Show mining mini company reports davis daly copper company the annual report of the davis daly copper company submitted by president hyrum al burton says your directors beg to submit their annual report together with the report of the treasurer for the fiscal year ending june 30 1914 and the report of the general manager Is during the past year extensive mining operations were carried on to april 1 1914 in which time there was shipped 52 tons of dry ore compared with tons for the year 1913 there was received from the sale of ore the sum of compared with from shipments for the year previous the company did extensive development work in the colorado shaft at an expense of since april 1 1914 the operations have been confined wholly to development on the 1400 and 1700 levels and in sinking of the colorado shaft full details are given in the general managers report the results of the mining operations on the upper levels during the past year were disappointing and upon the recommendation of the companas comp anys engineer mr creden it was decided to discontinue all mining and sink the shaft feet owing to the extensive development undertaken your board was obliged to call for an additional payment on the capital stock and an assessment of 50 cents a share was accordingly levied payable 25 cents june 1 and 25 cents 15 1914 the response from the shareholders in payment of the first installment was very gratifying and we are confident that the second installment payable october 15 1914 will be promptly paid the present troubles between the labor unions at butte have not interfered with the development work now being carried on the operating expenses of the company have been reduced to the lowest possible basis the assessed valuation of the com banys property in butte has been materially reduced during the past year by reason of the change in the form of taxation of the real estate so that it is now taxed as mining property instead of town lots or blocks as heretofore which will result in a considerable sid erable reduction in the taxes for the year 1914 during the past year the directors charged off for depreciation on the construction account and 28 on the development account for depletion respectfully fully submitted goldfield consolidated mines the august report of the goldfield consolidated soli dated mines company shows that the mines of the company produced a total of tons of ore which yielded a net real reah of development work measuring n met was performed during the month at a cost of 7 25 per foot the operations of lessees lessels yielded 1192 tons of ore of a gross value of 21 11 from which the company received less cost of milli milling ng and transportation por tation the development work on the main levels for the month was as f follows combination on the foot level thirty feet north of the shaft 2151 L sill was extended thirteen tons of 12 an and d produced ore mohawk on the new level in the old sheets ish territory 3 DX sill was extended and produced tons of 12 ore on the foot level feet north of the shaft AY sill was extended and produced tons of 9 ore on the foot level feet east of the shaft IX sill was extended and produced tons of 16 ore clermont no development of importance was made in this mine during the month red top and lagun no development of importance was made in these mines during the month iLes sees lessees lessels produced 1192 tons having a gross value of from which the company received less the cost of milling and transportation nevada hills report for august in his report for the month of august C F burton secretary of the nevada hills company gives a summary of operations as follows amt per ton tons milled 25 loss in tailings i recovery 35 G A 91 less net costs net profit linear feet of development work performed during the month F financial in ancial statement close of august business resources bills receivable cash on hand silver on hand at 52 per ounce less advance made on silver concentrates on hand concentrates in transit supplies in storehouse 23 values in mill solutions accounts receivable 1 16 44 2 cash in banks total resources no liabilities general expenses administer Adminis administration tr aaion 1229 i PR 8 F pail fairview view office 64 reno office 00 legal expenses 30 00 insurance buildings 1 1144 insurance liability maintenance and repairs 41 roads and telephones 1410 property tax 00 bullion tax j R 1 0 o corporation expense expense 2500 25 00 hospital 2761 41 total expense t 99 74 a 70 less miscellaneous earnings net costs for month |