Show mining company WEST TOLEDO REPORT through its president A 0 jacobson of salt lake the west toledo mines company operating near alta utah in the heart of the section made famous by heavily producing mines the following report has been submitted the undersigned undersigner under signed and associates having taken over tile the control of your company and having completed arrangements to inaugurate a thorough campaign of development on oil your property which we believe has great merits ask your hearty operation cooperation co in the rejuvenation of your property and we wish to give every stockholder the benefit benefi the he is is entitled to by issuing a statement of tile the conditions and possibilities hence stockholders are placed in a position to reap the same benefit as the ones who have gone on the market and bought the stock as high as 20 cents a share after knowing tile the company had been properly financed and the proper development of the property would be undertaken the undersigned undersigner under signed has been elected president and general manager of your com coar pany he has operated some of the principal mines of the alta district in the past fifteen years thereby acquiring a knowledge that will be invaluable to the west toledo mines company in carrying out the proposed developments tile the management has made arrangements to explore the west toledo through the frederic tunnel which is about feet long and over 1000 feet vertically below tile the surface work on this has already commenced the buildings at the portal of the tunnel mentioned will be repaired so tile the work can call be continued during the coming winter it is also well to note that the recent strike in the columbus rexall adjacent to the west toledo will be of much value in working out the geological conditions as tile the same contact and fissures that pass through the cardiff and the columbus rexall pass through the west avest toledo tile the company has been financed to carry out tile the proposed work and tile the future outlook for the west toledo is indeed bright NEVADA consolidated REPORT S W eccles president of the nevada consolidated has submitted his second quarterly report as follows there is included in operating expenses for the quarter which represents accrued county state state bullion and federal income taxes we once more call your attention to the contemplated excess profits tax which is now being considered by congress this will apply to the profits for tile the calendar and fiscal year yean 1917 b but ut as the provisions of the law have not been finally determined it is impossible in our quarterly reports to make any deduction from our statement of earnings to cover the accrued excess profits tax you must therefore bear in mind that the net earnings for the year will be substantially less than the aggregate of these quarterly earnings due to the fact that the excess profits tax when fixed by congress will have to be deducted the general balance sheet of nevada consolidated as of june 30 last follows assets ss els property investments deferred charges 7 materials GOS accounts collectible deferred accounts metals on liand hand or in transit metals at steptoe marketable securities cash 3 3 totals 1 1 1 3 li liabilities capital stock surplus refinery ai and delivery not due accrued accrued taxes except excess profits tax 33 33 G 7 7 accounts payable not due nevada northern ry co deferred accounts earned surplus totals UTAH COPPER REPORT the utah copper company operating at bingham utah has issued its report covering operations for the three months ending june 30 during this period the net earnings amounted to of anich sum was paid to stockholders leaving a net surplus on hand of earnings of the company during the period covered by the report are said to be larger than at any other time since its organization previously the high water mark in production and barnin earnings t gs was that of the first quarter of this year when net earnings were production for the period cove covered red by tile the report was pounds as compared with pounds for tile the previous quarter the total production includes pounds of the red metal contained in ore shipped to the smelter concentrates produced during the quarter totaled pounds in the companas comp anys statement of net profits is one item of the com coill banys income from bingham garfield railway company dividends the bingham garfield is owned by the copper company as is also t the lie nevada consolidated copper company the report shows an income from dividends and capital distribution of that col company lipana totaling 0 |