Show QUARTERLY REPORT OF CI CHIEF CON satisfactory the second quarter of the year 19 1923 1993 93 was a accord for the chief consolidated mining company ampario omPa rio ta share shai i ing to the report which has just been s submitted holders there was the usual amount of deve eve jol port work and it resulted in quite a number of rather rathe ant ore disclosures feet get of during the second quarter of the year lo IS shied paea ore re development work was done and tons of 0 yielding idding after si sm elting transportation sampling and all othet other operating charges a a total of as compared with for the pieced preceding ing g quarter L metal contents of the ore for the quarter were as follows gold ounces silver ounces lead in lead ores pounds and copper pounds this with the first quarters silver output makes th the total silver production of the company for the first six months of the year amount to ounces or at the rate of nearly ounces a year assay values of the ore were chief cons mine gold ounce silver ounces lead 1474 per cent copper per cent grand central mine gold 2189 ounce silver ounces lead per cent copper per cent gemini mine silver ounces lead 1061 per cent copper per cent eureka hill mine gold ounce silver ounces lead 1094 per cent copper per cent net nef profits show a good increase the first quarter of the year the net profit after all charges amounted to for the second quarter it amounted to at the chief no 1 shaft ore was produced and development work performed in the first ore zone from the 1200 level to the 2050 level and in the second ore om zone f fram r am the 1200 level to the 2100 level the report on mine development says in part in the second ore zone a feet northeast ol 01 of the hitherto developed ore passed through ore of very good grade that the pro progress P ress of the development might not be retarded mining of this ore has been deferred until after the completion of the at the grand central mine ore production and development work was maintained from the level to the 2200 level in the extension of the centennial channel development work in the low grade rade quartz body has disclosed and led t to P the mining b of richer leads of ore between the 1900 level and the 2100 level in the mammoth victoria channel work in the mammoth moth mine has disclosed some promising leads of ore in the mammoth grand central lime work now in progress on the ie 1000 level will soon connect the grand central work ings digs with this ore the companas comp anys balance sheet as of june 30 shows current lent assets aggregating 6 subsidiary comp companies com adies glances balances supplies 9 16 miscellaneous assets sets bring the total up to liberty bonds amounting buntin oun tin to are held by the company cash surplus as of december 31 1922 was this is was increased after to by a net profit two ija quarterly dividend disbursements amounting to 43 of of which was derived from interest erest on investments and deposits current liabilities well and total reserve accounts |