Show 1HE TESORA REPOT Stockholders Listen to Report of Their Committee IT IS NOT UNFAVORABLE Prom tho 0 K Bemakable A53nys Wliicli Fully Sustain tho Great Reports for High ports of i That Property Grodft Copper ShipincntsThreo Car Lots That Yield TTpwnrd of Forty Per Cent in tho Bed Motal The Stockton Is Producing Well Suites Output for the YearNotes consisting of Morris The committee B Hunt R D Evans and Herman Bamberser who were appointed last Thursday night by a meeting of the minority stockholders of the Tesora the company books mine to examine yesterday Issued a voluminous report II states that It is apparent that al to produc i ni t m ohrvrces incident tion have been reasonable the new mill has been operated at a loss Prom March 20 1900 when the new management manage-ment assumed control until NovemberS November-S 1M1 the overdraft at the bank of McCornfck Co it shows increased from 69514 to 9S39 3and during that time the sum of 3D0304G was expended for Improvements such as buildings and machinery It also states that the committee is Informed by Duncan McViohle the mine superintendent I superin-tendent and in whom the committee express confidence that there are now blocked out 50000 tons and already mined 6500 tons of secondclass ore or the gross value of 7 a ton As no ore has been sloped between the 300 and the 375foot level and that 100 feet deeper has been reached by a winze not at present being pumped the report says It is safe to assume that 50000 tons additional second class ore or a total of 100000 tons for milling purposes are in the mine It is estimated that by concentrating four tons into one a net profit of SC40 on concentrates or lGO a ton on the ore can be realiied or a total of 160000 profits on the ore now assured in the mine The committee also states that it Is informed that the new Improvements Im-provements and addition to the mill will Insure a dally capacity of 200 tons making a profit of 320 a day with a possibility that developments may produce pro-duce shipping ore In large quantities The committee also reports the books of the company to be In good shape all moneys received being properly accounted for and vouchers being on flic for all expenditures |