In October er 1 iL 1 11 1 OUTPUT WAS W S i L 1 j NET T PROFITS Iron FOR TIrE THE MONTH i i 8 L 4 I I j The third thid monthly of ot op OJ operations r of the Consolidated company ny covering the tM tb month of ot Oc October October October tober wi wil go forward to the share shareholders Jj ri holders and white while the Ute exhibit 4 11 g shows a material falling off ot in the net If earnings as ts compared co with wint Septem September J her ber it need cause no particular alarm as the reason given is k J a reassuring and andi I I i reasonable one i During the month oC much 11 development work was waa In progress c v work ork calculated to facilitate the mining t of r the average grade trade of ore and a ai i i large arge tonnage running 5 5 and less had hadt f 1 t tt It be b movel i to accomplish h the purpose i This Thi ore has been going through the t 1 mill but the management mana ment announces i that a return to the regular grade will wUl 4 follow very shortly when the former i values will be represented In the pro production du i The report for October the figures If i 1 for lor which were ere released ed last lut evening i l are ar as follows ii Tons roes milled oiz j i 1 Mining inIng per ton Including pros prospecting 1 pectin V 1 44 I Milling Killing per ton toR 1 40 J lr Total u t 2 84 rl Bullion produced prod 27 7 r Expense for October oct S 48 45 4 ti N Nt t PM 1 7 SI 81 SIAs SiAa o t As At compared with jUt the September Sept run 1 the th net earnings were 2 lest less i 1 while the tonnage put through was a little larger r The ost coet t of or mining mi ning and i iti ti 1 jf milling was wan reduced reche d from 2 to 4 I If f i v t per pr J ton and the work done in the mine minei I i 11 j has ha ha been n of a most encouraging nature I If f i All AU things thInKS considered therefore there is no room for complaint as ag the man management manI management a has been pursuing a plan and anda a It policy calculated eak ak to insure hunting lating I results During the three months bat hat the consolidated on company com any has been op operating crating entin ev ever er 2240 net has bAS been earn earned earned earned ed and has h been distributed in II dividends so 80 that the balance sheet T shows a remaining rem surplus of or more i I than enough to meet mee t the next quarterly 1 contribution without counting No November November i 1 t vember and December |