Show THREE KINGS consolidated ISSUES OPERATING AND FINANCIAL REPORT under date of september the three kings consolidated mining company operating at park city last week mailed to stockholders a report covering the year ending july 31 1927 the report bears the sib signature nature of forest mathez treasurer and manager the result of the years operations is tersely told by the manager as follows during the first five months of the year an effort was made to develop the ore bearing horizon from the bottom of the shaft dinzes were started from the level one of which was continued on the dip of the bedding to the level water nas was encountered and considerable difficulty was found in doing the work due to insufficient funds on the level a system of fissures intersecting a fold of the bedding was developed and conditions for ore deposition was extremely favorable however funds were not available and on the alst 1st of january work was discontinued at this point and work resumed on the no 4 fissure system dyste in on the first of may ore was again encountered in the no 4 fissure system and since that time a considerable r mount amount of low grade ore has been developed it has been found unprofitable to mine and ship this ore but developments continue to be favorable and it is possible that high grade ore may be encountered any time work is still continuing along the intersection of the no 4 fissure system with the ore bl earing bearing limestone during the past year 1050 feet of work was done with the total operating expenses of the financial report shows that the year began with cash on hand amounting to and that during the twelve months assessments collected totaled operating and overhead expenses totaled and the year closed with cash on hand amounting to 1 As now constituted the official household of the company is as follows william anderson president J R elliott arlington calif vice president W J burton second vice president and secretary forest mathez treasurer treasure and manager these with R B parry of bountiful utah complete the board |