Show HORTI HORM ANNUAL A rine fine showing in the art an govonor 1603 1803 tile tho annual report or of the llie honi silver mine ut at ai J iaco U ulah lab is 53 evolved it erows the payment nt ftc tour four leg izular ular quarterly divi denels during 2993 one of if 20 10 cents per bhare and throe three or C 12 isi cents each kiich besides tills this tile th cash biad luice ance not hartil ine tease 78 04 I 1 or from froin 31 1 to lo HIP file year jvan ton or of ore lieo attia aralee ar aled acl find tile s anie clua nittY iti value per toll wat was i 24 it a of the th f x at I 1 of nr lh h e clee pit 1119 g on ro rL ta 1977 dead wink woi it surface au bup P palos 1 til 64 11 1 a tot total accost cost of nr li 6 64 8 th the finan financial clat statement ot oil tile year Is tm ax 10 follow 1 alive ft luh ali b I 1 noce from dinst annual report sl ore gales gross grona sales for y yar ar interest account united states trull C 0 capon y 1 3 sta af M N S sundry amounts mn T 61 llew za store at frisco surplus funds funda II 11 balli Mori piRe note anna I 1 A llon kimp law works arid ai plant at francklyn net receipt 4 bouse rents etc ax 1 I fees sundry amoun Lq 4 26 total I 1 the expenditures during were mining filling labor bup ile tim bc bet rand gand sead dead work MM ga plant fill pipe supplies auppl lea and ana labor r aw 66 general n oral eap exp anses SA larl arleo rent taxes etc 2716 a 59 t 1 n e account ru ruic i e h D dumbarton ur abarton lode present property properly no zi 29 loyc pr share M no an S 21 ver per share no mo 1 it l ac per 61 60 M W no sa ic per bhare ODD 00 1331 balanc ance on hand ted states trual company IZ call loans WO 00 national dank K first national bank ta 24 retty cash 33 93 31 VA total 69 tile assets of tho the company in addition addle addie to tho th mine min e are given its aa follows amount amounts i than duo to company ai cash on blind as per lr statement lement r ki G bills rocel vable notes secured hv by real ft V ulue of stock on hand nl at mine and store wor 1 8 and plant it francklyn cost ia 64 works ai nt milne W iw cost 52 12 elal estate nt at frisco cot 61 concentrating plant ll CHii bg total 10 none MANAGERS depont T manager Farns Norths re fort of oc the years operations ta is as folio a farbro FrIne ct january jannary 1 A C con president new york cuy acor sir mr for your information I 1 herewith submit the lie following fol lowIn report of our operations and ore ope pi r cllon at the iho horn buyer mine tor for thu the year ending december 31 M the total oro ore extraction from the mine ing lh ill year la Is D tons tona ana pounds all the ehe ore ba bai been vold bold to the Gern iania smelling smelting Sm elting refining company murray lil urray utah on contract we wore were ot obliged liged to practically suspend a u s pend operations for nearly two months manth s owing to tho the drop in the atice pilco of silver alch accounts for the shrinkage in tonnage e as compared li blui ich 12 for tho the five months last past tho the av rage raffe of uio tile ore in alvr bm been P double the ordinarily silver value of uie 01 flori tills mine mille the alie cauco of this marked increase in value 13 dus due to a new tits covery in the north end of the t feet slope this pr pir v on chute lu Is fourteen fmc feet in width and finues north and downward so 0 o far as our drift hoe ha been extended the cost of ore extraction liao has been sUtIA 71 for dead work 15 2 surface ur labor G ana and for supplies W 3 drad WORK 11 FORMED first level wenze aln stink annh I 1 20 fert feet insl l arbi level devol north drift extended Ts 75 feet fifth level south drift exten extended d c d 61 f feet et t ca foot foft lovel level south drift CT tended 1 test feet leverth level north drift lit e extended x I 1 0 feet feel level north drift extended IW feet eleventh level north drift ex CT ax fret feet COST OP of r extraction atrach ton of oro of ailts lilts lia coal pr tor extrac x oct 3 anch ion of ol 01 a 0 has han cost fr for dead wr work ko 1 koch each ton of ore has hag cost colit for bir alir face labor abr 1258 1256 each ton of cie 01 e has co cot t for rip alls 1 I I 1 each ton of ore or ca earn in ot a cost of average value of ore per ton in juno bada nere v ere askea asked i for or and received for the erection of a twenty alamp mw mill with tivi twelve Alre 8 foot rrue vanner tables lor for concentrating tho the low crado ore from the mine owing to tho the financial trouble commencing about th eliat p time operations were sur suspended until unell V october when tho th contract was waa awarded to fraver chalmers of chicaro f for r slav IL this estimate la is for tho the duill machinery completa comp leti f a 0 b chicago chlcagno this thia holvor ho vr does doca not include two engin e 5 and arroo boilers which watch were moved fro roto M the smelter to the be mine the milt mill has hae a capacity of 13 1 3 tons per atwon ty four hours we have pad to lo fraser chalmers Chal mcra on machinery macht noy HMO and have expended for fi firlit Klit arid and labor tn in erecting I 1 the it building abich la Is now nosy nearly competed comit amit pat var S 16 sil h zi 1 la apt throe carload cirlo adi i of tam ma chinecy to lc be shipped to complete the th entire plant when tills this in IH received we will the balance of 01 the still due idich ahe lie freight on three CPM of cf in a tro amit constitute all our obligations orllis tillena til luna unpaid th all fotr wr compete h has n cost f aud la Is wn un excellent machine wilier water tanks pipe line puni etc havo cuse vail 21 2 it is iff our intention tz 10 run t hi e pump and anrine ot at thu the all ell with corall idel air and a four inch pipe him halt ile irtis pit ma laid to or r that purdom this popl liaa bas bpi it lepto will ivha blighty five rounds pre und found bonnil to 10 bp be perfect it Is phito in tile the same imam walli tit tile wot r nano nal anil I 1 tn Is 7 afo VO foci feet in length phi water plia IH 14 the ih same 1 neth which N 1 a nr hir inoa boodon ripe iron bound and Apha ltd awro V aaro oaro buttina in n nil ail plo ottle light plant a of f light nl tw for up the milt hoisting works and stations la in the ibe mine tae machinery mae n r nd ft a rg 11 flo firl in u rc poci c and pa a g or the plant wit compare favorably avih with ti sill in the wept went the th not nl suin rain from botn tho the mercantile bust ne Is 19 1300 bLIZ which Is turned over to the our clu cloeters eters for the amusing year tini delt dixel nd nl largely afon the action of con drw gr e lih ith regard recard to free load yours truly r T 7 manager |