Show CHIEF consolidated STATEMENT reporter eureka utah at at a meeting of this company held at houghton michigan an interesting statement was given out regarding the chief consolidated mine the report which was dated september shows the remarkable results that have been bean achieved at this mine during the past eighteen months extracts from this report follow receipts sale of shares sale of 4 tons of ore expenditures for property equipment and office mining costs cash on hand balance receivable from the above figures it will be seen that the company realized from the sale of ore this being 2000 in excess of the operating expenses of the mine when it is understood that the management has been forced to do a large amount of dead work such as shaft sinking the running of lon long drifts etc the showing is surely remarkable the ore shipments tons yielding shows an average of 2350 per ton the balance on hand and receivable is ample to carry on the operations and pay for the new equipment now being delivered at the property prop eity but in addition thereto the net earnings from the september ore shipments are expected to approach close to which alone will be enough to pay for the new equipment the largest net earnings for any month heretofore was june which shows |