Show t t 4 1 I GON MERGURS AEPORT I p I i I t ¼ Ip I J iJ J Rich Showing for the Eleven I I j 1 11 Months Ending June i I I j i I I t Ii 1 MILLION AND A HALF GROSS I r WI I i 1 I I I i I I Dividends Amounting to 236000 i 4 I i Amoutng > j I Paid Property in Highly Efficient f I K Working Order Silver King1 Pays i i 1 Its Kogular Monthly Dividend of 1V I 100000 Bon Butler Buys Leona I I Duy I r 1VJ JSIcGrath Gets Control of Mystic I fl > J Shrine Ore Find in Eagle and I Bluo Boll Notes t I tt j t I I I t l 4 Thc management of the Consolidated Ii v r Mercur Gold Mines company during a period of cloven months ending June J 0ih lust mined and milled no less than I 1 s 2SsS2C5 tons of ore From this tonnngo 4 Y there was derived gold bullion of the I 1 value of 1S93093SO out of which divl Qonds amounting to 5235000 were paid l f i while on July 1st the company carrl dIn I d-In Its capacious stockIng 0 balance r amounting to 273309 1 g i This alone with other data Is incorporated in-corporated in a report which has Just t r been complied by George II Dcrn the I I I companys treasurer and assistant general I tL 1 gen-eral manager and which affords splendid I I Iti splen-did l evidence of the bonanza earning I capacity notwltftJuandlng the rjdlcu I I ious depreciation In the market value 1 1 < 1 of its shares that were traded In during f p I dur-ing the week at 275 That the exhibit I j was not made to comprehend the entire 1 en-tire year was that under the bylaws I I Ii I the fiscal year Is made to terminate on i June 20th and the report was closed I I I accordingly f fl l I I is further shown that In the milling r mill-ing of the ores I saving waa made of rr l 518 per I ton while the contents of the I p tailings were reduced to J13 cents with I I 1L I a gross value of 013 per ton on tho K J crudo ore lhe extraction of ores the I r i milling of them the paying of salaries 1 I I etc entailed n cost of 5318 per ton or I I I 91827010 which left the company a J j I I 1I net profit of 2 In addition to the op j I crating expenses SG1G53S7 Was paid out t I for Improvements on the mines and f I t mills while at the closing of the report p the company had in stock and in Its I I storerooms that compare favorably II I with stocks carried by not a few retail retai II I I i houses 5UJJllC3 etc of the value of 9J39S72 I r The subjoined table tells briefly the f 11 story of earnings and disbursements I 1 I 1 J for eleven months Value of gold produced 1493093SO I It i Receipts from other sources SI493t3S 1IIG f I j Totals receipts from all i sources SIJ334S7 I r j I Less total operating expenses 01 j O4 I Net earnings for eleven months5 D7721749 I I 1 j Out of which have been paid 6i2L7I < i i dividends Nos 1 and 2 20500000 I i Balance of undivided Profits 31221749 r j Loss construction Improvements I I 1 Improve-ments and incorporating expenses M ex-penses G1553S7 rf < I Balance 2SO653r2 26 t Leas disbursements unapplied I to operating 7353C6 III i 11 Balance on hand consisting of U cash In bank bullion In I I csh bulon transit 1 I 1 tran-sit refinery slag unsold I I 11 I stores and accounts receivable receiv-able S 27330956 I I IT On July 15th dividend 3 of 125000 or 1 I 124 cents a share was posted the distribution j t I 4 dis-tribution which swelled the total paid 1 by the consolidated company to 3GO V I i I 000 following1 on August 1st As the I old Mercur Gold Mining company paid I I 1 51iSl000 In dividends and De La Mars 0 t i Mereur Mines company SGS981299 up to the date of the consolidation it will be I il seen that the domain now owned bv the allied companies has been productive I Ij i produc-tive of dividends amounting in the aggregate ag-gregate to no less than 253081299 In J addition to the amount disbursed by It 1 I I the Iercur Gold Mining and Milling company retains In Us treasury a balance f ij I bal-ance of about 10000 pending the de I termination of a suit for damages and > itl I I a controversy with the