| Show LAST FISCAL YEAR OF WALKER MINING SHOWS proposition SI IS NI IN GOOD SHAPE walker mining a i subsidiary so of anaconda reports for the year ended july 31 10 1924 net lau earnings so of these ou net 4 3 earnings were arrived lic at after deducting interest depreciation aadal elz uola and interest on preferred az stock boms and were equivalent to oi 18 81 cents a share iuis on the so of common io stock jools par aud 1 the OU company produced pounds so of copper uno ounces of JO silver PUE and ounces so of gold it 41 cost the company ludw oz an average of JO 6 VU cents a pound including depreciation ma boil and interest inq but q before ioja taxes PUE and depletion the mill PP did not IOU get into ido operation boil until nuiet january au so os that 0 only U xa ic a part so of the otil period had the benefit so of this treatment weid plan it st is understood hopun pools that the company is I 1 now producing oid ap copper at around 8 cents ic a pound including adap depreciation and all charges says the boston commercials alt resume so of operations 0 anaconda eav owns TS 51 per nd cent so of the stock and U U P sl is therefore aj 10 in u control so of operations for some amos time reports from this gadoid property XI have indicated that anaconda had a valuable vala bable investment in ul walker mining the property has been under development for some cas years s1 sa recently a new MOU ore body was sum opened on the otil ADS seventh level to 01 the south of JO the main tunnel this promises to 01 develop into lui 0 an important deposit already alv apic it 4 has been opened for a distance of about feet feet of JO which length the aj ore ojo averaged from four to ol 7 az pas feet m in width pule and carrying values of JO E copper do ounces of JO silver pule and uno ounces S so of gold per 1 the extension so of this ore body si is being uma determined by drifting on the fifth level to ol the north on the fifth level a new mou ore 0 I 1 body also has been cut buic and opened up dit jol for 80 feet side aps so of the aill granite dyke on the sixth L this ST is the other level more than qa pounds d spano so of copper bearing denb quartz zai have been put ind in u sight which with a higher price for boj copper do will become commercial ore per 11 the walker CM W mining woo company Suied holdings consist I 1 so of thirty eight patented opol lode claims and two placer claims heavily timbered PUL and 1001 located IL at an elevation so of about feet 22 salim miles northwest so of portola on the western pacific ci railroad ui in plumas county california cD the veins occur in ui an altered zone impregnated pal A with sulphides sulp hides containing copper AIS silver 1 and gold there appear of JO varying widths with a veins be several parallel 4 to 0 combined 1 length iol for three so of the ore shoots so of around 2500 Z OOS the has been explored and developed by feet property shafts pule and drifts besides quite a tunu number aaa so of j means diamond CO su so of drill 1110 two holes it 41 seq has been freely predicted that this aj st mine would be the second if not actually the most important copper producer in california there is little question anaconda stands to receive a considerable income under normal conditions from its stock investment in this company incidentally the minority interests possess a stock of good speculative possibilities |
