Show REPORT OF TINTIC STANDARD dividends Divi dents totaling which sum includes the recently declared dividend no 13 of have been paid by the tintic gintic standard mining company according to the first quarterly report made by the company the board of directors has decided to send out regular quarterly reports to each stockholder of record at the regular quarterly dividend period covering the three months period prior to the quarter in which the dividend is paid during the quarter ending march 30 1920 the following work was done says the report sinking feet raises 22 feet drifting 1402 feet diamond drilling feet superintendent reports that ore extraction and development work were carried on in all three levels from the number 2 shaft shipments amounted to dry tons for the quarter with a gross assay content of from which was deducted as smelter treatment charges and freight in this period the receipts from sale of our ore were above nor mal due to the high price of silver prevailing two new were opened on the 1250 level and one on the 1350 producing a first class ore and adding materially to our shipping ore reserves while milling ore was opened on all three levels adding to our already very large tonnage of that class of ore in sight A new station called the 1100 level was cut in number 2 shaft preparatory to opening an entirely new level in this most interesting territory A diamond drill hole from no 1 in feet reached and showed over twenty feet of shipping ore and a drift is being sent out to open it up no I 1 shaft was sunk down to the 1250 foot level and was enlarged to three com apartment part ment throughout newly re timbered for its entire distance and stations cut at the 1000 and 1250 foot levels preparatory to crosscutting cross cutting and opening up ore channels at the south end of our property during the quarter tons of mill ore were put on the mill dump taken out in the course of development the installation of a new 2500 cubic foot ingersoll rand compressor was completed and also the co compressor mp ressor house foremans office and storehouse the railroad switchback to reach the no 2 shaft with railroad cars direct was also completed complete d and many other minor improvements and additions were made to our large plant the balance sheet as of march 30 1920 shows ASSETS mining alining claims and water rights buildings and machinery small tools and other equipment supplies and timbers current assets deposit premium unearned insurance leasehold lease hold patent deposits stocks in other corporations s U S government bonds war bavi savings stamps T tax a x anticipation certificates cash on hand less dividend no 12 i JOO 1799 liabilities capital 8 stock 0 00 gt less treasury re tock stock barned earned surplus 1 reserve for addan advanced c e d freight 00 c harges charges accounts abc acc payable 71 |