Government I over a handful oC mining timbers that I was precipitated by Percy Sowers I agent for the latter I I For Information and data relating r to the physical condition of relatng prop I erty the stockholders are referred to a It i I report compiled by Robert C Gemmell Gemmel In February lat under Instructions I I of the f Boston mining exchange upon I which the companys shares were sub 41k 1 epquently listed According to this report r re-port there was In sight on January 1st Just 1117320 tons of ore of the value of i II I I 5COG per on gross or i net valuation of t 2324GCO while In the old Mercur tall I ings dump were ores of a net value of 1 t 5300000 with the Pioneer mil now op t l I crating on the latter Developments anticipated by Mr Gemmell in con eluding his report have all been more J than verified and the testimony t throughout is I that at no time has there been so much ore blocked out The J I inpnacement is an Ideal one at mine 11 t mill and general offices nnd the sharo v holders are to be congratulated upon the present condition of the companys ql interests u I l liii 11 t I Ben Butler Buys Leona At a cost of 13000 the Leona mining I Lena lii 1 I claim at Elnnham was on Friday minlns I added to the Ben Butler t Bulel Mining com I i panys property the vendor none other I b than Dr T 13 Beatty who had a few I I hours before received a deed for It from the original owner The orlgl11 terri L iI I l tory all of which is r d nl 11 patented and ij through which I tuoUh a welldefined vein Is easily traced adjoins the fsly original hold i I i Ij j ings of the Ben Butler on the south IH i I 1 and by those who conducted the exam 1 i r i ination for the purchaser is I looked q upon as C most likely piece of earth H was this trade which Wa trde Inspired t report yesterday that the Ben Butler n I i and Liberal had burled the hatchet I i ft i and further that the LIberal I UrtlWh Liberl had been i purchased by Its neighbor In the meantime the scrap between the last L 1 named principals has been adjourned i 0 for another week 1 i i Yankee Cons Great Showing I jql e Lorln Morrison the lorrrsn wellknown ml wellmown ii t ning man and Investor who has re turned to I town after I j afcr Severn days among the properties of the Yankee I I j3 Con at Tintic says It Is difficult for i any man who has not made personal I amlnaton to approximate I the value or ore bodies that I are now blocked r out Tue latest and the rnost valuable g r acquisition says he is the enormous I ore body into which V a hole Punched by the Wn Ptnch MIdway 11 UPI18e 3 and upon which Dick Guenther lie 1 Intendent l has tht super p I teldent now drifted In a mass of solid galena and mns Jlena carbonates of nt earbolteM o lead for over 100 feet Oth Other have enlhused I l over the enormous ore body in what IH boi known what as the Jewel I Boxa topo I loxa I r I that was opened up In Humbug ground HumbuS roUld on the north when the company drew It In at a coat of < COtt 230000bnt Mr Mor rison has lor r reserved his enthuMasm to spend It on the disclosures 2 thclomres above r the Midway crosscut In his opinion the i 9 ore bodies exposed at that point L ov cced in volume those that I tamed In the Jewel Box are con and certainly no mining man uln challenge ccralnly perlcncc 11 chalence every his other c ore body of which 10d there lo a quartette of big < ones the a quurtele 1 ri 11 blS gentleman Says tie new Is sufllclcynt one to class I ufchmt Classify Yankee L Con as one of the bluest L lie ° bonanza f ever unearthed In great Tlntlc great It wm Tlntc not require wi I long to demonstrate U now that Superintendent I Guenther Is making connections for economic ox iij I traction and to any shareholder who who may be In doubt he recommends recom-mends a personal visit to the property prop-erty Mr Morrison also examined the Uncle Sam and says the management with Hn present ore bodies Is capable capa-ble of pulling out almost any kind of 0 dividend |